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Native Token

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Native Token

NT

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Last Updated

May 25, 2022, 23:53 UTC

Created On

May 25, 2022, 23:53 UTC

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Overview

Native token refers to a cryptocurrency token that is an integral part of its parent network and that is created during the network's genesis. Through the power of smart contracts modern cryptocurrency networks can host in theory an infinite number of tokens however each network only has one native token. Native tokens typically are used for specific functions of their parent network such as for paying gas fees or used for network governance.

 

NetworkNative Token
Flare Network$FLR
Songbird Network$SGB

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Mar 10, 2022

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Native token refers to a cryptocurr...

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