![SumoPride](https://img.btcc.com/btcc/qa/SumoPride.png)
What is the native currency of gnosis chain?
As a keen observer of the cryptocurrency and finance industry, I'm curious to delve deeper into the nuances of various blockchain platforms. One such platform that has piqued my interest is the Gnosis Chain. Could you elaborate on what is the native currency of the Gnosis Chain? Understanding the native token is crucial for evaluating its economic incentives, transaction costs, and overall value proposition. Additionally, it could provide insights into how the platform intends to foster its ecosystem and promote user adoption. So, could you please shed some light on the native currency of the Gnosis Chain?
![What is the native currency of gnosis chain?](https://img.btcc.com/btcc/qa/qaimg1419.png)
![Dario](https://img.btcc.com/btcc/qa/Dario.png)
What is the difference between native currency and token?
Could you elaborate on the distinction between native currency and token in the realm of cryptocurrency and finance? I understand they both play a role in the ecosystem, but I'm not quite clear on the nuances. Native currency, for instance, seems to be the fundamental unit of value within a given blockchain, while tokens seem to represent assets or utility within a specific platform or ecosystem. Is there a functional difference between the two? How do they differ in terms of use cases, liquidity, and overall market dynamics? Clarifying these points would greatly assist in my understanding of the cryptocurrency landscape.
![What is the difference between native currency and token?](https://img.btcc.com/btcc/qa/qaimg499.png)