Ryoshiverse is a platform ecosystem building a web3 framework aimed at providing scalable, low cost, fast web3 solutions. The network will run on a Proof-of-Stake (PoS) consensus mechanism called IOM (Internet of the Metaverse), which aims to offer scalability and stable fees for developers and the next generation of the internet, the Metaverse.
$VERSE is the native utility token that is used for: Fees for processing transactions Running validator nodes on the network via staking $VERSE tokens.
Used for protocol consensus votes In addition to serving as a currency within the Ryoshiverse ecosystem, $VIZ will be utilized to govern the through decentralized decision-making processes. Token holders will be able to vote on proposals, influencing the direction and development of the Ryoshiverse ecosystem. Ryoshiverse tools will include: VERSE SDKs which includes standard data structures and testing tools.