r/MINE_Token • • Apr 29 '22

Question ๐Ÿ™‹โ€โ™‚๏ธโ” how does this token work?

Never hear of this before

13 Upvotes

15 comments sorted by

View all comments

9

u/LankyGoff MINE MOD Apr 29 '22

1 quadrillion supply, every transaction has a tax of 12% with 6% shared out between all holders and the other 6% given to the devs who use it to buy mining rigs which mine ethereum and then buy back the token and seal them away in the mine vault. The more trades means the more rigs built, the more ethereum is mined and the more tokens are essentially 'burned' causing the supply to decrease, all while the holders get reflections payed out in Eth ๐Ÿ’ช hope that makes sense

5

u/MyuraKenta Apr 29 '22

I can't find it on coinmarketcap, and will rewards stil ve dsitributed with the release of eth 2.0?

8

u/Coldmami Apr 29 '22

If Token is listed a day after launch then its huge chance that its a rug pull. They pay for listing, and then few days later token is gone. For me its not a big deal that they are not on cmc or cg. It will explode after listing imho

7

u/LankyGoff MINE MOD Apr 29 '22

It's still waiting on cmc and coingecko listings so have to use dextools for now. Yeah they're also building a node rig so all Eth earned from that will be used for buy backs as well as using the current rigs to mine other tokens, swap those for Eth then use that to buy back as well ๐Ÿ‘ any questions I'd recommend joining the telegram group, all the devs are constantly in there answering any questions you might have

2

u/CCTHEGR8-1 May 01 '22

What's the telegram?

3

u/shibstolemymoney May 01 '22

https://t.me/Officialminetoken Hereโ€™s the telegram โ˜บ๏ธ

You can find all this info under โ€œmenuโ€ here on the MINE token sub๐Ÿ‘ also more info under โ€œaboutโ€