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. Our mission is to provide reliable investment opportunities in the cryptocurrency industry for the average investor regardless of knowledge or previous investment experience. Pre-sale ICO of Copium Coin will run for a period of 60 days before the public launch of the coin, or until the predetermined ICO hard cap is met.

• 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.
• The project was founded in 2016 by a team of experts in blockchain programming and engineering.
• In short, the ecosystem is designed to use cryptocurrency mining revenue to provide a sustained demand for the project ecosystem.
• Once a contract has been executed, users can track the progress of their mining endeavor through the Genesis Mining dashboard.

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. 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. However, you can get them early by participating in the presale that is scheduled to run for 60 days before the public launch. The presale price is $0.10 per Copium Coin, offering the cheapest way into the project.

Guide to cloud mining and Top 3 new cloud mining projects in 2022

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 great thing about the Investor Pass NFT sale is that all the funds raised through selling the NFTs are entirely invested back into the Copium Protocol ecosystem.

The first 2000 people to pre-register via the pre-mint link published on the Copium Protocol website are eligible for the discount. Since Copium Coin is an ERC-20 token, you can store it in any wallet that supports Ethereum. The corporation expects the coin to be highly deflationary if it buys and burns it regularly. Our approach is simple – we provide expert, local advice that is designed and tailored specifically for your needs. We offer entry level opportunities that often wouldn’t be available to first time, individual investors.

As you can see, there is a wide range of cloud mining projects that you can use to mine cryptocurrency in 2022. However, each of these projects has unique characteristics that set them apart from one another. Therefore, you might have to try a couple of these options to find a platform that suits your needs. The great thing about LetMeCloud is that it provides official documents at the end of mining contracts to prepare a tax return statement. Users can pay for their mining contracts in cryptocurrency or through credit cards. Genesis Mining is highly popular, so securing a mining contract becomes difficult if you aren’t quick enough to snap them up when they are released.

The project is centered around Copium Mining, a crypto mining company registered in New Zealand. At the heart of Copium Mining, is a team of experienced cryptocurrency and blockchain professionals, who together offer a wealth of wide-ranging industry knowledge. We offer a full range of services to individuals and small-to medium sized businesses. If you’ve ever been interested in earning a passive income through cryptocurrency mining, then Copium Protocol is certainly a project for you to take a deep dive into. In addition, the daily demand for Copium Coin will remain stable through the purchases made from the daily mining revenue at Copium Mining. Both of these factors are set to ensure that Copium Coin should continue to rise in price over the long term.

Overall, BeMine provides an interesting angle on cloud mining, removing cloud contracts from their service and allowing users to invest in the hardware directly. Any Copium Coin bought through mining revenue is directly sent to a burn address, removing it from the supply and making Copium Coin a deflationary asset. A passive investment opportunity in our New Zealand based https://www.xcritical.in/ hydro-powered mining facility. 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.

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). Therefore, it is essential to own an Investor Pass to maximize your ROI when staking. Copium Coin is the ERC-20 token that powers the ecosystem and will be simultaneously released to the public with the Investor Pass. However, Copium https://www.xcritical.in/blog/best-way-to-earn-crypto-rewards/ Coin will also host a presale for the coin that will run for 60 days before the launch to generate initial liquidity for the token. 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.

Copium Staking Platform

Copium Mining has a successful long-term track record of operation in the mining industry and has a respected reputation in the New Zealand cryptocurrency mining circuit. The 10,000 NFTs will be sold through a Dutch Auction via the project’s website, and the auction will start at a price of 3.5 ETH. However, as previously mentioned, the first 2000 people that register their interest through the website portal will receive a guaranteed mint spot at a lower, fixed price of 3 ETH. As a result, the self-sustaining ecosystem provides daily demand for the Copium Coin and also turns it into a deflationary asset.

It serves a wide range of utilities in the ecosystem, which will be unveiled as the platform grows and evolves. The key role of Copium Coin will be facilitating the staking reward system that is central to the ecosystem. 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 mining platforms failed to live up to expectations. 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. He has a largely sales-based background, with a focus in B2B sales and analytics for big brand corporate names, such as Fox Racing.

TOP CRYPTO EXCHANGES

Copium Coin holders will be able to stake their holdings for a variety of high-yield interest rates and time periods. In addition, investors will be able to receive a certain number of Copium Coins and contribute to the advancement of the mining facility only by purchasing the NFT. There is also a one-time-only initial staking rate of 38% exclusive to Investor Pass holders who decide to lock their stake for 36 months.

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. Therefore, BeMine allows users to either purchase an entire ASIC or choose to invest in a fractional share of an ASIC. IQ mining also offers a complete forex and cryptocurrency trading platform alongside its cloud mining service. The platform allows traders to trade crypto, forex CFDs, and options using a highly advanced trading interface. Copy trading is one of its best features, allowing users to copy professional traders and profit from their expertise. Copium Mining is the centerpiece of the Copium Protocol, as all the daily revenue generated from mining cryptocurrency is used to buy Copium Coin from the open market.

You can stake your Copium Coin holdings for locked and unlocked periods in exchange for attractive yields. The rate of interest will vary depending on the locked period of the selected staking contract. It’s also worth noting that the Copium Coin will become a deflationary asset due to the mining facility’s profits. As an early adopter and advocate for Blockchain technologies, Carl has been involved in the cryptocurrency industry since 2013.