Mark @Mitosis Official label #Mitosis and $MITO
The Mitosis project aims to address the liquidity fragmentation issue in the blockchain ecosystem, particularly between application chains. Its core is a cross-chain liquidity protocol that utilizes innovative mechanisms like "lazy branching" to allow assets to be transferred and appreciated seamlessly and efficiently across different blockchain networks.
The project's native token is central to the operation of the network. It primarily serves the following functions:
• Network Security: The token is used for staking to secure the entire cross-chain network.
• Governance: Holders have governance rights over the protocol and can vote on key parameter upgrades and other matters.
• Fees and Incentives: The token is used to pay transaction fees for cross-chain transfers and is distributed as incentives to liquidity providers and node operators who support the network.
In short, Mitosis incentivizes participants to collectively maintain a unified liquidity layer through its token economic model, thereby connecting multiple blockchains into a collaboratively functioning ecosystem.