Native Tokens

Native tokens are digital assets that are created natively on a blockchain network. They hold inherent value within that network and serve various purposes:

1. Medium of Exchange: Native tokens often function as a medium of exchange for goods and services within the blockchain ecosystem.
2. Staking and Governance: They play a role in staking, where users lock up tokens to participate in network validation or governance decisions.
3. Network Utility: Native tokens may grant access to specific features, resources, or functionalities within the blockchain.

Here are some notable examples of native tokens:

• Bitcoin (BTC): The original cryptocurrency, created for peer-to-peer transactions and store of value.
• Ether (ETH): The native token of the Ethereum network, used for smart contracts, DApps, and gas fees.
• Binance Coin (BNB): Native to the Binance Smart Chain, it facilitates transactions and provides utility within the Binance ecosystem.
• Cardano’s native token (ADA): ADA powers the Cardano blockchain and is used for staking and governance.
• USDC: Although initially not considered native, USDC (a stablecoin pegged to the dollar) is now minted on multiple blockchains, making it native to many chains.

Remember, native tokens are an integral part of blockchain ecosystems, enabling functionality and driving innovation.