⚒️Utilities

Future proof utilities

Why do we need utilities? Traditionally, protocols would only use a single dominant strategy to try to generate revenue to the protocol while showing some form of activity. They would typically do this by reinvesting their treasury(Cosmik Trust) and distribute the profits. While, we will apportion a certain percentage of the Cosmik Trust for investments via the DAO model, having future proof utilities would be deemed as a more reliable approach for the long term. Why is it a more reliable approach? The traditional method of reinvesting in other forms of DeFi or projects carry a high risk which could jeopardize the procotol's fundamentals. Cosmik, on the other hand, is focusing on creating a service to the influx of new investors in the space as crypto gets more mainstream. These future-proof utilities are specifically chosen to ensure a high adoption rate while lowering the barrier of entry into crypto. Our utilities would allow us to gain market share quickly as the competition in these niches are lower than P2E games and NFTs which are in the trend now. Additionally, our utilities are built with smart contracts. Thus, we do not need to rely on anyone to keep the utilities running. As crypto is still in its infancy, we would expect our utilities to be adopted by the masses - the experienced, the new and the future investors in the space. This would increase the Cosmik brand while bringing constant profits to the protocol and holders.

What are the utilities?

1. Cosmik Swap A multi-lingual swap that is built in the Cosmik Galaxy

2. Cosmik Fiat Low fee Fiat Payment Gateway

3. Cosmik Eduverse A multi-lingual eduverse.