MINE NETWORK
Here is my overall review on the Mine Network Token Project.
Firstly, this project tends to achieve the process of tokenizing Hashrate. This only infact is a huge milestone that'll be very beneficial to small scale individual and to all and sundry.
This infact is a very big feat when achieved eventually because it will solve many different problems of the mining industry such as:
Contributing to and support the adoption of clean energy in the mining sector
Operating in a highly credible and standardized self-sustaining ecosystem
Bypassing the high costs of mining gear maintenance and upgrades
Liquidity Hindrances for Miners
Mining Pools Lack of Standardization
Mining Pools Lack of Credibility
MINE Network is the First Decentralized Multichain Hashrate Token Protocol that solves the liquidity problem of miners on chains like Bitcoin, Litecoin, Ethereum, and Filecoin. MINE Network will standardize the mining power from different mining pools for different mining projects and issue hashrate tokens. Every hashrate token is a synthetic token that represents the mining power of a unique mining blockchain and is also collateralized by standardized mining power.
MINE Network will also use Substrate’s OCW off-chain oracle workers to monitor the on-chain revenue data of different mining projects in real-time and upload revenue information to ensure that the data is open and transparent for miners.