LEARN ABOUT THE

JKL TOKEN

The utility token powering the Jackal Protocol ecosystem.

Get JKL

Why Does the Jackal Token Exist?

JKL is the commodity that powers and secures the entirety of Jackal Protocol.

Applications built on Jackal Protocol, such as Jackal Storage and the RNS Marketplace may choose to leverage the JKL token to expand its utility.

As the Jackal Protocol is a Proof-of-Stake (PoS) Cosmos L1 blockchain, JKL can be delegated to validators to secure the network and earn JKL rewards. Otherwise known as staking or staked tokens.

Staked tokens grant on-chain governance participation within the Jackal Protocol to vote on text, software, spend, and other governance proposals.

Transactions on the Jackal Protocol must be paid for using JKL. As the protocol is PoS, cost of transactions are inexpensive.

The JKL token can act as collateral for validators, storage providers, and other smart contract use cases.

JKL can be allocated into a liquidity pool to earn JKL rewards.

LEARN ABOUT THE

JKL TOKEN

The utility token powering the Jackal Protocol ecosystem.

Get JKL

Why Does the Jackal Token Exist?

JKL is the commodity that powers and secures the entirety of Jackal Protocol.

Stake Your Tokens

Stake your JKL tokens from the Jackal Dashboard

Stake

Stake Your Tokens

Stake your JKL tokens from the Jackal Dashboard

Stake

Additional Information

If you possess JKL tokens, you can temporarily lock them away to secure the protocol, this is called staking or delegating. In exchange for securing the network with your tokens, you receive rewards and the ability to vote on the Protocol’s future. These rewards come from newly generated JKL tokens and transaction fees.

It should be noted that staking or delegating is not risk free, this is why it is important to learn about the risks and participate in sustainable staking practices.

To decrease risk, it’s recommended that you do research on validators and select one you trust as well as delegate to multiple validators.

Slashing by 0.01%

Occurs if the validator you delegate to is offline for too long.

Slashing by 5%

Occurs if the validator signs two different blocks at the same block height. This is often caused by bad validator operation practices or malicious intent by the validator.

Additional Information

If you posess JKL tokens, you can temporarily lock them away to secure the protocol, this is called staking or delegating. In exchange for securing the network with your tokens, you recieve rewards and the ability to vote on the Protocol’s future. These rewards come from newly generated JKL tokens and transaction fees.

It should be noted that staking or delegating is not risk free, this is why it is important to learn about the risks and participate in sustainable staking practices.

To decrease risk, it’s recommended that you do research on validators and select one you trust as well as delegate to multiple validators.

Slashing by 0.01%

Occurs if the validator you delegate to is offline for too long.

Slashing by 5%

Occurs if the validator signs two different blocks at the same block height. This is often caused by bad validator operation practices or malicious intent by the validator.

LEARN MORE

Read the Jackal
Economics Paper

View Econ Paper

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