Minebase: A Token Minted by Transaction Fees

Minebase (MBASE) is a groundbreaking digital asset that introduces an innovative method for token creation. Unlike traditional cryptocurrencies that rely on energy-intensive mining processes, Minebase tokens are generated through a process known as Creative Token Production (CTP). This method utilizes transaction fees from various blockchain networks, such as Ethereum and Bitcoin, to mint new MBASE tokens, offering a more sustainable and efficient approach to token creation.

Here's a detailed look at the key aspects of Minebase:

Token Creation:

CTP: Minebase leverages transaction fees from existing blockchain transactions to create MBASE tokens, bypassing the need for traditional mining.

Limited Supply: The total supply of MBASE tokens is capped at 250 million, ensuring no additional tokens can be minted beyond this limit.

Starting Price: Each MBASE token is initially priced at $6.50. A new token is minted whenever the accumulated transaction fees reach this amount.

Key Features:

Environmentally Friendly: By avoiding energy-intensive mining, Minebase's CTP method positions it as a more sustainable alternative in the cryptocurrency space.

Inflationary Model: The gradual increase in the total supply of MBASE tokens could influence the token's value over time, reflecting an inflationary model.

Community-Driven: The creation of MBASE tokens is passively supported by anyone using blockchains, fostering a community-driven approach to token generation.

What's New in the Latest Version 1.1.2

Last updated on Oct 22, 2024

Veelive Character Packages Added! We are thrilled to introduce new character packages that will enhance your Veelive experience, offering more ways to personalize and enjoy your interactions.

2FA Settings Enabled: To bolster account security, two-factor authentication (2FA) is now available in the settings. Enable 2FA to add an extra layer of protection to your account.