Here is the translation in English, preserving the HTML format:
```html
WEB69 is a Layer 2 blockchain project that supports and provides a more balanced and sustainable Dogecoin ecosystem. The native token of the WEB69 blockchain is $WEB69. As the native token, $WEB69 is used to pay for Gas fees for transactions on the WEB69 chain, issuance fees for new assets, minting and burning fees, etc. $WEB69 is also used for authorization staking on validators.
```
