Mikoshi Coin
A Proof-of-Action token on Base. Earned, not mined. Tokens are minted only when real-world actions are cryptographically verified on-chain.
Why Proof-of-Action?
Traditional cryptocurrencies rely on Proof-of-Work (burning electricity) or Proof-of-Stake (locking capital). Both reward passive resource ownership, not productive contribution. Mikoshi Coin introduces a third way.
Traditional Mining
- ❌ Burns energy solving puzzles
- ❌ Rewards hardware ownership
- ❌ No real-world value created
- ❌ Speculative by design
Proof-of-Action
- ✓ Verifies real contributions
- ✓ Rewards productive actions
- ✓ Tied to measurable outcomes
- ✓ Earned, never speculated
How It Works
Mikoshi Coin uses a three-contract architecture where an oracle network verifies real-world actions before tokens are minted.
Action Performed
A user completes a verifiable action — contributing code, completing a task, publishing research, or any measurable real-world contribution.
Proof Submitted
Evidence of the action is hashed and submitted to the Oracle contract along with cryptographic signatures from authorised signers.
Oracle Verification
The Oracle verifies the signatures meet a k-of-n threshold. Each proof hash can only be used once — replay attacks are impossible.
Token Minted
Upon verification, the Oracle instructs MikoToken to mint the reward and ProofRegistry to record the action permanently on-chain.
Immutable Record
The proof hash, actor address, reward amount, and timestamp are stored forever on Base. Full transparency, full auditability.
Three-Contract System
Each contract has a single responsibility. Only the Oracle can mint tokens or register proofs. The owner cannot mint directly — all rewards must pass through verified proof submission.
MikoToken
ERC-20 token with proof-gated minting. Each mint requires a unique proof hash. Includes burn function and oracle-only access control.
0xC339...2076
ProofRegistry
Immutable ledger of all verified actions. Records actor, proof hash, description, and timestamp. Queryable on-chain history.
0x1722...174A
Oracle
k-of-n multisig verification. Validates cryptographic signatures from authorised signers before triggering mint and registration.
0x16f1...2c5b
A Decentralised Web3 Platform
Mikoshi Coin isn't just a token — it's the economic layer of a decentralised platform where real-world value creation is cryptographically verified and permanently recorded on-chain. In a Web3 landscape dominated by speculation, Mikoshi is building something different: an economy where tokens represent proof that something meaningful happened.
Traditional Web3 rewards capital. Proof-of-Action rewards contribution. Every MIKO token in existence is backed by a verified action — a piece of code committed, a research paper published, a model trained, an analysis delivered. The blockchain becomes a ledger of human achievement, not just financial transactions.
Integrated Across Mikoshi
Mikoshi Coin is designed to flow across the entire Mikoshi ecosystem. Every product, every platform, every contribution point connects back to the same on-chain reward system.
Mikoshi Invest
Earn MIKO for publishing market analyses, building trading strategies, backtesting models, and contributing to the community intelligence layer.
Mikoshi AI
Earn MIKO for training models, fine-tuning datasets, discovering insights with Curiosity, and building with MikoshiLang and SafeGuard.
Research & Open Source
Earn MIKO for publishing papers, contributing to open-source repos, peer-reviewing code, and advancing the protocol itself.
MeshXT Network
Earn MIKO for running mesh relay nodes, routing encrypted traffic, and maintaining network uptime across the decentralised communication layer.
Sentinel & SafeGuard
Earn MIKO for detecting prompt injection attacks, reporting vulnerabilities, and improving the security of AI systems across the ecosystem.
AI2AI Protocol
Earn MIKO for facilitating agent-to-agent coordination, running bridge nodes, and enabling autonomous negotiation between AI systems.
From Centralised Oracle to DAO
Mikoshi Coin launches with a single-signer oracle for speed and security during the bootstrap phase. But the architecture is built for progressive decentralisation:
Phase 1 — Bootstrap (Now)
Single trusted oracle operated by Mikoshi Ltd. All contracts verified and open source. Foundation laid, token live on Base mainnet.
Phase 2 — Multi-Oracle Network
Expand to k-of-n multisig with independent verifiers. Community members and partner organisations become oracle signers. Threshold governance via timelock.
Phase 3 — Automated Verification
On-chain proof verification for deterministic actions — git commits, test results, deployment records. Oracles validate non-deterministic contributions like research quality and community impact.
Phase 4 — DAO Governance
MIKO holders vote on reward structures, oracle membership, and protocol upgrades. The community decides what constitutes valuable action. Fully decentralised, fully transparent.
Why This Needs to Be On-Chain
A centralised points system could do rewards. But it can't do trust. Mikoshi Coin is on-chain because:
- Immutable Proof — Every verified action is permanently recorded. No one can rewrite history — not even Mikoshi.
- Permissionless Verification — Anyone can audit the ProofRegistry. Every MIKO token traces back to a real contribution.
- Composability — Other protocols can build on top. MIKO can integrate with DeFi, governance, and reputation systems across the Web3 ecosystem.
- Censorship Resistance — Once a proof is on-chain, no centralised authority can revoke it. Your contributions are yours forever.
- Portable Identity — Your proof history lives on Base, not in a corporate database. Switch platforms, keep your reputation.
Security Model
- Replay Protection — Each proof hash can only be used once. Duplicate submissions are rejected at the contract level.
- Threshold Signatures — Minting requires k-of-n authorised signatures. No single point of failure.
- Oracle-Only Minting — The token contract only accepts mint calls from the registered Oracle address. Direct minting is impossible.
- Timelock Governance — Threshold changes require a 48-hour timelock, preventing instant parameter manipulation.
- Verified Source Code — All contract source code is verified and readable on BaseScan. Nothing hidden.
- No Admin Mint — The contract owner cannot mint tokens. Every MIKO in existence has a corresponding verified proof.
Earn Mikoshi Coin
Connect your Base wallet to start earning MIKO. Refer friends to the Mikoshi ecosystem and earn tokens when they sign up and contribute.
No wallet connected
Referral Rewards
- ✓ 50 MIKO — Refer a new user
- ✓ 100 MIKO — Referred user subscribes
- ✓ 25 MIKO — Referred user's first contribution
- ✓ No cap on referrals
Contribution Rewards
- ✓ 10 MIKO — Open source commit (verified)
- ✓ 25 MIKO — Published research or analysis
- ✓ 5 MIKO — Bug report or security disclosure
- ✓ All rewards oracle-verified on-chain
View the Contract
All code is open source. All contracts are verified. Every token is earned.