What is the useage or value of TARA?
The native digital cryptographically-secured utility token of Taraxa (Taraxa token) is a transferable representation of attributed functions specified in the protocol/code of Taraxa, which is designed to play a major role in the functioning of the ecosystem on Taraxa and intended to be used solely as the primary utility token on the network.
Taraxa token is a non-refundable functional utility token which will be used as the medium of exchange between participants on Taraxa. The goal of introducing Taraxa token is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Taraxa, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. Taraxa token does not in any way represent any shareholding, participation, right, title, or interest in the Foundation, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will Taraxa token entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. Taraxa token may only be utilized on Taraxa, and ownership of Taraxa token carries no rights, express or implied, other than the right to use Taraxa token as a means to enable usage of and interaction within Taraxa.
Taraxa token would also provide the economic incentives which will be distributed to encourage users to contribute and maintain the ecosystem on Taraxa, thereby creating a win-win system where every participant is fairly compensated for its efforts. Taraxa token is an integral and indispensable part of Taraxa, because without Taraxa token, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Taraxa. Given that additional Taraxa token will be awarded to a user based only on its actual usage, activity and contribution on Taraxa, users of Taraxa and/or holders of Taraxa token which did not actively participate will not receive any Taraxa token incentives.
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