MBASE MBASE
$ 0.0249 USD
$ 0.0249 USD
$ 3.923 million USD
$ 3.923m USD
$ 116.30 USD
$ 116.30 USD
$ 228.18 USD
$ 228.18 USD
0.00 0.00 MBASE
Minebase-related information
Issue Time
2022-09-19
Platform pertained to
--
Current coin price
$0.0249USD
Market Cap
$3.923mUSD
Volume of Transaction
24h
$116.30USD
Circulating supply
0.00MBASE
Volume of Transaction
7d
$228.18USD
Change
24h
0.00%
Number of Markets
4
Crypto token price conversion
Current Rate0
0.00USD
MBASE Price Chart
Minebase introduction
Markets3H
0.00%
1D
0.00%
1W
0.00%
1M
-6.57%
1Y
-88.01%
All
-95.63%
| Aspect | Information |
|---|---|
| Short Name | MBASE |
| Full Name | Minebase |
| Founded Year | 2023 |
| Main Founders | Harald Seiz |
| Supported Exchanges | Binance, Coinbase, DigiFinex, P2B, SecondBTC, Bitget, Huobi Global, OKEx, KuCoin, BitMart |
| Storage Wallet | The Minebase wallet, software, mobile, hardware, and paper wallets |
Overview of Minebase (MBASE)
Minebase (MBASE) is a type of digital cryptocurrency that operates on decentralized platforms. Similar to other cryptocurrencies, it utilizes blockchain technology for its operations, promoting secure, transparent transactions. Founded on principles of decentralized control as opposed to traditional central banking systems, MBASE follows a different algorithm to validate transactions and mine new tokens.
Pros and Cons
| Pros | Cons |
|---|---|
| Decentralized control | Market volatility |
| Secured by blockchain technology | Requires digital wallet for use and trading |
| Transparent transactions | |
| Different algorithm for validating transactions and mining |
Crypto Wallet
The Minebase wallet system is designed to reward users who hold and actively participate in the creation of MBASE tokens. By strategically holding MBASE tokens or diligently creating them through the CTP system, you can unlock higher wallet tiers and gain access to more wallet addresses, ultimately accelerating your MBASE token creation process. The burning mechanism helps maintain a balanced token economy.
What Makes Minebase (MBASE) Unique？
Minebase (MBASE) sets itself apart from other cryptocurrencies through its unique algorithm for validating transactions and mining new coins. Unlike other cryptocurrencies that commonly use Proof-of-Work (PoW) or Proof-of-Stake (PoS) consensus mechanisms, MBASE employs a different proprietary algorithm. This innovative approach helps increase efficiency and safety, making it distinct from other digital currencies.
How does Minebase (MBASE) Work？
Minebase (MBASE) operates on the principle of decentralized control which is a fundamental feature of most cryptocurrencies. It uses a proprietary algorithm for validating transactions and mining new tokens, which makes it distinct from other forms of cryptocurrencies that primarily use either Proof-of-Work (PoW) or Proof-of-Stake (PoS) consensus mechanisms.
The transactions within the MBASE network are carried out in the following way:
1. Initiation of Transaction: A user initiates a transaction using their digital wallet, entering the recipient's address and the amount to be transferred.
2. Verification: The transaction is then verified by the network through its unique algorithm. This algorithm checks the validity of the transaction, ensuring that the sender has sufficient MBASE tokens to perform the transaction.
3. Addition to the Blockchain: Once a transaction is verified, it is added to a block. When this block is completed, it's added to the blockchain. Importantly, each block is linked to the preceding one, creating a chain of blocks - hence, blockchain.
4. Mining: MBASE miners solve complex computational problems to validate and add the blocks to the blockchain. This process of solving puzzles, validation, and addition of the blocks is known as mining.
5. Reward: Upon successful addition of the block to the blockchain, the miner is rewarded with newly minted MBASE tokens.
Exchanges to Buy Minebase (MBASE)
Minebase (MBASE) can be purchased on various crypto exchanges, each supporting a variety of trading pairs.
Binance: Binance, based in Malta, is one of the largest global crypto exchanges. It offers a high liquidity level and a diverse range of coin pairs for trading. Binance supports MBASE trading against multiple pairs, including but not limited to BTC (Bitcoin) and ETH (Ethereum).
| Step | Description |
|---|---|
| 1. Download Trust Wallet | Identify Trust Wallet as a suitable option for the BNB Chain network. |
| Download the official Trust Wallet Chrome extension (desktop) or mobile app (Android/iOS) directly from their website. | |
| 2. Set Up Your Trust Wallet | |
| 2.1 | Follow Trust Wallet app/extension instructions to register and set up your wallet. |
| 2.2 | Refer to Trust Wallet's support page for detailed guidance if needed. |
| 2.3 | Crucially, secure your seed phrase and keep your wallet address safe. You'll need them later. |
| 3. Acquire BNB (Base Currency) | |
| 3.1 | Assumption: MBASE might not be directly purchasable with fiat currency on Trust Wallet. |
| 3.2 | Therefore, acquire BNB as a base currency to exchange for MBASE. |
| 3.3 | If you don't have a Binance account, use their guide on registering and buying your first cryptocurrency (likely BNB). |
| 3.4 | Once you have BNB on Binance, transfer it to your Trust Wallet (explained in step 4). |
| 4. Send BNB from Binance to Trust Wallet | |
| 4.1 | In your Binance account, locate your BNB holding and select “Withdraw.” |
| 4.2 | Choose “BNB Chain” as the network for the withdrawal. |
| 4.3 | Provide your Trust Wallet address where you want to receive the BNB. |
| 4.4 | Specify the amount of BNB you want to transfer. |
| 4.5 | Initiate the withdrawal and wait for your BNB to arrive in Trust Wallet. |
See this link for details on how to buy MBASE：https://www.binance.com/en-ZA/how-to-buy/minebase
Coinbase: A user-friendly exchange well-suited for beginners, offering a limited but reputable selection of cryptocurrencies.
| Step | |
|---|---|
| 1. Download Coinbase Wallet | Download the Coinbase Wallet mobile app or browser extension directly from their website. |
| 2. Set Up Your Wallet | |
| 2.1 | Choose a username for your Coinbase Wallet. |
| 2.2 | Crucially, secure your 12-word recovery phrase. Never share it with anyone. Consider writing it down on paper and storing it securely. |
| 3. Understand Network Fees | |
| 3.1 | Be aware of Ethereum network fees associated with transactions. These fees depend on network traffic and transaction speed. |
| 3.2 | Research Ethereum fees to plan for these costs (link not provided). |
| 4. Acquire Ethereum (ETH) | |
| 4.1 | Since MBASE might not be directly purchasable with fiat currency, you'll need ETH to exchange for it. |
| 4.2 | If you don't have a Coinbase account, create one to buy ETH. Refer to their guide for creating an account and buying ETH (link not provided). |
| 4.3 | Once you have ETH on Coinbase, transfer it to your Coinbase Wallet. Instructions differ between the app and browser extension (link not provided). |
| 5. Buy MBASE with ETH | |
| 5.1 | Go to the “Assets” tab in your Coinbase Wallet app or browser extension. |
| 5.2 | Tap/click the “Swap” icon and select “Choose asset.” |
| 5.3 | Choose Minebase (MBASE) from the asset list. |
| 5.4 | Enter the amount of ETH you want to exchange for MBASE, factoring in transaction fees. |
| 5.5 | Confirm your purchase and follow the on-screen instructions to finalize the trade. |
See this link for details on how to buy MBASE：https://www.coinbase.com/how-to-buy/minebase
DigiFinex: A global exchange known for its extensive altcoin listings, margin trading, and mobile app.
P2B: A peer-to-peer marketplace facilitating direct cryptocurrency trades between users.
SecondBTC: A lesser-known exchange, so it's important to exercise caution and conduct thorough research before using it.
How to Store Minebase (MBASE)？
MBASE can be stored in different kinds of wallets depending on the desired level of security and convenience.
Software Wallets: Software wallets or online wallets are downloadable applications or can be accessed through a web browser. These are convenient for frequent transactions and trading. Examples include Metamask, MyEtherWallet.
Hardware Wallets: Hardware wallets like Ledger and Trezor store the user's private keys offline on a physical device. They offer high security for storing cryptocurrencies and enabling transactions. They are beneficial for storing large amounts of MBASE.
Is It Safe？
- Underlying Blockchain Security: MBASE resides on a secure and reputable blockchain platform (e.g., Ethereum, Binance Smart Chain), and it inherits the security features of that platform's consensus mechanism (e.g., Proof-of-Work or Proof-of-Stake).
- Smart Contract Security: MBASE utilizes smart contracts for token creation or other functionalities. Audits by independent security firms can help identify and address potential vulnerabilities in the code.
- Secure Wallet Storage: The security of user wallets where MBASE tokens are held is also critical in the MBASE wallet.
How to Earn Minebase (MBASE)？
Earning Minebase (MBASE) generally involves a few standard methods known to the cryptocurrency world:
1. Mining: Mining is a way to earn MBASE where miners compete to solve complex mathematical problems to add a new block to the blockchain. In reward, they receive a certain amount of MBASE. However, mining requires significant computational resources and electricity, so the feasibility should be carefully evaluated.
2. Buying on Cryptocurrency Exchanges: MBASE can be bought directly on various exchanges like Binance, OKEx, Huobi Global, KuCoin, and BitMart using other cryptocurrencies or fiat currency, depending on the available pairs. Please remember that each exchange has different fees and procedures.
3. Staking: If MBASE supports a Proof of Stake (PoS) consensus mechanism or similar, staking could be an option. By staking a certain amount of MBASE, you can validate transactions and earn more MBASE in return. Again, check if MBASE supports such a feature.
FAQs
Q: What technology does Minebase (MBASE) operate on？
A: MBASE operates on decentralized platforms, primarily leveraging blockchain technology.
Q: How can I purchase MBASE？
A: MBASE can be purchased on various crypto exchanges that support this currency, like Binance, OKEx, Huobi Global, KuCoin, and BitMart.
Q: How can I safely store MBASE？
A: MBASE can be securely stored in digital wallets that support MBASE, and these wallets can be software, mobile, hardware, or paper types.
Q: What should I consider before investing in MBASE？
A: You should research Minebase thoroughly, understand the volatility of cryptocurrencies, begin with a small investment, and ensure secure storage, while staying updated with the latest MBASE or general crypto news.
MBASE Good investment market
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