MIO Tokens are Ethereum-based tokens. MIO Tokens are a digital asset, bearing value by themselves based on their underlying assets, properties, and/or associated rights.
MIO Tokens represent a percentage share of the output of Miner One mining operations. Ethereum-based tokens rely on a well-established infrastructure, benefiting from several advantages:
- Security and predictability (as opposed to, for example, having to run an independent blockchain network).
- Use of robust and well-supported clients (Ethereum-based tokens can be managed with official Ethereum clients).
- High liquidity (interchangeable with other Ethereum-based tokens or Ether), and easier listing on exchanges with infrastructure already in place.
- Ethereum smart contracts provide a transparent and secure way of automatically sharing output among MIO Token Holders.
Our Ethereum-based token contract complies with the “ERC20” standard, which means that it is extremely easy to make exchanges that involve trading “edgeless” tokens.
More detailed info about the ERC20 standard can be found here: https://github.com/ethereum/EIPs/issues/20