Tokens

Learn about the different types of tokens available in Majestic StarChain.

Introduction

Majestic StarChain is a Cosmos SDK-based chain with full EVM support. Because of this architecture, tokens and assets in the network may come from different independent sources: the bank module and the evm module.

Cosmos Coins

Accounts can own SDK coins in their balance, which are used for operations with other Cosmos modules and transactions. Examples of these are using the coins for staking, IBC transfers, governance deposits and EVM.

MJT

The denomination used for staking, governance and gas consumption on the EVM is the MJT. The MJT provides the utility of: securing the Proof-of-Stake chain, token used for governance proposals, fee distribution and as a mean of gas for running smart contracts on the EVM.

Majestic StarChain uses Atto (opens new window) MJT as the base denomination to maintain parity with Ethereum.

$1 MJT = 1 ~ * ~ 10^{18} aMJT$

This matches Ethereum denomination of:

$1 ETH = 1 ~ * ~ 10^{18} wei$

EVM Tokens

Majestic StarChain is compatible with ERC20 tokens and other non-fungible token standards (EIP721, EIP1155) that are natively supported by the EVM.