Dual Token System
Canxium introduces a unique dual-token system designed to optimize the functionality, rewards, and user experience within its ecosystem. The two tokens, $CAU and $OFF, each serve distinct and critical roles that support both the network's operational structure and its long-term sustainability.
1. Native Utility Coin: $CAU
The $CAU token is Canxium’s native cryptocurrency, serving as the primary utility coin within the Canxium blockchain ecosystem. It is used for a wide range of functions, including:
Transaction Fees: $CAU is required to pay transaction fees on the network, enabling users to perform various operations such as transferring funds or interacting with smart contracts.
Validator Participation: Validators need to stake $CAU to secure the network and participate in block creation and validation within the Proof of Stake (PoS) consensus mechanism.
Platform Benefits: Holding $CAU offers users access to special privileges, discounts, or incentives on the platform as the ecosystem evolves.
As the backbone of Canxium's ecosystem, $CAU will drive the network's services and functions, ensuring a stable and functional economic model for users, validators, and other stakeholders.
You can buy CAU from Mexc or Xeggex or Bitget
2. Mining Token: $OFF
Canxium is pioneering the combination of both Proof of Work (PoW) and Proof of Stake (PoS) consensus mechanisms, with PoW remaining at the core of its design. After transitioning to offline mining, Canxium will introduce $OFF, a secondary token specifically for mining activities.
Mining Rewards: Miners will use the $OFF token in conjunction with mining activities. They will need to burn $OFF tokens with each mining transaction to have more $CAU rewards. This burn mechanism ensures that the value of $OFF remains integral to the mining process and further supports Canxium's economic model by introducing scarcity and incentivizing participation.
Offline Mining: With the offline mining mechanism in place, miners will be able to mine new CAU coins without needing a constant internet connection, but they will still need to use $OFF to enhance their mining rewards by 5%.
This token's introduction provides a clear distinction between network utility and mining rewards, while also offering miners a direct method to optimize their participation and rewards in the ecosystem.
You can buy OFF from Canxium Swap