Cryptocurrency Q&A
What type of tokens does Mintlayer support?
What type of tokens does Mintlayer support?
Ilaria
Wed Nov 06 2024
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5 answers
529
I'm interested in understanding the types of tokens that Mintlayer supports. I want to know the specific categories or classifications of tokens it can handle.
5 answers
SumoHonor
Thu Nov 07 2024
Tokens that conform to the MLS-01 standard must be able to integrate seamlessly with every Mintlayer wallet. This ensures a unified experience for users across different platforms.
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henry_rose_scientist
Thu Nov 07 2024
An MLS-01 token also includes a metadata URI. This is a LINK to additional information about the token, such as its purpose, history, and any other relevant details. This metadata enhances the token's utility and provides context for its use.
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KabukiPassion
Thu Nov 07 2024
An MLS-01 token comes with various essential attributes. One of these is a ticker, which serves as a unique identifier for the token, making it easily recognizable within the Mintlayer ecosystem.
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CryptoTitaness
Thu Nov 07 2024
Another critical feature of an MLS-01 token is the issuance amount. This specifies the total quantity of tokens that can be created and circulated within the network.
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CryptoKing
Thu Nov 07 2024
The number of decimals for the issuance amount allows for greater flexibility in token valuation. It enables the token to represent very small fractions of value, similar to how traditional currencies use decimals to denote cents or pennies.
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