$The OVPP Token
Last updated
Last updated
The $OVPP token plays a central role as the engine powering the entire OpenVPP ecosystem.
It has 3 key functionalities:
Payments Currency: Every new device registration and every commercial API call consumes a discrete amount of the token. OpenVPP’s Stablecoin On‑Ramp Service removes friction by letting end‑users or institutions fund these fees in stablecoins (or fiat), swapping into $OVPP behind the scenes. By anchoring core services (on‑boarding and premium data) to $OVPP, the token captures network value and creates a predictable demand sink that scales with ecosystem growth.
Governance: $OVPP holders can use their tokens for voting and direction setting of key decisions made by the protocol, deepening decentralization.
Incentives: A portion of $OVPP token supply is allocated to funding incentive for stakers, device aggregators, and utilities to join.