AMA Recap Crypto Library with The Mining Token (TMT)
On 6th October 2021, The Mining Token (TMT) conducted an
AMA in the Crypto Library Community. Our guest is Sneazy. Lots of
questions as usual from the Community about The Mining Token (TMT) progress. The The Mining Token (TMT) team
took part in a very interesting AMA session which included
introductions, questions from twitter, and a live AMA session with the
Crypto Library community. If you missed the AMA in person, read this
recap for a deeper insight into The Mining Token (TMT).
Let’s take a look at the most interesting points of our conversation.
INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?
Sneazy (The Mining Token) : Hi everyone! I'm Sneazy, one of the founders of The Mining Token. We are a team who dedicated themselves to crypto mining. We've been in the industry for some years now and only recently we decided to expand our horizons to the decentralized world of the blockchain. It only made sense for a crypto mining company to eventually get into crypto themselves haha!
FIRST SEGMENT (HOST)Crypto Library Team : What is The Mining Token (TMT) ? and how does it work?
Sneazy (The Mining Token) : TMT is the first token that delivers Ethereum rewards 100% backed from Mining. This means all our rewards come straight from a direct asset (miners) and allow us to distribute true value through out our holders. By holding $TMT people will be able to receive the highest ETH rewards in the whole market since it is based on real mining. This makes the Mining Token a real sustainable project with no need to mint infinite tokens as a rewards for a stake pool!
Crypto Library Team : What are the special features and advantages does The Token Mining want to offer?
Sneazy (The Mining Token) : We have a lot of advantages compared to other competitors. As i said, we are the first token that will be 100% fully backed from Ethereum Mining. In a few words, each TMT in our supply of tokens equates to a % of the mining power of our facility. And we are extremely meticulous on making sure that TMT correlates exactly to 1 Mega Hash of mining power, this is why we will be able to deliver always in a sustainable way very high Ethereum rewards for every $TMT you have!
Plus, as some members of our community stated, we are one of the (if not the only) projects that deliver the rewards directly in the mined asset (in this case ETH). Most other projects deliver their own native token. But we believe that in order to truly decentralize the mining business, miners should be receive the rewards straight from the source and then decide what to do with it.
Plus, as some members of our community stated, we are one of the (if not the only) projects that deliver the rewards directly in the mined asset (in this case ETH). Most other projects deliver their own native token. But we believe that in order to truly decentralize the mining business, miners should be receive the rewards straight from the source and then decide what to do with it.
Crypto Library Team : Please tell us about $TMT token! What are the token use-case, distribution, and also where we can buy it?
Sneazy (The Mining Token) : Yeah, sure. So $TMT is our Utility token. And this is pretty much how it works, by holding and staking $TMT in one of our 3 pools you are being part of our community and will be rewarded with the Ethereum earnings produced by the mining power of our rigs in our mining warehouse.
TMT does not have inflationary pools like other tokens, our pools only generate ETH directly from our mining rigs.
For distribution, $TMT is only ever minted at MTOs (Mining Token Offerings, sort of presales hosted in our site) where we accurately mint the exact amount of $TMT equivalent to the new amount of mining power (MHs) that can be purchased with the investment gathered in the MTO. Thus, not diluting the mining power a $TMT token holds, even after minting new tokens.
Given $TMT equates to a specific and constant amount of mining power (MHs - Mega Hashes), every $TMT token (in the same pool) will always reward the same amount of Ethereum. And as previously explained, this will not change even after multiple MTOs.
Lastly, one can always purchase $TMT at pancakeswap, though we highly encourage people to participate in MTOs where we are able to protect buyers from the typical price impact of buying against the liquidity in a swap such as pancake
TMT does not have inflationary pools like other tokens, our pools only generate ETH directly from our mining rigs.
For distribution, $TMT is only ever minted at MTOs (Mining Token Offerings, sort of presales hosted in our site) where we accurately mint the exact amount of $TMT equivalent to the new amount of mining power (MHs) that can be purchased with the investment gathered in the MTO. Thus, not diluting the mining power a $TMT token holds, even after minting new tokens.
Given $TMT equates to a specific and constant amount of mining power (MHs - Mega Hashes), every $TMT token (in the same pool) will always reward the same amount of Ethereum. And as previously explained, this will not change even after multiple MTOs.
Lastly, one can always purchase $TMT at pancakeswap, though we highly encourage people to participate in MTOs where we are able to protect buyers from the typical price impact of buying against the liquidity in a swap such as pancake
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?
Sneazy (The Mining Token) : Of course, the main plan behind The Mining Token is pretty simple. TMT was born, so as to transform the entire Proof of Work mining into a 100% decentralized process from the investment to the obtaining of the profits and thus break down the barriers imposed by Proof of Work mining. Our Audience is DeFi investors who want to invest in a sustainable investment with REAL things being done. The investors will profit from ETH mining and this is great news. We are aiming to decentralize the mining protocols. All these conditions make TMT able to provide very attractive returns for the investor.
Our next milestone is expanding into new mining alternatives such as BTC (a lot more news to come shortly regarding this, but we can’t disclose the totality of it yet.)
We are also looking into expanding to new warehouses along the world to account for different variables offered by different countries. Our eyes are set right now in Paraguay and solso Oklahoma, USA.
Our next milestone is expanding into new mining alternatives such as BTC (a lot more news to come shortly regarding this, but we can’t disclose the totality of it yet.)
We are also looking into expanding to new warehouses along the world to account for different variables offered by different countries. Our eyes are set right now in Paraguay and solso Oklahoma, USA.
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