Innovative Mining Protocol Concludes a $2 Million Fundraise Led by Exnetwork Capital and Oracles Investment Group
27 Novembre 2021 - 7:31AM
NEWSBTC
Leading Venture funds including Exnetwork Capital, CSP DAO, STC
Capital, Oracles Investment Group, MoonBoots, Leos Ventures, Global
Key Investment, and Aza Groups, have successfully led a funding
round for MINE Network. A group of strategic partners including
Skyrim Finance, Kylin Network, Charged Particles, and FOMO
Chronicles also supported the round, to help MINE Network raise $2
million. Reportedly, it was an oversubscribed private sale with
unimaginable responses from some of the industry’s most influential
and trusted names. The project has attracted a slew of
high-net-worth individuals who are trusting the project’s vision to
be a premier solution provider in the crypto mining industry. With
the successful funding and IDO launch, MINE Network is ready to
kickstart the journey of creating its eco-conscious, multi-chain
mining protocol until it attains its fullest potential. MINE
Network is enthusiastic about revolutionizing the very core of the
crypto sphere and with immense support from the blockchain
community. Standardizing Mining Power As the first decentralized
standard hashrate token protocol solving mining problems, MINE
Network is geared towards standardizing mining power. MINE will set
up the mining power standard for a list of mining projects so that
the mining power. This applies to mining powers from MINE and other
mining pools, so they can be easily tokenized and clearly
identified. Growing cloud mining pools have curbed and lowered
certain barriers impeding entries in crypto mining. However, there
are a good number of cloud mining pools with no proper standard
which can inhibit the rapid growth of the sector. MINE Network’s
goal to standardize mining power is targeted at offering scaling
potential to the industry. MINE Network’s protocol is out to
develop the right standards for numerous mining powers and also the
minimum standardized hashrate unit. With this, the MINE Network
mining pool will be an open and accessible tokenized market. As
MINE aims at this problem of low standards, it is positioned to
bring the mining ecosystem to a completely new level of accepted
standards including energy consumption ratio, types of specific
mining equipment as well as their numbers. Building A Decentralized
Community With Complete Autonomy MINE Network as a project seeks to
build a decentralized community with complete autonomy. This is a
major factor in dealing with credibility issues facing the mining
industry. MINE aims to act as a fully transparent decentralized
autonomous organization. For every growing mining project, the MINE
Network DAO will be adjusted to suit all stages for the community
to be developed without hindrances. As the project matures, the
MINE Network DAO increases. The primary objective is to grow into a
decentralized protocol with full community autonomy. As it works
towards becoming a DAO, MINE Network is encouraging the willingness
of the community to participate in governance by lowering
participation thresholds and increasing incentives. MINE Network is
building a community with no hierarchical management or central
governance. It will have a plethora of beneficial purposes. Miners
on the platform will enjoy a self-sustaining economy with a better
distribution of mining power for an even more equitable space.
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