Question 1

What is LONG (LONG)?

Accepted Answer

LONG is the utility token used within the Belong.net ecosystem. Its primary on-chain role is connected to the Belong CheckIn product for venue check-ins, referrals and settlement flows. In that context, LONG sits alongside a stablecoin used for venue budget deposits and is used as an option for payment and settlement when venues, customers or promoters interact with the system.

Belong CheckIn is designed to record venue-defined actions such as approved check-ins and spending outcomes and settle the resulting transfers on-chain. It uses escrowed deposits, on-chain credit representations for accounting and an authorisation flow where actions are accepted only when they meet the platform’s approval rules.

Question 2

What is LONG (LONG) used for?

Accepted Answer

Within Belong CheckIn, LONG is used for:
- **Customer payments at participating venues** as an alternative to paying in the stablecoin used for deposits.
- **Discount and subsidy mechanics** where paying in LONG can trigger different pricing outcomes depending on venue configuration.
- **Promoter payouts** where promoters can be paid in LONG depending on how a venue chooses to settle.
- **Staking-based fee tiers** where staking is used to determine the fee tier applied to certain operations.
- **Protocol revenue handling** where parts of collected fees can be exchanged into LONG and removed from circulation through a burn process, based on configured parameters.

Question 3

Who created LONG (LONG)?

Accepted Answer

LONG is associated with the Belong.net project founded by **Jay Jideliov**.

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