BRIGHT can be used forThe BRIGHT token is at the heart of the Bright Union protocol. It functions as a coordination mechanism through which contributors are rewarded for adding value to the platform. In turn, BRIGHT holders can use their token to vote on important decisions of the platform and manage Bright Union’s treasury. Let’s take a closer look at these unique token utilities.Membership: join the UnionThe BRIGHT token also functions as a proof of membership of the platform and will join the Union. Members enjoy priority access to our regular products and are eligible for Bright Union’s premium services. As the protocol evolves, other membership perks can be added to reward the community.DAO GovernanceUsers who stake BRIGHT tokens can also vote on various important decisions regarding the platform. This is the feature that will ultimately transform Bright Union into a Decentralized Autonomous Organization (DAO). Aspects token holders can vote on include:Governance topics (where the DAO should focus on)Treasury fund allocationParameters for the Bright Risk IndicesParameters for the Liquidity productsNew yield-generating products to be includedThe protocol roadmapBRIGHT StakingBRIGHT holders can lock their tokens on the platform with BRIGHT staking. This reduces the number of tokens in circulation and helps stabilize the Bright Union token economy. In return, stakers can receive rewards for helping out. Because we like to practice what we preach we will be offering embedded coverage with Bright Staking, meaning that staked BRIGHT tokens are protected from hacks and smart contract failures.BRIGHT TreasuryThe treasury of Bright Union is a dynamic pool of capital that will be used to strengthen the economics of the platform and to accelerate the crypto risk markets. This is done by introducing some well functioning principles from real world insurance into the decentralized alternative for insurance (“coverage”). The Bright Treasury will be kickstarted with a significant part of the tokens in circulation, and will keep growing by receiving a part of the commission fees of the Bright Union aggregation modules and the other Bright Union risk products.