# What is the 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. A small amount of WAN is burned alongside every transaction. WAN coin’s max supply is 210,000,000. WAN coins 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 to existing Wanchain PoS Validator Nodes * WAN coins can be staked to deploy Wanchain Bridge Nodes * WAN coins can be delegated to existing Wanchain Bridge Nodes * WAN coins serve as collateral to secure all cross-chain transactions * Fees collected from cross-chain transactions are converted to WAN coins --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.wanchain.org/introduction/what-is-the-wan-coin.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.