The EVMOS Token
The denomination used for staking, governance and gas consumption on the EVM is the EVMOS. The EVMOS provides the utility of: securing the Proof-of-Stake chain, token used for governance proposals, distribution of fees to validator and users, and as a mean of gas for running smart contracts on the EVM.
Evmos uses Atto EVMOS as the base denomination to maintain parity with Ethereum. There are three types of assets:
- The native Evmos token
- IBC Coins (via the IBC)
- Ethereum-typed tokens, e.g. ERC-20
1 evmos = 10<sup>18</sup> aevmos
This matches Ethereum denomination of:
1 ETH = 10<sup>18</sup> wei
Accounts can own Cosmos coins in their balance, which are used for operations with other Cosmos and transactions. Examples of these are using the coins for staking, IBC transfers, governance deposits and EVM.
Evmos is compatible with ERC20 tokens and other non-fungible token standards (EIP721, EIP1155) that are natively supported by the EVM.
Evmos Assets Page
Check out how we represent ERC-20 tokens and Cosmos IBC Coins through our Single Token Representation feature on the Evmos Dashboard. Evmos enabled this feature to help with the user experiences by obfuscating the assets types away from the users and allow them to focus on the interaction. The protocol simplifies the process by handling the conversion and users are given the simplification of denomination and the amount of assets they hold. Tokens listed still require governance and registering the tokens (Cosmos or ERC-20).
For more information on how we handle token registration, head over here.