Payments and Native Tokens

Every colony has its own native token. Native tokens are used for staking motions and disputes.

Payment in a colony’s native token also confers reputation, but paying in other tokens (such as stablecoins) does not.

Users can decide to adopt an existing ERC20 token as their native token (i.e. DAI or USDC), or to create a new one. Native Tokens are a key aspect when creating a new colony.

You can also check the Native Token contract address and add it to your Metamask.

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A colony's native tokens are locked and non-transferrable by default. They can be unlocked anytime, so that they may be freely transferred outside of the colony. This action is irreversible and only applies to new tokens created with Colony.