$USA Governance Token

What is $USA?

$USA is Manifest's governance token that enables community participation in protocol decisions. Token holders can propose and vote on key protocol decisions, including whether to initiate fees, that shape the future of the Manifest ecosystem.

How is $USA different from $USH?

While $USH represents investment exposure to U.S. real estate assets, $USA is purely a governance token. $USH is backed by real-world assets and designed to appreciate with those assets, whereas $USA derives its value from the governance rights it confers over the Manifest protocol, protocol fee distributions, and its role in the broader ecosystem.

What governance rights do $USA holders have?

$USA holders have limited rights to permit Manifest to draw fees from $USH tokenholders and permit Manifest to use that capital to launch other tokens. These rights are designed to empower the governance tokenholders while enabling governance controls that fit within government regulations.

Can I participate in governance without holding $USA?

While direct voting requires holding $USA tokens, we will implement several mechanisms for broader community participation including governance forums for open discussion, temperature checks on proposals before formal voting, and delegation systems that allow $USA holders to delegate their voting rights to community representatives they trust to vote on their behalf. Note that $USH holders have their own voting processes related to specific $USH related questions.

What utility does $USA provide?

Beyond governance rights, $USA provides the opportunity to earn rewards in the form of $USA token buybacks or staking. Future utility may include additional staking opportunities, discounts, and other rewards.

How does $USA contribute to the Manifest ecosystem?

$USA creates alignment between Manifest users, governance participants, and the protocol itself. By decentralizing decision-making through $USA, we ensure the protocol evolves to meet user needs, manages risks effectively, and continues innovating in a sustainable manner. $USA also creates economic incentives for participation in protocol governance and long-term ecosystem growth.