Tosi documentation
  • Introduction to Tosi
  • RUN A NODE
    • How to set up a Tosi node
  • HOW TOSI WORKS
    • Overview of issuance & verification process
    • Publisher identification
    • TOSI staking & asset issuance
    • Asset verification
    • Verification result confirmation & dispute resolution
  • Asset & result availability via TosiScan
  • Issuance & verification examples
  • MISSION: PLANT 5 BILLION TREES
    • Importance of forestation
    • Link between TOSI token & reducing carbon emissions
    • First reforestation project ongoing in Tanzania
  • TOSI TOKEN
    • Utility of TOSI
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  1. TOSI TOKEN

Utility of TOSI

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Last updated 2 years ago

Note: TOSI token model is a work in progress and not final.

TOSI token fuels the Tosi network. TOSI has various uses:

  • Publishers pay datachain creation and update fees in TOSI

  • TOSI is staked by nodes to secure the network

  • TOSI is staked by publishers to increase their credibility

  • Nodes are rewarded with TOSI for verifying assets

  • Nodes are rewarded with TOSI bonus to kick-start node network

We'll describe the token model in more detail in the near future.

Besides using TOSI to secure the network, we're exploring the option to use 's restaking service. With Eigenlayer, Tosi can specify two quorums, an Ethereum restakers quorum and a TOSI quorum. In order for operators on EigenLayer to secure Tosi, they either have to restake their ETH or they have to stake TOSI. Tosi can treat both quorums as two independent quorums and use an AND clause to combine the majority response from both the quorums. If TOSI value would decrease, the restaked ETH quorum works as a hedge.

EigenLayer