Modefi
  • Introduction
  • Oracle Solutions Suite
    • Decentralized Aggregated Oracle
    • On-Demand Oracle
      • On-Demand Oracle - Technical Manual v0.1
        • The On-Demand Oracle System
        • Types of Users
          • Data Request Creators
            • Requesting Data
            • Setting Times
            • Cancelling Data Requests
            • Disputing Results
          • Validators
            • Account Management
            • Staking (and Unstaking)
            • Providing/Endorsing Data
            • Disputing Results
            • Receiving Payment
          • ODO Custodian
        • Algorithms
          • Computing Request Costs
          • Depositing and Withdrawing Coins
          • Staking to Endorse Data
          • User and Staking Slot Tiers
          • Timing/Lateness
          • Bumping
          • Withdrawing
          • Endorsing
          • Payment
          • Slashing
          • Reputation
          • Staking Bonuses
          • Disputes and Resolutions
          • Coin Credits
          • Account Transfer
      • On-Demand Oracle - High-Level Overview
    • Oracle Marketplace
  • Defi Dashboard
    • What is the Modefi DeFi Dashboard?
  • Token
    • Tokenomics
      • Token Distribution
      • Token Stats
      • Token Emission Schedule
    • Token Sale
    • Token Utility
  • General Information
    • History of Oracle Based Hacks / Exploits
      • Synthetix $1 Billion Exploit
      • Trader Exploits bZx Oracle for $330,000 Profit
      • $100 M Liquidated on Compound Following Oracle Exploit
  • Blockchain Basics
    • What is a Smart Contract?
    • What is an Oracle?
  • FAQ
    • Staking on Fantom
    • Staking on Binance Smart Chain
  • How-to's
  • Smart Contract Addresses
  • Links and Socials
  • Media Kit
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
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On this page
  • On-Demand Oracle Validation
  • On-Demand Oracle Deployment
  • Governance
  • DeFi Dashboard Subscription
  • Oracle Marketplace Fees
  • Token Staking
  • Liquidity Mining
  1. Token

Token Utility

On-Demand Oracle Validation

In order to participate as a validator on the On-demand Oracle network users must bond their MOD tokens as collateral.

On-Demand Oracle Deployment

When an end user or developer deploys a new oracle contract, the fees to implement the contract will be collected in MOD tokens

Governance

Governance is an important part of the truly decentralized eco-system being built. The MOD token will be used for the Modefi DAO for important decision making and development

DeFi Dashboard Subscription

MOD token will be the main payment token for subscription services used within the Modefi DeFi Dashboard

Oracle Marketplace Fees

MOD tokens will be used to pay fees within the oracle marketplace

Token Staking

Staking MOD tokens allows users a way to put their long term holdings to work for them

Liquidity Mining

MOD holders will be eligible to receive rewards by providing liquidity to AMM MOD pools, such as Uniswap and Balancer

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Last updated 3 years ago