The TNT token refers to the native cryptocurrency of the Tangle network, and serves several key purposes within the Tangle ecosystem:
: TNT token holders can participate in the governance of the Tangle network by proposing or voting on changes to the protocol, system upgrades, and other improvements. This ensures that decision-making power is decentralized and distributed among stakeholders.Staking
: TNT tokens can be staked by validators and nominators to help secure the network. Validators are responsible for validating and producing new blocks, while nominators support validators by selecting them and staking their TNT tokens as a form of backing. Staking helps maintain network security and integrity, and those who participate in staking are rewarded with additional TNT tokens as an incentive.
: Gas is used as a computational unit to measure the cost of transactions and smart contract execution within the EVM integrated through Frontier. TNT tokens can be used to pay for this gas, ensuring that resources on the network are used efficiently and preventing abuse.
: TNT tokens can be used for conducting transactions within the network, serving as the medium of exchange for services, assets, or other tokens. This provides liquidity and facilitates economic activity on the Tangle network.The TNT token refers to the native cryptocurrency of the Tangle network.