Utility Token for Stabilizing the Protocol and paying for fees
DUCATO Token is used by the user of the Protocol to pay for various fees. KRWD is generated based on digital assets deposited on DUCATO Protocol by the user. When the user wants to liquidate, they have to pay down the KRWD issued to them at the beginning, plus the Stability Fee. With the KRWD and Stability Fee paid down, the user can freely retrieve their digital assets back. DUCATO is planning to comprise the governance committee and community for transparent operation, and ‘DUCATO Token’ must be held for participaing in the governance.
The DUCATO Token holders have the right to join the voting process when decision making happens on changes in the Protocol. It is designed to increase the demand as the Protocol ecosystem expands.
Our other resources: