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 protocol, as well as create their own proposal to vote on. This is facilitated autonomously 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 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).

Tokenomics and Voting:

The $MINE token is a deflationary asset with a fixed initial supply. The total supply count of $MINE can only go DOWN.

The tokenomics are as follows:

• Total Supply – 400,000,000,000

• Treasury Allocation – 35% (Subject to DAO voting.)

• Decentralized Sale Allocation – 30% (Including Neuron Fund)

• Development Team – 15%

• Early Contributors – 10%

• Liquidity Allocation – 10%

Treasury Allocation – 35% (Subject to DAO voting.)

Decentralized sale allocation - 30%

Each participant in the Decentralized sale will have 2 options to receive their tokens:

• Stake immediately from the NNS with no vesting (3 months or higher.)

• Receive tokens in 3 separate equal neurons with 1 month dissolve delays, 0,3,6 months vested respectively.

Minimum neuron amount - 200 $MINE [CHECK]

MinePro development team - 15%

The development team's tokens will be allocated in a basket of 4 equal value neurons with each having a dissolve delay of 6 months, all neurons will be vested through a period of 36 months, with this time period starting at the beginning of the SNS sale.

The way these tokens will be vested is they will be dropped or "un-vested" in equal proportions every 12 months throughout the 36 month vesting period. As the development team receives 15% total supply overall, the first "un-vest" will be 12 months after the SNS sale for 5% of the total $MINE supply across all 4 neurons.

Staking mechanics:

The staking pools will be selected based on time duration (much like the NNS.) The longer staked, the higher the multiplier. Unlike the NNS however, stakers will have the option to unstake at a fee. Because the multipliers and rewards are significantly higher at longer duration, the fees will also be higher. This is necessary so that the holders can’t simply stake and absorb larger rewards then leave at will.

Staking durations:

30 Days – 1x Multiplier, 10% unstake fee.

90 Days – 2x Multiplier, 15% unstake fee.

180 Days – 5x Multiplier, 20% unstake fee.

1 Year – 10x Multiplier, 30% unstake fee.

2 Year – 20x Multiplier, 50% unstake fee.

5 Year – 50x Multiplier, 70% unstake fee.

How to earn monthly ckBTC dividends? Stake in the designated MinePro dApp

How are monthly dividends received? Claim from dApp.

Are any $MINE tokens paid out as staking rewards? $MINE is never paid out as a staking reward, the $MINE token is deflationary and staking rewards are paid in ckBTC ONLY.

Monthly dividend payment day: 1st of each month, 3PM EST time.

Sale minimums & maximums:

Minimum raised – 100,000 ICP

Maximum raised – 900,000 ICP

Minimum contribution per investor – 10 ICP

Maximum contribution per investor – 200,000 ICP

$MINE for sale in SNS - 120,000,000,000 $MINE (Neuron Fund included)

Minimum number of sale participants - 150

Sale end date - 12 days after sale starts, if maximum cap is hit before, the sale will end early.

SNS Parameters:

Failed proposal cost: Proposer will be charged 100 $MINE

Minimum neuron stake amount: 200 $MINE

Minimum neuron dissolve delay to vote on proposals: 1 month or 0.083 years

Dissolve delay bonus (this is bonus voting power given to users with higher dissolve delay): 2X power

The interval of dissolve delays within an SNS neuron basket: 0.25 Years

Maximum neuron age for age bonus: 0.5 years

Age bonus multiplier for neurons: 1.25X

These parameters can be changed by the MinePro DAO at any time through proposals.

Potential Attack Vectors:

We’ve Identified potential attack vectors in the decentralized sale. Although highly unlikely, its possible that 1 individual (or group) could purchase 75% of the sale allocation and immediately increase the dissolve delay of all of their neurons to the maximum of 4 years to attempt to gain more than 51% of the voting power. Then initiating a transfer of the total treasury of all $MINE and ICP to themselves. MinePro have conducted our tokenomics in such a way that this would not pose a threat, shown below:

Funding Disbursement:

We understand the mission of the SNS is to remain a decentralized entity, at the behest of Dao voting. However, within the RWA landscape that becomes a difficult task, considering you’re deploying “Real World Assets.” How do you bridge this gap? To have the ability to deploy proven income producing assets, and decentralization? Our answer to this is very simple. The Dao will own the assets. The primary purpose of the decentralized sale is to fund the physical miners (ASICS) within the facility. We will purchase Antminer S21’s which are the latest and most optimal solution. The miners will be accounted for, and owned, by the Dao in a SPV. They will be fully insured and housed on location at our facility. This isn’t an unproven concept, or an MVP, or a promise of revenues to come. This operation simply does not rely on mass adoption to produce revenue. This is an actual, verifiable revenue source, every month directly to the Dao.

Upon completion of the decentralized sale, all funds will be held in the treasury. At the time of purchase, MinePro will submit a proposal to withdrawal 80% of the funds. Of that, 90% of the funds will be used to purchase the miners, and the remaining 10% will be allocated for pipeline and facility maintenance.

Why 80% of the funds? –

The more miners we can get online immediately, the more rewards we can share with the Dao. It is in fact possible to purchase these miners in tranches, but it has inherent risk. The newest generation ASIC’s have overwhelming demand, so there’s no way to be certain of their availability in the future. Rather than potentially face a backorder situation, its best to fulfill the order when available. Also, there’s no way to guarantee future price. If the demand continues to rise, there’s a very good chance the miners will increase in price over the next 12 months. Purchasing in bulk secures the best rates from Bitmain. The goal is to be earning as soon as possible, to capitalize on upward price action of Bitcoin. The miners will be delivered via air shipping directly to our colocation facility in Alberta Canada.

And the remaining 20%?

These funds will be allocated for the following:

Maintenance salaries 25% – The site requires 24/7 security and maintenance. This includes the pipeline, container infrastructure, and network maintenance. This allows us to maximize uptime, and maneuverability, should any issues arise.

Replacement parts 15% - This includes server machinery, PDU’s, native electronic engine systems, pipeline mechanicals, and generator components. These systems are built extremely well; however, the mark of a good operation is the ability to resolve issues expeditiously as they occur. In the wake of a mechanical issue, not having the necessary parts results in downtime.

Capital reserves 10% – This would entail any legal work, filing expenses, and emergency allocations.

All existing infrastructure which includes, well installation, and container builds, have already been funded by our early contributors. Therefore, the only direct costs will be miners and upkeep. $MINE Tokens in the treasury are to be used to further grow the ecosystem. This can include bonuses for longer term staking, and incentivizing projects to join and host within the ecosystem. All will be subject to Dao vote.

$MINE liquidity pair - 50%

A part of the value creation of $MINE is the advantageous way the tokenomics are set up to encourage speculation and trading as well as having a real, proven, high yield RWA revenue source. For this, we allocate 50% of the remaining 20% total funds to spread across multiple DEXes on ICP. Note that this paragraph only details the ICP side of the liquidity pool, the $MINE side is detailed at the top of this documentation page.