Overview

$MSK is the native utility token of the Musafir Network and serves several key purposes, including securing the network, facilitating governance, and incentivizing participation.

Token Utility

1. Dual Staking:

   • Validators can stake $MSK alongside $ETH using EigenLayer, increasing their staking weightage.

   • $MSK holders can delegate tokens to Musafir validators, contributing to the network’s economic security and earning rewards.

2. Governance:

   • Staking $MSK allows users to participate in network governance, influencing critical decisions such as:

     • Rewards subsidy percentages

     • Fee adjustments

     • Chain expansions

3. Gas Payments:

   • Users can opt-in to pay gas fees in $MSK exclusively to get a discount.