Minebase

Minebase: A Token Minted by Transaction Fees

Minebase (MBASE) is a distinctive digital asset that introduces an innovative method of token creation, setting it apart from conventional cryptocurrencies. Rather than relying on energy-intensive mining processes, Minebase tokens are generated through a unique mechanism known as Creative Token Production (CTP). This method utilizes transaction fees from various blockchain networks, such as Ethereum and Bitcoin, to passively mint new MBASE tokens. The aim is to provide a more sustainable and efficient approach to token creation, appealing to those concerned about the environmental impact of traditional mining.

Here's a closer look at the key aspects of Minebase:

Token Creation:

• CTP: Minebase employs Creative Token Production, where transaction fees from existing blockchain networks fuel the creation of MBASE tokens.
• Limited Supply: There is a total of 250 million MBASE tokens, and once this cap is reached, no further tokens will be minted.
• Starting Price: Initially, each MBASE token is valued at $6.50. A new token is created whenever this amount accumulates in transaction fees, ensuring a steady but controlled increase in supply.

Key Features:

• Environmentally Friendly: By avoiding the energy-intensive mining typical of other cryptocurrencies, Minebase offers a more sustainable alternative, appealing to eco-conscious investors.
• Inflationary Model: The total supply of MBASE tokens increases gradually, which may have an impact on the token's value over time. This aspect is crucial for investors to consider.
• Community-Driven: Anyone who uses blockchains can passively contribute to the generation of MBASE tokens, fostering a sense of community and shared benefit.

What's New in the Latest Version 1.1.2

Last updated on Oct 22, 2024

• Veelive Character Packages Added! We are thrilled to introduce new character packages to enrich your Veelive experience. Dive into a variety of characters to personalize your virtual world.
• 2FA Settings Enabled: For enhanced security, two-factor authentication (2FA) is now available in the settings. Enable 2FA to add an extra layer of protection to your account, ensuring your assets remain safe.

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