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Deposit to Share 3,000 USDT
(This information is sourced from the internet. Strictly for references only.)
MINA Initial Allocation:
MINA is an inflationary currency with no supply cap. All token-holders can stake or delegate to receive their proportional fraction of the inflation, with no lockup or bonding required to do so.
There will be up to a total of 1 billion MINA tokens (excluding future block rewards) distributed at launch, which will fully unlock over 8 years.
During the first year of main-net, accounts with lock-ups will receive block rewards to target an annual inflation of 12%. Inflation rate will decrease over time, eventually reaching 7% at steady-state
Mina is the first cryptocurrency protocol with a succinct blockchain. Current cryptocurrencies like Bitcoin and Ethereum store hundreds of gigabytes of data, and as time goes on, their blockchains will only increase in size. With Mina however, no matter how much the usage grows, the blockchain always stays the same size - about 22kb1 (the size of a few tweets). This means participants can quickly sync and verify the network.
This breakthrough is made possible due to zk-SNARKs - a type of succinct cryptographic proof. Each time a Mina node produces a new block, it also generates a SNARK proof verifying that the block was valid. All nodes can then store the small proof, as opposed to the entire chain. By not having to worry about block size, the Mina protocol enables a blockchain that is decentralized at scale.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MXC Exchange will make the best efforts to choose high-quality tokens, but will not be responsible for your investment losses.
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Enjoy trading on MXC.
The MXC team
June 1, 2021