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PWR Coin Utility

PWR is the native cryptocurrency of the PWR Chain, serving as the primary means of value transfer and transaction within the PWR Chain. It plays a crucial role in the functioning and governance of the network, providing a range of utilities and benefits to users, developers, and enterprises.

Network Security (Validator Nodes & Delegators)​

  • Validators and delegators stake PWR Coin to secure the network.
  • Staking contributes to network integrity and earns rewards.
  • Encourages long-term commitment and aligns incentives with the chain’s health.

Decentralized On-chain Governance​

  • Token holders use PWR Coin to vote on proposals affecting the network.
  • Ensures a transparent and democratic process for protocol upgrades, fee adjustments, and other governance matters.

Transaction Fees​

  • PWR Coin is used to pay transaction fees for network operations.
  • Covers fees for deploying decentralized applications, managing wallet security features, storing data, and enabling cross-chain interoperability.
  • Ensures costs are distributed fairly among users and resources are allocated efficiently.

Additional Fees & Network Services​

  • Proposal Creation & Governance Actions

    • Incur fees when creating or modifying proposals within the governance framework.
    • Ensures that only well-considered changes are introduced to the network.

  • Early Withdrawal

    • Delegator withdrawals undergo a 7-day lock period. Acknowledging that exceptional circumstances may arise, the network allows participants to withdraw staked assets early (4, 5, or 6 days) by accepting a penalty on staked funds, balancing individual liquidity needs with the network’s sustainability.

  • VIDA Claiming & ID Management

    • VIDAs on the PWR Chain require an ID that must be purchased to secure ownership and prevent spam claims.

Staking by Conduit Nodes​

  • Conduit nodes, essential for relaying transactions between VIDAs and the PWR Chain, must also stake PWR Coin.
  • Reinforces network reliability by ensuring nodes are invested in the chain’s security and performance.

Conduit Fee Payments​

  • PWR Coin is used to pay transaction fees when conduits send votes and VIDA requests to PWR Chain.
  • VIDA's reward their conduit nodes with PWR Coin.
  • VIDA's can choose additional forms of assets to reward their conduits (Coins and NFTs), but PWR Coin is the base for rewards.