How to obtain TRAIT tokens

Introduction

Users require tokens to execute actions and utilise features within your game on TRAIT Blockchain. These tokens are utilised for:

Paying Subscription Fees: Subscription fees enable utilisation of the blockchain features.
Paying Transaction Fees: Some transactions on the blockchain incur a fee known as gas. Tokens cover these fees.

How to Obtain Tokens

Purchase Tokens: Users may acquire tokens through purchasing them from supported cryptocurrency exchanges or from the TRAIT Tech company directly. By exchanging fiat or other cryptocurrencies for TRAIT tokens, users obtain currency to participate in the ecosystem.
TRAIT GROW: Projects built on the TRAIT Blockchain can apply to the TRAIT GROW program to receive a credit of TRAIT tokens and support from the TRAIT team. Learn more: TRAIT GROW
Buy on an exchange: TRAIT tokens will soon be available on various cryptocurrency exchanges. Simply create an account on a supported exchange, deposit your preferred currency (e.g., BTC, ETH), and trade for TRAIT tokens.

The Importance of Tokens in a Blockchain Network

Tokens play a crucial role in the functioning and sustainability of a blockchain network. They enable secure transactions, incentivise network participants, facilitate decentralised governance, and drive economic activity within the ecosystem.

Tokens are required for a blockchain network to support the following functionalities:

Transaction Fees: In a blockchain network, every transaction incurs a fee. These fees are essential for incentivising network validators (miners or stakers) to process and validate transactions. Tokens are used to pay these transaction fees and ensure the network remains secure and operational.
Incentive Mechanisms: Tokens serve as incentives for participants in the network to contribute their resources and efforts. Miners or validators are rewarded with tokens for validating transactions and securing the network (Proof of Work or Proof of Stake consensus mechanisms). Similarly, developers may receive tokens as rewards for building useful applications or contributing to the ecosystem.

How to store and transfer TRAIT tokens

TODO use TRAIT wallet

Quick References:

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Last updated 6 days ago

Introduction

Users require tokens to execute actions and utilise features within your game on TRAIT Blockchain. These tokens are utilised for:

Paying Subscription Fees: Subscription fees enable utilisation of the blockchain features.

Paying Transaction Fees: Some transactions on the blockchain incur a fee known as gas. Tokens cover these fees.

How to Obtain Tokens

Purchase Tokens: Users may acquire tokens through purchasing them from supported cryptocurrency exchanges or from the TRAIT Tech company directly. By exchanging fiat or other cryptocurrencies for TRAIT tokens, users obtain currency to participate in the ecosystem.

TRAIT GROW: Projects built on the TRAIT Blockchain can apply to the TRAIT GROW program to receive a credit of TRAIT tokens and support from the TRAIT team. Learn more: TRAIT GROW

Buy on an exchange: TRAIT tokens will soon be available on various cryptocurrency exchanges. Simply create an account on a supported exchange, deposit your preferred currency (e.g., BTC, ETH), and trade for TRAIT tokens.

The Importance of Tokens in a Blockchain Network

Tokens are required for a blockchain network to support the following functionalities:

Transaction Fees: In a blockchain network, every transaction incurs a fee. These fees are essential for incentivising network validators (miners or stakers) to process and validate transactions. Tokens are used to pay these transaction fees and ensure the network remains secure and operational.

Incentive Mechanisms: Tokens serve as incentives for participants in the network to contribute their resources and efforts. Miners or validators are rewarded with tokens for validating transactions and securing the network (Proof of Work or Proof of Stake consensus mechanisms). Similarly, developers may receive tokens as rewards for building useful applications or contributing to the ecosystem.