SZO Token Explained: Here’s Everything You Need to Know

“Disclaimer: The Capital has received payment in exchange for writing this article”Anyone who keeps up with the crypto world will admit that digital currencies keep increasing by the day. Staying ahead of every digital token becomes nearly impossible. For this reason, token reviews become crucial to enthusiasts who are continuously looking for new assets to add to their crypto portfolios.This article reviews one of the relatively new players in the crypto scene; the SZO token. Keep reading to find out what it is, how you can get it, and what projects it powers, so you have some insightful information to help you decide whether to onboard the project.SZO is an ERC-20 utility token that’s native to the ShuttleOne.Network. It is used as an incentive and security token for token holders and liquidity suppliers on the network. The token is the ecosystem’s currency that merchants and consumers use to pay for platform fees if using any ShuttleOne services. The system offers these services through a network of partners in the banking, accounting, fintech, and cross-border trade sectors.SZO token holders get to enjoy higher interest rates, thanks to real-world assets collaterals. ShuttleOne loans out growth funds and working capital to businesses in need. In return, the businesses usually collateralize their tangible world assets, which may be commodities, purchase orders, or other assets, thus generating higher interest returns.The token follows a burn and mint mechanism. Therefore, whenever a loan transaction is completed on the network, SZO tokens are minted and burned.The token’s functionality structure follows that of Ethereum and Bitcoin. The token supply is capped at 230,000,000 SZO, and currently, there are 133,200,000 unminted tokens. This represents 57.19% of the total supply, which will join the coins in circulation whenever network users perform a transaction.One of the unique approaches of the token is…