Price
$0.000684
1/27/2023, 4:12:39 AM

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MINE Network can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

-

Volume (24h)

$5,227.14

Circulating supply

-

All time high

$0.63

Price change (1h)

-0.01%

Price change (24h)

+0.45%

Price change (7d)

-1.39%

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MINE Network is on the decline this week.

The price of MINE Network has fallen by 1.39% in the past 7 days. The price increased by 0.45% in the last 24 hours. In just the past hour, the price shrunk by 0.01%. The current price is $0.000684 per MNET. MINE Network is 99.89% below the all time high of $0.63.

The current circulating supply is 0 MNET.

About

What Is MINE Network (MNET)?

MINE Network is a standard Hashrate token protocol that works on the DeFi system. Hashrate measures the total computational power used to complete a transaction and mining. The Mine network resolves the liquidity problems miners face on multi-chains, lowering the barriers for retail miners while bringing cash flow to the mining industry. MINE Network issues a Hashrate-token called pTokens by tokenizing the mining power from proof-of-work-based currencies. The pTokens are traded on CEXs (Centralized Exchanges) or integrated into cross-chain and single DeFi protocols. Every standardized Hashrate Token is a synthetic token (token that is collateral-backed) representing some part of mining power and collateralized by the standardized Hashrate Token. 

As stated in its whitepaper, MINE Network offers solutions for multiple problems such as:

  • Liquidity: MINE Network helps miners liquefy their assets by issuing pTokens that can e traded on DEXs, CEXs, or collateralized to borrow USDT for liquidity.

  • Standardization: MINE Network creates standards for various mining powers and the minimum standardized Hashrate unit to become an open market with free entry and exit.

  • Credibility: MINE Network seeks to act as a transparent DAO to reduce the credibility problem. The goal is to be a decentralized protocol with community autonomy.

  • Get Clean: MINE Network has decided to tokenize hashrate of those miners who find a new energy source for mining. 

MINE Network uses three tokens to solve the issues mentioned above:

  • pTokens: pTokens are standardized Hashrate tokens anchored to the standard Hashrate unit. pTokens can be issued on the MINE Network blockchain and is issued further only when additions Hashrate are visible in the platform's mining pool.

  • wTokens: wTokens are output reward tokens issued on the platform's blockchain and anchored to the tokens produced in the mining pool of MINE Network at a 1:1 ratio.

  • MNET: MNET token is the native utility or governance token. The miners use MNET as a pledge to join in the platform's standard mining pools. Holders of MNET tokens have the right to vote for proposals. 

History of MINE Network (MNET):

MINE Network project was established in 2020. However, the official website was launched in the year 2021. The total supply of MNET tokens is one billion MNET. 

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FAQ

What is the current price of MINE Network?

We update our MINE Network to USD currency in real-time. Get the live price of MINE Network on Coinbase.

What is the market cap of MINE Network?

The current market cap of MINE Network is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of MINE Network?

The all-time high of MINE Network is $0.63. This all-time high is highest price paid for MINE Network since it was launched.

What is the 24 hour trading volume of MINE Network?

Over the last 24 hours, the trading volume of MINE Network is $5.23K.

What other assets are similar to MINE Network?

Assets that have a similar market cap to MINE Network include Twittelon BOSS, Crypto Gaming United, FIFA Champs, and many others. To see a full list, see our comparable market cap assets.

How many MINE Network are there?

The current circulating supply of MINE Network is 0.

Can I buy MINE Network on Coinbase?

Yes, MINE Network is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy MINE Network guide.