Mystiko.Network Launches Mystiko DAO and Introduces vXZK Token

According to Odaily, Mystiko.Network has announced the launch of Mystiko DAO and the introduction of the encapsulated XZK token, vXZK. The XZK token was created as an operational utility and governance token for Mystiko.Network. vXZK serves as a voting encapsulated token for XZK, supporting a 1:1 ratio for exchanging your XZK tokens into vXZK. It also allows for vXZK to be exchanged back to XZK at any time. vXZK follows a minting and burning model: depositing one XZK mints one vXZK, and withdrawing one XZK burns one vXZK. This model prevents the over-issuance of voting tokens. The introduction of vXZK is a significant step for Mystiko.Network, as it enhances the governance and operational utility of the platform.