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What is the JKL Token?

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.

dApps​

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.

Securing the Network​

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.

Transaction Fees​

Transactions on the Jackal Protocol must be paid for using JKL. As the protocol is PoS, the cost of transactions is inexpensive.

Governance​

Staked tokens grant on-chain governance participation within the Jackal Protocol to vote on text, software, spending, and other governance proposals.

Collateral​

The JKL token can act as collateral for validators, storage providers, and other smart contract use cases.

Liquidity Provision​

JKL can be allocated into a liquidity pool to earn JKL rewards.