$ 13.82
15 min ago
(0.92%)
The $MUSE token’s main utility is serving as the governance token for the NFT20 dex.
However, holders of the $MUSE token will also be able to receive a portion of all of the 5% transaction fees collected by the NFT20 dex. When the fees are distributed, users will get fees from Doki Doki NFTs, NodeRunners, Chonker, and any other future assets added to the NFT20 dex, in the form of the ERC20 token derivatives for those NFTs. This means holding $MUSE gives users diverse and full exposure to the NFT industry through fees collected and returned in the form of the various NFT20 created ERC20 tokens for those projects. In the long term, $MUSE could be used as a hedge against the NFT industry itself.
MUSE was officially rebranded from Muse to Muse DAO on November 21st, 2021.
Try our free Muse DAO (MUSE) portfolio tracker if you want to efficiently keep track of your MUSE and other coin/token investments.