#### What is Mirrored Coinbase? Mirrored Coinbase (MCOIN) is a part of the M20 Chain, a [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) and [Web3](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/web3) ecosystem that aims to integrate and connect the traditional world to provide a seamless user experience. MCOIN strives to set a unified standard for quality assurance across all protocols. It is an [Ethereum](https://www.coinbase.com/learn/crypto-basics/what-is-ethereum)-Virtual Machine (EVM) equivalent blockchain built with a multichain approach, allowing users who operate on the Cosmos ecosystem to trade and build with MCOIN also on Cosmos SDK, through Evmos bridging tools, supported by the Inter-Blockchain Communication (IBC) [protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol). #### How does Mirrored Coinbase work? MCOIN operates as a part of the M20 Chain, an Ethereum-Virtual Machine (EVM) equivalent blockchain. This blockchain is built with a multichain approach, allowing users who operate on the Cosmos ecosystem to trade and build with MCOIN. This is made possible through Evmos bridging tools, supported by the Inter-Blockchain Communication (IBC) protocol. MCOIN also allows users to create their own [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) on the M20 Chain, requiring some coding skills with Solidity to deploy a [smart contract](https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract). #### What are the potential use cases for Mirrored Coinbase? MCOIN offers a range of potential use cases within the M20 Chain ecosystem. Users can create their own tokens on the M20 Chain, requiring some coding skills with Solidity to deploy a smart contract. MCOIN also allows users to have broader access to trading and financial tools, and many other [decentralized applications](https://help.coinbase.com/en/wallet/other-topics/what-is-a-dapp), like [NFT](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/nft) Marketplaces, Play-to-Earn games, Web3 Academy, and the [Metaverse](https://www.coinbase.com/learn/crypto-basics/what-is-the-metaverse), all through a single [wallet](https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet) account. Furthermore, MCOIN can be used for low-fee transactions, with costs as low as 0.00003 MCOIN. #### What is the history of Mirrored Coinbase? The history of MCOIN is intertwined with the development of the M20 Chain. The M20 Chain is a blockchain and Web3 ecosystem that aims to integrate and connect the traditional world to provide a seamless user experience. MCOIN, as a part of this ecosystem, was developed to set a unified standard for quality assurance across all protocols. The M20 Chain has been expanding to different areas of the M20 ecosystem, with the M20 [DAO](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/decentralized-autonomous-organization--dao-) comprising $m20 token holders and members of the community who participate in making decisions and shaping the future of the project.