What Is Minebase (MBASE)?
Minebase is a token that is created through fees There are 250 million tokens in total. Everyone who sends a Coin in the Crypto Network, has to pay transaction fees. These existing fees are used to create the token. 45 million of these tokens were distributed to users through a bonus program All other The Tokens are only created by fees…No one has to invest anything. We call this process CTP Creative Token production.
The starting CTP price of the token is $6.50 So there must be $6.50 in fees for the token to be created The token can only be created by CTP. Anyone can register their own wallet address with Minebase Coin (maximum 5) the fees will be charged until 6.50 is reached to create a token. Furthermore, the user can deposit tokens in the wallet.
From 10 tokens the user automatically receives a wallet to create the token. (Maximum 20 wallets with 550 tokens that have to be deposited. All fees that these wallet addresses have will be credited to the user. With an Algorithm the CTP price increase. Starts at $6.50 up to $793.000. The more tokens are created the higher the price will be.
| Coin Basic | Information |
|---|---|
| Coin Name | Minebase |
| Short Name | MBASE |
| Total Supply | 2,698,707 |
| Max Supply | 250,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Blockchain Activity
Proof-of-Work blockchains consume a lot of energy through the mining process to create new cryptocurrency. Thanks to the in-house developed CTP algorithm, MBASE tokens are minted through the transaction fees generated by the entire crypto network
What Is Base MBASE
They have discovered it is possible to create a new token similar to Bitcoin with an algorithm without massively polluting the environment. No tokens are sold but created by the fees in Etherscan, the Bitcoin network, from the decentralized top 20 exchanges and by an app with which one can produce these tokens. The token value is determined by fees. We call this process CTP which stands for Creative Token Production.
If you look at it in such a way, the Bitcoin value was also determined by solving complicated computational problems that became more and more complex. Certainly, security plays a significant role here. However, with this model, we have solved the security issue with a smart contract. They include the entire crypto market with the creation of the Minebase token.
Games Burning Program
Games / Burning program The website www.minebase.com will offer games in the future. Play to earn The token is used for payment. e.g. competition games 10% of the tokens that are in the game are burned NFT If the user buys a NFT with Minebase Tokens, he gets an additional advantage in the Minebase system. As the CTP price increases by an algorithm, the user with the NFT value (e.g. 100 Minebase tokens) can buy the Minebase token for half the price for these 100 tokens.
CTP Token Burning system
Starting September 9, 2022, our CTP system will receive a major upgrade. The Minebase token is created by fees from the entire crypto network. In order to keep the token stable in the long term we have created a combustion formula of the Minebase token.
Formula Creation fees price + Created tokens (price) : 4= Sum This sum is divided by the current token price. (These tokens are burned) This process is done monthly.
Minebase CTP linked to Exchanges The CTP price Will be linked to the exchange. This means there is a difference between CTP price and exchange price. If the exchange price is lower than the CTP price, the CTP price will increase by this difference. It is about creating a balance between the stock exchange and CTP system Example.
If the exchange price is 4 dollars and the CTP price is 6.50 $, the difference is 2.50 $. The CTP price will increase by this 2.50 $. So now they have to reach $9 to create a token. Conversely, the exchange price is higher than the CTP. In this case, the CTP price will fall by the difference. For example, the CTP price is at $6.50 and the exchange price is at $8.50 then the CTP price drops by two dollars to $4.50.
The Roadmap
August 2022 Minebase start
Since the App cannot be offered at the time of launch, there is a possibility to start CTP on a PC. You can test it for free.
November 2022 /the App launch
Two operating systems are offered: IOS and Android. The App will cost $5.90 for the first six months.
August 2024 /halving
In two years, the creation of Minebase tokens with the App will be halved. Thus, when you create the MBASE, you will receive the code already at 50% of the MBASE created. Therefore, with two devices, you only need half the time to create an MBASE. This process repeats every two years: in August 2026, August 2028, August 2030, etc. The process goes on until all MBASE are created.
