WAN coin
Last updated
Last updated
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. 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 to existing Wanchain PoS Validator Nodes
WAN coins can be staked to deploy Wanchain Bridge Nodes
WAN coins can be to existing Wanchain Bridge Nodes
WAN coins can be used to propose and vote on Community Treasury proposal [in development]
Additionally, holding or 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.