Chain’s native System Token is a fungible token that can be used to purchase Region Tokens and post short videos on the LiveGram platform.
Users can also earn System Token rewards via actions such as registering, inviting new users and posting short videos.
Platform’s Region Tokens are unique and each represents a geographic area. Region Tokens have different generations (Gen-0 are cities, Gen-1 are towns, etc.).
Region Tokens of all generations can be used as a video posting base, whereas the amount of System Tokens required to pay is variable.
Each of platform’s Video Token is created with a Region Token as its base. These Video Tokens record information and statistics including video content, targeted region and number of likes. All data is stored and verified by the blockchain, ensuring data authenticity and irreversibility.