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
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