The Role and Utility

$PSCAN is designed as a multi-functional utility token at the heart of Plascan’s ecosystem. Its core utilities include:

• Governance: Token holders can propose and vote on network parameters, such as incentive rates, indexing priorities, and treasury spending. This ensures that the network evolves according to the collective interest of its users, not a central operator.

• Staking for Service Providers: Indexers and RPC providers must stake $PSCAN to participate. This stake acts as a security deposit—misbehavior or poor performance can result in slashing. In return, honest providers earn $PSCAN rewards proportional to the quality and quantity of service they deliver.

• Payments for Data Services: Developers and dApps can use $PSCAN to pay for API calls, advanced analytics, and enriched data feeds. This creates a steady demand for the token and reduces reliance on ad-based or proprietary monetization models.

• Incentivizing Community Contributions: Users who provide bandwidth, storage, or run light indexing tasks can earn micro-rewards in $PSCAN, turning passive participants into active contributors.

• Leveraging Plasma Features: Because the XPL chain supports micro-transactions and high throughput, these incentives can be distributed in near-real-time without incurring prohibitive costs.

This model aligns incentives across all stakeholders, making Plascan not just a tool but an ecosystem for sustainable blockchain data services.