What will the future bring? Is cryptocurrency the future. Will there still be means of payment in the future?
There are many questions we ask ourselves, but we cannot look into the future. We can identify trends and adapt to them.
Crypto is no longer a trend. It is starting to stabilize, and it has become clear that blockchain can be used in many ways. Global institutions seem to be increasingly turning to blockchain. According to a report by Finbold, 44 of the 100 largest global companies are currently using blockchain technology.
The companies are mostly tech companies, including Meta (formerly Facebook), Adobe, Verizon and Nvidia.
However, global players from the payments and wholesale sectors such as Paypal, Visa, McDonalds, Nike and Walmart are also using blockchain for their own benefit, according to the report. The vast majority of them come from the US.
NFTs, which are playing an increasingly important role in the marketing sector, are being used above all. Other applications can be found in customer loyalty programs and supply chain management, according to Finbold.
According to the report, a total of more than 6,000 trademark applications related to NFTs and blockchain have been filed with the U.S. Patent and Trademark Office since January 2022. The metaverse is also gaining traction as a use case for enterprises, it adds.
Minebase uses Ethereum
When Ethereum started, they developed a token based on the same principle but faster and more modern, and the blockchain allowed many to create their own tokenized projects. This is called a smart contract. With a smart contract, anyone can create a token.
This is the first step Minebase has taken and created a smart contract on the Ethereum platform.
Minebase started its development in 2020 and the Minebase project was developed on the Ethereum blockchain. 250 million tokens were created through a smart contract. We developed a software called BPFT (Blockchain Protocol Fee Tracker) to store all decentralized wallet addresses that exist in the crypto market. Bitcoin alone has more than 14 million wallet addresses. If we add up all blockchains, we come to several billion wallet addresses that exist worldwide.
The development of our software allows us to track and store each wallet address. This allows us to view all transactions from the decentralized crypto network of wallet addresses that exist worldwide.
The Blockchain Protocol Fee Tracker BPFT is a unique software and was developed specifically for Minebase to verify each transaction. A transaction means: when a user sends tokens to another user.
Minebase technology
In this way, we can see the transaction fees from the decentralized crypto network of wallet addresses that exist around the world.
Each wallet address is randomly assigned and automatically changed after 72 hours.
The Blockchain Protocol Fee Tracker BPFT is a unique software and was developed specifically for Minebase to verify each transaction. A transaction means: when a user sends tokens to another user.
The Minebase principle
To get the Minebase token into circulation, a starting price has been set. This is the creation price, also called CTP (Creative Token Production).
The price was set at $6.50.
To circulate new Minebase tokens, you need Minebase tokens on your Minebase wallet. Within 5 minutes you have registered with Minebase and opened your Minebase Wallet with one click. Depending on how many tokens you have on your wallet (minimum 25 Minebase tokens) Start creating new Minebase tokens. These are taken from the 250 million tokens, as mentioned earlier, and put into circulation. Thus, it is possible to buy and sell the token.
You will receive a wallet address, which will be stored by the Minebase software. For example, if you have 50 tokens on your wallet, you will receive 5 wallet addresses and the token creation will start automatically. When a transaction takes place on the different wallet addresses, you will be credited with the fee in your Minebase back office. All the fees are added up and when you reach $6.50 on a wallet address, you will receive a Minebase token. This process works automatically as long as you have the tokens on your wallet. You can easily verify this transaction by entering the wallet address into the Ether scan.
It is important to know: you will receive a new wallet address every 72 hours by random generator, so this will be distributed fairly. Because some wallet addresses have more transactions than the others.
A smart contract controls the creation price with an algorithm.
This means that the creation price gets higher and higher as more tokens come into circulation. As mentioned earlier, the starting price is $6.50 and ends at $793,000.
Mathematically, it will take about 150 years for all tokens to circulate as the creation price gradually increases and everyone takes longer to create a token. This means that 80% of the tokens will remain in the Minebase system as everyone wants to create new tokens.
New Blockchain
Minebase is planning a new blockchain that will reach at least 50,000 transactions per second. This will be introduced in early 2026. Shortly after the launch of the blockchain, the entire project will be automated and a DAO will be created. Dao is called Decentralized Autonomous Organization.
New Wallet
At the moment we have a centralized wallet in the Minebase system. By the end of 2024 Minebase will offer a decentralized wallet. This means that this wallet will be connected to the centralized wallet and you will be able to make a transaction between centralized and decentralized wallet with one click.
Long time project
Mathematically, it will take about 150 years for all tokens to be in circulation, as the creation price is increased. This means that 80% of the tokens will remain in the Minebase system as everyone wants to create new tokens.
Save your Minebase tokens and create new ones. Now is the time to join in. We look forward to your participation
Learn more about the whole Project
Learn more about interconnected wallets and how to create more tokens
Learn more about Period of Time and how to create a Minebase token every 25 hours.
Your Minebase Team
