Key Functions of OHM3 Tokens

Rewards

OHM3 tokens are distributed as rewards to contributors who support the development, maintenance, and security of the OHM3 Energy Network. This includes energy producers, storage providers, and users who participate in staking.

Transaction Fees

OHM3 tokens are used to pay transaction fees within the network, such as fees for peer-to-peer energy trading and accessing smart grid management tools.

Payments for Services

OHM3 tokens can be used to pay for services provided by the network, including external entity payments for using the energy data and other related services.

Ecosystem Participation

OHM3 tokens can be used to participate in partnering projects within the ecosystem, facilitating collaboration and integration across various initiatives and platforms.

Governance

OHM3 token holders have voting rights on key decisions regarding network upgrades, development priorities, and other governance matters, ensuring that the network evolves according to the community’s needs and interests.