Summit Koda Token (KODA) is an up-to-date cryptocurrency developed and created by the Summit BC development team. The team's primary goal behind the KODA token is to make the coin a transactive currency, whereby users can swap KODA for products as an alternative currency.

Users can earn passive rewards by holding the token and get further rewarded by staking the KODA token. According to the whitepaper, the team behind the KODA token aims to have as primary objectives securing the people's trust, educating more people about cryptocurrency, and ensuring the ease of use of the token. The team believes that trading in cryptocurrencies may be difficult. Therefore, Summit BC aims to provide users with a positive and easy experience on their cross-chain trading platform, SummitSwap. The token KODA seeks to simplify the concept of cryptocurrency.

The KODA token aims to have the feature of automatic liquidity. This feature seeks to enable the generation of wealth by locking liquidity in every transaction of KODA. The token aims to attribute reflective static rewards, whereby owning and holding KODA generates rewards through static reflection. Through this feature, the KODA balance aims to increase with every transaction.

The team also seeks to ensure the security of the KODA token, as all KODA projects are audited professionally. Moreover, any development of the project is approved by renowned audited firms to aim to encourage reliability and security to the community members. The majority of the original supply of KODA tokens is burned. Coin burning refers to reducing tokens in circulation to adjust the value of the cryptocurrency over time.

The KODA token was launched in 2021. The team is managed by James Gale, who is also the CEO and founder of Summit.

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