Statemine is a generic assets parachain which provides functionality for deploying and transferring assets — both Fungible and Non-Fungible Tokens (NFTs). It is a common good parachain on Kusama (not to be confused with Statemint, which is a parachain on Polkadot). The native token of Statemine is KSM. Balance transfers and the Existential Deposit (ED) of KSM on Statemine are about 1/10th of the values on the Relay chain. For example, the Existential Deposit of a Statemine account is 0.000003 KSM, when compared to 0.000033 KSM on Kusama. Apart from the core protocol token KSM, the assets held on Statemine can be broadly categorized as