30 lines
1.1 KiB
Markdown
30 lines
1.1 KiB
Markdown
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sidebar_position: 2
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---
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# What is the JKL Token?
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The JKL Token is the native token that powers the infrastructure of the Jackal Protocol and can be applied in a multitude of different ways.
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## dApps
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Applications built on the Jackal Protocol, such as Jackal Storage and the RNS Marketplace may choose to leverage the JKL token to expand its utility.
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## Securing the Network
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As the Jackal Protocol is a Proof-of-Stake (PoS) Cosmos L1 blockchain, JKL can be delegated to validators to secure the network and earn JKL rewards. Otherwise known as staking or staked tokens.
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## Transaction Fees
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Transactions on the Jackal Protocol must be paid for using JKL. As the protocol is PoS, cost of transactions are inexpensive.
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## Governance
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Staked tokens grant on-chain governance participation within the Jackal Protocol to vote on text, software, spend, and other governance proposals.
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## Collateral
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The JKL token can act as collateral for validators, storage providers, and other smart contract usecases.
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## Liquidity Provision
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JKL can be allocated into a liquidity pool to earn JKL rewards.
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