FAQs - Evmos (EVMOS)

Frequently asked questions about Evmos
Written by StakeSeeker
Updated 1 month ago

What is Evmos (EVMOS), and what is it used for?

EVMOS is the underlying token that "fuels" the EVMOS’s ecosystem for transactions. EVMOS is a means to provide governance, secure the blockchain, and provide a reward mechanism for network participants.

What are Evmos's staking rewards?

Staking rewards in the form of native blockchain tokens (EVMOS) are distributed to validators for locking up their cryptocurrencies to a blockchain network to support validator node’s participation in the consensus mechanism and securing the network for a period of time. Refer to the data above for the latest EVMOS staking reward figures.

What are the current use cases of Evmos?

Evmos brings together the best of Ethereum applications and the scalability of the Cosmos Inter-Blockchain Communication protocol.

How is Evmos different from Kava and Akash?

Evmos doesn't focus on a specific niche such as Kava's DeFi or Akash's cloud computing. Rather it strives to be an interoperable network for all new and existing EVM Dapps in the Cosmos ecosystem.

What are the risks of staking EVMOS?

Like many blockchain protocols, the consensus mechanism used by Evmos includes a slashing mechanism whereby any validator that misses too many blocks or double signs a block is penalized by the network, slashing the staked amount on that validator and delegators should be cognizant of these risks.

For more real-time blockchain data and statistics, please visit: 

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