# WAN coin

The WAN coin is the native asset of the Wanchain L1 Blockchain. WAN coins enable several functions including regular transactions and smart contract interactions on the [Wanchain L1 Blockchain](https://docs.wanchain.org/cross-chain-infrastructure/broken-reference). A small amount of WAN is burned alongside every transaction. WAN coin’s max supply is 210,000,000. 

WAN coins also have utility beyond the Wanchain L1 Blockchain. For instance:

* WAN coins can be staked to deploy Wanchain PoS Validator Nodes
* WAN coins can be [delegated](https://docs.wanchain.org/products/xstake) to existing Wanchain PoS Validator Nodes 
* WAN coins can be staked to deploy Wanchain Bridge Nodes
* WAN coins can be [delegated](https://docs.wanchain.org/products/xstake) to existing Wanchain Bridge Nodes
* WAN coins can be used to propose and vote on Community Treasury proposal \[in development]

Additionally, holding or [staking](https://docs.wanchain.org/products/xstake) WAN coins grants discounts on cross-chain transactions. Fees collected from all cross-chain transactions are also converted to WAN coins programatically via Wanchain's Convert n' Burn mechanism. A portion of these are burned.