# $RECORD Token

The native token powering ecosystem governance, risk-sharing, and incentive alignment:

* Governance (voting, proposals).
* Risk underwriting via Guard (in progress).
* Credibility signaling within Pools (in progress).
* Collateral commitments from issuers (in progress).

The $RECORD token strategically aligns stakeholder interests, embedding governance directly into the protocol's financial infrastructure.

#### $RECORD as a Multichain Token

$RECORD is deployed as a multichain token powered by LayerZero, an omnichain interoperability protocol that enables native token messaging across blockchains. This allows $RECORD to maintain a single, unified total supply across multiple chains, rather than fragmented wrapped versions.

To ensure seamless, secure movement of $RECORD between supported networks, we use Stargate, the liquidity transport layer built on LayerZero. Stargate facilitates native asset transfers with instant finality, deep liquidity, and minimal slippage.

#### How it works:

1. LayerZero provides the messaging layer for verifying and executing token transfers across chains.
2. Stargate handles the actual bridging of $RECORD tokens using unified liquidity pools.
3. Users can move $RECORD from one chain (e.g., Plume) to another (e.g., Solana or Base) without wrapping or manual mint/burn steps.
4. The RECORD token contract remains fully synchronised across chains, preserving governance and utility wherever the token travels.

#### **$RECORD Contracts**

* #### [Plume Contract](https://phoenix-explorer.plumenetwork.xyz/token/0x3c48130227B657630e5D30F136A8CBB110640aA5?tab=token_transfers)
* #### [Solana Contract](https://solscan.io/token/nMRuwNqQsTt47yyQ5LqDtXgeegvyu5kNvCJQ369KKp5)
* #### [Base Contract](https://basescan.org/address/0xE642657E4F43e6DcF0bd73Ef24008394574Dee28)
* #### [Stargate Bridge](https://stargate.finance/bridge?srcChain=base\&srcToken=0xE642657E4F43e6DcF0bd73Ef24008394574Dee28\&dstChain=plumephoenix\&dstToken=0x3c48130227B657630e5D30F136A8CBB110640aA5)

#### **$RECORD links**

* #### [CoinMarketCap](https://coinmarketcap.com/currencies/music-protocol/)
* #### [CoinGecko](https://www.coingecko.com/en/coins/music-protocol)
* #### [GitHub](https://github.com/orgs/Music-Protocol/repositories)
* #### [Audit](https://certificate.quantstamp.com/full/music-protocol-token-staking-and-dao/3cb260d9-3d7c-47a8-b247-6ca4ce733ab6/index.html)<br>


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