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$CEPH Tokens
The Cepheus Space Station is a Platform that other projects can build on top of. As we’ve discussed in the last section, Platform Fees paid to the Space Station flow into the ADRS (Reward Pool) to be distributed as $CEPH Token rewards to DNFT Stakers.
But what is the $CEPH Token and what does it do?
- Space Station Use - The $CEPH Token is a utility token that is needed to use the services on the Space Station.
- Governance - It will also act as a utility token that will allow $CEPH Token holders to vote on governance proposals, like choosing which new revenue services to onboard.
An important distinction to take note of is that even if the $CEPH Token is primarily a utility token, DNFT holders can still profit from it, even with a price-stabilization mechanism.
We designed the $CEPH token to always remain within a predetermined price range so that it stays usable as virtual currency for the Space Station. Tokens that fluctuate (or moon) in price lose out in utility because the services they are used for eventually become too expensive in dollar terms. The solution that satisfies both Cepheus investors and Space Station users is creating a token with some room to grow for price alongside a predetermined price ceiling. The $CEPH price will always fluctuate within a specific price range, so $CEPH will always be usable as currency - without compromising the needs of the people that also want to trade the token.
But we couldn’t call Cepheus DNFT Rewards a “diversified basket of tokens” if we only rewarded DNFT Stakers in the $CEPH token, right?