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  1. Home
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  3. What are the primary uses of MON?

What are the primary uses of MON?

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  • nihalsariN Offline
    nihalsariN Offline
    nihalsari
    wrote on last edited by
    #1

    2df59262-06e3-4866-8e7c-570636bf606c-20240725_Monad_News_3-1200x675.jpg
    MON serves multiple purposes:

    Transaction fees: Paying for on-chain transactions.

    Staking: Securing the network and earning rewards.

    Governance: Voting on protocol upgrades and network changes.

    Ecosystem access: Using decentralized apps (dApps) and participating in Monad’s financial ecosystem.

    1 Reply Last reply
    1
    • Rimon KhanR Offline
      Rimon KhanR Offline
      Rimon Khan
      wrote on last edited by
      #2

      MON is mainly used for governance, staking, and powering ecosystem utilities.

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      • Nahid HossenN Offline
        Nahid HossenN Offline
        Nahid Hossen
        wrote on last edited by
        #3

        Its use cases are growing as more projects integrate MON into their platforms.

        Nike

        1 Reply Last reply
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