The Kowala Protocol defines a method for constructing a family of distributed, self-regulating, asset-tracking cryptocurrencies called kCoins. Each kCoin is designed to be traded on open exchanges and to maintain a close to one-to-one value relative to any widely traded asset such as a currency (USD, EUR, JPY, etc.) or other asset. mUSD is the mining token for Kowala’s kUSD blockchain. kUSD is the stable-value payment token for Kowala’s kUSD blockchain.