The native utility token of MAP Protocol is MAPO token. MAP Protocol has its own relay chain (PoS) and MAPO token supports the monetary flow of the entire MAPO economic system. Core use cases of the MAPO token include:
Gas MeteringMAPO token is the native token for paying transaction fees. Users need to specify a certain amount of transaction fee in MAPO so the transaction can be successfully processed and included in the blockchain. MAPO token is used as the gas metering of smart contract execution.
Protocol SecurityMAPO Relay Chain is a Proof-of-Stake blockchain which means the security of the network is protected by staked tokens. MAPO token is used to incentivize token holders and power the mechanics around the creation of a decentralized node infrastructure on which the blockchain can run.
On-chain GovernanceMAP Protocol is a permissionless and decentralized network which is governed by the community. Any protocol level decisions or improvements will be put as a proposal which will go through the open governance process to finalize. MAPO is the only accepted token used as the measure in the governance process, including proposing referenda, electing council members, voting, etc