#SOMI

What is Somnia (SOMI)?

EVM-compatible Blockchain: Somnia is a "Level 1" (Layer 1) blockchain built to handle applications that require high performance, such as games, metaverse platforms, and decentralized social networks.

Compatibility with Ethereum: Compatibility with the Ethereum Virtual Machine (EVM) allows developers to use existing Ethereum tools and smart contracts with minimal modifications.

Native token: The SOMI token is the heart of the Somnia ecosystem

Uses of the SOMI token

Gas Fees:

It is used to pay transaction fees on the network, such as transfers and the execution of smart contracts.

Staking:

To operate as a validator on the network, it is necessary to stake an amount of SOMI (5 million) to ensure the security of the network and earn rewards.

Delegated Staking:

Even SOMI holders who do not operate a node can delegate their tokens to a validator, thus participating in the earnings.

- Governance:

In the future, SOMI holders will be able to vote on decisions regarding network upgrades and policies.

I believe it can only go up..