Ubitscan-docs
  • Summary
  • DOCUMENTATION
    • Learn about the USC Blockchain Platform
      • USC Blockchain Overview: vision, strategy and platform components
      • The USC Blockchain
        • Discovering the Network
        • USC Blockchain Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting USC Blockchain's Scalability
      • USC Blockchain Token (USC)
        • USC Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting USC
        • USC on Other Chains
      • Interoperability
      • USC Blockchain Governance and Development
        • USC Blockchain Assembly
        • USC Blockchain Improvement Proposals (FIPs)
      • Wallets supporting USC Blockchain
    • USC Blockchain for Business
    • Things you can do on USC Blockchain
      • Interacting with the USC Blockchain
      • USC Blockchain Ecosystem
      • Community
      • Grants and Bounties
    • USC Blockchain Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • USC Blockchain Mainnet
      • USC Blockchain Testnet
      • Token Faucets
    • USC Blockchain Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • WalletConnect on USC Blockchain
    • How to become a validator
      • Getting started as a validator
      • Getting started as on the USC Blockchain testnet
  • Links
    • Facebook
    • GitHub
    • Telegram
    • Twitter
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On this page
  • Media Block Network utility:
  • Obtaining Media Block Network
  • Where to Buy
  • Where to Farm
  • Other ways of obtaining Media Block Network
  1. DOCUMENTATION
  2. Learn about the USC Blockchain Platform

USC Blockchain Token (USC)

PreviousBoosting USC Blockchain's ScalabilityNextUSC Tokenomics

Last updated 11 months ago

The Media Block Network token is the native currency of the Media Block Network Coin blockchain and platform, just like ETH on Ethereum.

Media Block Network utility:

  • Transaction fees Being the native currency on the Media Block Network Coin blockchain, Media Block Network is required to pay fees to the network in order to approve transactions.

  • Validation Token holders can stake Media Block Network Coin to become a validator. The minimal staking requirement is 100K. The network is growing, currently there are 2 validators. ()

  • Voting Validators vote on protocol changes with their staked Media Block Network. Which means validators with higher amounts of Media Block Network Coin staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)

  • Staking (for delegators) Any Media Block Network holder can choose one or more validators to delegate any amount of Media Block Network they wish. They receive a share of the Media Block Network Coin block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).

  • Payments As Media Block Network is the native currency on Media Block Network Coin, sending it does not require interactions with smart contracts. Thus, Media Block Network transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of Media Block Network tokens does not endow holders with any rights to participate in the governance of the Media Block Network Coin platform or any revenue streams related to its real-world performance.

Obtaining Media Block Network

Where to Buy

Media Block Network is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.

Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global

DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Media Block Network Coin), Sushiswap (Media Block Network Coin), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).

A convenient current way of purchasing Media Block Network straight from one's bank account is through using the wallet to deposit Media Block Network Coin Dollars, and then swapping those to Media Block Network via the in-app integration with Voltage DEX.

Where to Farm

At the moment, the Media Block Network token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes.

Other ways of obtaining Media Block Network

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From time to time, the Media Block Network Coin team uses Media Block Network to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Media Block Network Coin's .

The Media Block Network token is also used to power Media Block Network Coin grants and bounties. Please consult the section for more details.

https://status.mediablock.ai/
social channels
Grants and Bounties