Minebase

Minebase: A Token Minted by Transaction Fees

Minebase (MBASE) represents a groundbreaking digital asset, distinguished by its unique method of token creation. Unlike the traditional, energy-intensive mining processes used by many cryptocurrencies, Minebase employs a novel approach known as Creative Token Production (CTP). This method leverages transaction fees from various blockchain networks, such as Ethereum and Bitcoin, to generate MBASE tokens. This innovative process aims to offer a more sustainable and efficient way to produce valuable tokens.

Here's a comprehensive overview of the key aspects of Minebase:

Token Creation:

CTP: Rather than relying on mining, MBASE tokens are created through the transaction fees collected from existing blockchain activities. This method is known as Creative Token Production, which seeks to minimize the environmental impact associated with traditional mining.

Limited Supply: The total supply of MBASE tokens is capped at 250 million. Once this limit is reached, no further tokens will be minted, ensuring a controlled and finite supply.

Starting Price: Each MBASE token is initially set at a value of $6.50. A new token is minted whenever the cumulative transaction fees reach this threshold, maintaining a direct correlation between network activity and token creation.

Key Features:

Environmentally Friendly: By utilizing CTP, Minebase avoids the energy-heavy processes of traditional mining, positioning itself as a more sustainable option in the cryptocurrency space.

Inflationary Model: The gradual increase in the total supply of MBASE tokens may influence the token's value over time, reflecting an inflationary model that's important for investors to consider.

Community-Driven: The generation of MBASE tokens is a passive process that anyone using blockchain networks can contribute to, fostering a sense of community and collective participation.

What's New in the Latest Version 1.1.2

Last updated on Oct 22, 2024

Veelive Character Packages Added! We are thrilled to introduce new character packages that will enhance your Veelive experience, offering more customization and fun.

2FA Settings Enabled In our ongoing commitment to security, two-factor authentication (2FA) settings are now available. Enable 2FA to add an extra layer of protection to your account and ensure peace of mind.

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