The ETCPOW Token
ETCPOW is a native ERC20 token on the Ethereum Classic blockchain and is used to fuel the ETCMC ecosystem.
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  • ETCPOW is a native ERC20 token on the Ethereum Classic blockchain and is used to fuel the ETCMC ecosystem.
  • The main utility of ETCPOW is to reward miners for mining ETC in the ETCMC pool and to reward ETCMC node operators relative to the uptime of the node.
  • ETCMC members also can stake their ETCPOW to earn additional tokens.
  • The majority of ETCPOW is locked in the mining contract, and after the initial launch, the only way to access them is to mine ETC in the ETCMC mining pool thus creating scarcity.
  • The ETCPOW tokens are rewarded to miners as “Proof of work” that the miners have given to the pool.
  • The mining contract will release the tokens as each new ETC block is mined and distributed to the miners relative to the hash power and amount of shares given to the pool.

ETCPOW Tokenomics

Total supply: 1 billion ETCPOW tokens Token distribution:

Mining contract

60% (600 million ETCPOW tokens)

ETCMC DAO

20% (200 million ETCPOW tokens)

Team and advisors

10% (100 million ETCPOW tokens)

Marketing and community development

5% (50 million ETCPOW tokens)

Airdrops

2% (20 million ETCPOW tokens)

ETCPOW staking rewards

2% (20 million ETCPOW tokens)

Please note that these percentages are subject to change based on the needs and feedback of the community, as well as market conditions and other factors.