COVAL Custom Currency
Custom currencies can be created by using ₡OVAL as the "parent" currency. A project can leverage COVAL technology and the ₡OVAL cryptocurrency rather than only use an internal accounting database or creating a new cryptocurrency that would not be easily added to open markets via exchanges. It may be appealing to some to have the guarantees of a 1:1 ratio with ₡OVAL as a way to move the value out of the application or game and into the open markets.
When a user who owns 100 COVAL.MYGAME tokens can redeem them for 100 COVAL tokens and trade/sell them on Bittrex or elsewhere, that makes the MYGAME tokens more useful without any heavy lifting or expenses incurred by the project's creators. The project's users would be more satisfied with their in-app/in-game currency because they can extract the value in a more broad market rather than be restricted to trading with only fellow users/players of that app or game.
COVAL will also provide a sidechains component called Circuit Jumper to handle additional movement of these custom tokens into other blockchain networks such as Ethereum.
More info on how to create custom COVAL tokens will be published soon.