Wanchain

WAN serves as the native token of the Wanchain ecosystem and plays a vital role in various activities within the network. It is primarily used for staking, where token holders can lock their WAN tokens to participate in the consensus mechanism and secure the network. Stakers are rewarded with additional WAN tokens for their contribution to network security.

In addition to staking, WAN tokens can be used for transaction fees, governance participation, and accessing services and applications built on the Wanchain platform. The token also facilitates cross-chain transactions by serving as a medium of exchange between different blockchains integrated with Wanchain.