Minebase: A Token Minted by Transaction Fees. Minebase (MBASE) is a groundbreaking digital asset that introduces an innovative approach to token creation. Unlike traditional cryptocurrencies, which rely on energy-intensive mining processes, Minebase tokens are generated passively through transaction fees on various blockchain networks. This method, known as Creative Token Production (CTP), aims to offer a more sustainable and efficient way to create valuable tokens.
Here's an in-depth look at the key aspects of Minebase:
CTP: Instead of traditional mining, Minebase uses fees from existing blockchain transactions, such as those on Ethereum and Bitcoin, to fuel the creation of MBASE tokens. This unique approach not only reduces energy consumption but also integrates seamlessly with existing blockchain ecosystems.
Limited Supply: With a total of 250 million MBASE tokens, the supply is capped, ensuring that no additional tokens can be minted beyond this limit.
Starting Price: Each MBASE token starts with an initial valuation of $6.50. A new token is minted whenever the accumulated transaction fees reach this amount, creating a clear and transparent mechanism for token generation.
Environmentally Friendly: By leveraging CTP, Minebase avoids the energy-intensive processes associated with traditional mining, positioning it as a more sustainable alternative in the cryptocurrency space.
Inflationary Model: The total supply of MBASE tokens increases gradually as transaction fees accumulate, which could influence the token's value over time. This model provides a unique perspective on token economics.
Community-Driven: Anyone participating in blockchain networks can passively contribute to the generation of MBASE tokens, fostering a sense of community and shared benefit.
Last updated on Oct 22, 2024
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