On which chain is MCOIN (MCOIN) currency located?

MCOIN (MCOIN), a BEP-20 token built on the Binance Smart Chain (BSC), offers fast transactions, low fees, and EVM compatibility for smoother integration with other blockchain applications.

Jan 05, 2025 at 08:46 am

Key Points:

• MCOIN (MCOIN) currency is located on the Binance Smart Chain (BSC).
• BSC is a decentralized, high-performance blockchain platform known for its low transaction fees and high transaction speeds.
• BSC is compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to port existing Ethereum-based applications to BSC.
• MCOIN (MCOIN) is a BEP-20 token, meaning it is built on top of the BSC and follows its technical specifications.

Article:

What is the Binance Smart Chain (BSC)?

The Binance Smart Chain (BSC) is a decentralized, high-performance blockchain platform launched by Binance in 2020. It runs alongside the Binance Chain, focusing on smart contract functionality.

Key Features of BSC:

• High Transaction Speeds: BSC processes transactions at approximately 3 seconds per block, significantly faster than Ethereum's 12-second block time.
• Low Transaction Fees: BSC transaction fees are typically a small fraction of Ethereum's gas fees, making it cost-effective for users.
• EVM Compatibility: BSC is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily port existing Ethereum-based applications to BSC.
• Wide Developer Support: BSC has attracted a large community of developers, resulting in a rapidly growing ecosystem of decentralized applications (dApps).

What is MCOIN (MCOIN)?

MCOIN (MCOIN) is a BEP-20 token built on top of the Binance Smart Chain. It is the native token of the Metaverse Coin project, which aims to bridge the gap between the physical and digital worlds.

Use Cases of MCOIN (MCOIN):

• Virtual Land Ownership: MCOIN can be used to purchase virtual land in the Metaverse Coin virtual world, allowing users to build, explore, and interact.
• In-World Transactions: MCOIN is the currency used within the Metaverse Coin virtual world, enabling users to purchase goods, services, and experiences.
• Staking Rewards: MCOIN holders can stake their tokens to earn passive income from transaction fees and block rewards.
• Governance: MCOIN holders can participate in the governance of the Metaverse Coin platform by proposing and voting on changes to the protocol.

Advantages of Using BSC for MCOIN (MCOIN):

• Increased Transaction Speed: BSC allows for faster transactions, reducing confirmation times and improving user experience.
• Reduced Transaction Costs: The low transaction fees on BSC make it cost-effective to use MCOIN for various transactions within the Metaverse Coin virtual world.
• Enhanced Compatibility: BSC's compatibility with the EVM ensures that MCOIN can easily be integrated with other blockchain applications and services.

FAQs:

Q: What is the total supply of MCOIN?
A: The total supply of MCOIN is 1 billion tokens.

Q: Where can I buy MCOIN?
A: MCOIN can be purchased on decentralized exchanges (DEXs) such as PancakeSwap and Binance DEX.

Q: What are the long-term goals of the Metaverse Coin project?
A: The Metaverse Coin project aims to establish a fully immersive and interoperable virtual world where users can connect, create, and experience new possibilities.