About UncleMine Ico
UncleMine is a decentralized protocol utilizing cryptography technology to convert all kinds of computing power into universal and verifiable on-chain proof, to realize the true mapping of off-chain computing power to on-chain smart contracts, and to give computing resources and computing power liquidity, programmability, and composability. Through the incentives of the economic model, computing power is integrated into existing DeFi ecosystems and becomes a unique asset class in the decentralized world.
The computing power resources owned by Bitcoin and Ethereum miners ensure the normal operation of these networks, and support the storage and circulation of trillions of dollars in value. In terms of revenue, the current total annual output value of Ethereum’s computing power exceeds US$30 billion, and that of Bitcoin exceeds US$20 billion.
Token Basic Information
| Token Name | UncleMine |
| Token Symbol | UM |
| Ico Price | $0.060000 |
| Total Supply | 1.25% |
| Language | English |
| Personal Cap | 100USDT-1600USDT |
| Tokens for Sale | 12,500,000 UM |
| Whitepaper | Click Here For View Whitepaper |
| Website | Click Here For Visit ICO Homepage |
Why UncleMine?
MA lacks liquidity and MA holders projects lack effective fundraising channels in typical cryptocurrency ecosystem.
Many MAs cannot be decentrally verified and are difficult to integrate into the mainstream DeFi ecosystem.
Ordinary investors cannot capture the great value of MA by participating in the project.
Solution
UncleMine IMO platform
UncleMine first verifiable MA-based financing platform to increase the credit endorsement of fundraising projects.
UncleMine VMA Oracle
The universal mining asset verification protocol promotes the integration of MA and the existing DeFi/DApp ecosystem, introducing new asset classes to DeFi.
UncleMine DAO
UncleMine Coin Incentives and governance on Verifiable MA based fundraising and DeFi applications, helping investors realize the value capture of MA.
Verification Layer
Trustlessly generate zero-knowledge proofs to prove the existence of computing powerStore proofs on-chain, with a scaleable layered storage methodVerification nodes also act as an decentralized oracle to update data to smart contracts on multiple blockchains
Application Layer
UncleMine Mint computing power backed NFT that can be verified by anyone Marketplace for all kinds of tokenized computing powers/assets Standard oracle API for third-party applications, enabling innovative computing power backed DAPPs such as Decentralized Multi-Power Mining Pool, Initial Miner Offering, Computing Power DAO etc.
Incentive & Governance Layer
Treasury & DAO governance Limited UncleMine community NFT with extra voting power and more benefits Well designed incentives for all participants.
UMVL (Validation Layer) – The universal mining asset verification layer
On-chain validation
With the continuous development of DeFi, the concept of liquidity mining has been accepted by more and more participants. The LP tokens generated by liquidity mining are very high-quality on-chain assets. The principle of UncleMine’s on-chain asset verification is to use smart contracts to allow asset owners to pledge LP tokens within a unit time, thereby forming asset trust endorsements.
Off-chain validation
UncleMine continuously generates simple zero-knowledge proofs through decentralized nodes to prove the existence of computing power. For the generation and verification scheme of the proof of computing power, please see our research papers.
Since the proof of computing power is generated off-chain and cannot be used directly by smart contracts, they also need a set of middleware tools to credibly transmit the generated proofs to the chain. They call this the computing power oracle. The UM computing power oracle is the interface between the off-chain computing power proof and the on-chain smart contract.
It consists of a series of APIs and smart contracts. First of all, the computing power oracle uses the computing power proof generated by the off-chain nodes as input, and through the collaboration between the nodes, the credible proof is transmitted to the specified on-chain contract in real-time.
Mining Assets NFT
Mining Assets NFT is the most unique digital asset in the UncleMine ecosystem, and can only be minted through the proof of computing power or LP tokens provided by the UncleMine protocol. The mining asset NFT represents the computing power resources & LP tokens that actually exist in the physical/virtual world, which is guaranteed by UncleMine’s cryptographic scheme to be true and effective.
The mining assets NFT can be used in the UncleMine ecosystem and other related DeFi applications, using multiple computing power NFTs to form a decentralized mining pool, and using mining assets NFT as collateral to borrow other assets in DeFi lending applications besides IMO. The value of mining assets NFT itself will continue to be tapped with the development of the UncleMine ecology, exceeding the value of mining asset in the universal world.
