UncleMine Overview
WHAT IS UncleMine?
UncleMine is the first fundraising, #DeFi, and #DAO platform supported by provable mining assets is. By using a zero-knowledge-based VMA Oracle, UncleMine puts both real and virtual mining assets into the on-chain ecosystem, allowing the Defi world's infrastructure resources to move freely.
OVERVIEW
UncleMine Protocol's main goal is to use cryptography technology to transform all forms of computing power into universal and verifiable on-chain proofs, realize the true mapping between off-chain computing power and on-chain smart contracts, and provide computing resources and power with liquidity, programmability, and composability.
UncleMine aims to redefine the type of computing power in the next-generation Internet by utilizing cryptographic technologies like zero-knowledge proof to integrate on-chain liquidity and off-chain computing resources, break down barriers between different off-chain computing resources and virtual worlds on blockchains, create a smooth financing channel to assist MA holders, and open to provide MA liquidity as a new on-chain asset.
Computing power is integrated into current DeFi ecosystems and develops into a distinct asset class in the decentralized world according to the economic model's incentives. The UncleMine concept can be broken down into the following levels in order to accomplish this goal:
UncleMine Verification Layer (UMVL): The layer of verification that uses, but is not limited to, smart contracts, zero-knowledge proofs, aggregated signatures, and verifiable delay functions to combine processing power from the real world with mining from the virtual one. We may create a proof of assets for the assets on-chain by using smart contracts to mortgage LP tokens. And for the off-chain portion, the cryptography technology converts the physical computing power resources and computing power assets into digital expressions that are abstract and quantitative by converting them into unchangeable, verifiable cryptographic proofs. These mathematical demonstrations of processing capacity, meanwhile, are frequently quite esoteric and cannot be immediately applied to smart contracts, much less economic integration. The on-chain storage of the off-chain computing power proof is made possible through a number of smart contracts, and a standardized Oracle interface will be made available. This will bring computing power assets into the smart contract layer and make them compatible with numerous existing DApp/DeFi applications.
UncleMine Application Layer (UMAL): Any decentralized application can access a variety of computing power proofs as input data to expand the capabilities of its own applications by using the on-chain proof offered by UMVL. Additionally, third-party apps may ask UncleMine to add particular kinds of processing power proofs or unique proof criteria. A public finance platform supported by mining assets, also known as IMO, is the first application that the UncleMine team has suggested (Initial MiningFi Offering).
UncleMine Incentive & Governance Layer (UMIGL): The ecology of UncleMine's incentive and governance layers. Although the code is only a small portion of UM, UMVL and UMAL have discovered a viable avenue for computing power and applications. The goal of UM necessitates the involvement of numerous groups, including community members, users, developers, and computing power suppliers. As a result, governance and incentives are crucial components of UM, including:
UncleMine Tokenomics
UncleMine DAO
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