Singapore | November 29, 2022 01:02 PM Eastern Standard Time

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minebase started in 2017 with the goal of creating a gold-backed coin. But with the new stablecoin regulations of 2018, the project could not continue. As an entrepreneur, Dr. Seiz set out to create a token like Bitcoin with an algorithm that would not massively pollute the environment. With its unique Creative Token Production (CTP) algorithm, tokens are put into circulation through transaction fees already generated by existing blockchains.

The protocol has seen tremendous growth during its first month of operations and is ready to celebrate with a blockchain-wide competition where participants can win up to 10,000 USDT by completing simple tasks.

About $MBASE and CTP

The Minebase Token ($MBASE) is an ERC20 token released into circulation through Creative Token Production (CTP), an energy-efficient algorithm that controls token supply and floor price. The smart contract controls the algorithm to adjust the token price based on the behavior of the crypto market. Minebase releases new MBASE tokens from the transaction fees its users generate.

Blockchains like Bitcoin use the energy-intensive proof-of-work algorithm to mine cryptocurrency. Minebase aims to change this with the internally developed CTP algorithm. The algorithm makes it possible to generate $MBASE tokens through transaction fees on Bitcoin, Ethereum, and the top 20 decentralized exchanges.

MBASE mining does not require expensive hardware equipment and has zero power consumption compared to Bitcoin. Minebase has demystified the concept of crypto mining and users can earn $mbase tokens with a smartphone or computer. Users need to create a Minebase account and a wallet address. Then all fees used to operate on supported blockchains will be deposited to the wallet address and can be used to create $MBASE.

In addition to generating $MBASE through transaction fees, CTP will also allow users to generate $MBASE by walking. Users must walk 6 kilometers with their smartphones to generate an $mbase token. Also, the Minebase token generation speed depends on how fast you are walking. The mobile app will be released in the third quarter of 2023.

Users can also earn $MBASE tokens by staking a principal. However, the total supply of Minebase tokens is fully controlled by CTP and cannot be modified by the Minebase team. Therefore, users need not worry about oversupply and lack of demand in the market.

About minebase

This is the beginning of a new crypto era that calls for a revolutionary new cryptocurrency. Minebase was founded as an ecosystem of tools, apps, games, and utilities that add to the world of cryptocurrency and make it more vibrant. Minebase combines expertise in tool development, app development, cryptography, and NFT gaming. This is an area where few possess the combination of abilities that Minebase has. Furthermore, Minebase’s energy-efficient cryptocurrency is immune to external factors such as market supply and demand.

Helpful Links

Website: www.minebase.com

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