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On this page
  • The LAGOMCHAIN Token (LAGOM)​
  • Types of Assets on LagomChain
  • Cosmos Coins on LagomChain
  • Ethereum-Compatible Tokens & Smart Contracts
  • Unified Token Representation on LagomChain
  1. Concepts

Token

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Last updated 1 month ago

The LAGOMCHAIN Token (LAGOM)​

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 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.

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