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itemtype="https://schema.org/ListItem" class="breadcrumbs__item breadcrumbs__item--active"><span class="breadcrumbs__link" itemprop="name">JKL Token</span><meta itemprop="position" content="2"></li></ul></nav><div class="tocCollapsible_ETCw theme-doc-toc-mobile tocMobile_ITEo"><button type="button" class="clean-btn tocCollapsibleButton_TO0P">On this page</button></div><div class="theme-doc-markdown markdown"><h1>JKL Token</h1><h2 class="anchor anchorWithStickyNavbar_LWe7" id="overview">Overview<a href="#overview" class="hash-link" aria-label="Direct link to Overview" title="Direct link to Overview"></a></h2><p>The JKL token is an inflationary token that powers the Jackal Protocol. It has numerous use cases within the ecosystem, ensuring its utility and importance. In this documentation, we will outline the main use cases of the JKL token and explain its role in the Jackal Protocol ecosystem.</p><h2 class="anchor anchorWithStickyNavbar_LWe7" id="use-cases">Use Cases<a href="#use-cases" class="hash-link" aria-label="Direct link to Use Cases" title="Direct link to Use Cases"></a></h2><h3 class="anchor anchorWithStickyNavbar_LWe7" id="dapps">dApps<a href="#dapps" class="hash-link" aria-label="Direct link to dApps" title="Direct link to dApps"></a></h3><p>Applications built leveraging the Jackal Protocol, such as Jackal Storage and the RNS Marketplace, may choose to include the JKL token to expand its utility.</p><h3 class="anchor anchorWithStickyNavbar_LWe7" id="securing-the-network">Securing the Network<a href="#securing-the-network" class="hash-link" aria-label="Direct link to Securing the Network" title="Direct link to Securing the Network"></a></h3><p>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 bonded tokens.</p><h3 class="anchor anchorWithStickyNavbar_LWe7" id="transaction-fees">Transaction Fees<a href="#transaction-fees" class="hash-link" aria-label="Direct link to Transaction Fees" title="Direct link to Transaction Fees"></a></h3><p>Transactions on the Jackal Protocol must be paid for using JKL. As the protocol is PoS, the cost of transactions is inexpensive.</p><h3 class="anchor anchorWithStickyNavbar_LWe7" id="governance">Governance<a href="#governance" class="hash-link" aria-label="Direct link to Governance" title="Direct link to Governance"></a></h3><p>Staked tokens grant on-chain governance participation within the Jackal Protocol to vote on text, software, spend, and other governance proposals.</p><h3 class="anchor anchorWithStickyNavbar_LWe7" id="collateral">Collateral<a href="#collateral" class="hash-link" aria-label="Direct link to Collateral" title="Direct link to Collateral"></a></h3><p>The JKL token can act as collateral for validators, storage providers, and other smart contract use cases.</p><h3 class="anchor anchorWithStickyNavbar_LWe7" id="liquidity-provision">Liquidity Provision<a href="#liquidity-provision" class="hash-link" aria-label="Direct link to Liquidity Provision" title="Direct link to Liquidity Provision"></a></h3><p>JKL can be allocated into a liquidity pool to earn rewards.</p><h2 class="anchor anchorWithStickyNavbar_LWe7" id="unique-jkl-token-utility-for-users-and-storage-providers">Unique JKL Token Utility for Users and Storage Providers<a href="#unique-jkl-token-utility-for-users-and-storage-providers" class="hash-link" aria-label="Direct link to Unique JKL Token Utility for Users and Storage Providers" title="Direct link to Unique JKL Token Utility for Users and Storage Providers"></a></h2><h3 class="anchor anchorWithStickyNavbar_LWe7" id="users">Users<a href="#users" class="hash-link" aria-label="Direct link to Users" title="Direct link to Users"></a></h3><p>Users seeking storage solutions can leverage JKL tokens to pay for the storage services provided by storage providers within the Jackal Protocol. By utilizing JKL tokens as a medium of exchange, users can access a decentralized, secure, and censorship-resistant storage infrastructure.</p><h3 class="anchor anchorWithStickyNavbar_LWe7" id="storage-providers">Storage Providers<a href="#storage-providers" class="hash-link" aria-label="Direct link to Storage Providers" title="Direct link to Storage Providers"></a></h3><p>Storage providers are incentivized to offer storage space and maintain a high level of service by earning JKL tokens. By receiving JKL tokens as payment for their services, storage providers can cover the costs of infrastructure, hardware, and bandwidth while potentially profiting from their participation in the ecosystem.</p></div><footer class="theme-doc-footer docusaurus-mt-lg"><div class="theme-doc-footer-edit-meta-row row"><div class="col"><a href="https://github.com/JackalLabs/canine-docs/blob/master/docs/protocol/tokens.md" target="_blank" rel="noreferrer noopener" class="theme-edit-this-page"><svg fill="currentColor" height="20" width="20" viewBox="0 0 40 40" class="iconEdit_Z9Sw" aria-hidden="true"><g><path d="m34.5 11.7l-3 3.1-6.3-6.3 3.1-3q0.5-0.5 1.2-0.5t1.1 0.5l3.9 3.9q0.5 0.4 0.5 1.1t-0.5 1.2z m-29.5 17.1l18.4-18.5 6.3 6.3-18.4 18.4h-6.3v-6.2z"></path></g></svg>Edit this page</a></div><div class="col lastUpdated_vwxv"></div></div></footer></article><nav class="pagination-nav docusaurus-mt-lg" aria-label="Docs pages"><a class="pagination-nav__link pagination-nav__link--prev" href="/docs/protocol/p-o-p"><div class="pagination-nav__sublabel">Previous</div><div class="pagination-nav__label">Jackal Proof-of-Persistence Documentation</div></a><a class="pagination-nav__link pagination-nav__link--next" href="/docs/protocol/encryption"><div class="pagination-nav__sublabel">Next</div><div class="pagination-nav__label">Encryption in Jackal Protocol</div></a></nav></div></div><div class="col col--3"><div class="tableOfContents_bqdL thin-scrollbar theme-doc-toc-desktop"><ul class="table-of-contents table-of-contents__left-border"><li><a href="#overview" class="table-of-contents__link toc-highlight">Overview</a></li><li><a href="#use-cases" class="table-of-contents__link toc-highlight">Use Cases</a><ul><li><a href="#dapps" class="table-of-contents__link toc-highlight">dApps</a></li><li><a href="#securing-the-network" class="table-of-contents__link toc-highlight">Securing the Network</a></li><li><a href="#transaction-fees" class="table-of-contents__link toc-highlight">Transaction Fees</a></li><li><a href="#governance" class="table-of-contents__link toc-highlight">Governance</a></li><li><a href="#collateral" class="table-of-contents__link toc-highlight">Collateral</a></li><li><a href="#liquidity-provision" class="table-of-contents__link toc-highlight">Liquidity Provision</a></li></ul></li><li><a href="#unique-jkl-token-utility-for-users-and-storage-providers" class="table-of-contents__link toc-highlight">Unique JKL Token Utility for Users and Storage Providers</a><ul><li><a href="#users" class="table-of-contents__link toc-highlight">Users</a></li><li><a href="#storage-providers" class="table-of-contents__link toc-highlight">Storage Providers</a></li></ul></li></ul></div></div></div></div></main></div></div><footer class="footer"><div class="container container-fluid"><div class="row footer__links"><div class="col footer__col"><div class="footer__title">Jackal</div><ul class="footer__items clean-list"><li class="footer__item"><a 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