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Blockmine

GOLD NUGGET

Price
$0.0031
12/3/2022, 4:39:58 PM
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Blockmine price is unchanged in the past week.

The current price is $0.0031 per GOLD NUGGET. The new price represents a new all time high of $0.0031.

About

What Is Blockmine (GOLD NUGGET)?

Blockmine (GOLD NUGGET) is a long-term liquidity mining solution based on the Binance Smart Chain (BSC). Liquidity mining is a process where crypto holders lend assets to a decentralized exchange (DEX) in return for rewards. Blockmine aims to solve the major issues associated with liquidity mining by providing services like non-fixed coin minting, automatic smart buybacks, and coin burning (to ensure stable growth).Coin burning occurs when tokens are reduced from circulation to reduce their supply.

The native token of the platform is GOLD NUGGET. Users require a GOLD NUGGET token to access features on the platform. According to its whitepaper, native tokens can experience inflation over time. While some yield farms have devised max-supply methods, these solutions cannot pay out prizes once the maximum supply has been achieved. The platform provides both limited tokens and unlimited native tokens ($GOLD NUGGETs) to tackle this limitation (inflation of unlimited tokens). These tokens give the users exclusive benefits like governance and the ability to utilize platform games’ features.

Native tokens can be burned by playing the lottery or other games. However, the Blockmine team feels that this method will not prevent inflation in the long run unless more users join or more tokens are burned. The rarer a token is, the higher its value gets. The minting of these tokens is subject to burning native tokens as a form of deflationary measure. Deflationary tokens decrease in supply over time.

The platform has three limited utility tokens:

  • $GOLDCOIN Token

  • $GOLDBAR Token

  • $BITBAR Token

Some products of the Blockmine Platform are:

  1. WildWestVerse- #WILDWESTVERSE is a type of platform’s metaverse inspired by Blockmine’s main aspects, which are DeFi, NFTs, and blockchain-based gaming, set in a Blockmine Wild West theme.

  2. Non-fungible Cowboys- NFC or Non-Fungible Cowboys are a set of Collectible NFTS on the platform.

  3. Gaming- The platform currently has two types of games: CoinFlip and

-CoinFlip is a classic heads/tails coin flip game. The user chooses either ‘heads’ (#teamheads) or tails (#teamtails) and flips the coin. Following the conclusion of the round, one player may call bounty flip and earn some BNBs as a prize for helping in keeping the game running. The team that comes out on top wins.

-GunSlinger- An NFT based 1vs1 shooting game.

History of Blockmine (GOLD NUGGET)?

As per its whitepaper , the platform was launched in May 2021. The maximum supply of GOLD NUGGET tokens is one million.

References-

  1. https://www.coinbase.com/price/blockmine

  2. https://block-mine.io/

  3. https://www.coinbase.com/cloud/discover/protocol-guides/guide-to-bsc#:~:text=Binance%20Smart%20Chain%20is%20a,its%20own%20smart%20contract%20capabilities

  4. https://academy.shrimpy.io/lesson/what-is-liquidity-mining#:~:text=Liquidity%20mining%20is%20simply%20a%20passive%20income%20method,earned%20from%20trading%20to%20each%20liquidity%20provider%20proportionally.

  5. https://www.coinbase.com/learn/crypto-basics/what-is-a-dex

  6. https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/mint

  7. https://www.coinbase.com/learn/crypto-basics/what-is-a-token

  8. https://www.coinbase.com/learn/crypto-basics/what-are-nfts

  9. https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/airdrop-

  10. https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain

  11. https://www.coinbase.com/learn/crypto-basics/what-is-defi

  12. https://docs.block-mine.io/whitepaper/milestones

  13. https://www.investopedia.com/tech/cryptocurrency-burning-can-it-manage-inflation/

  14. https://www.coinbase.com/learn/crypto-basics/what-is-the-metaverse

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FAQ

What is the current price of Blockmine?

The price of 1 Blockmine currently costs $0.0031.

What other assets are similar to Blockmine?

Assets that have a similar market cap to Blockmine include Ethereum 2, Ethereum, Tether, and many others. To see a full list, see our comparable market cap assets.