ABOUT MINE
Mine is a cryptocurrency developed with a vision of creating a new economic zone. An economy that relied where cryptocurrencies are widely used, which we are aiming at, there must be opportunities where we can easily obtain a cryptocurrency in the various scenes of
daily life.
To show the true value of a cryptocurrency, creating a mechanism by which anyone can easily make payments is necessary. If more of a cryptocurrency can be obtained and the value of the cryptocurrency rises when the currency is spent, the number of users will increase and create one large community. If the value of the currency itself semi-permanently rises, the frequency with which people spend the currency will proportionally increase. This loop is the underlying mechanism of creating an economic zone on the axis of a cryptocurrency.
The currency called mine materializes this mechanism, which we call the mine economic zone. We firmly believe that only mine and the mine economic zone can realize the vision of creating a world where cryptocurrencies are widely used, which we seek, and lead people to richer lives.
Its basic element is to construct a vast mining farm with funds raised through an initial coin offering (ICO) and daily distribute the cryptocurrency that can be obtained through mining according to the number of mines held. In addition, the value of the currency constantly rises because reinvestment in the mining farm is automatically repeated. This is a mechanism that keeps raising the value as the mine is spent, which is a big difference from other cryptocurrencies and is what we call the mine economic zone.
Mine have two features which are very different from conventional tokens. Those are:
1. The cryptocurrency you own will increase every day only by holding Mine.
2. The value is constantly raising since reinvestment is automatically repeated,
Mine also has four basic elements indispensable for creating this mine economic zone. Those are:
> Mining Farm
An actual factory to mine cryptocurrency.
At the mining firm, the latest GPU is
installed to mine Ethereum; but, changing
the type of machine used or the
introduction of ASIC is considered when
following the trend of the day.
> Mine Wallet
A wallet function accompanying mine. In
addition to mine, BTC, ETH, XRP, XMR,
and ADA are also supported, and
supported coins will increase. To receive
distribution every day, mine must be stored
in the mine wallet. Of course, it can also
be transferred to another wallet. In that
event, however, daily distribution cannot be
received. To receive distribution, mine
must be stored in the mine wallet for at
least 24 hours.
> Mine Debit Card
The Visa debit card can make payments
with the cryptocurrency stored in the mine
wallet. The priority of which currency is to
be used to make the payment can be freely
set by the user. The feature of the mine
debit card is that several percent of the
amount paid can be returned in mine. This
is realized by appropriating part of the
settlement fee to investment in the mining
farm.
> Mining of Things (MoT)
MoT is the idea of putting what is related
to mining on things. With mine, mining is
carried out every day at the mining farm
and the cryptocurrency obtained through
mining is distributed to mine holders.
Adding such a mechanism of distribution
to “things = commodities” was named
MoT. This is an important factor in
expanding the mine economic zone.
MINE ICO DETAILS
While a typical ICO project will distribute some of the issued tokens to the issuer or their stakeholders, our project will allocate 100% of the issued tokens to the token sale participants.The reason for this arrangement is that we believe allocating free tokens to the issuer is unfair given the nature of our project, which is about investing in the mining farms. Consequently, we as the issuer will also participate in the token sale under the same conditions required for general participants. We plan to purchase $5 million worth of tokens. Note that, while there is no limit to the total amount of the mine tokens issued, the token’s issuance after the token sale will be implemented with the Proof of Use (usage of the debit card) mechanism only, ensuring that the value of mine tokens will not be reduced by the increased token supply.
MINE ROADMAP
MINE TEAM
FOR MORE INFORMATION ABOUT MINE
WEBSITE | BITCOINTALK | TELEGRAM | TWITTER
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