GMFI

Utilities

GMFI, as the native token of the Golden Magfi ecosystem, lies at the heart of our operations, weaving its utility throughout the platform. The integration of GMFI ensures its role is pivotal and valuable, serving both practical and strategic purposes. Here's how GMFI and its variants, including sGMFI, come into play within the ecosystem:

Validator-as-a-Service (VaaS) Payment

For users looking to utilize the one-click VaaS solution, a 10% stake of GMFI, along with ETH, is required to run a validator node. Think of this as a service charge, but with an edge. The staked GMFI isn't just idle; it works to produce additional yield in GMFI for the stakers.

Yield Generation

One of the shining features of GMFI is its ability to generate yield. By staking GMFI, users are not only supporting the network but are also rewarded in the form of GMFI. This dual benefit incentivizes users to actively participate in node validation and staking.

Platform Access and Premium Features

GMFI can grant users premium access to specific features within the Golden Magfi ecosystem, enhancing their user experience and unlocking advanced functionalities.

Cross-Platform Collaborations

As Golden Magfi expands its horizons, GMFI is poised to be at the forefront of collaborations, acting as a bridge between our platform and potential partners, thereby amplifying its utility.

Community Engagement and Grants

The power of GMFI extends beyond mere transactions. It plays a crucial role in community-led initiatives, from proposing projects to voting on grant distributions.

MagfiDAO

Acting as the governance token, sGMFI token holders play a pivotal role in guiding the platform's direction. It empowers its holders with voting rights, making sure that all major decisions—ranging from governance proposals to resource allocation—are decentralized and representative of the community's will.

Find out more on MagfiDAO here