COCA
  • ๐Ÿ‘‹What is COCA?
  • ๐ŸคฉInnovation and Value Proposition
    • Secure & Safe
    • Next-Generation of User Experience
    • Rewarding
    • Abstracting Blockchain Experience
  • ๐Ÿš€PRODUCT
    • Overview
    • Multi-Wallet for Crypto
    • Debit Cards & Fiat Management
  • ๐Ÿ‘ŒTokenomics
    • Overview
    • Token Allocation
    • Locked/Vested Wallets
  • ๐Ÿ˜ŽToken Utility
    • Governance
      • Scope of Governance
      • Mechanics of Governance
      • Objective of Token-based Governance
      • Participation Requirements
    • Universal Gas Token (UGT)
      • Tech Behind Universal Gas Token
      • โ€‹โ€‹Enhances Liquidity and Utility
      • Improves Cross-Chain Interoperability
    • Discounts
      • Fee Waiver Benefits
      • Broadening Accessibility and Affordability
      • Flexibility in Crypto Purchases
    • Cashback
      • Earn on Every Transaction
      • Decentralized Rewards
      • Enhanced User Engagement
    • Staking and Perks
      • Reward Levels
      • Selectable Perks
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  1. Token Utility
  2. Universal Gas Token (UGT)

Tech Behind Universal Gas Token

COCA uses MPC to create a blockchain agnostic solution for network fees, instead of blockchain specific approach.

Through MPC COCA covers the fees for the user and is paid back with UGT. The use of MPC reduces the network expenses, since the transaction signing logic is performed off-chain and smart contracts are not used.

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Last updated 5 months ago

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