Recommended

#BitcoinOnBTCC ：Celebrate 2024's Crypto Triumphs with Us, Every Day.
Crypto Deposit Make instant crypto transfers to your futures account
USDT-M Perpetual Futures Trade futures contracts settled in USDT
VIP Fee Discounts Enjoy different fee discounts based on your VIP level
Coin-M Perpetual Futures Trade futures contracts settled in cryptocurrency
Fiat Deposit Buy your favourite coins in seconds
Affiliates Invite friends & get rewarded
Convert Covert your crypto instantly
Support Centre Find our FAQs here
Announcements Find all our official announcements
BTCC Academy Learn about blockchain and crypto
News The latest trends in the crypto market

Promotions

Referral
Campaigns
Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register
Cryptocurrency Q&A What is a native token?

What is a native token?

Michele Michele Sun Jun 23 2024 | 7 answers 1641
I don't understand this question. Could you please assist me in answering it? What is a native token?
native token definition cryptocurrency

7 answers

CryptoDynasty CryptoDynasty Tue Jun 25 2024
Native tokens serve as the fundamental digital currency of a blockchain.

Was this helpful?

394
47
SsangyongSpiritedStrengthCourage SsangyongSpiritedStrengthCourage Tue Jun 25 2024
Each blockchain possesses its unique native coin.

Was this helpful?

59
75
Riccardo Riccardo Tue Jun 25 2024
This native coin is employed to reward miners and validators for their contributions to the blockchain.

Was this helpful?

150
97
CryptoPioneer CryptoPioneer Tue Jun 25 2024
Specifically, miners and validators are rewarded with the native coin when they successfully add blocks to the blockchain.

Was this helpful?

166
32
CryptoEmpireGuard CryptoEmpireGuard Mon Jun 24 2024
Additionally, the native coin is used for payments within the blockchain ecosystem.

Was this helpful?

297
94
Load 5 more related questions

Related questions

  1. What is pulsechain's native token $PLS?
  2. What is the native token vrtx of the vertex protocol used for?
  3. What is the difference between native token and native coin?

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Topics at Cryptocurrency Q&A

cryptocurrency bitcoin question buy crypto price definition worth finance how to

The World's Leading Crypto Trading Platform

Get my welcome gifts

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service
Social Media

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2024 BTCC.com. All rights reserved