Tokens

Learn about the the different types of tokens available in Kynno. {synopsis}

Introduction

Kynno is a Cosmos-based chain with full Ethereum Virtual Machine (EVM) support. Because of this architecture, tokens and assets in the network may come from different independent sources.

The KYNNO Token

The denomination used for staking, governance and gas consumption on the EVM is the KYN. The KYN provides the utility of: securing the Proof-of-Stake chain, token used for governance proposals, distribution of fees to validator and users, and as a mean of gas for running smart contracts on the EVM.

Kynno uses Atto KYN as the base denomination to maintain parity with Ethereum.

1 kyn = 1018 akynno

This matches Ethereum denomination of:

1 ETH = 1018 wei

Cosmos Coins

Accounts can own Cosmos coins in their balance, which are used for operations with other Cosmos and transactions. Examples of these are using the coins for staking, IBC transfers, governance deposits and EVM.

EVM Tokens

Kynno is compatible with ERC20 tokens and other non-fungible token standards (EIP721, EIP1155) that are natively supported by the EVM.