Cryptocurrency Q&A
What is Karura token?
What is Karura token?
Silvia
Tue Nov 05 2024
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7 answers
1802
Karura token, denoted as KAR, is the native token of the Karura network. With a fixed total supply of 100 million tokens, KAR plays a pivotal role in the network's economy, serving as a medium for transaction fees, collateral for smart contracts and runtime module deployment, incentives for node operators, and a tool for network and protocol governance.
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7 answers
CryptoWarrior
Wed Nov 06 2024
Smart contracts on Karura can be executed using KAR tokens.
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Federico
Wed Nov 06 2024
The Karura platform leverages KAR as its native utility token.
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LightningStrike
Wed Nov 06 2024
Beyond transactional uses, KAR also functions as a governance token.
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Federico
Wed Nov 06 2024
It grants the community the power to vote on platform-related matters.
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CryptoAlchemy
Wed Nov 06 2024
This token serves as the backbone of the DeFi hub within the Kusama ecosystem.
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