# Token

### The LAGOMCHAIN Token (LAGOM)[​](https://docs.lagomchain.com/concepts/broken-reference) <a href="#the-evmos-token" id="the-evmos-token"></a>

The LAGOM token is the native asset of LagomChain, used for:

* Staking – Securing the network through Proof-of-Stake.
* Governance – Participating in on-chain governance proposals.
* Gas Fees – Paying transaction fees for executing smart contracts on the EVM.
* Validator & User Rewards – Distributing fees collected from network activity.

LagomChain uses [Atto](https://en.wikipedia.org/wiki/Metric_prefix) LAGOM as the smallest denomination to maintain parity with Ethereum.

#### **Denomination Structure**

```
CopyEdit1 LAGOM = 10¹⁸ aLAGOM
```

This follows Ethereum’s denomination model:

```
CopyEdit1 ETH = 10¹⁸ wei
```

***

## **Types of Assets on LagomChain**

LagomChain supports multiple asset types, enabling seamless interaction between the Cosmos ecosystem and Ethereum-compatible tokens.

#### 1. Native LAGOM Token

The primary utility token used for staking, governance, and gas fees.

#### 2. IBC Coins (Inter-Blockchain Communication)

LagomChain enables cross-chain asset transfers via IBC, allowing users to interact with other Cosmos-based blockchains.

#### 3. Ethereum-Compatible Tokens

LagomChain supports Ethereum’s token standards, including:

* ERC-20 – Fungible tokens.
* ERC-721 – Non-fungible tokens (NFTs).
* ERC-1155 – Multi-token standard.

***

## Cosmos Coins on LagomChain

LagomChain allows users to hold Cosmos-native coins, which can be used for:

* Staking on the LagomChain network.
* Governance deposits for protocol proposals.
* IBC Transfers between LagomChain and other Cosmos blockchains.
* Gas fees for executing transactions on both Cosmos and EVM modules.

***

## Ethereum-Compatible Tokens & Smart Contracts

LagomChain is fully compatible with Ethereum’s token standards, enabling:

* Deployment and interaction with ERC-20 tokens.
* Support for NFT standards (ERC-721, ERC-1155).
* Seamless token transfers between Ethereum and LagomChain.

***

## Unified Token Representation on LagomChain

LagomChain introduces a Single Token Representation feature to improve user experience. This simplifies how ERC-20 tokens and IBC coins are displayed, making asset management more intuitive.

Key Benefits:

* Users do not need to differentiate between Cosmos-based and Ethereum-based tokens.
* The protocol automatically handles conversions, ensuring smooth interaction.
* Token registration is required for governance approval before assets are listed.

For more details on token registration and management, visit the LagomChain Assets Page.