🪙5.1 Utility Token Offerings (UTO)

Utilizing a decentralized platform is in itself a technological challenge. The Polygon back end runs entirely on a public blockchain through smart contracts, which must be flawless to protect issuers of tokens and their users.

In the case of utility tokens, the ownership data is stored in an immutable blockchain, which offers greater security than a standard certificate or other documents of title.

The purposes and use cases of $EDNS include:

1. Acting as the principal token of the EDNS ecosystem, allowing $EDNS holders to acquire and renew EDNS domains and access various other services in the EDNS ecosystem, including the products and features described in Section 2; and

2. Enabling users to participate in governance voting on the EDNS project’s direction.

We also envision that $EDNS will be freely tradeable on secondary markets (the where).