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APIS

APIS is the fee and utility token of MELEK-Engine, the Hive-Engine-style side-token layer that runs alongside the MELEK ecosystem. Its name is the Latin word for bee — the engine's economy is described with a beehive vocabulary (workers, drones, hash), continuing the same imagery as Hive.

MELEK-Engine

MELEK-Engine is a side-chain-style token layer: it lets tokens be issued and traded on top of the base chain without custom base-chain operations. APIS is the layer's own fee/utility token — the unit that pays for engine actions. See Running Tokens on MELEK-Engine for how a project issues its own token there.

How APIS is earned — the WorkerBee mechanic, re-mapped

APIS is not premined into circulation; it is mined by staking, on a design re-mapped from Hive-Engine's WorkerBee model:

Forever-lock — WMELEK (MELEK wrapped for the engine by sending it to @wmelek-bridge on MELEK) can be permanently locked.
APIS-Hash — a forever-lock mints APIS-Hash, a non-transferable (soulbound) mining-power unit — the staked-WORKERBEE equivalent.
Mine and claim — APIS-Hash mines APIS at the holder's share of a fixed 1,000 APIS a day; the holder claims it whenever they like. Step by step: Getting APIS on MELEK-Engine.

Because APIS-Hash is soulbound, mining power cannot be sold on once it is committed; it stays with the account that locked the MELEK.

Status

MELEK-Engine runs on the MELEK mainnet at engine.melek.salon. See MELEK-Engine. APIS has no external market at the time of writing — where a live price would appear (for example on the Token Price Ticker) it is shown honestly as n/a rather than with an invented number.

Sources

github.com/HinduTempleCoins/Bot — engine/ layer and the apis-workerbee mechanic

Coverage

Describes APIS's role and its earning mechanic as designed and running on the testnet. Emission figures change and are not reproduced here.

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