
Square Token (SQUA)
Key data
updated $0Square Token (SQUA) is a utility token designed for decentralized applications (dApps) within its native ecosystem. It facilitates transactions, governance, and access to platform-specific features. Think of it as a digital key for interacting with Square's blockchain-based services.
Frequently asked questions
What is Square Token and how is it different from other tokens?
Square Token (SQUA) is a utility token focused on its ecosystem's dApps, unlike general-purpose cryptocurrencies. It’s tailored for specific functionalities like governance and service access, rather than just being a medium of exchange.
How does Square Token's technology or consensus work?
Square Token operates on a blockchain using Proof-of-Stake (PoS) consensus, which is energy-efficient compared to Proof-of-Work. Validators stake SQUA to secure the network and process transactions.
How is SQUA's supply managed?
SQUA has a capped supply with controlled emission; new tokens are minted as rewards for validators. The total supply is fixed to prevent inflation, ensuring long-term scarcity.
How can I store and use SQUA?
Store SQUA in any wallet supporting its blockchain (e.g., MetaMask, Trust Wallet). Use it for transactions, staking, or voting in the ecosystem’s governance system.