$CTZN is the fungible token of the Totem Ecosystem.
$CTZN is the fungible token of the Totem Ecosystem used to transact across the platform, providing certain perks and utilities.
Obtaining $CTZN grants you:
- Access to everything in Totem (via your unique ID).
- Exclusive XR Items, NFT drops, and more.
- Lower marketplace transaction fees
- Totem XR transactions/rewards
- Voting rights on key decisions in Totem (via the DAO)
Utility: $CTZN will be used as the currency between all different experiences within Totem: the OS, XR, and the many AXIS. It’s the sole method of payment to launch AXIS and AXIS tools. $CTZN is the currency of choice in the Totem Marketplace, and the only means of transacting in Totem XR.
Balance: Totem will manage the available liquidity (guarding against inflation) by using excess tokens to invest in infrastructure, development, and community-voted projects.
Interoperability: We have created wrapped versions of our coin for layered use, across many chains & ecosystems, the goal is to bring an even greater degree of utility and reduce friction for our Citizens to more easily navigate the Metaverse. Each unique scenario of use, carries with it its own justification of which chain and token type to use (gas, platform, etc). Whether it’s $CTZN native or $CTZN-wrapped, you will be able to use $CTZN to spend, stake, and vote in the most optimal way.
1 CTZN is represented by 18 digits fractions (10^18) of its natural unit (1 CTZN = 1,000,000,000,000,000,000). When/If the token becomes useable in fractions, we’ve created a new fractionalized unit ZEN. 10,000 ZEN = 1 CTZN.