Minebase

Minebase (MBASE) is a unique digital asset that aims to redefine the way tokens are created. Unlike traditional digital assets that require mining or token generation, MBASE tokens are generated through transaction fees incurred on various blockchain networks. This innovative process is known as Creative Token Production (CTP). The total supply of MBASE is capped at 250 million tokens, with no additional tokens being minted. The initial price of each token is set at $6.50, and a token is created each time this amount is accumulated in transaction fees. This approach seeks to make digital asset creation accessible to everyone, without the need for expensive mining hardware or significant energy consumption.

The operation of Minebase is centered around the CTP algorithm. When a user conducts a transaction on a blockchain network, a fee is charged. These fees are then used to create MBASE tokens. For instance, if a user has a wallet address registered with Minebase and accumulates $6.50 in transaction fees, an MBASE token is created. The user can also store MBASE tokens in their Minebase wallet, and from 10 tokens onwards, the user automatically receives a wallet to generate more tokens. The more tokens are created, the higher the price will be, as determined by an algorithm. Minebase also has a token burn system to stabilize the token's price. If the exchange price falls more than 10%, a certain percentage of the total volume of unissued tokens is burned.

Minebase aims to provide a wide range of use cases for its users. One of the primary uses is the creation of MBASE tokens through transaction fees, allowing users to generate tokens without the need for mining or token generation. Additionally, Minebase offers a bonus program where users may receive tokens over time. The platform offers games where the token can be used for payment, with a portion of the tokens used in the game being burned. Furthermore, if a user purchases a Non-Fungible Token (NFT) with MBASE tokens, they gain additional advantages in the Minebase system, such as the ability to purchase the Minebase token at half the price for a certain number of tokens.

The concept of Minebase was born in 2017 with the goal of creating a coin backed by gold. However, due to regulatory changes in 2018, the project had to pivot and find a new direction. After three years of research and development, the team behind Minebase discovered a way to create a new token similar to Bitcoin but with an environmentally-friendly algorithm. This led to the development of the CTP algorithm and the creation of the MBASE token. The project has since evolved to include various features such as token generation, interconnected wallets, and a token burning system. The Minebase token is created by fees from the entire crypto network, aiming to maintain long-term token stability.