NODL is the native cryptocurrency of the Nodle Network. It creates an incentive for participants to come and grow the network. While participants will mainly receive NODL rewards initially, fees will outstrip the rewards in the future as demand for the Nodle Network's services grow.
The Nodle Chain has a built-in governance system in which all NODL holders have a voice. Upgrades and other proposals are coordinated on-chain and executed autonomously. This allows the community to ensure that the Nodle Chain's development better reflects its values.
Help curate the list of collators on the Nodle Chain by staking your NODL. This helps support the liveness and decentralization of the network. Good actors are rewarded thanks to transaction and protocol fees while bad actors are slashed.
What is NODL?
NODL is the native token of the Nodle Network. It is for rewards, transaction fees, payments, and governance on the Nodle Chain.
Is NODL an ERC20 token?
No, NODL is native to the Nodle Network.
What is the relationship between NODL and DOT?
There is no direct relationship between the two DOT and NODL. The Nodle Chain is built on top of the Substrate framework. DOT is the native token of the Polkadot relay chain.