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What is the issuance volume of SUSHI coin? One article introduces the application scenarios of SUSHI coin
SUSHI, the native token of SushiSwap, has a total issuance volume of 250,000,000 tokens, providing a foundation for its diverse applications within the ecosystem.
Oct 09, 2024 at 09:06 am
What is the Issuance Volume of SUSHI Coin?
SUSHI is the native token of the decentralized exchange (DEX) SushiSwap. It is an ERC-20 token that runs on the Ethereum blockchain.
The total issuance volume of SUSHI is 250,000,000.
Applications of SUSHI Coin
SUSHI coin has various utility within the SushiSwap ecosystem. Some of its main use cases include:
- Governance: SUSHI holders can participate in the governance of SushiSwap by voting on proposals and participating in discussions on the SushiSwap forum.
- Staking Rewards: SUSHI holders can stake their tokens to earn rewards and support the security of the SushiSwap network.
- Transaction Fees: SUSHI can be used to pay for transaction fees on SushiSwap, receiving a discount on fees.
- Liquidity Provision: SUSHI can be used to provide liquidity to SushiSwap pools, earning rewards in the form of trading fees.
- Swap Fees: SUSHI can be used to reduce swap fees on SushiSwap, providing additional incentives for users.
- Yield Farming: SUSHI can be used to participate in yield farming programs within the SushiSwap ecosystem, earning additional rewards.
- NFT Marketplace: SUSHI can be used to purchase NFTs on the SushiSwap NFT marketplace.
- SushiXSwap: SUSHI can be used on the SushiXSwap platform to swap tokens across multiple chains.
- Shoyu: SUSHI can be used as a payment method for shoyu (Japanese soy sauce) at participating restaurants.
- Insurance: SUSHI can be used to purchase insurance products offered by SushiSwap's insurance partners.
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