MinePro Documentation
  • Introduction to minepro
    • Project overview
  • The problem
    • Power cost
  • Solution
    • Logic Mining through MinePro
  • Halving effects
    • The gap increases further between industrial & retail Bitcoin mining
  • Competing solutions
    • Unattractive power rates and investment models
    • Startup style “cloud” mining, and zero revenue protocols.
  • Expansion
    • Hosting arm
  • Facility
    • Logic Mining's facility
  • $MINE deflation
    • $MINE as a deflationary asset
  • Opportunity size
    • Opportunity size
  • Internet Computer Protocol
    • Why ICP?
    • Decentralization
  • Long term vision
    • Long term vision
  • transparency
    • Transparency
  • team
    • The MinePro team
  • Tokenomics Abstract
    • The $MINE token
    • How $MINE works
  • In-depth tokenomics
    • $MINE use cases:
    • Tokenomics split
    • Staking mechanics
    • Sale minimums & maximums
    • SNS Parameters
    • Potential Attack Vectors
    • Funding Disbursement
    • Business model & profit split
  • Legal
    • Legal agreements and safeguards
  • Roadmap
    • Roadmap
  • Partners & ecosystem
    • Partners & ecosystem
  • more
    • Links
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  • Staking for monthly ckBTC rewards
  • Governance/voting:
  • Store of value/price speculation
  1. In-depth tokenomics

$MINE use cases:

All utility and use cases of $MINE for DAO members are detailed below:

Staking for monthly ckBTC rewards

Governance/voting:

$MINE is additionally the governance token of the entire MinePro protocol, by holding $MINE, you legally own a piece of MinePro's mining operation and protocol. $MINE holders will be able to gain voting rights to any proposal for the MinePro Dao, as well as create their own proposal to vote on. This is decentralized, and facilitated through the Internet Computer Protocol.

The voting rights are to be distributed amongst the Dao. All actions within MinePro are subject to a DAO vote via proposal. This includes the treasury allocations, purchase of ASICs, changing of fees, dapp upgrades. and all future development. To vote, $MINE holders will need a minimum of 2000 tokens in a neuron, with a minimum dissolve delay of 3 months. All failed proposals will cost the proposer 100 $MINE.

Store of value/price speculation

$MINE can be used as a store of value, as well as have it's price speculated upon by short term traders and long term community members alike, like the vast majority of cryptocurrencies. By staking $MINE, holders can earn in 2 ways at the same time through monthly ckBTC dividend payments as well as positive price action of $MINE. (positive price action is of course not a guarantee).

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Last updated 10 months ago