50 lines
1.8 KiB
Markdown
50 lines
1.8 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 driving force behind the revolutionary Jackal Protocol. This versatile native token seamlessly
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integrates with the ecosystem, unlocking endless possibilities for users, developers, and enterprises alike.
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## What Does The JKL Token Do?
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### Fueling dApps
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JKL Token plays a pivotal role in applications built on the Jackal Protocol, such as Jackal Storage and the RNS
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Marketplace. By harnessing the power of JKL, these applications can unlock new potentials and further enhance their
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utility.
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### Network Security
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At its core, the Jackal Protocol is a Proof-of-Stake (PoS) Cosmos L1 blockchain, relying on JKL delegation to validators
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for network security. Stake your JKL tokens and contribute to securing the network while earning rewards.
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### Affordable Transactions
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With JKL, transaction fees on the Jackal Protocol are incredibly cost-effective, ensuring that users have an affordable
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and seamless experience.
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### Governance
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Staked JKL tokens grant you the power to participate in on-chain governance within the Jackal Protocol. Make your voice
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heard by voting on text, software, spending, and other critical governance proposals.
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### Collateral
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The JKL token serves as versatile collateral for validators, storage providers, and various smart contract use cases,
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unlocking new possibilities for users and developers.
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### Liquidity
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Put your JKL tokens to work by allocating them into a liquidity pool and earn JKL rewards in return. Contribute to the
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ecosystem while reaping the benefits of your investment.
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### Data Storage
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The JKL token serves as the primary medium of exchange for accessing data storage within the Jackal Protocol, ensuring a
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smooth and efficient market for users and storage providers alike.
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