Native Token

Phoschain features its own cryptocurrency, "PHOS," which acts as the network's principal means of value transfer. Furthermore, PHOS may be staked to participate in the consensus process and earn reward

Transaction Fees: PhoChain blockchains frequently require users to pay transaction fees in the native token when submitting transactions or executing smart contracts to avoid spam and ensure network security.

Staking and Consensus: Native tokens are staked by validators or delegators in blockchain networks that employ Proof of Stake (PoS) or Delegated Proof of Stake (DPoS) as their consensus mechanism to participate in block generation and validation.