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Mining is the process of extracting useful materials from the earth.
Some examples of substances that are mined include coal, gold, or iron ore.
The process of mining dates back to prehistoric times.
Prehistoric people first mined flint, which was ideal for tools and weapons since it breaks into shards with sharp edges.
The mining of gold and copper also dates back to prehistoric times.
Many countries view the mining sector as a key engine of economic development.
In fact, the mining industry provides all natural resources.
Those resources act as the foundation of high-speed developments of all aspects of the world.
But what’s the analog of mining in the Metaverse? Is there such an activity that provides resources that drive the development of Metaverse? One will think this should be something related to the crypto mining industry.
But how can we leverage the crypto mining business and make it a key driver for Metaverse development.
INTRODUCTION
Blockchain technology has become so useful in every field of life like Agriculture, Finance and management sector, Real Estate and even Artists, content creators, photographers are now using blockchain which birthed NFTs.
Galaxy Heroes Coin is built as NFT platform that will offer the best blockchain technology architecture solutions for the virtual world in the future.
The Galaxy Heroes Coin project gives security, high performance crosschain and is capable of solving various challenges in the development of the virtual world.
The developers and users can get a blockchain technology architecture for the virtual world with much improvement in security and performance than conventional technology With the Solutions proffered by MetaMine .
Mining operations have changed substantially as the industry has professionalized.
Mining data centers are now industrial-scale facilities with management and service on par with traditional cloud data centers.
Contracts are often long-term and built for multiple hardware cycles requiring significant upfront capital spending and power supplies ranging in the hundreds of megawatts.
Electricity is a critical consideration in the economics of mining facilities, with low-cost stranded renewables particularly attractive.
Miners have also begun to leverage vented and flared natural gas at upstream oil and gas facilities.
Additionally, governments are offering electricity subsidies to attract miners who will set up operations and steer their countries toward the leading edge of innovation.
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The MetaMine Project
Combining our views on Metaverse Currency, DAO Development, Green Mining ambition, and Global Policies, MetaMine introduces the world’s first green mining community built on DAO governance.
MetaMine is an open-source project on multiple blockchains and a Decentralized Autonomous Organization. The project is managed by its circulating token holders.
Through a system involving Committee Election and Operation Decision Voting, MetaMine community members can vote for all operational decisions of the MetaMine Project.
The MetaMine community has several key goals that we are devoted to achieve in one single ecosystem:
To provide a circulating currency for Metaverse that is based on crypto mining.
To revolutionize the crypto mining industry, making it greener and cleaner.
To bring democracy to the organization, so we don’t fear being overruled by extreme power.
The community will act as a fundamental part of the virtual world, a.k.a.
the Metaverse.
The community would issue a utility token.
This token will be the key component for DAO governance, and at the same time, will function as a universal currency in Metaverse.
The MINE Token
MetaMine introduces the world’s first fungible token, ticker as MINE, that allows every holder to participate in the forging of crypto mining society democratically and can also be used as universal currency in Metaverse.
One can be an advocate to steer the direction of the MetaMine community to revolutionize the mining industry by holding the MINE token and proactively submitting the ballot.
One can also spend the MINE as a universal currency in exchange for other properties in the Metaverse.
The initial issuance of MINE will be fixed, and no extra MINE will be issued unless the community members vote to do so.
MINE’s voting weight is proportional to the average MINE tokens held in the voters’ address during a voting period.
In other words, the more MINE tokens held in the address and the longer the MINE tokens are held, the greater the voter’s decision-making power.
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Bitcoin Mining
Bitcoins don’t exist physically and are merely a sequence of virtual data.
There’s no central authority for Bitcoins, similar to a central bank that controls currencies.
Instead, programmers solve complex puzzles to endorse Bitcoin transactions and get Bitcoins as a reward.
This activity is called Bitcoin mining.
TokenDistribution
MINE Token will have a total issuance of one billion or 1,000,000,000 MINEs.
The initial distribution will be: 10%: Funding Team.
Token will be released linearly for 5 years. 6%: Operation, marketing, and PR.
Token will be released linearly for 1 year. 20%: Private Sales.
Token will be released linearly for 1–4 years. 0.5%: Liquidity
Pool on DEX(s). 63.5%: Official Account(s) for future release.
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DAO on-Chain
DAO on-Chain phase is considered an intermediate phase when we put most of the executable resolution on-Chain.
In this phase, we will free an enormous part of the Committee’s monitoring duty by automatically executing the approved resolution using on-chain code. We will also make the CEM fully on-chain to ensure seamless execution.
For instance, the DAO resolution’s smart contract will automatically update taken circulation parameters if a related motion is approved.
Get more details here;
Website: https://metamine.green/index.html
Twitter: https://twitter.com/MetaMineToken
Telegram: https://t.me/MetaMineToken
Telegram: https://t.me/MetaMineCommunity
Youtube: https://www.youtube.com/channel/UCV6azbNglZ4Igje_h-M-zbw
Instagram: https://www.instagram.com/MetaMineToken/
Reddit: https://www.reddit.com/r/MetaMineToken/
AUTHOR:
Bitcointalk username:tonojack80
Bitcointalk profile https://bitcointalk.org/index.php?action=profile;u=3122847
BSC Wallet Address: 0xd0cA9Fb2f816310bc21F816b0EfA6334BB2C3073