About Secret (SCRT)
Secret (SCRT) is a cryptocurrency and the native coin of the Secret Network blockchain. Just like Ethereum (ETH) and Bitcoin (BTC), you hold your Secret (SCRT) in a wallet and spend it when you want to use Secret Network.
Major functions of SCRT include:
To use applications on Secret, you need to hold and spend SCRT. Just like how ETH works on Ethereum, SCRT is used to pay all computational and transactional fees associated with applicaitons on the network.
By “staking” SCRT with the validators supporting Secret Network, “secret nodes”, you help secure the network and SCRT rewards.
All stakers can participate in governance of Secret Network, helping set the future direction of our network and community.
How to Purchase SCRT
There are a number of different ways to purchase Secret, depending on your jurisdiction and familiarity with blockchain services.
Depending on your jurisdiction, you may be able to buy SCRT using your bank account or credit card with this service:
Note: Direct purchase is currently unavaible in the U.S. Make sure you are aware of restrictions and waiting periods.
Depending on your jurisdiction, you can buy SCRT on these centralized exchanges operated by traditional businesses:
You can buy mainnet SCRT from DEXes on Secret Network or a wrapped version of Secret from DEXes on Ethereum.
What Wallets to Use
To store, stake, or spend SCRT you will need a wallet. Wallet options include hardware solutions, browser extensions, and mobile wallets.
Note: Keplr is currently the only wallet that integrates with all applications buit on the network.
Help Secure the Network & Receive Rewards
Secret Network uses Delegated Proof of Stake as a consensus algorithm, meaning secret nodes around the world must stake SCRT in order to process transactions and computations. In return, they earn a share of all new SCRT created over time.
If you want to help secure Secret Network while receiving a share of these rewards, you can either run your own secret node or stake your SCRT with someone who does. It’s a great opportunity to support the network. Stakers currently earn between 25 and 30% ROI on their SCRT! All you’ll need to get started is some SCRT and a wallet.
Submit & Vote on Proposals to Improve the Network
By staking, you can also participate in network governance. That means you can submit and vote on proposals to improve and secure Secret Network. With over 50 proposals having already been submitted on-chain, community governance is critical to the growth of our network and ecosystem.
If you’ve got your SCRT secured and you’re storing it in Keplr Wallet, you’re ready to start using applications on the network! SCRT is used to pay for transactional and computational fees, so when you interact with any Secret App, you’ll spend a bit of SCRT to be able to use them.View all Secret apps