Native Token(s) definition

Native Token(s) means any crypto asset that can be used natively to perform a service to a protocol in exchange for a reward. Among others, some examples of Native Tokens are those used in the Proof-of-Stake blockchains such as ETH2.0 or XEM; masternode protocols such as DASH or XZC;
Sample 1

Examples of Native Token(s) in a sentence

  • Here is non-exhaustive list of the features is already available today thanks to the approach described above: • Native Tokens: a unique ability to create, inte- ract with, and destroy custom tokens (or so- called “assets”) in a “native” way.

  • Despite due demand, however, StakeHound has failed and refused to return, or otherwise provide, to Celsius vast sums of Native Tokens in exchange for stTokens.

  • By way of the locking mechanism of Native Tokens and burning mechanism of Foreign Tokens, hashport ensures the conversion rate of Foreign Tokens to Native Tokens remains at 1:1 at all times.

  • But it can’t plead that claim,because StakeHound has abided by the terms of the applicable agreements to the letter at every turn, including when it suspended operation of its platform and declined to CNL’s stTokens for StakeHound’s Native Tokens.

  • Accordingly, StakeHound is obligated to provide a complete accounting to Celsius of all Native Tokens and associated Rewards earned or provided at any time, the proceeds of any such coins, and all activities in which StakeHound engaged in connection with the possession and control of the Native Tokens are Rewards.

  • The TRO proposed by the Plaintiff is all about the Native Tokens, themselves.

  • On or around April 21, 2021, Celsius and StakeHound entered into a Revenue Sharing Agreement (the “ RSA”) setting forth the terms of revenue sharing whereby StakeHoundwould issue stTokens to earn Rewards in exchange for Native Tokens provided by Celsius and the sharing of Rewards earned on those Native Tokens.

  • The Native Tokens which StakeHound has staked currently generate Staking Rewards of approximately $300,000 per month, depending on the price fluctuations and activity levels on the networks.

  • As such, any Native Tokens locked in a Porting Account should not be included in the calculation of the circulating supply.

  • The amount of Foreign Tokens generated in a Porting Execution is equal to the amount of Native Tokens being locked in a Porting Account.

Related to Native Token(s)

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