Token
Features, Usage Modes and Circuit of OPEN Token, the Utility Token of OpenMall
The OPEN utility token represents a fundamental tool for the project growth, serving as a transactional commodity available to the Community for purchasing goods and accessing specific services.
Function
TokenUsage in the Mall and its Specular Transposition in the Metaverse
Within the OpenMall ecosystem and its extension into the metaverse, the OPEN Token is the utility token required for the blockchain access, NFT purchases, and reward systems. Additionally, it is used to make purchases and payments for goods and services in the 3D version and in the interaction with the physical stores of participating brands through a specific point of sale (POS) system.



Technical Note
The Relationship between OPEN Token
and OMM
Open Token
The OPEN Token is a utility token based on the Ethereum ERC-20 smart contract standard.
OMM
OpenMall Metaverse (OMM) is a global platform based on the Polygon layer 2 of the Ethereum Blockchain.
OMM utilizes the Polygon blockchain to decentralize all token exchange dynamics among users. For this reason, OMM will allow the entire community to contribute to the project’s development, ensuring the ability to insert their content (e.g., template proposals, skins, etc.) into the NFT Marketplace.