What is augmented finance token (AGF)?

Augmented Finance token (AGF) is the native token of the Augmented Finance ecosystem and the foundation of economics, governance, and safety for the protocol: A user can lock AGF for a period from 1 week to 4 years, and receive xAGF to unlock the following use cases: staked agTokens (Augmented Finance's interest-bearing tokens)

What is a token?

The tokens concept is used, in some sense, as a short-hand for digital units of value that can be transferred anonymously, and offers a generic description for how that might happen (authenticating an "object").

How does augmented finance staking work?

Stake agTokens: supply the supported assets to the protocol, stake your agTokens (Augmented Finance’s interest-bearing tokens) to Augmented Finance’s staking module, receive more AGF and increase the safety of the Augmented Finance protocol. Stake: lockup AGF for a period from 1 week to 4 years to receive xAGF and receive staking rewards.

Is token money a coin?

Technically, it is a coin, but it has no legal significance. Therefore, it is being discussed in the context of currency tokens. tokens [ii], which were the traditional form of cryptocurrency or virtual currency at its inception. What Is Token Money?