$PUSH is a governance token of Ethereum Push Notification Service (EPNS). EPNS is a protocol that enables users to receive notifications and earn $PUSH tokens. With EPNS, smart contracts, services, or Apps can send notifications to their users. The platform was launched by Harsh Rajat and Richa Joshi in January 2020.
This platform consists of four types of users, including service providers (sends notifications), users (want to receive notifications), wallet (receives the notifications), and token holders who influence the activities of the users mentioned above. This explains that those who own the $PUSH token have the power to influence the decisions of the protocol. Hence, $PUSH is referred to as the governance token.
The primary benefits of the $PUSH token are; Governance rights and reward accrual.
Governance rights
With $PUSH, users (token holders) can influence the decisions of the EPNS protocol. This means that the token gives owners the right to define rules between other users. Token holders have the right to vote on decisions involving the staking structure and mechanism and the reward distribution rates. Also, governance votes can affect the structure of fees paid by services, the platform's incentivization, and financial elements, and the DeFi mechanism for the staking pool.
Reward accrual
On the EPNS protocol, fees (DAI or ETH) are accumulated and eventually distributed to the community or subscribers. Remember, EPNS is a platform that enables services to set up channels through which they can send notifications to their users or subscribers. Now, before any service sets up a channel, they are required to pay about 50 DAI into the common staking pool. The accrued fees/DAI are then shared with subscribers. Apart from the staking pool, this protocol has the fee pool and this is tied to $PUSH ownership. The fee pool is the accumulation of all the micro-fees paid by services and it is distributed to the community.