Token

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 Atto 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

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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.

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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.

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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.

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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.