4.2 Utility

Key utilities of IVEX token

1. Staking. IVEX is simply an ecosystem of infrastructure and tools, so it does not provide any native computing resources and would rely on users to stake tokens to execute transactions and/or otherwise maintain integrity of the IVES network. By transferring IVEX tokens to staking, users can participate in the operation of the ecosystem, for which they may receive rewards in the form of new IVEX tokens.

2. $IVEX serves as an exclusive payment instrument within the ecosystem (TBA). For example, it is planned that on the ecosystem's private island in Greece, $IVEX will be the only native currency accepted. $IVEX can be used as the medium of exchange to purchase cars, yachts, and even real estate on the island.

3. Similarly, $IVEX is utilised as a payment instrument in the metaverse (TBA), so it may be utilised to purchase various supported NFT assets in the metaverse (these NFTs may grant certain utilities or represent various rights such as shares in real businesses). For example, a user may spend $IVEX to purchase an NFT plot in the metaverse and become a co-owner of that plot in the real physical world. Only by owning a certain number of $IVEX tokens can the user get the right to purchase such NFTs.

4. $IVEX holders may participate in project governance through voting and decision-making within the ecosystem (TBA). For instance, if a project involves a football club, users can vote on the design of the uniforms or the schedule of friendly matches.