What is MIB Coin?
MIB coin (MIB) is a next-generation blockchain-based cryptocurrency built on the SmartX blockchain platform. The SmartX blockchain platform is an ecosystem designed for mining through mobile devices. With the MIB app, users can mine, transfer cryptocurrencies, pay merchants, and exchange currencies in a mobile environment. MIB, which stands for Mobile Integrated Blockchain, is on a mission to develop a sustainable, quick, easy-to-access, and low-cost protocol while building a mobile-based ecosystem.
The platform aims to empower users to mine cryptocurrency using their smartphones without requiring any additional techniques. Traditional blockchain ecosystems require a significant amount of money to mine and maintain their network. MIB introduced the concept of 'mobile-mining' to reduce costs while maintaining network quality. The MIB coin aims to expand into diverse businesses with the SmartX blockchain platform designed for mobile devices.
MIB coin cannot be mined using application-specific integrated circuit (ASIC) and graphics processing unit (GPU) methods. Instead, MIB coin uses 'Smart Mining,' which can only be done on smartphones. The mining app generates a benchmark score for smartphones and allocates a hash rate. The platform aims to withstand the computational complexity of mining without damaging smartphones' hardware due to overheating. MIB SmartX blockchain platform seeks to be an eco-friendly, low-energy-based mining method that solves the excessive power consumption issue and keeps it at a minimal cost while creating a variety of tokens on the platform.
By using this unique 'Smart Mining' approach, the MIB coin platform aims to decentralize mining by enabling areas with low power generation to participate in mining. Through this, MIB coin offers a more accessible, efficient, and affordable approach to mining cryptocurrencies.
MIB is the native token used to power the supply on the MIB SmartX blockchain platform. MIB is an Ethereum-based token that follows the standards of ERC-20. Users can mine MIB using the MIB Coin ecosystem. The platform is designed to be mobile-first, allowing users to mine, transfer cryptocurrencies, pay merchants, and exchange currencies using their smartphones.
The MIB SmartX blockchain platform aims to be a sustainable, scalable, and low-cost protocol for businesses looking to leverage blockchain technology. The platform is designed to be easy to access and use, making it a perfect choice for businesses that want to integrate blockchain technology without the added costs and complexities associated with traditional blockchain platforms. The SmartX blockchain platform supports a wide range of use cases, including NFT platforms, decentralized Reddit-like social platforms, open-source developer communities, influencer communities, gaming communities, freelancer communities, crowdfunding, yield farming, DEX trading, and much more.
MIB coin was founded by David Han, Jaden Park, Tracy Ji, SangShin Park, Michael Kim, and HyunSook Park as the future of the mobile SmartX blockchain platform. The company published the MIB coin whitepaper in the fourth quarter of 2017.
The MIB coin project ventured into the SmartX blockchain platform with a maximum total supply of 600,000,000 MIB. From July 20, 2018 to August 10, 2018, the platform conducted the public ICO offering of 22.49% of MIB coins for presales and stakeholders from the total supply. Later, on May 8, 2019, the MIB token started MIB coin swap for objects sold at presale, ICO, trader, and bounty.
MIB coin is a unique and innovative blockchain-based cryptocurrency that leverages mobile technology to make mining more accessible, efficient, and eco-friendly. By introducing the concept of mobile-mining, MIB aims to democratize the mining process and create a low-cost and sustainable protocol. With the SmartX blockchain platform, users can easily download the MIB app on their smartphones and start mining, transferring cryptocurrencies, compensating merchant payments, and exchanging in the mobile environment. Unlike traditional blockchain ecosystems that require expensive equipment and high energy consumption to mine cryptocurrencies, MIB's Smart Mining can only be done on smartphones, which reduces costs and energy consumption while providing easy access to everyone. MIB's eco-friendly and low-energy-based mining method is designed to solve the excessive power consumption issue, making it an attractive option for those who are concerned about the environment.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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