Minebase

Minebase: A Token Minted by Transaction Fees

Minebase (MBASE) stands out in the world of digital assets with its groundbreaking approach to token creation. Unlike the energy-intensive mining processes typical of traditional cryptocurrencies, Minebase tokens are generated through a passive and innovative method known as Creative Token Production (CTP). This method harnesses transaction fees from various blockchain networks, such as Ethereum and Bitcoin, to mint new MBASE tokens, promoting a more sustainable and efficient token ecosystem.

Here's a detailed look at the key aspects of Minebase:

Token Creation:

CTP: Instead of traditional mining, MBASE tokens are created using fees accumulated from transactions on existing blockchain networks. This method not only reduces energy consumption but also leverages the activity of other blockchains to generate value.

Limited Supply: With a cap set at 250 million MBASE tokens, the total supply is fixed, ensuring no additional tokens can be minted beyond this limit.

Starting Price: Each MBASE token starts at an initial value of $6.50. New tokens are created each time transaction fees accumulate to this amount, ensuring a controlled and predictable issuance.

Key Features:

Environmentally Friendly: By avoiding the energy-intensive mining processes, Minebase offers a more sustainable alternative in the cryptocurrency space, appealing to eco-conscious investors and users.

Inflationary Model: The gradual increase in the total supply of MBASE tokens introduces an inflationary aspect, which could influence the token's value over time. This model is designed to balance growth and value retention.

Community-Driven: The passive generation of MBASE tokens through transaction fees means that anyone using participating blockchains can contribute to the token's creation, fostering a community-driven approach to value generation.

What's New in the Latest Version 1.1.2

Last updated on Oct 22, 2024

Veelive Character Packages Added! We are thrilled to introduce new character packages that will enhance your Veelive experience, offering more ways to personalize and enjoy your interactions.

2FA Settings Enabled: To bolster the security of your account, two-factor authentication (2FA) is now available in the settings. We encourage you to enable 2FA to add an extra layer of protection to your Minebase experience.