Smart contracts are a revolutionary technology that opens the door to endless possibilities. By using Bitcoin's decentralized ledger network and contract network's built-in scripting language, real-world scenarios can now be converted into code for automatic execution without intermediaries. Contract coins are used to provide functionality that is technically impossible to use with Bitcoin. For example, contract coins are the currency used to pay for all smart contract code executions. More generally, the contract currency represents the agreement equity of the contract network, and is the voting currency for the community to determine the modification of functions.
Contract coins are created by "burning" bitcoins, that is, sending bitcoins to an address that cannot be spent in exchange for contract coins, ensuring an even and fair distribution of these contract coins. In January 2014, more than 2,100 bitcoins were burned, generating approximately 2.6 million contract coins.

Use of contract currency

As long as it has been running on the Bitcoin blockchain, custom contract network tokens can meet various needs and serve as currency in its system. Unlike regular bitcoins, custom tokens can be used to represent any scale of value.

Contract Tokens are now available for:
Success Stories Crowdfunding and Voting
Monetizing Access to Decentralized Application (“DApp”) Software Features
Represents a product or personal brand
Acts as a "domain name in the blockchain world"
As an authentication token
Represents digital goods, such as game cards
Acts as a real-world good or service Proxies (e.g. paper that can be traded for tokens, biofuels, etc.)
Serve as rewards for providing valuable time and resources
Serve as an educational service to explore blockchain capabilities
Just for fun

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