Coin & Tokens
Swisstronik Coin (SWTR)
SWTR is the designated currency for three essential functions within the Swisstronik ecosystem:
Staking: SWTR is used for staking, which involves holding and locking coins to support the security and operation of the Proof-of-Stake chain.
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.
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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