GYQ Token

$GYQ is a native fungible token running on Cardano blockchain. The Max Supply of $GYQ is 4 billion units (4.000.000.000).

Native tokensĀ¹ is a new feature that enables the transacting of multi-assets on Cardano. Users can transact with ADA, and an unlimited number of user-defined (custom) tokens natively; transaction fees can be paid in ADA or in any native token (Babel feesĀ²).

Native support offers distinct advantages for developers: there is no need to create smart contracts to handle custom tokens, which removes a layer of added complexity and potential for human error since the ledger handles all token-related functionality.

The native tokens feature extends the existing accounting infrastructure defined in the ledger model (originally designed for processing ADA-only transactions) to accommodate transactions using a range of assets. These assets include ADA and a variety of user-defined custom token types.

Ā¹: https://docs.cardano.org/native-tokens/learn

Ā²: https://iohk.io/en/blog/posts/2021/02/25/babel-fees/

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