Tokens

Tokens are on-chain records of value, access, or information. Terp Network supports multiple token standards across modules.

Native Token: uthiol

uthiol is the native fee token of Terp Network. It is used for:

• Transaction fees (gas)
• Staking (bonded proof-of-stake)
• Governance voting weight
• Drip/airdrop distributions

Denomination: uthiol (10^-6 THIOL). The base unit is uthiol; human-readable amounts use THIOL.

# Check balance
terpd query bank balances terp1...

# Send tokens
terpd tx bank send <from> <to> 1000000uthiol

Token Standards

CW20 (Fungible Tokens)

The CosmWasm standard for fungible tokens — analogous to ERC-20 on Ethereum. CW20 tokens are deployed as smart contracts and support:

• Transfers, approvals, allowances
• Minting and burning (if enabled in contract)
• Custom logic (tax, time-locks, whitelists)

CW721 (Non-Fungible Tokens)

The CosmWasm standard for NFTs. Each token has a unique ID and metadata. Use cases include:

• Collectibles and art
• Membership tokens
• Verifiable credentials
• IBC-compatible via ICS-721

ICS-721 (IBC NFTs)

The IBC standard for transferring NFTs between chains. Enables cross-chain NFT transfers using the same IBC transport layer as fungible tokens.

IBC Vouchers

When tokens arrive via IBC from another chain, they appear as IBC vouchers:

ibc/<hash-of-transfer-port-and-channel>/<original-denom>

These vouchers are native representations of the original token. They can be transferred, swapped, and staked (if the receiving chain supports it).

Tokenfactory Denoms

The x/tokenfactory module allows any account to create a native denomination — not a smart contract token, but a first-class native token managed by the x/bank module.

# Create a new denom
terpd tx tokenfactory create-denom <subdenom>

# Mint tokens
terpd tx tokenfactory mint <amount><denom>

# Transfer admin
terpd tx tokenfactory change-admin <denom> <new-admin>

Tokenfactory denoms benefit from:

• Lower gas costs than CW20
• Native IBC support (no contract needed)
• Bank module integrations (automatically in balances, supply queries)

Token Types Comparison

Token type diagram scaffold — a visual taxonomy of token types on Terp Network, showing how each is created, transferred, and connected to modules.

Token Use Cases