2019 China Mining Industry Summit – Recap and Summary 10578

Mining

BitDeer.com’s premier industry event wrapped up successfully in Beijing. 2019 China Mining Industry Summit brought together the biggest names of the Chinese mining ecosystem. Prominent Chinese blockchain and tech media attended the event and reported on the significant industry announcements.

With the leaders of the Chinese blockchain mining group in one conference, they began to discuss the potential of computing power sharing platforms, such as Bitdeer.com, and new trends and emerging patterns in the mining industry.

The conference saw the likes of the following crypto mining industry leaders:

  • Celine Lu – Founder and CEO, BitDeer.com
  • Zhuoer Jiang – CEO, BTC.TOP
  • Xiaojun Fan – Head of APAC Sales, Bitmain
  • Zhong Zhuang – CEO, BTC.com
  • Xin Tian – Co-Founder, AntPool
  • Fa Zhu – COO, Poolin.com
  • Jiazhi Jiang – Senior Blockchain Developer
  • Baoqing Liang – CTO, Bitmain Data Center
  • Yao Li – Vice President, Cobo Wallet
  • Qingfei Li – CMO, F2Pool
  • Xiao Su – Chief Representative for China, Bitcoin.com
  • Yang Tong – Partner, Jinse
  • Qiuwei Gao – CMO, RiskHash
  • Feifan Li – Co-Founder, ChainDD
  • Lei Chen – Founder and CEO, BitWhale

As the world’s leading computing power sharing platform, BitDeer.com has achieved great success with 80 percent repurchase rate contributed by over one million monthly active users in 223 regions since entering the market six months ago. The platform also witnessed a 300 percent revenue growth within three months. Its market share ranks among the top three in the computing power sharing industry and will continue to be the fastest-growing platform.

BitDeer, Empowering Win-Win Relationships

In retrospect, cryptocurrencies had lost 80 percent of market value from the highs of 2017 to lows of 2018. Coming into 2019, the market is giving positive signals: Hashrates have hit historic highs and the numbers of active Bitcoin addresses are rebounding rapidly with the number of Bitcoin wallet users beginning to surge.

As an innovative creation in fintech, Bitcoin is becoming increasingly accepted by users and merchants worldwide. In addition, traditional finance and internet giants such as JP Morgan, Goldman Sachs, Microsoft, Google and Facebook are beginning to enter the nascent cryptocurrency industry. Celine Lu, CEO of BitDeer.com, sees this as a must-take opportunity.

In her keynote speech “Computing Power Sharing: Ecological Synergy Accelerator,” Lu mentioned that since 2018, computing power sharing no longer relies on bubble prices in the bear market. Instead, it focuses on providing the best service to users by leveraging global resources in the areas of technology, operations and management. At present, the computing power sharing industry is at a new starting point where BitDeer stands in the core of resource aggregation. Teamed with respectable industry business partners, BitDeer.com will bring higher value to its global users and build a well-developed ecosystem to fuel the whole industry.

Lu shared valuable statistics from BitDeer for the first time at the conference. The net profit of BTC mining for BitDeer’s users exceeds RMB￥6 million (USD $0.87 million) per day, with four orders placed monthly on average. The platform’s biggest spender, who invested a total of RMB￥50 million (USD $7.24 million), is expecting a profit of the same amount. Eight of BitDeer’s partner mining pools have achieved a hash rate of over 3,000P and 10 of BitDeer’s partner mining facilities have achieved a total sales revenue of over RMB￥300 million (USD $43.39 million). More than 20 of BitDeer’s global sales partners have received tens of millions in profit sharing.

As the competition in the market turns white-hot, building a diversified, healthy and stable business ecosystem is an irresistible trend. “BitDeer has initially established a partnership mechanism,” said Lu, while presenting BitDeer’s latest partnership plans to attendees.

Lu also introduced BitDeer’s computing power partnership models with various industry members:

  • Mining pools can join BitDeer’s global users to obtain computing power and receive additional services to promote their brands and share user traffic.
  • A lower entry barrier is now available for mining facilities and rigs, who can now start mining with just hundreds of mining machines. BitDeer will sell their computing power on consignment to achieve a better cash flow and thus maximize the value of their assets.
  • For sales partners, BitDeer provides three different collaboration models: traffic, affiliate sales and agent. With BitDeer.com, sales partners are able to share millions of active traffic and profits.
  • Partnering with third parties, BitDeer.com is working on building a cryptocurrency payment and “coin to coin” exchange system.

Standing at year one of BitDeer.com, Lu believes an open mind is essential to connect partners from mining facilities, mining pools, sales, technology, traffic and service providers. BitDeer is building a computing power ecosystem community by leveraging its resources and utilizing its competitive advantages.

In his speech, Bitmain’s Head of APAC Sales Xiaojun Fan shared his thoughts and experience of working together with BitDeer.com. He was impressed with the computing power possessed by BitDeer and its strategic vision. In addition, the latest firmware for Antminer S9 miners made its debut at the summit.

Alongside representatives from eight strategic partners, BitDeer.com’s founder and CEO Celine Lu kicked off the mining ecosystem launching ceremony, signaling a new era for China’s crypto mining industry.

Next Chapter: Computing Power Sharing Industry Standard

Since its 2014 birth, the computing power sharing industry has been chaotic. As the leading platform, BitDeer will guide the industry in compliance with business development and environment. To begin the second half of the conference, Celine Lu read out content of the first-ever “Computing Power Sharing Industry Standard Draft,” issued by BitDeer. She stated that she would love to invite all partners to join a discussion of the draft and the formation of an effective mechanism to help users and practitioners.

The draft regulated three key indexes: transparent computing power; open and fair modes; and reasonable fluctuations. It also unified the access standard of mining pools, facilities and rigs.

On the one hand, from the three dimensions of traceable, controllable and hash-rate mining pool, we can determine whether the hash rate is true and transparent, which is very crucial, according to Lu. On the other hand, the model needs to be open and transparent. Users can independently choose the mining pool, switch the mining pool and check the hash rate of their orders in the mining pool. Mining pools can regularly remit to users directly, which can be inquired from the information chain of the payment transaction. In addition, the fluctuating value should be up to the standard. In terms of fluctuating standard-reaching rate for hash rate of POW currency, the fluctuation of hash rate within three percent should account for more than 98 percent, and the fluctuation of hash rate within one percent should account for more than 85 percent. Based on the research and calculation of BitDeer, should the hash rate be not within the standard range, users will suffer from the loss of the mining earnings.

Last but not least, the criteria for access to mines are mainly reflected in three dimensions: it is a must to ensure that there is sufficient power to maintain 98 percent mining machinery and equipment under normal operation and normal network communication at least 98 percent of the time. There are strict network firewall settings, perfect fire prevention and disaster prevention facilities and the positive response from operation and maintenance personnel. And in terms of the access criteria of the mining machine, the fluctuation of its hash rate is not more than or less than five percent. The equipment can operate normally under severe environmental conditions, such as high temperature, low temperature, humidity, dryness and sand. At least two spare mining pools should be set up to actively support the exploration of mining pools. Should there be something wrong with the current connected mining pools, they can be switched quickly. The life cycle of mining pools can be maintained for more than six months.

According to Celine Lu, data in the draft were extracted from key indicators in the operation and maintenance process of BitDeer.com, which has teamed up with four of the major mining pools in the world: ViaBTC, BTC.com, AntPool and F2PooL. The partnered mining pools account for more than half the worldwide computing power which provides up-to-date accurate data for BitDeer. Not only does it provide a valuable reference in standardizing industry data, improving the operation systems, regulating the market and establishing industry benchmarks, but also it proposes a perfect direction guiding the crypto industry to develop in a healthy and orderly way.

Panel Discussion: New Challenges and Opportunities

It was agreed by all panelists that, in the age of Blockchain 2.0, members of the mining ecosystem are expected to strengthen the capabilities to integrate resources in order to better serve and bring more value to the users.

As a pioneer of the industry, BitDeer is believed to have provided a white-glove service to global individual miners and has significantly reduced mining costs, and thus lowered the barrier to entry. BitDeer.com has enlisted an army of talents and professionals and leveraged global resources so that constrained parties could be better prepared and contribute to the mining ecosystem in the next bull market.

Miners, the most essential party in the mining ecosystem, are driven by profitability. In order to maximize mining profits and solve the operations management problems faced by mining facilities, Bitmain is soon launching a cloud monitor platform with joint efforts from BitDeer.com.

Baoqing Liang, CTO of Bitmain Data Center, believes that the intelligent connectivity of the cloud will ensure a stable output of computing power. The new cloud monitor platform will connect mining pools, profits and the management and operations.

According to Qiuwei Gao, CMO of RiskHash, mining profitability is directly affected by the price and mining difficulty, and a sense of risk control cannot be overemphasized in the mining process. “By partnering with BitDeer.com, the platform connecting computing power providers and individual miners, costs beared by mining pools are relatively more stable. Individuals miners are able to increase their risk resistance capabilities as well.”

Cobo Wallet VP Yao Li stated that as one of the top three wallet service providers, Cobo Wallet is looking forward to collaborating with BitDeer.com to connect the underlying payment system and support instant transfers. He believes the partnership will speed up the growth of the crypto mining economy.

In terms of the influence brought to the mining ecosystem by the halved Bitcoin price, panelists believe mining will continue to be a sound investment strategy. However, individual miners are still faced with costs to run professional facilities. BitDeer’s computing power sharing model will provide an easier solution.

The 2019 China Mining Industry Summit has shed light on the new mining ecosystem led by BitDeer and brought the leading computing power sharing platform’s competitive advantages as well as its potentialities to the crypto mining community.

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AEON Powers Alchemy Pay with Foundational Payment Infrastructure and Protocol 1190

AEON, the next-generation modular payment protocol, has officially partnered with Alchemy Pay, the world-leading crypto payment solutions provider to bring new capabilities to the crypto payment and settlement landscape. This strategic collaboration aims to leverage AEON’s advanced payment protocol to enhance Alchemy Pay’s capabilities in facilitating seamless crypto-to-fiat transactions, bringing unparalleled efficiency and modularity to the ecosystem.

Partnership Overview

In this partnership, AEON will serve as the foundational protocol provider for Alchemy Pay, offering advanced solutions for the distribution, clearing, and settlement of crypto transactions. Alchemy Pay will integrate AEON’s technology to modularize its payment methods, facilitating seamless interactions between fiat currencies and cryptocurrencies.

AEON’s role is to ensure that the infrastructure supporting crypto payments is robust, efficient, and capable of handling high volumes of transactions with minimal latency and cost. By providing the underlying protocol, AEON will enable Alchemy Pay to offer a superior payment experience that is both secure and scalable.

Shared Vision for the Future

Alchemy Pay is a global leader in crypto payment solutions, recognized for its innovative approach and wide support to bridging the gap between traditional financial systems and the digital asset space. With a payment network that spans over 173 countries with multiple mobile wallets and bank transfer supported, Alchemy Pay is at the forefront of enabling businesses and consumers to seamlessly engage with cryptocurrencies.

This partnership marks a significant milestone in the journey towards a more integrated and efficient financial ecosystem. AEON and Alchemy Pay are dedicated to continuous innovation and collaboration, ensuring that their combined efforts lead to the widespread adoption and acceptance of cryptocurrency payments globally. Together, AEON and Alchemy Pay aim to bring enhanced user experiences, better accessibility, and a more robust payment infrastructure to the industry.

AEON remains committed to driving the evolution of the payment landscape through its cutting-edge technology and strategic partnerships. Stay tuned for more updates as AEON continues to innovate and deliver the best in crypto payment solutions.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

About AEON

AEON is a next-generation modular payment protocol designed to unify the standard of crypto payments and enable real-world connectivity. By simplifying the integration, processing, and settlement of crypto payments, AEON offers low-cost, verifiable, and secure payment processing.

Developing a robust crypto payment standard akin to Visa, AEON aims to connect web3 infrastructures with mass adoption use cases, ensuring adaptability, liquidity, and efficiency and supporting on-chain payment methods such as subscriptions, global fiat rails, and tips.

Solidton Unveils 2025-2026 Plan for Multi-Feature Ecosystem 1472

The Solidton team is seeing increasing hype over its project by having new ambitions for the future. The expectations of 2025 and 2026 come closer as Solidton gets ready for growth with clearly defined targets in place.

The multi-feature platform designed by these developers includes a marketplace and decentralized financial services, among others. This large ecosystem is the first of its kind, offering strong integration between the metaverse and decentralized finance (DeFi).

Aiming for Growth

Growth is definitely one of the main objectives of Solidton, and the team is fully committed to seeing it achieved. They expect to see three-digit growth in 2025 with a solid development plan through their innovative DEX exchange and wallet.

Solidton outmatches the existing DeFi platforms with unique features and a sustainable approach to ensure long-term success. Below is the team’s official roadmap, divided into four crucial stages:

  • Phase 1: Launching the website and white paper publishing; start of the token presale (ICO).
  • Phase 2: Listing the token on top-notch crypto exchanges and launching the Solidton Wallet.
  • Phase 3: Integration of DeFi services, social features and forums, and DEX exchange launch.
  • Phase 4: Governance, voting for token holders, hosting virtual events, and continuous growth.

The team is confident that they have the potential to deliver one of the greatest DeFi platforms on the TON blockchain. Speaking of opportunities, an estimate for 2026 mentioned an estimate of 9 million active users that could join this adventure.

Meanwhile, the project’s team decided to direct all fees and reserves to liquidity. This choice is necessary to provide stability and reliability in the ecosystem.

The Features of the Solidton Ecosystem

Solidton’s whitepaper lists several features that make this project effective, versatile, and user-friendly.

Solidton will offer a marketplace to buy, sell, or exchange virtual items. The platform allows diverse personalization for anyone joining the metaverse. Moreover, the project perfectly works with NFTs, meaning the ownership of every virtual item is verifiable through the blockchain.

Solidton also makes available other financial services such as staking, loaning, and borrowing on the DeFi side. In this last case, it will be possible to rely on the project’s native token (SON) as collateral. A typical Solidton user may also engage in liquidity mining or farming for additional rewards.

The platform is decentralized, with management and decision-making resting upon the SON token holders. Simply put, holders may vote over major changes impacting the project.

In addition, Solidton has a social dimension that involves chatting, forums, and integration with social networks. This allows for community creation, content promotion, and interaction with a larger audience.

Curious users will find a wide set of training materials in the form of video tutorials and webinars from Solidton. And if one needs help or has questions, a technical support service is working around the clock. A complete list of features is available on the project’s website and on Solidton’s whitepaper.

The Project’s Tokenomics

What is also very interesting about the project’s whitepaper is a quick-to-understand comparison of SON’s token with ETH and BTC:

As for its transaction velocity, while BTC has slow transactions with high fees, SON has fast transactions with low fees.
While ETH has scalability issues, SON has an open playground to merge the metaverse with DeFi. The overall result is a much more versatile Web3 ecosystem.

In terms of token allocation, 1 billion SON tokens will be in circulation:

  • The biggest slice, at 64%, goes to the presale stage
  • 16% will go to the ecosystem 
  • 7% goes to the team, with a lockup lasting until 2026. 
  • Partners and advisors will get 4% of the tokens
  • 9% of the tokens will cover liquidity and listing purposes.

About Solidton

Solidton is a new token integrating DeFi with virtual worlds to create a fresh ecosystem. In summary, the project offers secure and transparent financial tools that foster user confidence.

The 2025–2026 plans of the project focus on synchronizing robust growth with innovation and sustainability. The team is making every effort to grow and become one of the top DeFi platforms on the TON blockchain.

Metalpha Adopts New Bitcoin Mining Index by Antalpha and FTSE Russell 1612

Metalpha Technology Holding Limited (the “Company” or “Metalpha”), a global digital asset-focused wealth management company, today announced it, through its subsidiary, has adopted the Antalpha BTC Mining Index for its BTC mining stocks fund. The index was recently launched by Antalpha and FTSE Russell.

Metalpha’s Bitcoin mining stock fund is managed by a wholly-owned subsidiary of the Company, LSQ Capital Limited. The fund uses the Antalpha BTC Mining Index as the benchmark to invest in publicly listed Bitcoin mining companies.

Antalpha is the world’s leading Bitcoin ecosystem service provider for institutional partners. As a strategic partner of Bitmain, Antalpha is trusted by institutions, startups, and qualified investors to drive innovation in blockchain technology and applications. It has become a leading company in the global blockchain financial services ecosystem.

The Antalpha BTC Mining Index selects the top ten publicly traded US Bitcoin mining companies and tracks their respective performance. The Antalpha BTC Mining Index will offer mainstream financial investors a reliable channel to gain crypto exposure. The index will be rebalanced every six months to reflect the market conditions.

Metalpha is one of the largest crypto derivatives traders in Asia and is dedicated to providing tailor made wealth management and hedging solutions to financial institutions including family offices, investment funds, crypto mining companies, etc. Metalpha previously launched a fund to invest in GBTC, which has seen large gains since launch, with its net asset value increased to 269.84%, outperforming Bitcoin by about 39% from $27,265 to $62,867.

“We are excited to launch this equity fund focusing on offering investors Bitcoin exposure through Bitcoin mining companies. The Antalpha BTC Mining Index comes because of high demand from global investors betting on the long-term growth opportunities of the Bitcoin mining industry. ” Adrian Wang, President and Director of Metalpha Technology Holding Ltd.

The Company is a holder of Type 1 (securities and virtual assets dealing services), uplifted Type 4 (advising on securities and tokens) & Type 9 (asset management) licenses by the SFC.

About Metalpha Technology Holding Limited

Founded in 2015, Metalpha Technology Holding Limited went public on October 20, 2017. The listed Company, through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

Growing the Buz Economy: Announcing the Social Intelligence Paranet Launch 2050

In the rapidly evolving world of tech and finance, the demand for innovation and adaptability is higher than ever, driven by a quest for transparency for internet users. LunarCrush has been at the forefront of Social Intelligence, converting human-driven insights into actionable information for both retail and institutional stakeholders. Originally focusing on the crypto industry, LunarCrush’s Social Intelligence now extends across diverse sectors such as technology, politics, travel, music, and more. Recognizing the convergence of crypto, the Internet, and Artificial Intelligence (AI), LunarCrush is making a significant leap forward in their transparency efforts through social intelligence. By launching the Social Intelligence Paranet on the OriginTrail Decentralized Knowledge Graph (DKG), LunarCrush aims to enhance content collection through incentivized crowdsourcing and enable the creation of AI-powered services on this trusted knowledge base.

The Decentralized Knowledge Graph and the Social Intelligence Paranet

The Social Intelligence Paranet will operate on the OriginTrail DKG, a permissionless peer-to-peer network that ensures all social content published to the Paranet is discoverable, verifiable, and attributed to its owners. This setup allows AI services leveraging this knowledge base to avoid challenges like hallucinations, managed bias, and intellectual property violations. For an in-depth understanding of the technical design of paranets, DKG, and decentralized Retrieval-Augmented Generation (dRAG), we recommend reviewing the OriginTrail Whitepaper.

The Social Intelligence Paranet Initiative

Aligned with LunarCrush’s growth trajectory, the Social Intelligence Paranet will initially target the crypto sector, attracting high-quality content creators and community members from various crypto projects. LunarCrush will also mine knowledge tied to their social insights, such as Alt Rank, Top Creators, and Sentiment analysis. Beyond knowledge mining, the Social Intelligence Paranet will feature the first AI-powered tool to interact with top knowledge assets on the Paranet, supported by LunarCrush. This AI-powered tool will be accessible to users paying with BUZ tokens. All BUZ tokens spent by users will be recycled as additional rewards for knowledge mining.

In the upcoming weeks, a comprehensive proposal for the Social Intelligence Paranet will be submitted to the NeuroWeb community for approval. The proposal will include:

  • Knowledge Assets created from LunarCrush APIs
  • An incentives model for knowledge miners targeting the first category of knowledge
  • A demo of the LunarCrush AI tool

Advancing the Wisdom of the Crowds

The traditional wisdom of the crowds concept eliminates idiosyncratic noise associated with individual judgment by averaging a large number of responses. Social Intelligence takes this concept further by unlocking actionable information through high-quality, curated knowledge enhanced with specific domain expertise. The rise of AI introduces the potential for another leap forward in extracting wisdom from a vast body of knowledge. Incentivized crowdsourcing to collect superior social content provides an ideal foundation for AI services to uncover wisdom that is not immediately apparent. While a conversational tool is the initial step, subsequent developments will include AI agents performing comprehensive tasks such as market analysis and prediction market suggestions. As the Social Intelligence Paranet expands beyond the crypto field, it promises to support enhanced decision-making powered by the wisdom of the crowds across various topics.

Unlimit partners with Alchemy Pay to streamline fiat-to-crypto purchases worldwide 2316

Global fintech company Unlimit today announced the expansion of its long-standing partnership with Alchemy Pay, the leading fiat-crypto payment gateway, aimed at enhancing its growth in key target markets, like the EU, SEA and LatAm, with the support of Unlimit’s extensive payment method portfolio.

Alchemy Pay facilitates fiat-to-crypto purchases across 173 countries, with strong coverage in Europe, Latin America, and Southeast Asia. The company is dedicated to providing accessible, user-friendly payment solutions that promote the global adoption of cryptocurrency by seamlessly connecting fiat and crypto economies.

Through this partnership, Alchemy Pay will streamline settlements and offer a wide range of global and local payment methods, including Visa, Mastercard, SEPA, and Google Pay, to consumers worldwide, guaranteeing a high level of security and service for individuals. It will also allow Alchemy Pay to expand its presence in key markets, reduce customer churn, and enhance customer loyalty by providing preferred payment options.

Irene Skrynova, the Chief Customer Officer at Unlimit, said: “We are excited to support Alchemy Pay on their mission to connect the world of traditional payment methods with the world of crypto. At Unlimit, we believe in ‘borderless payments’ and have dedicated over 15 years to making this a reality for our customers globally. This partnership brings us closer to an ‘omnipayment’ future, bridging the gap between Web2 and Web3.”

Alchemy Pay’s Ecosystem Lead, Robert McCracken said: “Our partnership with Unlimit will provide massive benefit to end users, by allowing Alchemy Pay to offer wider global coverage, lower costs, and improve transaction success rates. Their global payment experience and expertise will bolster our rapidly expanding suite of services which continue to be mainstream-friendly while ensuring security and stability in all areas. This is a great step forward.”

About Unlimit

Founded in 2009, Unlimit is a global fintech company that offers a large portfolio of financial services, including payment processing, banking as a service (BaaS), and an onramp fiat solution for crypto, DeFi, and GameFi. The company’s mission is to deliver solutions that eliminate financial borders, enabling businesses to operate both locally and internationally with ease across Europe, the UK, LATAM, APAC, India and Africa. Unlimit has 700 employees across 16 offices and five continents, including London, Singapore, São Paulo, Hong Kong, and Mexico. For further information, please visit: www.unlimit.com.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

Major Advancement for MNT Node Holders 2732

Minutes Network Token team are pleased to announce two new initiatives that significantly upweight their Node holder rewards program.

First, the share of Epoch rewards allocated to Node holders has been increased from 60% to 70%, and this additional 10% is excluded from the algorithmic burn process.

Second, all Node holders will share from a specific 37.5million MNT reward pool which will be distributed over the first twenty-four months.

With Switch Nodes requiring a minimum stake of 50,000 MNT and Validation Nodes 10,000 MNT, the holder of each type of node can receive incremental rewards of 37,500 and 7,500.

This means each Node is set to potentially return up to 75% of Node holders initial token stakes over the first two-years which are additional to the monthly epoch MNT rewards.

The MNT Head of Token said “We listened very carefully to the interests of Node holders as they are critical stakeholders to the success of the project. These innovations significantly enhance the rewards available to node holders and provide a compelling reason for people to own as many nodes as they can.”

The full details can be found in the MNT Whitepaper accessible at minutesnetworktoken.io/whitepaper.

There are 119 Switch Nodes and 1069 Validation Nodes available for staking. Purchase nodes can be done by visiting portal.minutesnetworktoken.io.

About Minutes Network Token

Minutes Network Token (MNT) is a product of Minutes Network Token LLC, a company incorporated in St. Vincent and the Grenadines, Company Number 095LLC2022.

Minutes Network Token is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.