Minebase (MBASE) is a groundbreaking digital asset that introduces an innovative method of token creation known as Creative Token Production (CTP). Unlike conventional cryptocurrencies, which rely on energy-intensive mining processes, MBASE tokens are generated in a more sustainable way through the transaction fees collected from various blockchain networks, including Ethereum and Bitcoin. This unique approach not only aims to be more environmentally friendly but also offers an efficient way to produce valuable tokens.
Here's a detailed look at the key aspects of Minebase:
CTP: Minebase leverages the fees from transactions on existing blockchain networks to mint new MBASE tokens, bypassing the need for traditional mining.
Limited Supply: The total supply of MBASE is capped at 250 million tokens, ensuring no further tokens can be created beyond this limit.
Starting Price: Each MBASE token begins with an initial valuation of $6.50. A new token is minted whenever the accumulated transaction fees reach this amount.
Environmentally Friendly: By utilizing CTP instead of mining, Minebase offers a more sustainable option, reducing the environmental impact associated with traditional cryptocurrency mining.
Inflationary Model: The gradual increase in the total supply of MBASE could influence the token's value over time, presenting a unique economic model.
Community-Driven: The creation of MBASE tokens is passively supported by anyone using participating blockchain networks, fostering a sense of community involvement.
Last updated on Oct 22, 2024
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