MIB COIN (MOBILE INTEGRATED BLOCKCHAIN) – Smart Mobile Mining
If you are reading this post, very likely you have at least some idea about crypto currencies. If not, well it is way too complicated to explain this issue here. There are dozens of forums and articles, where eggheads and just average people tries to figure out the phenomenon of Bitcoin, Ethereum, Ripple and other currencies, which prices are day by day closer to the moon (despite of time when they are falling like shot airplane like last couple weeks). So if you want to fulfill gap of your knowledge, check more specialized sites like bitcointalk.com and etc. Just please put the great attention on key words like: ‘ICO’, ‘Bounty’, ‘KYC’ and of course main slogan which attract millions of people to crypto currencies ‘rocket to the moon’. If you already did your homework, I can explain you the reason why I am writing this post.
ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: MIB COIN. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot. The analysis I will present consists of parts, and each of them shows this project from different angle. So, let’s go!
ABOUT MIB COIN
MIB is a Mobile Integrated Blockchain platform as it’s name implies, it is a new SmartX blockchain platform that provides everybody the opportunity to get involved with mining through smartphones and 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.
This solution will improve mining participation in areas with unstable power production, such as Central Asia, Africa, South America, and South East Asia. Even in countries where extensive mining is taking place, the SmartX blockchain network can bring a significant reduction in the extremely high power consumption rate that often causes social problems, resulting in social cost savings needed to maintain the blockchain.
MIB mobile cryptocurrency ecosystem can be proposed to many cryptocurrencies that have lost their original functions due to mining and blockchain-based technical difficulties, enabling them to improve smoothly and continuously.
MIB coins use a mobile-based platform, which requires only the minimum amount of power consumed in everyday life. This is because MIB coins only need the power by mobile CPUs compared to the vast amount used by BITCOIN.
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.
Vision
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.
Goal
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.
Features of Mib Coin
Mib Coin is available only on smartphones due to the refusal to use GPU and ASIC methods. Due to the distribution of the hash-speed with the use of artificial intelligence, a user’s smartphone is reliably protected from overheating. Mib Coin withstands the necessary amount of calculations for high-quality extraction of the required volume of cryptocurrency. The power of consumed energy is reduced by more than 99%. Thus, with a smaller consumption of kilowatts, a miner gets great opportunities to work with cryptocurrency with mobile access to the private office.
The 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 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. MIB mobile cryptocurrency ecosystem can be proposed to many cryptocurrencies that have lost their original functions due to mining and blockchain-based technical difficulties, enabling them to improve smoothly and continuously.
MIB coins use a mobile-based platform, which requires only the minimum amount of power consumed in everyday life. This is because MIB coins only need the power by mobile CPUs compared to the vast amount used by BITCOIN.
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.
MIB SmartX Blockchain Platform Structure:
It is not a dedicated mining machine (ASIC or GPU). It is mining on the smartphone.
Mining that was exclusive to only certain countries and companies are now available to all. Everyone can participate.
An eco-friendly, low-power energy-based mining method solves excessive power consumption issues.
Keep it at a minimal cost instead of existing high cost blockchain networks.
In addition, a variety of tokens will be created on the SmartX Blockchain Platform MIB platform.
HOW IT WORK?
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.
Investment collected during the ICO is planned to be directed mainly to further technological development of the project (35%) and reserve (35%). The rest of the funds will be spent on expenses and bounty-campaign.
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
MIB Allocation
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.
WHY YOU SHOULD 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.
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
Be a part of this tremendous project and follow these links for more information;
Website: http://www.mibcoin.io/
White paper: https://drive.google.com/file/d/1V0J0kHNkpMDcPCZEGVtZhbAA_UAsfijl/view
Twitter: https://twitter.com/mibcoin
Facebook: https://www.facebook.com/mibcoinio/
Telegram: https://t.me/joinchat/DNeZgA-RivbU3EOQfl-wIQ
KakaoTalk: https://open.kakao.com/o/gm886XL
Author
nugezmils
BITCOINTALK PROFILE