Learn More About Evmos
What is Evmos (EVMOS), and what is it used for?
EVMOS is the underlying token that “fuels” the EVMOS’s ecosystem for transactions. EVMOS is a means to provide governance, secure the blockchain, and provide a reward mechanism for network participants.
Is staking Evmos secure?
When EVMOS is staked, it’s actually being delegated to a validator. . Similar to staking tokens on any other protocol, staking EVMOS comes with certain risks. If any downtime is experienced, or if a validator misses another part of the necessary requirements, then a percentage of the staked EVMOS can be lost as a penalty (known as “slashing”).
What are Evmos staking rewards?
Staking rewards in the form of native blockchain tokens (EVMOS) are distributed to validators for locking up their cryptocurrencies to a blockchain network to support validator node’s participation in the consensus mechanism and securing the network for a period of time. Refer to the data above for the latest EVMOS staking reward figures.
What are the current use cases for Evmos?
Evmos brings together the best of Ethereum applications and the scalability of the Cosmos Inter-Blockchain Communication protocol.