EPT Token Price (EPT)

What Is EPT Token(EPT)?

EPT is the sole governance token for both the Balance Platform and Balance ZKEVM. It rewards network activities within the ecosystem, such as transactions, providing liquidity, and building applications. EPT creates an incentive mechanism among traders, creators, and the marketplace, ensuring all participants benefit from the network activities.  

How Does EPT Token Work?

• Application Building Fees: Game developers using Balance zkEVM to build games must pay certain fees, which can be paid directly with EPT tokens. Alternatively, Balance can automatically convert the purchased currency (ETH, USDT, etc.) into EPT for payment on the open market. Users do not need to hold EPT tokens to transact through Balance zkEVM.
• Staking: Users holding EPT tokens can earn returns by staking their tokens. A portion of the fees game developers pay for application building is locked in a "Reward Staking Pool" managed by the foundation. EPT tokens from the pool are distributed proportionally to staking participants at fixed monthly intervals.
• Proof of Stake and Governance: EPT token holders can participate in decentralized governance by voting on Balance-related proposals. Proposals may include how to allocate token reserves, voting on developer grants, adjusting fees for building applications, changes in daily rewards, and token distribution, among other topics. The Balance Foundation will also continually enrich and add other categories of proposals based on community development. We aim to increase the utility and decentralization of EPT tokens through user voting. The foundation has the authority to propose items beneficial to the entire ecosystem and facilitate the proposal process, which all token holders will vote on. Individuals wishing to submit proposals for voting must first own a certain number of EPT tokens, which the foundation will review before entering the voting process. The specific number of EPTs required will be determined later.
• Maintaining Network Security: EPT tokens are used to pay for network nodes' operation and maintenance costs. In addition, Balance incentivizes node participants to maintain network security and complete block confirmations by issuing EPT tokens as rewards.
• Payment and Transaction Medium: The EPT token serves as the medium for Payment and Gas fees on the Balance Platform, playing a crucial role in transferring value. Users can use EPT tokens to purchase game goods and services and pay rewards on the platform.
• Priority Access: For games in alpha or beta testing, players who want early access need to hold a certain number of EPT tokens as access credentials.
• Social and Incentive Mechanisms: The EPT token is also used for social engagement and incentives. It motivates users to participate in community building, content creation, and social interactions, fostering the project's development and user involvement.

EPT Token (EPT) Community

• Twitter: https://x.com/Balance_Games
• Discord: https://discord.com/invite/balance-fun