Copium Protocol Review: An Innovative Multi-Pronged Blockchain Investment Project

Copium Investor Pass NFT collection will be launched via a Dutch auction scheduled for early-mid October. While the price of each NFT will start at 3.5 ETH, you can get them for a discounted price of 3 ETH by registering early. The deflationary mechanism goes a long way in sustaining the value of the token in the market in the long term. It encourages investors to stake their Copium Coin holdings and Investor Pass NFTs despite the ups and downs in the market.

It does not adhere to conventional cloud mining and seeks to fully decentralize cryptocurrency mining by utilizing an innovative strategy. The platform has well-defined staking and burning mechanisms in place to distribute a share of the revenue generated from the upgraded infrastructure to investors. It is completely powered by a surplus of 100% clean, renewable hydroelectricity generated locally. Even if you are new to cryptocurrencies and crypto mining, the platform promises to help you make a profit from the ecosystem. It eliminates the restrictions of cloud mining, providing investors with a straightforward, easy-to-use solution. Copium Protocol is a multi-pronged mining investment project based on the Ethereum blockchain. is an innovative multi-pronged blockchain investment project that aims to make crypto mining more affordable, environmentally friendly, and decentralized. The project’s native token is currently on presale, and the project’s NFTs are available for mint registration. Copium Mining, a mining operation headquartered in Otago, New Zealand, serves as the protocol’s focal point. Copium mining has the advantage of being powered by a surplus of renewable energy generated in New Zealand’s Southern Alps foothills. The Copium Protocol Investor Pass, a group of 10,000 NFTs that could be created on the Ethereum network in early to mid-October, will serve as the project’s official preface. In fact, the lowest possible staking rate for the Investor Pass (12%, locked for 30-days) is still higher than the highest possible public staking rate (11%, locked for 24 months).

The corporation expects the coin to be highly deflationary if it buys and burns it regularly. Since its inception, the company has conducted over 10 million transactions with cryptocurrencies, ensuring that all its customers are being paid on time. Genesis Mining is one of the largest cloud-based mining companies, with over 2 million customers in 100 different countries. Over time, as the ecosystem matures, the supply of Copium Coin will only ever decrease, making it much more scarce. The funds will be used to upgrade the hardware and infrastructure at the Copium Mining facility in New Zealand.

The Copium Protocol ecosystem has four pillars — Copium Coin, Copium Investor Pass, Copium Mining, and Copium Staking. Let’s understand how they contribute to the platform’s goal to decentralize crypto mining. It’s also worth noting that the Copium Coin will become a deflationary asset due to the mining facility’s profits. Once a mining contract is signed, users receive daily payouts when requested and can control the mining contract from any device through the LetMeCloud dashboard. As Genesis Mining is a pioneer in the industry, they have established strong relationships with mining equipment companies. Therefore, they can purchase the hardware below the market cost and pass the savings on to their customers.

The funds generated from the NFT sale will be used to upgrade the infrastructure and hardware at Copium Mining. Once the facility has been upgraded, all the daily revenue generated from the mining facility is used to purchase Copium Coin from the open market. As you can see, Copium Protocol takes an innovative approach to bringing crypto mining to the masses.

copium protocol

Beginning midway through the month of October will see a Dutch auction introducing the Copium Investor Pass NFT collection to the general public. While the price of one NFT will be 3.5 ETH upon launch, early registrants will be able to get them for 3 ETH. The most significant mining operation owned by the corporation may be found in a town in New Zealand.

copium protocol

The funds will be used to purchase bulk quantities of the latest and most power-efficient generation of miners. The entire idea of the project is to utilize Copium Mining to mine cryptocurrency and then use the daily revenue generated from mining to purchase Copium Coin from the open market. The tokenomics of the protocol state that 10% of the total supply of one billion tokens shall be allocated to investors who have purchased investor passes. NFT holders will have the opportunity to earn a special one-time-only staking rate, which is not the least of the benefits they will receive. During the fixed term of 36 months, the annual percentage yield (APY) will be 38%. NFT holders must have staked a total of at least 10,000 Copium Coins or more in order to be eligible for the offer.

Lastly, BeMine also sells ASIC mining equipment to users so they can mine in their own location. In addition, they sell top-tier miners from some of the largest mining companies, such as Bitmain and MicroBT. In addition to cloud mining, BeMine also hosts other people’s hardware and sells ASIC miners directly.

  • If you retain your Copium Coins in the staking contract for a longer period of time, you will earn a larger interest rate.
  • There are additional tariffs that are restricted to Investor Pass holders that are far higher than the rates available to the general public.
  • Copium Coin is the ERC-20 token that powers the ecosystem and will be simultaneously released to the public with the Investor Pass.
  • IQ mining is a platform that combines cloud mining with Forex margin trading to provide a complete platform for a wide range of users.

In addition to this, the revenues will be utilized to modernize the infrastructure and increase the capacity of the current Copium Mining operation. Because Copium Coin is an ERC-20 token, it may be stored in any wallet that supports Ethereum as long as it has sufficient space. Copium Coin will also be launched around the same time, debuting its exchange listing with Uniswap. The first 2000 people to pre-register via the pre-mint link published on the Copium Protocol website are eligible for the discount. You can stake your Copium Coins and Investor Pass in the Copium Staking Platform, which is expected to go live after the launch of the Investor Pass NFT collection and Copium Coins.

According to the coin network,  the funds raised from the sale of Investor Passes will be used to modernize the Copium Mining Facility’s infrastructure and machinery. Copium Coins will be purchased on the open market and transferred directly to a burn address using the facility’s daily mining earnings. Furthermore, the platform offers an Income Booster feature that auto-invests all mining revenue and allows users to earn up to 180% a year. The Investor Pass NFTs are expected to be sold through a Dutch Auction on the project’s website. The NFTs will begin at a starting price of 3.5 ETH, but the first 2000 people that register their interest early will receive a guaranteed mint spot at a lower, fixed cost of 3 ETH.

The project is centered around Copium Mining, a crypto mining company registered in New Zealand. While most cloud mining platforms succeeded in lowering the initial investment barrier to crypto mining, the technical barrier remained too high for everyday investors to break in. It promised to decentralize crypto mining, empowering anyone to remotely join crypto mining pools for a basic cost with little to no technical knowledge.

Copium Mining, a mining operation headquartered in Otago, New Zealand, serves as the protocol’s focal point. Copium mining has the advantage of being powered by a surplus of renewable energy generated in New Zealand’s Southern Alps foothills. The earn crypto rewards Investor Pass, a group of 10,000 NFTs that could be created on the Ethereum network in early to mid-October, will serve as the project’s official preface. If you exit a time-locked staking contract early, you will have to forfeit all the interest accrued by your staked assets. The protocol buys back Copium Coins from the open market using the revenue generated by the Copium Mining facility.

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