We have a project we’re considering for our lineup in late Oct/Early Nov that has passed Council of Asgard (made up of our team and advisors) review and is moving to primary Community Review. This is not a Yes/No vote, but we want to provide you all the information we have to start a community discussion.
MINE Network (previously Polkamine)
MINE Network is the first decentralized Standard Hashrate-Token protocol that solves the liquidity problem of miners on multi-chains, bringing Cash flow to the mining industry while lowering the barriers to entry for retail miners. By tokenizing the mining power from PoW based cryptocurrencies like Bitcoin, Ethereum, Filecoin, Litecoin, and others, MINE Network issues standardized Hashrate-tokens called pTokens. Every standardized Hashrate-Token is a synthetic token that represents a certain part of mining power from a unique mining blockchain and is also collateralized by its standardized mining power. The pTokens can be bought and sold on CEXs or integrated into single and cross-chain DeFi protocols (like DEXs, lending protocols on Polkadot, Ethereum, HECO, Binance Smart chain, etc.). This increases the liquidity and Cash flow for miners who are using MINE Network to tokenize their Hashrate. Staking these Hashrate tokens gives individuals interested in mining the opportunity to earn mining rewards without owning mining equipment themselves. To monitor the on-chain revenue data of different blockchains in real time, MINE Network will use Substrate’s OCW (Off-Chain Worker) oracle. Uploading revenue information this way ensures that the provided data is open and transparent for all participating parties.
~powered by Polkadot
MINE Token Sale Primer
MINE One Pager
Here is a latest project sent to us (Thorstarter) by MINE Network:
Final version of Tokenomics:*
The initial circulating supply was lowered drastically, also some changes in the allocation shares were made. A very low initial circulating supply lowers the selling pressure after launch to drive the price up.
- We are very happy to welcome three new advisors to our side:
Orion Depp - Master Ventures Polkadot VC fund
Anthony Blackburn - CMO VAIOT, ChainX, Drife and others
Founder and CEO of TerraCrypto
Nikita Vassev is an entrepreneur, investor, producer of digital and blockchain projects, speaker at international conferences and forums. Founder of the 13Exchange p2p platform aggregator, the Six Touches Agency digital agency and the largest specialized project TerraCrypto, which unites miners and community traders from all over the world. TerraCrypto held events in Germany, Russia and the CIS countries, the team is well acquainted with different mining markets and its features. The project partners were F2Pool, Avalon, BITMAIN, Binance Pool, EMCD, MSK miner and many key market players.
Target launch date October 2021
“Testnet is possible to launch in early Oct, which means once we complete the IDO, we will have our testnet for the public”