🪙 Introduction

PHA is the native token of the Phala blockchain. It serves several key functions and holders can use the token in a few different ways:

• Workers, the compute providers for Phala Network, receive rewards denominated in PHA. Read about how rewards are calculated or becoming a Worker.
• Running programs, or Phat Contracts, on Phala Network requires users to stake PHA to their contracts. Explore the stake-to-compute model here.
• Phala Network is a DAO governed by PHA token holders. Read about Phala's Governance mechanism here.
• PHA token can be staked or delegated to stakers to support the security of the network and earn rewards. Read about delegation or get started on the app.