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../../markettoken.md |
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# Market Token | ||
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`MarketToken` is a mintable and burnable ERC20 token. The | ||
`MarketToken` is tied to a particular `Market` and is created when the | ||
`Market` is created. Note the contrast with token curated registries, | ||
which don't hold a mechanism for minting and burning their associated | ||
token. | ||
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As with the `NetworkToken`, the `MarketToken` is denominated in | ||
"market wei". As with ETH, a "market wei" denominates 1/10^18 of a | ||
`MarketToken`. Using wei units throughout prevents rounding error | ||
propagation and keeps contracts simple. |