Question 1

What is MOLO CHAIN (MOLO)?

Accepted Answer

MOLO CHAIN is presented as a blockchain-based logistics project focused on freight management, shipment tracking, route optimisation and settlement between supply chain participants (such as shippers, carriers and brokers). It also describes an on-chain governance process where token holders can vote on ecosystem parameters and upgrades.

Within this setup, **MOLO** is a BEP-20 utility and governance token on BNB Smart Chain and is intended to be used as the token for activity across the Molochain ecosystem.

Question 2

What is MOLO CHAIN (MOLO) used for?

Accepted Answer

The project outlines the following uses for MOLO within the ecosystem:
- **Transaction settlement**: paying for freight-related payments, carrier settlements and platform service fees.
- **Governance**: voting on proposals such as fee structures, ecosystem fund allocation and protocol upgrades.
- **Staking**: staking MOLO to support shipment data validation and network security, with rewards funded from platform fees.
- **Token burning**: burning a portion of platform transaction fees under the project’s fee model, alongside additional burn functionality referenced for the token.
- **Access and licensing**: payments for access to premium platform features, including tools referenced for routing and analytics.