🏛️Tokenomics
This overview covers the governance mechanisms and financial incentives, it aims to share a vision of alignment between various stakeholders within the Menthol ecosphere, protocol functionality and th
What is COOL Token?
COOL token is Menthol Protocol's utility and governance token. The tokens are used to get access to and pay for automated sustainability services.
Until COOL is minted and distributed, users will be able to stake and spend alternative supported tokens.
Uses for COOL
In the context of the Menthol Protocol's Ecosphere, COOL token serves the following purposes:
Compensate curators for voting or proposing on updating the list of sustainability assets on CooList
Get access to the coolest products and services through staking
Pay for protocol services such as automatically offsetting on-chain or off-chain activities that result in emissions and/or non-renewable energy consumption
Get discounts for protocol services
Enable stakeholders to join Menthol DAO and participate in governance
Distribute protocol rewards to Menthol DAO members
Participate in NFT art drops and sales
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