General Information
Last updated
Last updated
Truckology's ecosystem revolves around two flagship tokens: THEO and THEOX. THEO represents value in dollars, while THEOX represents value in THEO. These tokens play distinct roles within the ecosystem and are designed to represent value in different ways.
THEO: THEO is the primary token in the Truckology ecosystem, representing value in dollars. It serves as a stablecoin or a digital representation of fiat currency, specifically the US dollar. THEO is designed to maintain a stable value, mirroring the value of the US dollar. This stability makes it suitable for various transactions, such as buying and selling goods and services within the Truckology ecosystem.
THEOX: THEOX is the secondary token in the Truckology ecosystem and represents value in THEO. It operates as a utility or internal token within the ecosystem. THEOX is typically used for activities within the Truckology platform, such as accessing certain features, paying for services, or rewarding participants for their contributions. The value of THEOX is tied to THEO, meaning that the price of THEOX fluctuates relative to THEO.
The use of two tokens allows Truckology to separate the functions of a stable currency (THEO) and an internal utility token (THEOX). By having a stablecoin, users can transact within the ecosystem without worrying about price volatility. On the other hand, THEOX provides flexibility and utility within the platform, incentivizing user engagement and facilitating specific activities.
It's worth noting that the value of THEO and THEOX may vary over time due to market conditions, demand, and other factors. Users can usually acquire these tokens through exchanges or by participating in the Truckology ecosystem, depending on the platform's rules and mechanisms.
