OID tokens allow holders to participate in the governance of ONCHAINID and interact more broadly with the protocol, its applications, and its participants.

Holders of the utility token can vote on proposals that affect the direction of the project, including decisions concerning:

The token supply and the rewards distribution mechanisms to incentivize stakeholders
The validation of strategic partnerships with DeFi protocols and financial institutions
The new features and improvements of the protocol and its applications
The monetization schemes for ONCHAINID owners and OID holders
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