The Lycan or LYC is a native currency of a Lycan chain. Everything happening on the Lycan chain will either happen by staking Lycans or Paying Lycans. To become an Alpha Validator, one has to stake his LYC. To make a transaction on a Lycan chain one has to pay transaction fees in the form of LYC. LYC will be used to secure the network, for payments, to pay network fees, and for on-chain governance.