# Protocol

### Summary

Coqnet is a Layer-1 blockchain built within the Avalanche ecosystem. It is specifically designed to serve an empower memecoin communities. Coqnet leverages the robust infraestructure that Avalanche offers while having a unique identity and feature set.

### Core Identity

**Vision:** To become the cultural epicenter of crypto.

**Mission:** To aggregate builders and  serve memecoin communities through a dedicated L1 platform.

**Ecosystem Role:** To act as a cultural hub within the Avalanche network.

### Key Technical Features

1. Optional Gasless Transactions
2. Full EVM Compatibility
3. Built-in Randomness
4. Cross-chain Connectivity

### Economic Model

* Native token: $COQ (bridge from Avalanche)
* Validator incentives up to 50% APY


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