VALOR token is very similar to Binance’s BNB. Primarily the functions are payment, staking and rewards.
You can pay the fees of the exchange and get discounts from 10-30%. Staking allows the holder to place tokens in their account and to hold them there for 12 months. Issuers stake tokens during their fundraising process and Investors staking 1.000 VALOR get the privilege of a “VALOR PRIME” account. This way you can get early access to upcoming assets, preferred access to oversubscribed listings, voting on the listing of assets and many more benefits.
In summary, SMART VALOR is the European version of Binance.