🪙TAN (Native Coin of Tan)

TAN is the native cryptocurrency of the TAN Network, serving as the backbone of our blockchain ecosystem. It plays a crucial role in the network’s operation, incentivizing participants, securing the blockchain, and enabling seamless transactions.

Key Characteristics of TAN

Utility and Functionality: TAN is designed to facilitate a wide range of functions within the TAN Network. From paying transaction fees to staking and governance, TAN is essential for engaging with the network’s features.
Scarcity Through Halving: To maintain scarcity and support value appreciation, TAN follows a halving schedule. Every four years, the block rewards for validators are reduced by half, which decreases the rate at which new TAN coins are introduced into circulation.
Decentralized and Secure: As a (BPoS) blockchain, TAN relies on validators who stake TAN to secure the network. This decentralized approach ensures robust security and minimizes the risk of centralized control or attacks.

Function and Uses of TAN

Transaction Fees: Users pay transaction fees in TAN for operations on the network. These fees compensate validators for processing and verifying transactions, ensuring smooth and efficient blockchain performance.
Staking: TAN holders can stake their coins to become validators or delegate their stake to other validators. Staking helps secure the network and, in return, stakers earn rewards in TAN.
Rewards: Validators and stakers receive TAN as rewards for their contributions to the network’s security and performance. This reward mechanism incentivizes active participation and long-term commitment to the network.
Governance: TAN empowers holders to participate in the governance of the TAN Network. Through a decentralized voting system, TAN holders can propose and vote on changes, ensuring that the network evolves according to the community’s collective decisions.

Advantages of Holding TAN

Economic Incentives: By holding and staking TAN, users can earn additional TAN through network rewards. This creates a positive feedback loop where participants are financially incentivized to contribute to the network’s security and growth.
Active Participation: TAN holders have a direct impact on the network’s development through governance. This democratic approach ensures that the TAN Network evolves in a manner aligned with the community’s interests.
Access to DApps: TAN is used to interact with decentralized applications built on the TAN Network. This includes paying for services, executing smart contracts, and participating in various blockchain-based activities.
Long-Term Value: With a fixed supply and periodic halving, TAN is designed to be deflationary, potentially increasing its value over time. This structure provides an incentive for users to hold TAN as a long-term investment.

Getting Started with TAN

To get started with TAN, users can acquire the coin through various means such as exchanges, staking rewards, or participating in network activities. Once you have TAN, you can start using it for transactions, staking, and governance within the TAN Network.

As the native coin of the TAN blockchain, TAN is more than just a digital asset; it is a vital component that powers the entire ecosystem. Whether you are a user, developer, or investor, TAN provides the tools and incentives needed to fully engage with and benefit from the TAN Network.

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Last updated 4 months ago

Key Characteristics of TAN

Utility and Functionality: TAN is designed to facilitate a wide range of functions within the TAN Network. From paying transaction fees to staking and governance, TAN is essential for engaging with the network’s features.

Scarcity Through Halving: To maintain scarcity and support value appreciation, TAN follows a halving schedule. Every four years, the block rewards for validators are reduced by half, which decreases the rate at which new TAN coins are introduced into circulation.

Decentralized and Secure: As a (BPoS) blockchain, TAN relies on validators who stake TAN to secure the network. This decentralized approach ensures robust security and minimizes the risk of centralized control or attacks.

Function and Uses of TAN

Transaction Fees: Users pay transaction fees in TAN for operations on the network. These fees compensate validators for processing and verifying transactions, ensuring smooth and efficient blockchain performance.

Staking: TAN holders can stake their coins to become validators or delegate their stake to other validators. Staking helps secure the network and, in return, stakers earn rewards in TAN.

Rewards: Validators and stakers receive TAN as rewards for their contributions to the network’s security and performance. This reward mechanism incentivizes active participation and long-term commitment to the network.

Governance: TAN empowers holders to participate in the governance of the TAN Network. Through a decentralized voting system, TAN holders can propose and vote on changes, ensuring that the network evolves according to the community’s collective decisions.

Advantages of Holding TAN

Economic Incentives: By holding and staking TAN, users can earn additional TAN through network rewards. This creates a positive feedback loop where participants are financially incentivized to contribute to the network’s security and growth.

Active Participation: TAN holders have a direct impact on the network’s development through governance. This democratic approach ensures that the TAN Network evolves in a manner aligned with the community’s interests.

Access to DApps: TAN is used to interact with decentralized applications built on the TAN Network. This includes paying for services, executing smart contracts, and participating in various blockchain-based activities.

Long-Term Value: With a fixed supply and periodic halving, TAN is designed to be deflationary, potentially increasing its value over time. This structure provides an incentive for users to hold TAN as a long-term investment.

Getting Started with TAN