The PHONON token is an ERC-20 token that lives on the Ethereum network. The DAO utilizes the PHONON token within its governance structure
and is used to verify DAO members’ authenticity. It’s used for voting purposes
and rewards, such as protocol development, grants, bounties and community involvement. The PHONON token’s future uses include, collateral against bad actors within the manufacturers of Phonon compatible hardware (i.e. smartcards) and utilization as a bidding mechanism for mining-enabled Phonon cards (Details about mining will be announced in the near-term future).