1.4 KiB
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Tokens
JKL or Jackal
JKL is an inflationary token that powers the Jackal Protocol. The JKL Token has many usecases. Some of these use cases are below.
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dApps - 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.
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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 bonded tokens.
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Transaction Fees - 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 - 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 - The JKL token can act as collateral for validators, storage providers, and other smart contract usecases.
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Liquidity Provision - JKL can be allocated into a liquidity pool to earn rewards.
JWL or Jewel
JWL is an L1 store-of-value token native to the Canine Blockchain. JWL tokens are immutable, meaning they can never be created, changed or destroyed. There is a finite amount of JWL that will be minted at the chains genesis. Currently, there is no utility for the JWL token and it should be treated as such.