Token life cycles begin at mint. 3air, its affiliates, or other third parties will be responsible for token minting and initial distribution as described earlier. Token releases will be governed by smart contracts.
Figure 22 3air ecosystem token interactions
The user interacts with the 3air platform through their DID and the 3air tokens. DIDs can be issued by the ISP or a 3rd party service. A DID uniquely identifies the user and accompanies all token transactions on the platform. 3air tokens can be connected to the platform with a crypto wallet. Tokens can be spent on ISP services or transferred into staking, governed by a smart contract. Stakers receive staking rewards from the staking pool.
Token holding or token staking could impact referral rewards, loyalty rewards, microloans, and governance. Referral rewards are distributed to the referrers. Loyalty rewards are distributed as tokens or a different type of reward (discounts, freebies) and impact ISP services.
The user can pay for ISP services with tokens or with the help of a 3rd party fiat onboard ramp. Once a service is paid, tokens are transferred to the ISP provider, and a fee is paid to the 3air company wallet. The service provider grants service access to the user through their DID.
Users may eventually vote with their tokens. The community pool will be under the governance of the token community that may give their opinion on matters such as token burning or funding local community projects.
Every participant (token holders) can use centralized or decentralized exchanges to buy or sell 3air tokens for other cryptocurrencies or, where permitted, fiat.