Evmos is a Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. It's built using the Cosmos SDK which runs on top of Tendermint Core consensus engine.
Evmos is an application-agnostic Cosmos chain that will be interoperable with the Ethereum mainnet, and Ethereum Virtual Machine (EVM) compatible environments, and other Byzantine Fault Tolerance (BFT) chains via Inter-Blockchain Communication (IBC), making it easy for users and developers to interact seamlessly between chains.
Evmos aims to be the EVM Hub of Cosmos, making it easy for smart contracts to deploy and communicate within the Cosmos ecosystem.
The denomination used for staking, governance and gas consumption on the EVM is the $EVMOS. The $EVMOS provides the utility of: securing the Proof-of-Stake chain, token used for governance proposals, distribution of fees to validator and users, and as a mean of gas for running smart contracts on the EVM.