Token

The Trust Ledger token (TL) is the native cryptocurrency of the Trust Ledger platform, playing a crucial role in powering the ecosystem and enhancing the user experience. TL is used as a payment option for transactions on the platform, allowing freelancers and clients to pay for services and receive funds at reduced fees compared to using Ethereum (ETH). This incentivizes users to adopt TL, as it offers a cost-efficient alternative, particularly for frequent transactions.

Beyond its function as a payment token, TL has utility within the platform’s decentralized governance model. Token holders can participate in the Trust Ledger decentralized autonomous organization (DAO), where they have voting power proportional to their stake. This allows users to influence key decisions, such as platform upgrades, fee structures, and dispute resolution policies. Additionally, TL is utilized in the platform's dispute resolution system, where users can stake their tokens to participate in arbitrating disputes between freelancers and clients. Those who vote fairly are rewarded with TL, providing further incentives for active, fair participation in the governance process.

As the platform grows, TL may also become an essential tool for staking, rewards, and additional platform perks, further integrating the token into the overall Trust Ledger experience. Its use enhances security, transparency, and community engagement, making it a critical component of the platform's decentralized vision.