Let’s get right to it.
But before I take you on this journey, check out this video presentation to get acquainted
The problem of polarization characterized by the concentration on specialized mining firms or specific nations can be resolved by distributed mining. Mining today is becoming monopolized by large miners with infrastructure and funding and countries with a seamless power supply are becoming the major markets. Cutting back high cost of ASIC and GPU mining methods into a more economical mobile-based method, the power consumption rate is markedly decreased resulting in the most effective P2P network with a minimum cost.
Presently, mining activities are heavily skewed towards specific countries only, and such polarization reduces the functionality of blockchain as well as its value as a currency. If the mining cost increases and the payback period of investments is further extended, this means that the maintenance cost of blockchain is on the rise and may result in its collapse in the long term. Therefore, a better technological solution needs to be provided to maintain a sustainable network. And this is where MIB comes in.
What exactly is MIB?
MIB Coin is a new SmartX blockchain platform that gives everybody the ability to get involved with mining through smartphones. Also, to make it easy for people to connect with businesses in a much easier way. MIB has focused on the fundamental solution of maintaining an agile and sustained blockchain network with continuity in the long term, to expand features like a robust platform, and to distribute and maintain nodes with a low cost. With ‘Smart Mining’, it reduces the power consumption by about 15,000% compared to the existing method by significantly lowering the high power consumption, which is a critical issue in mining. Therefore, it reduces the cost of maintaining the blockchain and the social cost.
Through this, it aims at decentralizing the mining by enabling areas where power generation is not enough such as Central Asia, Africa, South America, and Southeast Asia to participate in mining. MIB Coin will grow into a real cryptocurrency used by people around the world as the means of exchange, payment, saving, value evaluation function and communication of hard currency.
MIB's vision is to functional both as a blockchain platform and a subsidiary currency, to create and expand an ecosystem, share its system and offer a low-cost, highly efficient network.
MIB' goal is to expand into diverse businesses with the SmartX blockchain platform built for mobile devices.
Together with the optimization of decentralized technology, MIB will be at the center of connecting with meaningful businesses in the real world while creating a new world of opportunities.
Anyone can create a new blockchain business in MIB and such an activity will connect with other businesses to form another new ecosystem.
SmartX will be newly defined as an innovative case study in the existing cryptocurrency market and will become a platform for the creation of a new ecosystem.
SMARTX BLOCKCHAIN PLATFORM
SmartX will support creating and executing smart contracts, which in turn are changing the way agreements are made since you do not need an intermediary because the contracts themselves follow specific rules and are automatically executed on their own terms. This allows for a multitude of applications such as insurance contracts, distribution of profits and endless possibilities.
More significant opportunities to participate in mining are given to more countries and people by using smartphones which are already available all over the world in billions.
The SmartX blockchain platform is expected to become a globalized cryptocurrency that reduces blockchain's maintenance cost remarkably by applying a lightweight mobile-based hash algorithm aiming for convenience, economy and popularity. This will not be a simple platform change but a change of the cryptocurrency ecosystem.
THE FEATURES OF MIB
Eco friendly mining
Smart mining method
WHY CHOOSE MIB?
Mib Coin mobile application is very convenient to use. To get started, you need to download the application, install it, go through the mandatory registration procedure and you can start working. For each new user, a personal account is formed on a separate node, which prevents the possibility of a mass hacker attack on the project database.
Mib Coin is based on blockchain technology, which reliably saves all information and assets of a user by storing information on unrelated resources. Earlier, the project was available only in several countries, but now thanks to the active work of programmers, every inhabitant of the planet can begin mining on the platform. The project has already successfully passed the beta testing of the mobile version and is available for iOS and Android.
It's no secret that for the successful operation of a miner, the costs for electricity are of great importance. The project developers use renewable energy sources to reduce energy costs and the burden on the ecology of our planet. Taking into account that the smartphone's processor is far from the stationary working processor, the project creators provided protection of smartphones from overloads using SmartX Blockchain Platform MIB technology.
All transactions on the project are carried out using smart contracts, which ensures a high speed of operations. MIB Coin allows conducting more than 50 thousand transactions per second and is not inferior in power compared to a stationary computer.
The creators of the project provided for the availability of a technical customer support service. Now each user can apply for quality advice to project specialists in a non-stop mode.
How It Works?
How do you mine cryptocurrency on smartphones without dedicated expensive equipment?MIB coin cannot mine existing ASIC and GPU methods. It is only available on smartphones.
Benchmark your smartphone and allocate a hash rate.
MIB is designed so that your smartphone is able to withstand the computational complexity required for mining and protect your smartphone from overheating and damaging the hardware.
It's possible with one smartphone.
Reduced power by 99.24% compared to existing mining machines.
Anyone can mine with a smartphone.
HOW MIB COIN IS MINED
The MIB Coin (www.mibcoin.io) is designed to be mined specifically on mobile devices and can not be mined by powerful mining machines. Mining MIB Coin requires 99.24% less processing power compared to traditional miners, requires very little electricity and the total cost of the process is reduced in a way never seen before. This is simply fantastic because it goes beyond cost reduction by being totally eco-friendly and sustainable. Mining will be accessible to everyone from anywhere with an internet connection from smartphones. Just download the app from the app store, register and start mining. It’s fast, no need to know programming or handle complicated settings that even a 5-year-old could do. The process is completely safe and involves no risk of damage to devices.
Anyone can mine with a smartphone. Benchmark your smartphone and allocate a hash rate. MIB is designed so that your smartphone is able to withstand the computational complexity required for mining and protect your smartphone from overheating and damaging the hardware. It`s possible with one smartphone.Reduced power by 99.24% compared to existing mining machines.
TOKEN AND ICO DETAILS
MIB tokens were issued in the amount of 600 million. 300 million MIB are allocated for sale. The pre-sales have already been completed, and at the moment the project is at the crowdsale stage. Until August 10, investors have the opportunity to purchase the cryptocurrency at a price of 1,200 MIB for 1 ETH, which is equivalent to buying 1 token for $0.5. The minimum purchase amount is 1 MIB. You can buy the cryptocurrency with the help of BTC and ETH. The project's softcap is $10 million, the hardcap is $25 million.!
Token name: MIB
Platform: SmartX Blockchain
Token price: 1 ETH = 1200 MIB
Total supply: 600,000,000 MIB
Public ICO: Jul 20, 2018 ~ Aug 10, 2018
50% of MIB Coin is allocated as Smart Mining and is available to anyone easily.
27.51% of MIB Coin is used for the maintenance and management of MIB’ network ecosystem. More specifically,
11.67% for Reserve and 15.84% for Extra Marketing.
22.49% of MIB Coin is distributed to MIB Pre-Sales, ICO, and the stakeholders. More specifically, 5.83% for Pre-Sales, 8.33% for ICO, 3.33% for the investors, 3.33% for the advisors, and 1.67% for the team are distributed
Use of Proceeds
35% will be kept in capital reserves
35% will be used for technology development of SmartX Blockchain, Smart Contract, DAPP, token platform, connected platform and security.
10% will be used for the operational cost of marketing, accounting, legal and regulatory purposes
10% will be used for MIB’s global marketing, social media and branding
10% will be used to establish strategic partners, offices, and business development around the world.
CONZBY: Developing a cryptocurrency trading engine and an exclusive miner’s sales menu
Designing the initial concept of SmartX Blockchain platform (SBP)
Planning the SBP project and researching on technical aspects
Building a team for MIB coin project (based on SBP) and completing the concept
Publishing a white paper
MIB coin official website Reinforcing the manpower of the team
Advancing the development of SBP
MIB coin ICO
Advancing the development of SBP
Smart Mining Android & iOS beta test
Releasing the main network
Announcing mining pool clients
Smart Mining Application
Announcing smart mining application
Starting MIB coin mining
Supporting a master node community
CtoC trading service
Coin send & money transfer
Setting up and advancing the SBP R&D center
Opening a platform development center for expanding the cryptocurrency ecosystem
Supporting the issuance of a functional token and investing in technology
Increasing availability through the MIB Coin partnership expansion
MEET THE INCREDIBLE TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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