What is ShineMine? ShineMine is a tokenized cryptocurrency mining operation that is self-expanding and carbon-neutral. SHINE tokens create value through decentralized financial control of mining operations […]
Mar 30, 2022 00:00:00
Dec 12, 2023 00:00:00
ICO Details
What is ShineMine?
ShineMine is a tokenized cryptocurrency mining operation that is self-expanding and carbon-neutral. SHINE tokens create value through decentralized financial control of mining operations that deploy physical hardware programmed to lend computing power to various blockchains. In exchange for that work, the miners receive financial rewards which are distributed to SHINE token holders.
ShineMine Unique Features
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Roadmap
ShineMine Token Economy
SHINE Tokens are BEP-20 tokens built on the Binance Smart Chain development platform. We chose the BSC platform for SHINE due to the lower fees and faster verification speed when compared to alternatives such as Ethereum.
The Binance Smart Chain was chosen due to its cheap gas fees and fast transaction times, which are possible thanks to BSC’s proof of staked authority (PoSA) mechanism.
Rewards will be paid in BNB to SHINE holders every week. Users will go to the DApp on our website to claim their rewards. A DApp is simply a decentralized app that runs on the blockchain, powered by smart contracts. The mining operation
receives rewards in the cryptocurrency that it mines.
ShineMine converts profits into BNB and sends a proportionate amount of the proceeds to the rewards pool based off of released SHINE supply. Since the project is simultaneously reinvesting for growth, investors are rewarded for holding – as the profits increase, holders’ APY increases.
The value of the token should correspond with the growth of the rewards pool. Paying rewards in BNB rather than our native token helps to stabilize the price of SHINE because taking profit in BNB applies zero sell pressure to SHINE tokens. Holders are incentivized to continue holding and are able to realize their rewards every week.
Detailed Token Metrics
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Token Distribution
SHINE allocation is divided between scheduled releases, a secured team wallet, presale members, and a marketing wallet.
SHINE holders will be eligible to collect weekly auto-stake rewards in BNB. For every active user transaction, a 2% SHINE reward is granted to holders of the SHINE token in decentralized wallets.
This incentivizes healthy decentralization of the ecosystem, and long-term investment in the network.
Shine is a BEP-20 token launching on the Binance Smart Chain in January 2022. The maximum supply of SHINE tokens is 10 billion.
Token Release Schedule
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Partners & Advisors
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Team Members
Investors
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