Minebase: A Token Minted by Transaction Fees
Minebase (MBASE) is a groundbreaking digital asset that introduces a novel method of token creation. Unlike conventional cryptocurrencies that rely on energy-intensive mining, Minebase tokens are minted through a process called Creative Token Production (CTP). This method utilizes transaction fees from various blockchain networks, such as Ethereum and Bitcoin, to generate MBASE tokens, offering a more sustainable and efficient alternative to traditional mining.
Here's an in-depth look at the key aspects of Minebase:
Token Creation:
CTP: Minebase bypasses traditional mining by using transaction fees from existing blockchain transactions to create MBASE tokens. This innovative approach not only conserves energy but also leverages the activity of other networks to fuel its growth.
Limited Supply: The total supply of Minebase is capped at 250 million tokens. Once this limit is reached, no further tokens will be minted, ensuring a controlled and predictable supply.
Starting Price: Each MBASE token is initially priced at $6.50. A new token is minted whenever the accumulated transaction fees reach this threshold, creating a direct link between network usage and token creation.
Key Features:
Environmentally Friendly: By avoiding the energy-intensive mining process, Minebase positions itself as a more eco-friendly option in the cryptocurrency space. This aligns with the growing demand for sustainable practices in digital assets.
Inflationary Model: The supply of MBASE increases over time as more tokens are minted from transaction fees. This gradual increase could potentially influence the token's value, making it an interesting case study in inflationary economics within the crypto ecosystem.
Community-Driven: The creation of MBASE tokens is indirectly supported by anyone who uses blockchain networks, making it a community-driven project. Users of these networks contribute passively to the growth of Minebase, fostering a sense of collective participation.
What's New in the Latest Version 1.1.2
Last updated on Oct 22, 2024
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