Tokens

mCKB: Mining Contract Token

mCKB is the mining contract token that represents the dynamic and tokenized agreements between miners and sponsors: Miners receive immediate payment by minting mCKB against their debt, and sponsors receive mCKB and redeem for CKB 1:1 later as a way to engage in tokenised mining.

• Against Debt: Sponsors can mint mCKB against miner debt 1:1 at the miner’s price;
• Pegged to CKB: mCKB is pegged to and redeemable for CKB 1:1;
• Tradeable: mCKB itself is tradeable on secondary markets;
• Over-collateralisation: mCKB is constantly over-collateralised which means that there will always be enough collateral in the protocol to redeem with mCKB;

$COMINE: Protocol Token (M2)

• $COMINE: Earned by keeping a healthy ICR, staking to the stability pool, or trading pools.
  • Tradable
  • Fee waiver
  • Voting for key parameters