Venture funds such as Exnetwork Capital (CSP DAO), STC Capital; Oracles Investment Group, MoonBoots Ventures and Global Key Investment have all supported MINE Network’s funding round. Skyrim Finance and Charged Particles were strategic partners in the funding round. This was to raise $2 million for MINE Network.
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.
MINE Network has successfully raised funding, and launched an IDO. Now, MINE Network will be ready to launch the creation of its eco-conscious multi-chain mining protocol. MINE Network is eager to revolutionize the core crypto world and has the immense support of the blockchain community.
Standardizing Mining Power
MINE Network was established as the first standard decentralized hashrate token protocol to solve mining problems. MINE Network will create a mining power standard that can be applied to a number of mining projects in order to maximize the mining power. These mining powers can also be used by other mining pools. They are easily identified and tokenized.
Cloud mining pools are reducing some of the barriers that prevent crypto miners from entering. There is a lot of cloud mining pools without standardized standards, which may hinder the industry’s growth. 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. The MINE Network mining pool is now an accessible and open tokenized market. MINE is designed to address the problem of low standards in mining and will bring the ecosystem up to an entirely new standard. This includes energy consumption, specific types of mining equipment, as well as their number.
The Building Of A Decentralized Community That Has Complete Autonomy
MINE Network is a project that aims to create a community decentralized with total autonomy. This will help to address the credibility problems facing the mining sector. MINE seeks to be a decentralized, transparent autonomous organization. MINE Network will adjust to each stage to allow for development of the community without hindering any growing mining projects. The MINE Network DAO will grow as the project develops. Our primary goal is to develop into a fully autonomous protocol that can be decentralized.
MINE Network encourages the participation of the community in governance as it strives to become a DAO by lowering the participation thresholds, and offering more incentives.
MINE Network is creating a community that has no central governance or hierarchical management. The community will serve a multitude of benefits. The platform will allow miners to have a self-sustaining business with better mining power distribution for a more equitable area.