What is the Pendle token used for?

The PENDLE token serves as the fundamental currency for transaction fees within the Pendle crypto yield platform. It enables seamless financial interactions between users, ensuring the smooth functioning of the network.

Apart from facilitating transactions, PENDLE token holders are granted the unique privilege of participating in the governance of the platform. This involves casting votes on proposed changes or upgrades to the network, ensuring that the community's voice is heard and their interests are represented.

The versatility of the PENDLE token extends beyond its functional role within the Pendle ecosystem. It is also a tradable asset, offering investors the opportunity to buy, sell, and trade it on various cryptocurrency exchanges.

As a leading cryptocurrency exchange, BTCC offers a comprehensive suite of services tailored to meet the diverse needs of the digital asset community. These services encompass a wide range of financial products and solutions, catering to both individual and institutional investors.

Among BTCC's offerings is a robust spot trading platform, where users can buy and sell cryptocurrencies at real-time market prices. Additionally, the exchange provides access to futures trading, enabling traders to speculate on the future price movements of various digital assets.