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The DOWS token serves as the native token for Shadows Network. By locking DOWS collateral into a smart contract, users can issue synthetic assets on the Shadows Network system. The utility of the DOWS token is evident in various aspects, including transaction rewards, collateralized lending, synthetic asset rewards, staking rewards, the destruction mechanism, and system governance.
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What is Shadows Network?
Shadows Network is the underlying network for the DeFi synthetic asset issuance agreement and synthetic asset trading based on Substrate, the backbone of the web 3.0 store of value that will enable the free trading of on-chain assets by anyone, anywhere. The Shadows DApp allows market participants to issue synthesized products by providing collateral. Synthetic assets on the Shadows Network system are underwritten by the native token $DOWS, and can be issued by locking the $DOWS collateral into a smart contract.
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