Circuits of Value (shortened as COVAL) is a cryptocurrency platform that enables the off-chain moving of digital assets. Users can use any namespace and identity platform to move these value tokens peer-to-peer. The COVAL platform serves as a sidechain network that runs its own protocol called the Ledger Assigned Wallet (LAW) and its own app (called Emblem) which serve as the basis of the COVAL platform’s features. A Currency as a Service (CaaS) model is implemented, allowing users to implement digital coins and tokens into games, social media, virtual economies, rewards programs, and more. Users can also earn rewards (such as discounts and gift cards) for participating in COVAL’s “loyyal” loyalty program.
Circuits of Value (COVAL) tokens are the Counterparty tokens that are the primary digital token of the COVAL platform and that power its features.