MIB COIN (MIB) - ICO REVIEW
The rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is MIB Coin
The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.
In this era of blockchain technological advancement, lots of cryptocurrencies have been developed for transactions within an ecosystem and many people are making real-time money. Perhaps, you may want to invest into any of these cryptocurrencies. You may be contemplating on the crypto coin that will be best for your investment. You might have even found yourself investing in one of these Cryptos but you did not gain your profit as you expected because, some developers, after hitting their target and making a huge sum of money, dropped the project, and left investors in the middle of no where. All hopes are not gone. Lets start a new page in you new or next journey to investment for profitable earnings. I will be introducing to you MIBCOIN a smartphone-based blockchain network. Endless possibilities mining with your smartphone where you can Start mobile mining today with ease.
ABOUT MIB COIN
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.
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 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.
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
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409