a brief article about #Somnia Token
SOMI, Somnia's native token, powers the high-performance Layer 1 blockchain with multiple advantages. It serves as the exclusive medium for gas fees, maintaining low costs through dynamic pricing and volume discounts. The token features deflationary economics—50% of transaction fees are burned, reducing supply over time. SOMI enables network security through validator staking (5M SOMI required) and delegated staking for broader participation. Token holders gain governance voting rights on protocol decisions. Ecosystem incentives reward developers, creators, and participants through grants and partnerships. SOMI combines utility, deflationary mechanics, staking rewards, and governance, forming the economic backbone of Somnia's EVM-compatible blockchain.
