The Computation Credits (CCD) token has been minted on Phoenix L1.
23 Dec 2022, 11:59
The Computation Credits (CCD) token has been minted on Phoenix L1!
The CCD token is core to our Layer 2 - it is used to access Phoenix services such as Multi-Party Computation (MPC), Federated Learning/AI and Reinforcement Learning. Check it out on our Layer 1 Explorer . While our Layer 2 is still in testnet, this is yet another milestone to set the stage for Layer 2 mainnet and adoption of the Phoenix ecosystem!
As we've published previously, CCD usage also means PHB is burned. Check that out here in case you missed it.
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Sincerely,
Phoenix