METAMINE TOKEN

in #blockchain3 years ago

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WHAT IS METAMINE?

Combining our experience in behavior modification, DAO Development, Crypto Mining and world Policy, MetaMine introduces a inexperienced mining community in an exceedingly world designed on DAO mode

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MINING AS A BASIC ACTIVITY

Mining is that the method of extracting helpful materials from the planet. variety of samples of substances that ar well-mined embody coal, gold, or ore. The mining method has existed since prehistoric times. Prehistoric individuals initial well-mined flint, that was ideal for tools and weapons as a result of it bust into shards with sharp edges. Mining of gold and copper has conjointly been around since prehistoric times.

Several countries read the mining sector because the main engine of economic development. In fact, the mining business provides all natural resources. These resources act because the basis for high-speed development all told aspects of the planet.

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DAO GOVERNANCE

Whereas we tend to look for the most effective structure structure, we tend to order the democratic privileges of every participant. As a suburbanized platform, we tend to aim for democracy in an exceedingly a lot of stable, rational, or maybe cool method compared to today's human organizations designed on human judgment.

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METAMINE PROJECT

Combining our views on Metaverse Currency, DAO Development, formidable inexperienced Mining, and world Policy, MetaMine introduces the world's initial inexperienced mining community designed on DAO governance.

MetaMine is Associate in Nursing ASCII text file project on multiple blockchains and suburbanized Autonomous Organizations. The project is managed by the holders of the outstanding tokens. Through a system involving Committee Elections and Operational call balloting, members of the MetaMine community will vote on all operational choices of the MetaMine Project.

The MetaMine community has many main goals that we wish to attain in one single ecosystem:

  1. to produce current currency for Metaverse supported crypto mining.

  2. To revolutionize the crypto mining business, creating it greener and cleaner.

  3. To bring democracy to the organization, thus we tend to aren't afraid to be defeated by extreme powers.

The community can act as a basic a part of the virtual world, aka the Metaverse.

The community can issue a utility token. This token are going to be a key element for DAO governance, and at identical time, can function the universal currency within the Metaverse.

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CURRENCY OR RESOURCES?

One will continually argue that resources ar resources whereas currency is currency. And indeed, in today's world, thanks to cultural divisions and inter-sovereign competition, governments tend to form sovereign currencies to safeguard their several economic systems. however what if we tend to solely had a unified society within the world? can we would like a sovereign currency again?

If we tend to browse the history before and through most of the nineteenth century, international trade was denominated in an exceedingly currency that drawn the burden of gold. Most national currencies at the time were simply a distinct method of measurement the burden of gold

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MINE TOKEN

MetaMine introduces the world's initial exchangeable token, ticker as MINE, that permits each holder to participate in shaping a democratic crypto mining community and might even be used as a universal currency within the Metaverse.

One will become Associate in Nursing advocate to steer the direction of the MetaMine community to revolutionize the mining business by holding MINE tokens and proactively submitting ballots. One also can pay MINE as a universal currency in exchange for different properties within the Metaverse. Initial supplying of MINE are going to be corrected, and no further MINE are going to be issued unless community members like better to do thus.

The burden of the MINE balloting is proportional to the typical of the MINE tokens within the voters' address throughout the balloting amount. In different words, the a lot of MINE tokens keep at the address and also the longer the MINE tokens ar keep, the larger the voter's decision-making power.

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BITCOIN, BLOCKCHAIN ​​AND BITCOIN MINING

BITCOIN (BTC) AND BLOCKCHAIN
Bitcoin was created by Satoshi Nakamoto, WHO printed the invention then enforced it as open ASCII text file. Bitcoin may be a digital plus that's generated and transferred via a public distributed ledger referred to as the Bitcoin blockchain. Bitcoin's innovation lies in its ability to coordinate trust and facilitate the transfer of import while not counting on a centralized authority.

Bitcoin are often used like rescript currency to create transactions, or it are often changed for rescript currency itself on digital plus exchanges. Blockchain consists of records referred to as “blocks” that ar cryptographically joined and timestamped as they're accessorial to the chain. The Bitcoin blockchain may be a special public ledger for Bitcoin, wherever Bitcoin transactions and holdings ar recorded. one in every of the most options of a ledger is unchangeableness, or the shortcoming to control entries once they need been entered into the blockchain.

Since the ledger is public and distributed, it's not owned by a person entity that uses it. This feature is intended to extend security and trust within the network. Individual users act with the general public network through their wallets, that hold every individual's Bitcoin holdings and ar secured therewith individual's personal key.

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BITCOIN MINING

Bitcoins don't exist physically and ar simply virtual sequences of information. there's no central authority for Bitcoin, like a financial institution dominant the currency.

Instead, programmers solve advanced puzzles to support Bitcoin transactions and earn Bitcoins as rewards. This activity is termed Bitcoin mining.

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MINE TOKEN

The MINE token is at the core of the MetaMine community. It plays a key role in serving totally different functions. Through one token, everybody can have identical quantity of incentive to contribute to the MetaMine community.

We tend to initial introduce some terms
✅ OFFICIAL ACCOUNTS, accounts in several chains issued by suppressed MINE tokens and community funds. The community contains a MINE token during this account and it'll be discharged in an exceedingly clear method.

✅ TOTAL CIRCULATING TOKEN, all tokens owned and issued however not in official accounts. It conjointly refers to all or any MINE tokens that have balloting rights.

✅ COMMITTEE ELECTORAL MOVEMENT(CEM), sensible contract wont to elect, remove, or replace Committee members for the MetaMine Community.

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Bitcointalk username: Senkuli

Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=996827

Bep-20 Address: 0x17a1115292633329197aDaa5EF302a4CD7841bfA

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