Tokenization of Bitcoin mining through $MINE
Last updated
Last updated
$MINE solves multiple pain points for retail when it comes to Bitcoin mining. For most, Bitcoin mining is simply inaccessible, and not worth the upfront capital, time, or learning curve associated with setting up your own mining operation. $MINE as a tokenization model solves these issues by allowing any size holder to earn rewards from an industrial level operation. $MINE is sellable at any time and holds value through multiple mechanisms. It provides real ckBTC profit dividends to $MINE staked investors every month.
Essentially, the $MINE product transforms any retail investor's Bitcoin mining entry proposition:
From: Invest at least 5 figures minimum up front, then hope you earn enough Bitcoin to cover this cost over several years.
To: Invest any amount into a liquid asset, which holds inherent value, has tremendous up-side potential, and is sellable at any time within seconds. Staking $MINE distributes monthly ckBTC mining profit dividends from an industrial scale mining facility with the highest profit rates in the industry directly to your wallet. This is RWA tokenization at its best.
We have completely expedited and streamlined the Bitcoin mining experience for retail investors. Completely removing the capital barrier of entry, as well as condensing the task of recouping investment, which can take mere months.
In order to start earning a share of the protocol's Bitcoin mining profits, holders must purchase and stake $MINE. Monthly ckBTC mining profits are distributed to $MINE staked investors on a monthly basis. These profits are paid out in ckBTC and are instantly claimable for each staked investor straight from our Dapp, fee free. After claiming their ckBTC dividend payment, investors can then decide to either buy more $MINE tokens and stake them (compound) or simply spend their ckBTC profit as they please.
[ENTRY INTO ECOSYSTEM CHART ALREADY MADE]
$MINE is crafted to attract high buy pressure with very limited sell pressure. This is achieved by only paying staking dividends in ckBTC, meaning the only time there is any sell pressure on $MINE is when an individual wants to stop receiving ckBTC dividends, and exit the protocol. The token price is designed to climb due to buy pressure as more and more ckBTC dividends are paid out (both through re-invested dividends/compounding, as well as new investors.)
The staking pool was designed to encourage volume both in, and out of the ecosystem, and it’s hedged both ways.
Scenario #1 Increased demand:
If demand were to skyrocket, and the percentage of staked holders were to scale dramatically, the rewards would have to decrease (obviously because there’s more holders to share them with.) But by design, there would be far less $MINE in circulation which would increase the price exponentially. At that point holders could sell their tokens and leave the ecosystem with their $MINE profits.
Scenario #2 Decreased demand:
If demand were to decrease and (for example) 50% of holders were to exit the staking pool and sell the $MINE token, the staking rewards would now DOUBLE because of the decreased pool size.
At the current rates, our APR on staked $MINE is roughly 5-15% per month paid in ckBTC. This is variable based on several factors:
Current price of Bitcoin.
Overclocking per month (usually 25% overclocking is normal.)
Remember, this is in addition to your $MINE principal that is staked and liquid. Meaning, you can sell this principal (and your rewarded ckBTC) at any time.
Holders earn ckBTC rewards by staking, check out our in-depth tokenomics here for more staking information.
Through a small [fees detailed here] the $MINE token model is deflationary. Through limiting sell pressure further through this deflationary model as well as never paying staking rewards in $MINE, while offering extremely attractive ckBTC monthly dividends, we have created one of the most advantageous token models for long speculators and our core community. There is a very limited amount of other projects that have the outside revenue available to create such a favorable trading environment.
