Faq

Ethereum is a decentralized permissionless network that uses the Proof-of-Work consensus mechanism like Bitcoin. However, Ethereum is fully transitioning to Proof-of-Stake with the implementation of an upgrade known as The Merge. Ethereum enables the deployment of smart contracts on the blockchain

MBASE is an ERC-20 token built on the Ethereum network. It is created through fees and its own energy. The fee price used to create the token through our CTP system rises as more tokens are created. MBASE is controlled by a smart contract

Follow the instructions in the back office. You will receive a word string to create your . Make sure you write it down for wallet restoration purposes in the future. Please keep this word string secret since it can be used to steal the coins in your wallet

The CTP value is the value needed to create the token. It takes more fees to create one Minebase cryptocurrency as the CTP value increases through the algorithm

Yes, you can get up to 45 times the value of the fees in your wallet address. Please refer to the tables available on the Minebase website

The tokens reach a CTP value of $793 041.08. The first token burning event takes place at this value

ERC-20 is a token creation standard on the Ethereum blockchain. Before ERC-20 tokens emerged, exchanges had to create custom bridges between platforms to support token swapping

The simple answer is that it happens due to the smart contract-controlled algorithm. As more tokens are created through fees, the fee price climbs higher

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

Yes. Anyone can create the Minebase token through our CTP system. The user only needs to register an account on our free app. 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 one MBASE. Alternatively, you can buy the cryptocurrency on the exchange where the Minebase token is listed and use the automatic option to receive a new wallet every 72 hours

Yes. There are two ways to create Minebase tokens through CTP for free

1. You can register your wallet address and get credited for the transactions you make.
2. Alternatively, you can use our free app. You will 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 one MBASE token

They were awarded as bonuses

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. This will allow the algorithm to calculate the fees from your wallet address. When you send a coin using your wallet address, the transaction fee you pay will be credited to you.

No. Never give your private key to anyone. Also, Minebase will never ask you for your private key

A smart contract is a self-executing code that lives on the blockchain. It allows parties to transact with each other without an intermediary. Once the predetermined conditions are met, the smart contract executes the outcome. Smart contracts cannot be altered once they are deployed on the blockchain

The smart contract controls the token including its creation. Smart contracts cannot be manipulated once they are deployed on the blockchain. However, they are visible to everyone thanks to the transparent nature of the blockchain.

Once you deposit at least ten Minebase tokens in the back office, you will automatically receive a wallet address. The more tokens you deposit, the more wallet addresses you will receive

There are wallets with many or few transactions. To ensure fair distribution, a random generator reassigns the wallets every 72 hours. This also enables every user to receive wallet addresses with large transactions running

By creating the tokens, you create value. Unlike Bitcoin which is created through solving complicated computational problems to make the network counterfeit-proof, Minebase uses the CTP system which is controlled by a smart contract. This smart contract is visible to everyone. As the creation price of the Minebase token gets higher and higher, its trading markets may recognize this and the price could adjust. But this is only speculation. In the end, supply and demand will decide

Minebase uses an affiliate system where you get 10% off everyone you refer. The reward is in MBASE tokens. However, you must deposit tokens yourself to receive the 10% reward

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

The resources used to create the MBASE cryptocurrency are the transaction fees generated by wallet addresses on the top 20 decentralized exchanges, Ethereum, and the Bitcoin network

All wallet addresses in Ethereum can be viewed, allowing Minebase to record the fees of each transaction through the smart contract. When $6.50 worth of fees has been generated in a wallet on Ethereum, the user who has connected this wallet to Minebase will receive one MBASE

We cannot view the transactions on the centralized exchanges because they run in a closed system. Therefore, users cannot create MBASE tokens from the fees generated by the wallets on these exchanges

Most of the wallet addresses on decentralized exchanges can be tracked, enabling us to capture the fees of each transaction through the smart contract. The user who connects their wallet to Minebase can create MBASE tokens with CTP from the fees generated

Most wallet addresses from the Bitcoin network can be tracked, allowing us to capture the fees of each transaction through the smart contract. The user who connects their BTC wallet to Minebase can create MBASE tokens with CTP from the fees generated. Minebase only selects the top wallet addresses on the Bitcoin network

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 within six hours

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

No. You can create the Minebase token with CTP for free by using your own wallet address

We need to confirm that the wallet address is yours. That is why we require users to make a transaction within six hours

This feature will be available for free on the Minebase website as well

You have to walk for a certain amount of time to get a value. When the token creation price is reached, you will receive the Minebase token

You need to transfer this code to your back office on Minebase to receive the MBASE

If the price of MBASE on the listed exchange falls by at least 10%, 0.025% of the tokens not yet created will be burned

This tool is used to keep the Minebase crypto price stable

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