4.1. Overview
All in all, the token utility of $REIGN can be narrowed down into two categories:

1. $REIGN as the primary apparatus for market participants to perform certain functions on Reitio:

  • Flat “creation fee” payment for each 3D asset created on Reitio;
  • Royalty payments to 3D artists for usage of their premium templates;
  • Network transaction fees (gas);
  • Virtual world deployment and NFT minting fees;
  • etc.

2. $REIGN to facilitate Reitio's decentralized governance process via time-weighted, vote-locked tokens (a la Curve’s $veCRV):

  • Election of community delegates to serve as the Reitio Foundation’s checks and balances;
  • Election of protocol and treasury delegates of the ReitioDAO;
  • Other ad-hoc proposals (ex: protocol fee structure, third-party integrations, etc.);
  • etc.
$REIGN will first exist in form of ERC-20 on Ethereum, whereby a set percentage will be bridged to Avalanche to alleviate concerns regarding network throughput and transaction fees.
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