What is a Token?

How Does the CGS Token Work?

The Community Grocery Store (CGS) token is an integral part of the CGS ecosystem, designed to:

1. Enable Transactions: Users can trade fresh produce, services, and goods within the CGS app using a stable token.
2. Reward Participation: Consumers and growers earn rewards for contributing to the CGS network, whether by trading, referring new users, or engaging in governance. ‍
3. Support Governance: Token holders can vote on platform upgrades, fee structures, and community decisions through the CGS Decentralized Autonomous Organization (DAO). ‍
4. Reduce Costs: By using a blockchain-based token, CGS minimizes transaction fees, making payments more efficient and cost-effective. ‍
5. Enhance Traceability: Every transaction using CGS tokens is recorded on the blockchain, ensuring transparency and trust.

Types of Tokens in CGS

• Stable Token for Transactions: Used for buying and selling goods within the CGS marketplace, ensuring price stability.
• ‍Governance Token: Allows users to participate in decision-making and receive governance rewards.

How is the CGS Token Different from Digital currency?

Unlike general-purpose digital currencies like Bitcoin or Ethereum, CGS tokens are designed for specific use within the CGS ecosystem. Their primary function is to enable seamless, low-cost transactions while promoting a sustainable and community-driven food system.

How Can Users Obtain CGS Tokens?

• By participating in the CGS marketplace (e.g., selling produce or trading).
• ‍Through governance rewards for voting on platform proposals.
• By referring new users to CGS and expanding the community.

By integrating blockchain technology, CGS tokens create a fair, efficient, and transparent financial system, empowering both growers and consumers.