What is cspr coin for?

Casper (CSPR) coin is the native token of the Casper network. Its functions include: transaction medium, mortgage rights, governance rights, network incentives, protocol fees, liquidity, and in-application currency.

The role of CSPR coin

CSPR coin is the native token of the Casper network. It plays many roles in the network. A key role:

1. Transaction medium:

CSPR coins can be used to pay transaction fees on the Casper network, thereby achieving value transfer.

2. Mortgage equity:

Token holders can mortgage their CSPR coins to become a validator, verify transactions and receive rewards. The larger the stake, the more rewards the validator receives.

3. Governance rights:

CSPR currency holders can participate in network governance, vote on proposals and influence the development direction of the Casper network.

4. Network incentives:

CSPR coins incentivize validators to participate in the network, ensuring transactions are securely verified and preventing malicious behavior.

5. Protocol fees:

The network uses CSPR coins as protocol fees to pay for network maintenance, development, and community programs.

6. Liquidity:

CSPR Coin is listed on multiple cryptocurrency exchanges, providing liquidity and allowing users to trade easily.

7. In-App Currency:

Some applications built on the Casper network may use CSPR coins as their internal currency for the purchase of goods and services.

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