Coloured Coins
Minima is the native coin for the Minima blockchain. Each UTxO is defined as a coin and therefore a coin can be worth any amount of Minima. Minima supports custom tokens (including NFTs) natively. Tokens are Coloured coins. Coloured coins are tiny fractions of Minima which represent the supply of a custom token or NFT.
Custom tokens are specified by the following characteristics:
| Attribute | Description |
|---|---|
| TokenID | Created after all the details are set, by hashing the coinid and total amount. Each TokenID is globally unique |
| Token Name/Description | A String description that can be just a name or a full JSON. |
| CoinID | The CoinID used when creating the token initially |
| Total | The total number of these tokens |
| Decimals | The number of decimal places to use for the token |
| Script | The token script |
| Total Amount | The total amount of Minima coloured to be this token. Since Minima uses 44 decimal places, if you colour 1E-33 (0.000000000000000000000000000000001) Minima, that is 1000 tokens with 8 decimal places. i.e. 1000.00000000 |
| Scale | The scale of the Token vs the amount. In the example above, the scale is 36 |
NFTs are simply custom tokens with no decimal places i.e. they can only be spent whole.