What is Circuits of Value (COVAL)?

Circuits of Value (COVAL) is a comprehensive platform that includes projects like CircuitBuilder and Emblem Vault, aimed at enhancing blockchain integration and automation. CircuitBuilder offers a drag-and-drop interface for users to easily connect different blockchain systems and logics. Emblem Vault consolidates multiple blockchain wallets into a single NFT token that can be traded, bringing a novel aspect to cryptocurrency. The COVAL Token, originally named Ribbit Rewards (RBR), has undergone significant transformations, including moving to the Ethereum blockchain where it now operates as an ERC-20 token.

What is it used for?

COVAL is the indigenous token of the Circuits of Value ecosystem. Presently, COVAL is utilised for the production of Emblem Vaults, incurring a minting fee of 250 COVAL each. When a vault is established, the fee of 250 COVAL is transferred to the Emblem Handler contract and subsequently dispatched to a burn address.

Who created it?

Circuits of Value was initiated by Shannon Code, a programmer since the age of 8 with a background in cryptocurrency security and a track record of innovation in the field. Shannon collaborated with Sean Dennis and Gregory Simon, founders of ribbit.me, pivoting the focus from Ribbit Rewards to create Circuits of Value, and rebranding the RBR token to COVAL.