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).