MINE Network successfully completed the dual IDO on two foremost launchpads, Thorstarter and Moonstarter. In addition, the project has announced its listing on one of the leading exchanges, Kucoin. Moreover, it was established with a strong belief to revolutionize the mining industry. The team is striving towards bringing this vision to reality.
Thorstarter and Moonstarter are popular IDO platforms that have extensively assisted blockchain projects to power the success of their offerings. It is said that there is no iota of doubt that their partnership with MINE Network will yield breathtaking results.
MINE Network is a cross-chain protocol that standardizes mining power by issuing consistent hashrate tokens (pTokens) for multiple mining projects (BTC, ETH, LTC, FIL). It also has a gamified ecosystem entitled as MINEverse, which is a strategic mining-based metaverse game. It allows miners and NFT collectors to interact freely in an immersive virtual environment. Furthermore, it incentivizes players, NFT collectors, and miners to participate in strategic gameplay, thus enhancing the already enriching virtual experience.
Spearheading A Climate-Neutral Mining
MINE Network is seeking feasible ways to solve the most scaling problems in the mining industry; however, environmental issues are no exception. MINE Network intends to promote a green revolution in favour of the environment. By bolstering the widespread adoption of eco-conscious projects in the blockchain industry, MINE is building a sphere that will run exclusively on renewable energy sources. Unfortunately, power plants used to generate energy in mining farms emit carbon that pollutes the environment. Although several measures have been taken towards curbing this issue, it persists.
Projects like MINE Network are dedicated to addressing problems of climate change in order to advance the mining industry and develop it for a carbon-free future.
MINE Network believes mining can be carried out without adverse effects on the environment. The standard hashrate protocol is spearheading a climate-neutral mining sector with a drive to facilitate a swift evolution of the industry into a sustainable and environmentally-friendly market.
Successful Fundraise of $2 Million
The Decentralized Multichain Hashrate Token Protocol successfully completed an 18x oversubscribed private sale, according to an official announcement. The financing round was concluded with $2 million raised, with several of the industry’s most recognized and reputable figures backing the project.
The funds raised in the just-completed funding round will be used to develop the first Decentralized Multichain Hashrate Token Protocol, which addresses the liquidity problem of miners on chains like Bitcoin, Litecoin, Ethereum, and Filecoin.
According to a company statement, the funds will also be used to expand the project’s marketing efforts and scale-up development processes to complete the roadmap on time.
The Decentralized Multichain Hashrate Token Protocol will be in charge of building a self-governing, self-funding protocol that regulates the mining sector and frequently necessitates significant amounts of money to function at scale.