The MINE token: how it, with DAO, drives the community and the project


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Since the launch of the famous white paper in 2008, the crypto space has exploded enormously, bringing with it a gigantic crowd of users who are the bedrock on which hundreds, if not thousands, of communities and projects thrive. Sharing or having an interest or goal as defined by Google, these community members have joined thousands of projects – funded crowdsourced ideas and helped onboard other potential members seamlessly.

The introduction of the burgeoning crypto trend, Decentralized Autonomous Organization otherwise known as DAO, has in myriad ways contributed to the growth of these communities through its principle of decentralization – giving power back to the people.

The MetaMine project, a DAO-run community that is built on the foundation of crypto mining as a sustainable solution for Metaverse currency, is leading on this path. By introducing its native token, the $MINE token, the MetaMine project seeks to provide a ton of possibilities for holders and members of the wider community.

An open-source project built on multiple blockchains and DAOs, MetaMine combines DAO development, Metaverse currency, green mining ambition and global policies to launch the world’s first green mining community based on CAD principles. Through a decentralized community election and decision-making process, community members can vote transparently for all operations to be performed on the project.

The community is where these members can interact and exchange ideas on the future development of the project through the DAO-powered voting system. Additionally, these members can earn significant rewards just by holding the $MINE token, the native currency of the project. With the main goal of creating a cross-chain token that can be deployed and used in the metaverse, $MINE will launch on the Ethereum and BSC chain.

By establishing the MetaMine Fund which is simply a pool of tokens comprising all unsold $MINE, proceeds from the sale of $MINE tokens and other community-funded projects, the MetaMine community will reserve the right to vote for the use of funds, guaranteeing them greater return on investment (ROI).

Due to the adoption of DAO, holders of this token will have the right to express their views on future developments through regular voting processes. On top of that, they can earn huge rewards by holding the token, as discussed in the project whitepaper.

Low consumption

With bitcoin mining consuming more electricity than a few countries like Argentina, as reported by the BBC, the need for a proper yet energy-efficient mining rig has become paramount. Offering the concept of green mining, MetaMine seeks to contribute to a greener planet.

Green mining

Aiming to make the crypto mining industry greener, this project hopes to play a key role in the global adoption of Bitcoin by making its mining green, thereby contributing to the proliferation of the entire crypto market. Currently, talks are underway to initiate research on renewable energy, followed by the integration of advanced technologies that will ensure green mining.

DAO and democracy

Introducing the concept of democracy and community – two unique DAO phenomena – $MINE token holders, as mentioned so far, will decide, through a transparent voting process, how the project will proceed. Additionally, these token holders will have a say in the $MINE circulation model adopted by the founding team of the project.

The community will host people from the crypto mining industry. Mining rig producers can vote to have their products announced to the community. The mining management team, on the other hand, can vote to become the major shareholders of the project’s crypto mining investment. Mining service providers willing to embrace renewable energy also stand a chance to benefit from the MetaMine community.

The currency of the metaverse

MetaMine will also support Metaverse projects through profits generated from crypto mining activity, making it an ideal Metaverse currency. These projects will receive unwavering support from the MetaMine community if they adopt $MINE as their circulation currency.

Fostering a comprehensive, democratically run and rewarding project through the efforts of a dedicated community and the implementation of DAO – one of the emerging but potentially rich trends – MetaMine seeks to revolutionize the crypto mining industry.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

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