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Faq

What is the goal of the MBASE token?

The goal of the token is to create a new and stable, independent cryptocurrency with our CTP system and without any special mining hardware or a complicated computing process that pollutes the environment.

What does CTP mean?

CTP stands for Creative Token Production and is a new way to create tokens. It is controlled by a smart contract.

What is Ethereum?

Ethereum is a decentralized permissionless network based on Bitcoin’s blockchain technology. In addition to transferring the blockchain’s currency in Bitcoin, Ethereum enables the execution of smart contracts on the blockchain.

What is an MBASE token?

An MBASE token is an ERC 20 token from the Ethereum network created only by fees and its own energy. The more tokens get created, the higher the fee costs to create a token through our CTP system. It is controlled by a smart contract.

How do I open a Minebase wallet?

Follow the instructions in the back office. To create your Minebase wallet, you will receive a word string. Make sure you write it down to restore your wallet if you forget your login. Please keep this word string secret, as anyone can restore the wallet with this word sequence.

How many Minebase tokens are there in total?

There is a maximum of 250 million Minebase tokens.

What is the CTP value?

The CTP value is the value needed to create the token. As the CTP value gets higher and higher through the algorithm, it takes more and more fees to create a Minebase token.

How is the algorithm created?

There is a table for this available on the website www.minebase.com

Do I also get more fees when the CTP value increases?

Yes, you can get up to 45 times the value. Please refer to the tables available on the Minebase website.

What is the CTP value of the tokens that are burned?

Since the tokens reach up to the CTP value of 793,041.08, that is also the CPT value of the tokens burned first.

Why are Minebase tokens burned?

To stabilize the value of the Minebase token.

What is an ERC 20 token?

The ERC 20 is a token creation standard on the Ethereum blockchain. Before ERC20 tokens appeared, Exchanges had to create custom bridges between platforms to support token exchanges.

Why is the Minebase token becoming more expensive to create?

Due to the algorithm. The more tokens are created by fees, the higher the fee price gets. It is controlled by a smart contract.

Is there any risk if I create Minebase tokens through CTP?

Since no investment is required, there is no risk. However, when you buy Minebase tokens to deposit them, the price of the Minebase token is determined by supply and demand. Therefore, you have to take a price risk into account.

Can anyone create Minebase tokens through CTP?

Yes. Anyone can create the Minebase token through our CTP. The user only needs to register and our free tool. It means you will receive a certain value per hour with a conversion factor. If the value you receive per hour cumulatively reaches the value of the Minebase Token, you will receive the Minebase Token. Of course, you can also buy the token on the exchange where the Minebase token is listed, and thereby use an automatic option and automatically receive a new wallet every 72 hours.

Can I create Minebase tokens for free?

Yes. There are two ways to create Minebase tokens through CTP for free.
1. You register your wallet address and get credited from those transactions you cause there.
2. You use our free app. It means you get a certain value per hour with a conversion factor. If the value you receive per hour cumulatively reaches the value of the Minebase token, you will receive the Minebase token.

Why are 45 million tokens already there?

Those awarded tokens were issued as bonuses.

Do I need to register my wallet?

If you want to create the Minebase token through CTP for free, you have to enter your wallet address in the given field in the back office, so that the fees that arise there, could be calculated from your wallet address. When you send a coin with your wallet address, the fee you paid will be credited to you.

Do I have to provide my private key?

No. Please never give your private key to anyone, even if someone asks you for it. We will never ask you for your private key.

What is a smart contract?

Smart contracts are computer protocols that can map and verify contracts, as well as can technically support the negotiation or settlement of a contract. Anyone can view the smart contract. Read more about smart contracts here: https://www.blockchain-insider.de/wie-funktionieren-smart-contracts-a-1049794/

What securities does the user have in this project?

The smart contract controls the whole process of a token as it was created with this function. Since the smart contract is considered secure, it is impossible to manipulate it. The smart contract is visible to every user.

How do I get automatic wallet addresses?

Once you deposit at least ten Minebase tokens in the back office at My Base, you will automatically receive a wallet address. The more tokens you have deposited, the more wallet addresses you will receive (see the description on the Minebase website).

Why does the automatic wallet change addresses every 72 hours?

There are wallets with many or few transactions. To ensure it is fairly distributed, a random generator reassigns the wallets every 72 hours. That also enables every user to receive wallet addresses with large transactions running.

How are the wallet addresses assigned?

A random generator decides on which wallet address you will get. It is controlled by the smart contract.

What happens to the value displayed in the back office when a wallet address changes automatically?

If the wallet address changes after 72 hours, the value you have received from the address till that time remains. No matter how many times the address changes, the value remains there until the Minebase token is created by the CTP.

How do I achieve the Silver status?

You must deposit 50 MBASE tokens in the wallet for at least three months (90 days) or create at least 500 MBASE tokens with your MBASE wallet.

How do I achieve the Gold status?

You must deposit 200 MBASE tokens in the wallet for at least six months (180 days) or create at least 1000 MBASE tokens with your MBASE wallet.

How do I achieve the Platinum status?

You must deposit 500 MBASE tokens in the wallet for at least 12 months (360 days) or create at least 2000 MBASE tokens with your MBASE wallet.

What is the difference between the basic account and the upgrades to Silver, Gold, and Platinum?

The difference is that the user receives additional wallet addresses. The cost is 10%. It means for all tokens created with the Silver, Gold, or Platinum status, 10% of the tokens will be deducted from the user for stabilization. The user will not have to pay any costs. There is one additional wallet address for the Silver status, while there are three for the Gold status and five for the Platinum status.

How can I make a profit with the Minebase token?

By creating the tokens, you create a value. Similar to Bitcoin, created through complicated computational tasks to make the network counterfeit-proof, here we also use our CTP system with a smart contract. It is also visible to everyone. As the creation price of the Minebase token gets higher and higher, the trade on the Minebase token listed exchanges may recognize that, and the price will adjust. But this is only a speculation. In the end, supply and demand will decide.

How can I earn money at Minebase?

Minebase uses an affiliate system where you get 10% on everyone you refer. It means you get Minebase tokens for that. However, you must also deposit tokens yourself to receive the 10%.

How many tokens do I have to deposit to get the 10% as an affiliate?

You have to deposit at least ten tokens. If you have users who have a Silver Wallet, you have to deposit 50 tokens to get the 10% from these users. If you have users who have a Gold Wallet, you have to deposit 200 tokens to get the 10% from these users. If you have users who have a Platinum Wallet, you have to deposit 500 tokens to get the 10% from these users.

What resources are used to create the Minebase token?

The resources used are the resources of the wallet addresses from the Decentralized Exchanges, the Etherscan, and the Bitcoin network.

What does it mean to create CTP Etherscan?

All wallet addresses in Etherscan can be viewed so that we can record the fees of each transaction through the smart contract. The user who owns this address in Minebase receives the fees of this wallet address to create the Minebase token with CTP.

Why doesn’t wallet viewing work for Centralized Exchanges?

We cannot view the transactions at the Centralized Exchanges because the transactions there run in a closed system. Therefore, these remain outside.

What does CTP Decentralized Exchange mean?

Most of the wallet addresses from the Decentralized Exchanges can be tracked so that we can capture the fees of each transaction through the smart contract. The user who owns this address at Minebase receives the fees of this wallet address to create the Minebase token with CTP.

What does CTP Bitcoin network mean?

Most wallet addresses from the Bitcoin network can be tracked so that we can capture the fees of each transaction through the smart contract. The user who owns this address at Minebase receives the fees of this wallet address to create the Minebase token with CTP. On the Bitcoin network, only the top wallet addresses are selected.

Can I register my wallet address with Minebase myself?

Yes, if you register your own wallet address, you can use it for a long time. You also need to verify your wallet and make a transaction with your wallet within six hours.

Why can I keep my own registered wallet address?

First of all, because it’s your own one. Secondly, if you deposit your own wallet address, you don’t have to deposit Minebase tokens. This process does not cost you anything, but you can deposit a maximum of five own wallet addresses.

Do I have to deposit tokens if I use my own address?

No. Using your own wallet address, you can create the Minebase token with CTP for free.

Why do I need to make a transaction with my wallet if I want to register my own wallet address?

We need to check whether it is your own wallet address, and that is why you need to make a transaction with this wallet address within six hours.

What does Smartphone App Period of Time mean?

It means you receive a certain value per hour with a conversion factor. When the value you receive per hour cumulatively reaches the value of the Minebase token, you will receive the Minebase token.

Can I use Smartphone App Period of Time on my smartphone only?

You have to start with the possibility of using this tool for free on the Minebase website as well.

What is CTP Smartphone App Walk to Earn?

You have to walk for a certain amount of time to get a value. When this value reaches the value of the Minebase token, you will receive the Minebase token.

What do I do with the code I have received on the smartphone?

You need to transfer this code to your back office at Minebase and receive the Minebase token in return.

What does CTP Price Regulation mean?

If the Minebase token is listed on the Exchange, six months upon listing, 0.025% of the tokens not yet created will burn down if the price of the Minebase token on the Exchange falls by at least 10%.

Why is the price regulation tool used?

This tool is used to keep the Minebase token price stable..

How can I sell the Minebase token?

You can sell the Minebase token on the listed exchanges.

How can I buy the Minebase token?

You can buy the Minebase token on the listed exchanges.

Do I have to enter my data when registering with Minebase?

No, you only need to enter a username, a password, and an email address.

Deposit tokens

The tokens you need to deposit when the CTP value increases can be viewed in the table provided on the Minebase website.