The bitsCrunch utility token (BCUT) is a digital token native to the network, providing access to enriched NFT data within the bitsCrunch ecosystem. Its primary function is to facilitate smooth operations within the network, and it is intended solely for use as a utility token. 

Following are some of the key functions and purpose of the token

• Incentive Alignment: The digital asset acts as a motivational tool, fostering collaboration and commitment among Operators, Delegators, Indicators, and Contributors.

• Governance: The digital asset enable decentralized governance, where token holders can vote on proposals and changes to the network’s protocol

• Network Security: Through mechanisms like staking, our digital asset can add layers of security, making malicious activities costly and thereby protecting the network’s Integrity.

• Independence: Having a digital asset ensures the network’s autonomy and reduces reliance on external entities or tokens. It aligns the token’s value and functionality closely with our network’s objectives and performance.

• Economic Design: The digital asset allows us to tailor the economic model to the unique needs and values of our network, controlling aspects like issuance, distribution, inflation, or deflation.

• Discounting: Data consumers can stake the token to get a discount on the query pricing