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How To Buy EVMOS Coin For Beginners?

What Is EVMOS

Evmos is a decentralized proof of stake blockchain in the Cosmos ecosystem. It is Ethereum Virtual Machine (EVM)-based, meaning it is fully compatible with the Ethereum network. Evmos is the one of the first Ethereum Virtual Machine-based blockchains in the Cosmos ecosystem and enables developers to launch apps that run smart contracts across any number of EVM and Cosmos-based blockchains. It makes that process as simple and seamless as possible by allowing developers to continue creating apps in Solidity and Vyper like they’re accustomed to in the Ethereum ecosystem. Evmos opens a new frontier for blockchain applications, expanding the functionality of the EVM by enabling cross-chain applications that tap the liquidity and user bases of multiple blockchain ecosystems to provide more unified experiences.

 

What Is EVMOS Coin

The denomination used for staking, governance and gas consumption on the EVM is the EVMOS coin. 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.


Any EVMOS coin holder can submit, or vote on, a proposal to use funds from the Evmos Community Pool using the protocol’s governance module. The Community Pool will receive 10% of the tokens minted in each epoch. EVMOS coin will have an initial supply of 200 million tokens at genesis, split between the Rektdrop participants, the community pool and a strategic reserve. Evmos is highly inflationary at the beginning, with over 300 million tokens being issued during the first year. EVMOS coin is compatible with ERC20 tokens and other non-fungible token standards (EIP721, EIP1155) that are natively supported by the EVM.


Key Features Of EVMOS

lWeb3 and EVM compatibility

lHigh throughput via  Tend而mint core

lHorizontal scalability via IBC

lFast transaction finality

The sum of these features allows developers to leverage existing Ethereum ecosystem tooling and software to seamlessly deploy smart contracts which interact with the rest of the Cosmos ecosystem.


Where To Buy EVMOS Coin?

You can trade EVMOS Coin on Binance, Bitfinex, Coinbase and FTX. Popular trading pairs for EVMOS Coin in the market includes EVMOS/USD, EVMOS/CAD, EVMOS/EUR, EVMOS/PHP, EVMOS/INR, and EVMOS/IDR.


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Disclaimer: Cryptocurrency investment is subject to high market risk. TOPSINMETA is not responsible for any of your trading losses. The opinions and statements made above should not be considered financial advice.