The blockchain platform, Mina, has garnered significant attention from users for a considerable period, having been sold on Coinlist. Furthermore, the Mina Protocol has been ranked amongst the top trending search projects in mid-2021. We encourage you to delve deeper into this promising project alongside the 247BTC community.
What is Mina Protocol (MINA)?
Mina is the first cryptocurrency protocol to feature a unique proprietary blockchain. Leading cryptocurrencies such as Bitcoin and Ethereum contain thousands of gigabytes of data and it is certain that with the increasing use of network connections by users, blockchain usage will also grow rapidly and develop strongly.
Mina was born with a mission to provide users with a blockchain featuring numerous useful and fast functionalities that address the current issues of the blockchain industry. It aspires to become a global payment system in the future.
The salient feature of the Mina Protocol
Project development teams for both typical and top-performing blockchains aim to expand their network daily by constantly upgrading and updating to provide the best possible service to users.
However, there are also some drawbacks associated with this situation, namely network congestion issues arising from all blockchain networks’ desire to improve, attract users, and differentiate themselves from their peers.
Despite the increasing number of users, Mina operates on a distinct mechanism that keeps its network at a constant size of 22KB1, equivalent to a few tweets. This feature essentially facilitates faster syncing and verification for users while minimizing the risk of network congestions.
In addition, the network aims to address the issue of blockchain expansion and provide support to users in utilizing hardware to develop a fully decentralized network.
Benefits of holding MINA Token
The possession of MINA Token grants users the entitlement to the following advantages:
- Giao dịch: MINA is used to transact and execute transactions on the network.
- Staking: It is possible for users to stake MINA tokens, thereby earning rewards from the network.
- Thanh toán: Mina can be utilized as a means of payment on the Mina Protocol to incentivize users in creating fresh blocks.
- Furthermore, MINA is utilized for engaging in communication with other dApps constructed on the Mina ecosystem, such as Snapps.
Team, Investors, and Partners
- Evans Shapiro is the CEO and Co-Founder of O(1) Labs.
- Joon Kim is General Counsel (GC) of O(1) Labs.
After more than four rounds of funding, the project has successfully raised $44.7 million and has been invested in by prominent investors such as Three Arrows Capital, Coinbase Ventures, Paradigm, Polychain Capital, and Hashkey.
And some of the following investors: High Naut Capital, Bixin Ventures, Accomplice, General Catalyst.
Mina has established a strategic partnership with Finoa, a technology protocol, which has gained her a significant reputation after a considerable duration of collaboration and mutual support.
Roadmaps and Updates
Some updates on the project’s roadmap in Q1 2022 are as follows:
- Easy Snapps Programmability on Mainnet.
- Snapps SDK.
- Multi-Environment Setup.
- Bridge to Ethereum.
Information MINA Token
Token Metrics MINA
- Token Name: Mina Protocol
- Ticker: MINA
- Blockchain: Mina
- Token Standard: Updating
- Contract: Updating
- Token type: Utility, Governance
- Total Supply: 880,852,492
- Circulating Supply: 331,652,767
MINA Token Allocation
MINA Token Sale
MINA Token will be sold on Coinlist from March 13, 2021 – March 15, 2021.
Details are as follows:
- Tokens for Sale: 75,000,000 MINA
- ICO Price: $0.25
- Exchange: Coinlist
- Soft Cap: TBA
- % of Total Supply: 7.5%
- Fundraising Goal: $48,150,000
- Accept: USDT/USDC/BTC/ETH
- Personal Cap: $50~$1000
- Access: Public
MINA Token Release Schedule
An assessment regarding the future prospects of Mina
The Mina Protocol project exhibits immense potential and is capable of rivalling numerous other ecosystems that currently exist in the crypto market, primarily due to its versatile nature and high level of applicability.
In early February 2023, as Binance announces the integration of ZK-SNARK and the current market sentiment is quite bullish, it is expected that the MINA cryptocurrency will experience a surge in investment due to its association with the ZK coin ecosystem.
However, in my personal opinion, if the MINA system is to experience significant long-term growth, it is essential for the system to include at least one or a few projects with strong potential and listed tokens on major exchanges.
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