What is Router Protocol?
The Router protocol is a cross-chain protocol that enables users to make asset transfers across different networks, as well as use cross-chain applications. The main purpose of the Router Protocol is to build a bridge that links Layer 1 and Layer 2 networks. ROUTE is the platform’s native token. If you're curious about the current ROUTE price, make sure to check the Router Protocol price chart featured above.
The Router protocol has an engine that allows hassle-free transaction settlement. Also, it has a mechanism that finds the best route for swaps across chains. Besides that, the Router protocol provides developers with a software development kit that allows them to build cross-chain dApps and tokens.
Use Cases of ROUTE
ROUTE tokens have a variety of use cases. The following are the main ones:
- Staking. ROUTE holders can stake their tokens to become block validators or liquidity providers. For doing that they earn rewards.
- Payment method. Route Protocol coins can be used to cover cross-chain transaction fees this way getting up to 50% discount on these fees.
- Governance. ROUTE token holders have the right to vote on proposals affecting the future development of the Route Protocol crypto project.
Don't forget to check the Route Protocol price chart. It features both – the current and the previous ROUTE price.
The max supply of ROUTE coins is 20 million. 10.6% of the supply was sold during a seed round and two private rounds. 15% of the supply was allocated to the Router Protocol team, 10% to partners and advisors, and 20% to the Router Foundation. Considering the further token distribution, the Ecosystem Fund received 25.42% of the supply, the reward pool received 17.2%, and 1.8% was set aside for liquidity provisions. All of these allocations have different release schedules so as to prevent inflation, manipulation of the system, and other activities that may compromise the protocol and the ROUTE price.