$SIGN has several applications within the Sign DAO ecosystem:
Voting Power and Ownership: The token represents both voting power and ownership proportion among DAO members. Decisions, including investments in assets like companies, NFTs, or other tokens, are made based on the collective voting using $SIGN tokens.
Raising Capital: Sign DAO raises capital by issuing $SIGN tokens in exchange for fiat currency. The value of these tokens can increase if the DAO is successful, enabling the DAO to issue future tokens at a higher value to raise additional funds.
Membership and Access: Holding $SIGN tokens is required for membership in various community aspects of the DAO. These include access to chat rooms, game hubs, and other tools.
NFT Interactions: The token is used in the transaction of NFT staking and leasing in the DAO's NFT marketplace. Additionally, premium NFT passes with enhanced features can be minted using accumulated $SIGN tokens.
Gaming and GameFi: In the gaming community aspect of the DAO, holding $SIGN tokens grants membership to the game hub. It also includes farming incentives, with token airdrops as rewards for completing daily and monthly missions for gamers.
Studio Support: For GameFi studios, holding $SIGN tokens provides membership to launchpads and other rights, along with user activation programs.
The Sign Club Team, comprising professionals from diverse backgrounds including design, crypto, gaming, marketing, and statistical analysis, operates the DAO. They are based primarily in Asia, with a significant presence in Singapore, Japan, and China, and members from various other countries.
In summary, $SIGN is integral to the functioning of the Sign DAO, facilitating democratic governance, membership, asset transactions, and various community activities, thereby creating value for all stakeholders in the SIGN ecosystem.
Although 'SIGN' was the ticker assigned at the deployment of the Sign Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'SIGNMETA' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
