The best way to learn about the benefits of the Mira is to understand how it can be used in real life. Let us share with you some examples of how the Mira software suite is applied in real life.
Case 1. STASH
The other day, the farmer John saw the news about bitcoin on the television and became interested. John would like to invest $500 in bitcoin, but he’s not ready to work through all the details.
Objective: Buy bitcoin.
Solution: NominalBox.
John visits the miralab.io, enters the dollar amount for which he would like to buy cryptocurrency, then he chooses a convenient method of payment, and the platform generates a link to download the NominalBox file and the password. This file can be kept on a computer, sent by mail, or saved on a flash card.
Case 2. BIRDS OF A FEATHER
Hank has a passion for cryptocurrencies, blockchain, and all things modern, and wants to be paid only in bitcoin for his services. But James is an old man with conservative views, and knows nothing of these things. However, he needs to pay 1 BTC to Hank, who accept payment only in bitcoins.
Objective: Buy and transfer bitcoin.
Solution: NominalBox.
Hank recommends to James Mira as the easiest way to buy and send bitcoins. James visits miralab.io, buys NominalBox with a credit card; without even downloading the file he specifies Hank’s e-mail, and sends the file.
Case 3. GOOD GIFT
Middle-level manager Eddie wants to save cryptocurrency for his 13-year-old son to be able to buy an apartment in London when he reaches the legal age. However, Eddie doesn’t know what cryptocurrency is going to grow in price during this period, and he’d rather diversify his portfolio.
Objective: buy BTC, ETH
Solution: MULTIBOX
Eddie visits miralab.io and creates a MultiBox that “packages” 2 BTC and 30 ETH. After Eddie gives the file and password to his son, he can download it to the service and see the content. The money received can be spent right now on a new gaming computer and a bicycle.
Case 4. GOOD GIFT — 2
Continuation ->> Eddie knows his 13-year-old son can spend his savings before reaching the legal age, so he also understands the importance of ensuring the integrity of the cryptocurrency portfolio over the next five years.
The objective is supplemented by a condition: buy BTC, ETH (and other cryptocurrency of choice) and ensure their integrity over the next five years.
Solution: SmartBox.
Eddie visits the miralab.io and creates MultiBox that “packages” 2 BTC and 30 ETH. He also specifies the smart contract condition: can be opened after 12/11/2022. After Eddie gives the file to his son, he can download it to the service, see the content and opening date, but he cannot do anything to it before the specified date.
Case 5. NERVOUS TRADER
Nick, the nervous trader trading altcoins. If he starts to lose, he loses his head. Anger and irritation provoke failures and unfounded solutions. For Nick, it’s most important not to lose more money than he can afford.
Objective: Limit the risks.
Solution: SmartBox.
Nick sends altcoins to SmartBox with a condition that it can be opened in seven days. At the same time, he concedes that the course of events may change unexpectedly and that the funds will be needed before the 7 day period ends. Therefore, Nick adds one more condition: ● can be opened if the rate for BTC is greater than $8,000. Nick saves the file on the desktop and calmly, with a cold mind starts to trade.
Case 6. JUST FOR YOU
John likes Dagny very much and wants only Dagny to open a container of important information and cryptocurrency which is intended only for her.
Objective: Protect file from access by third parties.
Solution: SmartBox.
John knows Dagny’s e-mail and Telegram, and creates a SmartBox with a condition: ● can be opened if verified by Dagny`s e-mail (dagny_t@gmail.com) or Telegram (@dagny_t). When Dagny opens the SmartBox, after entering a password, a link to the email or Telegram address will be used to confirm the opening. Without this, the SmartBox cannot be opened.
You can bind a Smart-Box to a recipient’s phone number, IP address, code phrase, or geolocation.
Case 7. FAIR DEAL
Cartman promised Kyle to create a nice website for 1.0 BTC. Kyle doesn’t want to risk the money and pay ahead. Cartman has already been cheated on by customers; he performed a service, and the client refused to pay.
Objective: Guarantee quality performance of services
Solution: SmartBox, MiraGarant
Kyle goes to miralab.io and creates a SmartBox with a condition: ● Arbitration transaction
He then uploads the generated file to Mira, enters the password, and sends the file to Cartman. He sees that the file is valid and that it contains bitcoin. Now, both users must click the “Start Deal” button. Until Kyle clicks the “Deal Successful” button, the system will not allow anyone to open SmartBox. If negotiations are stalled, it is possible to enlist accredited Mira Arbitrators who are paid by the party that made the claim and, if he wins — by the losing party.
That’s how it works :)