The SPICE Fee Tokenomics
The SPICE token has several use cases. Foremost, it is a governance token that enables the SPICE DAO and enables its holders to submit proposals and vote on proposals that pertain to issues surrounding the DAO itself as well as to governance of the index products that SPICE DAO launches.
The SPICE token has another utility: it acts as a substitute for management fees and integrates SPICE index products with the SPICE DAO. Management fees, as known from ETFs reduce the yield of the product and only benefit the issuer of the ETF. Holders of SPICE benefit from the value creation in SPICE indices and vice versa, SPICE indices benefit from an interest in SPICE. As a SPICE holder and SPICE index holder, you are rewarded by the success of the community.