The ETCPOW Token

Token Utility

• 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.