Article Summary, Automatically Generated By AI
About Minebase
- 250 million Minebase tokens in total
- 45 million tokens distributed to users through a bonus program
- Starting CTP price of the token: $6.50
- CTP price increase algorithm: up to $793,000
- POT program: 26 cents/hour, 4% of $6.50, 25 hours to receive a Minebase token
- Price stabilization: 0.025% of unissued tokens burned if exchange price falls >10%
- Reward program: free tokens for silver, gold, or platinum wallet holders when CTP price increases
- Staking and interconnected wallet system with streakk.io
Introducing Minebase: Unlocking the Power of Cryptocurrency Mining
Minebase is a token created through transaction fees, with a total supply of 250 million tokens. Whenever a Coin is sent within the Crypto Network, a transaction fee is incurred, and these fees are utilized to create the Minebase token. A total of 45 million tokens were distributed to users through a bonus program. The remaining Minebase tokens are generated solely through fees, eliminating the need for any investment. We refer to this process as CTP (Creative Token Production). The initial CTP price of the token is set at $6.50, which means that a minimum of $6.50 in fees is required to create a token. The token can only be created through CTP. Users can register up to five wallet addresses with Minebase, and the fees will be accumulated until the $6.50 threshold is reached, creating a token. Additionally, users can deposit tokens in the Minebase wallet. From 10 tokens, users automatically receive a wallet to create the token. (A maximum of 20 wallets with 550 tokens can be deposited.) All fees generated by these wallet addresses will be credited to the user. The CTP price increases algorithmically, starting at $6.50 and reaching up to $793,000. As more tokens are created, the price will continue to rise.
The Period of Time (POT) is an advantage program open to everyone, including those new to cryptocurrencies. Users receive 26 cents per hour, equivalent to 4% of $6.50. After 25 hours, they receive a Minebase token. To ensure price stabilization, if the exchange price falls by more than 10%, 0.025% of the total unissued tokens will be burned. From the CTP price of $131, a reward program is implemented for all users. Every time the CTP price increases, users with silver, gold, or platinum wallets will receive free tokens. Minebase Ecosystem STAKING MINEBASE Partner Company streakk www.streakk.io INTERCONNECTED WALLET This upgrade enables users to connect with up to 20 wallet addresses of other users, allowing participation in an additional 20 wallets. A maximum of 5 users can be connected.
The website www.minebase.com is poised to introduce an immersive gaming experience in the future. This innovative “play-to-earn” model utilizes tokens as a form of payment. For instance, in competitive games, 10% of the tokens in play are burned, fostering a dynamic ecosystem. Furthermore, users who purchase NFTs using Minebase Tokens will receive an exclusive advantage within the Minebase system. As the CTP price appreciates according to a predetermined algorithm, users who possess NFTs (e.g., valued at 100 Minebase tokens) will be able to acquire Minebase tokens at a 50% discount for the same 100 tokens.
The CTP Token Burning Mechanism
Commencing September 9, 2022, our CTP system will undergo a significant overhaul. The Minebase token, generated by aggregating fees from across the entire cryptocurrency landscape, has been designed with long-term stability in mind. To achieve this, we have devised a sophisticated combustion formula for the Minebase token, ensuring its value remains stable over time.
The formula for creation fees is as follows: price plus created tokens (price) equals 4. This sum is then divided by the current token price. Notably, these tokens are subsequently burned. This process is repeated on a monthly basis.
Minebase CTP is pegged to exchanges, which means that the CTP price is correlated with the exchange price. This correlation gives rise to a disparity between the two prices. If the exchange price is lower than the CTP price, the latter will appreciate by the difference. This mechanism aims to establish equilibrium between the stock exchange and our CTP system. For instance, if the exchange price is $4 and the CTP price is $6.50, the difference is $2.50. Consequently, the CTP price will increase by this amount, thereby reaching $9 to create a token. Conversely, if the exchange price surpasses the CTP price, the latter will depreciate by the difference. For example, if the CTP price is $6.50 and the exchange price is $8.50, the CTP price will drop by $2 to $4.50.