MBASE
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MBASE MBASE

Minebase 2-5 years
Cryptocurrency
Website https://minebase.com/
Browser
OTH RELPs
White Paper
MBASE Avg Price
0.00%
1D

$ 0.0380 USD

$ 0.0380 USD

Market Cap

$ 8.879 million USD

$ 8.879m USD

24h trading volume

$ 12,625 USD

$ 12,625 USD

7d Vol

$ 83,899 USD

$ 83,899 USD

Circulating supply

0.00 0.00 MBASE

Related information

Issue Time

2022-09-19

Platform pertained to

--

Current price

$0.0380USD

Market Cap

$8.879mUSD

Volume of Transaction

24h

$12,625USD

Circulating supply

0.00MBASE

Volume of Transaction

7d

$83,899USD

Change

24h

0.00%

Number of Markets

4

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Current Rate0

Available

0.00USD

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MBASE Price Chart

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

+109.62%

1Y

-82.34%

All

-93.45%

AspectInformation
Short NameMBASE
Full NameMinebase
Founded Year2023
Main FoundersHarald Seiz
Supported ExchangesBinance, Coinbase, DigiFinex, P2B, SecondBTC, Bitget, Huobi Global, OKEx, KuCoin, BitMart
Storage WalletThe 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.

Overview of Minebase (MBASE).png

Pros and Cons

ProsCons
Decentralized controlMarket volatility
Secured by blockchain technologyRequires 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.

Crypto Wallet.png

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.

What Makes Minebase (MBASE) Unique?.png

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.

How does Minebase (MBASE) Work?.png

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).

StepDescription
1. Download Trust WalletIdentify 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
2.1Follow Trust Wallet app/extension instructions to register and set up your wallet.
2.2Refer to Trust Wallet's support page for detailed guidance if needed.
2.3Crucially, secure your seed phrase and keep your wallet address safe. You'll need them later.
3. Acquire BNB (Base Currency)
3.1Assumption: MBASE might not be directly purchasable with fiat currency on Trust Wallet.
3.2Therefore, acquire BNB as a base currency to exchange for MBASE.
3.3If you don't have a Binance account, use their guide on registering and buying your first cryptocurrency (likely BNB).
3.4Once you have BNB on Binance, transfer it to your Trust Wallet (explained in step 4).
4. Send BNB from Binance to Trust Wallet
4.1In your Binance account, locate your BNB holding and select “Withdraw.”
4.2Choose “BNB Chain” as the network for the withdrawal.
4.3Provide your Trust Wallet address where you want to receive the BNB.
4.4Specify the amount of BNB you want to transfer.
4.5Initiate 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 WalletDownload the Coinbase Wallet mobile app or browser extension directly from their website.
2. Set Up Your Wallet
2.1Choose a username for your Coinbase Wallet.
2.2Crucially, 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
3.1Be aware of Ethereum network fees associated with transactions. These fees depend on network traffic and transaction speed.
3.2Research Ethereum fees to plan for these costs (link not provided).
4. Acquire Ethereum (ETH)
4.1Since MBASE might not be directly purchasable with fiat currency, you'll need ETH to exchange for it.
4.2If 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).
4.3Once 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
5.1Go to the “Assets” tab in your Coinbase Wallet app or browser extension.
5.2Tap/click the “Swap” icon and select “Choose asset.”
5.3Choose Minebase (MBASE) from the asset list.
5.4Enter the amount of ETH you want to exchange for MBASE, factoring in transaction fees.
5.5Confirm 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.

User Reviews

More

14 ratings

Participate in evaluation
Kennethng
The team's communication lacks clarity and leaves much to be desired. Transparency is key in building trust within the community.
2024-07-22 10:21
0
Hendryono
The security community trust content lacks transparency and reliability, raising concerns about the project's credibility and future growth potential.
2024-05-29 09:07
0
Phakakorn Janjomkorn
The anonymity capability of this technology is lacking in terms of security and trustworthiness. The team's track record and transparency are also questionable. Overall, there are concerns about the sustainability and practicality of this project.
2024-04-05 15:15
0
Edmund Ng
The project's potential is promising and addresses market demand with innovative solutions, although there are concerns about security and regulatory challenges.
2024-07-25 14:43
0
Chow Kok Liang
The developer support content from the MBASE Community is lacking in depth and engagement, leaving room for improvement in fostering community collaboration and growth.
2024-07-01 10:01
0
Perseus Tiger
Love the potential for growth and market demand of this project's unique tokenomics and strong community support. Highly volatile but promising for long-term investors.
2024-06-25 12:49
0
Yusaini Daud
Interesting concept with potential for real-world applications and market demand. Team has solid experience and transparent track record. Community engagement and developer support are key strengths. Security and regulatory concerns could impact future growth. Competitive landscape and tokenomics warrant further analysis. Volatility and rewards present both risks and opportunities.
2024-06-20 10:53
0
ming82454
The security audit reports of MBASE are thorough and detailed, providing valuable insights into potential vulnerabilities. The content is informative and well-presented, highlighting areas of strength and improvement. Overall, a solid resource for understanding the security measures in place.
2024-03-28 19:20
0
Ainul Mardiah
The historical price performance of MBASE shows significant volatility, presenting both risks and long-term potential. Emotional and interactive content conveys a nuanced understanding of market dynamics.
2024-03-02 14:55
0
Dmess
Great potential for practical use in solving market demand with strong technology and team support. Promising tokenomics and community engagement.
2024-04-16 10:37
0
Eric Sow Cheong Fatt
Innovative blockchain technology with strong scalability and consensus mechanisms. Practical applications solving real-world problems with high market demand. Experienced team with transparent performance records. Growing acceptance among users, merchants, and developers. Solid tokenomics and sustainable economic model. Robust security measures and trusted by the community. Potential regulatory challenges but poised for success. Differentiated from competitors with active and supportive community. High volatility but promising long-term potential. Impressive market value, liquidity, and solid fundamentals for growth.
2024-06-03 11:05
0
GodLight
The community engagement on MBASE platform is top-notch, fostering a vibrant and interactive environment for all participants. Exciting discussions, lively debates, and valuable insights make it a must-visit for anyone interested in the crypto space.
2024-04-29 15:30
0
Jack63310
Impressive track record in blockchain technology, strong community engagement, solid development team, promising future potential.
2024-03-20 09:57
0
matthew teoh
Exciting potential for growth in tokenomics and market demand. Strong team transparency and community trust. The future looks bright for this project!
2024-03-05 11:22
0