Copium Protocol NFT Pre Mint Goes Live

The protocol’s tokenomics stipulate that, of a total supply of 1 billion tokens, 10% will go to purchasers of investor passes. Whereas 7.3% will be used to reward those who have already purchased investor passes through staking, 10% will go to the protocol’s creators and development fund. In addition, 5% will be sold during the presale, 3% will be added to liquidity, and 0.7% will be distributed to the project team. The protocol’s tokenomics stipulate that, of a total supply of 1 billion tokens, 10% will go to purchasers of investor passes.

The longer you keep your Copium Coins in the staking contract, the higher the rate of interest. Copium Protocol is a multi-pronged mining investment project based on the Ethereum blockchain. The project is centered around Copium Mining, a crypto mining company registered in New Zealand. If you want to gain the most out of this incredible cryptocurrency mining operation, invest in Copium Protocol Investor Pass NFT via the official website copiumprotocol.io. During a 30-day lockout, the APY for general staking is 4.5%, while the APY for the one-of-a-kind Investor Pass holder is 12%.

Copium Coin (ERC-20 token)

Notably, the first 2000 users to sign up on the project website will receive a guaranteed mint spot for a lower, fixed price of just 3 ETH. As you can see, Copium Protocol takes an innovative approach to bringing crypto mining to the masses. Rather than renting hardware or hash power, the project upgrades its mining infrastructure and shares its benefits with users through an advanced investment ecosystem. 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. NFT holders must have staked a total of at least 10,000 Copium Coins or more in order to be eligible for the offer.

• The presale price is $0.10 per Copium Coin, offering the cheapest way into the project.
• 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 energy used is hydroelectricity, generated in the Southern Alps’ foothills in New Zealand.
• Rather than renting hardware or hash power, the project upgrades its mining infrastructure and shares its benefits with users through an advanced investment ecosystem.
• As a result, if investors want to use the Copium Protocol and reap all of its benefits, they should purchase a pass.
• The investment will improve the daily output of cryptocurrency mining at the facility, leading to a higher sustained demand for Copium Coins bought from the daily mining revenue.

Owners of the Investor Pass NFT will also be eligible for a special airdrop of 10,000 Copium Coins, the native ERC-20 token that powers the ecosystem. The ideal location of the mining facility allows Copium Mining to run an efficient, profitable business model. Additionally, you can stake your Copium Investor Pass in exchange for attractive yields. The platform distributes ten Copium Coins per staked Investor Pass for a guaranteed period of 24 months.

Furthermore, the fact that the Copium Mining facility uses 100% clean, green, renewable energy cannot be understated. The cryptocurrency mining industry has been plagued with criticism for being unfriendly to the environment by using non-renewable energy sources. On the other hand, Copium Protocol is a long-term passive cryptocurrency mining ecosystem. Users simply need to purchase an Investor Pass NFT to get started, and they will receive an exclusive airdrop of 10,000 Copium Coins to hold onto.

The existing relationships with leading suppliers help it procure wholesale quantities of the latest and most power-efficient generation of miners at lower prices. Another key asset on Copium Protocol is Copium Investor Pass, an Ethereum-based NFT collection. As a holder of Copium Investor Pass, you become eligible for a wide range of perks and privileges in the Copium Protocol ecosystem.

Copium Staking Platform

Holders of NFT tokens will also be eligible to get Pass mint, which will enable participation in the staking mechanism for Copium Coin. If you retain your Copium Coins in the staking contract for a longer period of time, you will earn a larger interest rate. When the contract comes to an end, you will be able to un-stake the tokens in addition to the payouts. The Platform provides users with a selection of different staking rates from which to choose, with longer lockup periods resulting in higher interest rates. There are additional tariffs that are restricted to Investor Pass holders that are far higher than the rates available 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. 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. Over time, as the ecosystem matures, the supply of Copium Coin will only ever decrease, making it much more scarce.

Any Copium Coin bought through crypto mining revenue at Copium Mining will be sent directly to a burn address, making Copium Coin a deflationary asset. 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. In short, the ecosystem is designed to use cryptocurrency mining revenue to provide a sustained demand for the project ecosystem. Copium Protocol is a multi-pronged cryptocurrency mining investment ecosystem that provides a simple solution to participate in passive cryptocurrency mining.

What Happens to the Funds generated in the NFT sale?

As Copium Mining expands its infrastructure, it brings some attractive investment opportunities to the public, leveraging cryptocurrencies and NFTs. Due to the lack of usability and negligible returns, cloud https://www.xcritical.in/ mining platforms failed to live up to expectations. Beginning midway through the month of October will see a Dutch auction introducing the Copium Investor Pass NFT collection to the general public.

Let’s understand how they contribute to the platform’s goal to decentralize crypto mining. The discount will be available to the first two thousand persons who pre-register using the link labeled “pre-mint”, which is located on the Copium Protocol website. Additionally, at around the same time, Copium Coin will be released, and it will make its exchange listing debut on Uniswap. The most significant mining operation owned by the corporation may be found in a town in New Zealand. It gets all of its power from a surplus of hydroelectricity that is fully green and comes from renewable sources in the area – ensuring the environmental impact of NFTs is at a minimum.

Copium 10,000 NFT

After the Investor Pass has been successfully launched, the Staking Platform will be made available to the public. This platform will be a non-custodial one, which means that users will keep full ownership rights to the assets they stake. If you’ve ever been interested in earning a passive income through cryptocurrency mining, then earn crypto rewards is certainly a project for you to take a deep dive into. Therefore, they can leverage their existing relationship in the industry to purchase the mining equipment at wholesale prices.

Since Copium Coin is an ERC-20 token, you can store it in any wallet that supports Ethereum. Coin Daily News covers fintech, blockchain and Bitcoin bringing you the latest news and chart analytic on the future of money. In addition to this, the revenues will be utilized to modernize the infrastructure and increase the capacity of the current Copium Mining operation. Therefore, it is essential to own one of the Investor Pass NFTs if you wish to maximize the return on your investment while staking. In addition, all Investor Pass NFT holders will automatically be entered into a giveaway to win one of the two Bitcoin prizes on offer.

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. 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.

The protocol utilizes the profits made by the Copium Mining facility to make purchases on the open market in order to repurchase Copium Coins. After that, the tokens are sent to an address designated for burning in order to reduce the total number of tokens in circulation. Two prime instances of such indirect investments in the Copium Mining firm are the Copium Coins and the Copium Investor Pass NFTs. The mining facility at Copium Mining is situated in an ideal position, which enables the company to maintain a business model that is both efficient and lucrative. Aside from it, the corporation operates a number of mines in different locations throughout the world. Furthermore, Investor Pass users who choose to lock their position for 36 months are eligible for a special initial staking rate of 38%.

Users will be able to modify the parameters of their stakes, check the dates on which their current contracts are slated to expire, and view anticipated future returns. The investment will improve the daily output of cryptocurrency mining at the facility, leading to a higher sustained demand for Copium Coins bought from the daily mining revenue. What makes crypto mining even more democratic is that people don’t need to learn how to mine cryptocurrencies to participate in crypto mining. Copium Protocol hopes to capitalize on the growing interest in cryptocurrency mining as a business opportunity. Customers can passively participate in the mining process through Copium’s tools and infrastructure without investing in or managing any mining hardware or software.