Swisstronik Docs
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    • What is Swisstronik?
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    • Intel SGX
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      • On-Chain Proposal
      • Formatting a Proposal
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      • MetaMask (EVM) - Manual
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      • Testnet MetaMask (EVM) - Manual
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      • Installation
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      • Contract deployment - Hardhat
        • 1. Setting up the Hardhat environment
        • 2. Configure hardhat.config.js
        • 3. Write and compile the smart contract
        • 4. Deploy the smart contract
        • 5. Interact with the contract - Transaction
        • 6. Interact with the contract - Call
      • Contract deployment - Remix IDE
      • Deployment & Interaction PERC-20
        • ERC-20 & PERC-20
        • Sample PERC20 contract
        • Deployment & Interaction with contract
        • How to use encryption
      • Contract verification
      • SDI for dapp developers
    • Local testnet
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  • 🖥️Node setup
    • Setup SGX
      • Supported Hardware
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      • Mainnet
      • Testnet
        • Install from .deb package
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          • Swisstronik v3 Testnet
          • Swisstronik v4 Testnet
          • Swisstronik v5 Testnet
          • Swisstronik v5.1 Testnet
          • Swisstronik v6 Testnet
          • Swisstronik v7 Testnet
          • Swisstronik v8 Testnet
        • Seed Node
        • Live Peers
        • Genesis Mirror Download
    • CLI Cheatsheet
  • 🤝Delegators
    • What is a delegator?
    • Delegator Guide (CLI)
    • Delegators Security
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  • Swisstronik Coin​ (SWTR)
  • Cosmos Coins​
  1. General

Coin & Tokens

PreviousGas and FeesNextEndpoints

Last updated 10 months ago

Swisstronik Coin (SWTR)

SWTR is the designated currency for three essential functions within the Swisstronik ecosystem:

  1. Staking: SWTR is used for staking, which involves holding and locking coins to support the security and operation of the Proof-of-Stake chain.

  2. Governance: SWTR serves as a governance token, enabling token holders to participate in decision-making processes by proposing and voting on changes or improvements to the ecosystem.

  3. Gas Consumption: SWTR acts as gas for running smart contracts on the EVM, allowing users to execute transactions and interact with decentralized applications within the Swisstronik ecosystem.

Swisstronik uses the base denomination of aswtr to align with Ethereum's standard, there are three types of assets in the ecosystem:

  • The native Swisstronik coin (SWTR)

  • Swisstronik-typed tokens, e.g PERC-20 (With signature verification in all the functions)

  • Ethereum-typed tokens, e.g. ERC-20 (Standard ERC20 token)

1 SWTR = 10^18 aSWTR

This matches the Ethereum denomination of:

1 ETH = 10^18 WEI

Cosmos Coins

Accounts can own Cosmos coins(e.g. ATOM) in their balance, which are used for operations with other Cosmos blockchains and transactions. Examples of these are using coins for staking, Inter-Blockchain Communication (IBC) transfers, governance deposits, and EVM.

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