The software guarantees that it will assist you in generating a profit from the network, even if you have no prior experience with digital currency or crypto mining. Investors get an uncomplicated solution that is simple to use because it removes the limits imposed by cloud mining. The firm Copium Mining, which is based in New Zealand and mines cryptocurrencies, serves as the primary focus of this initiative. 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. The Copium Protocol ecosystem has four pillars — Copium Coin, Copium Investor Pass, Copium Mining, and Copium Staking.
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, earn crypto rewards 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.
Copium Protocol Review: An Innovative Multi-Pronged Blockchain Investment Project
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.
Regardless of what the price of Copium Coin does at any given point, all investors will have the opportunity to keep their coins for a period of two years. On November 9, 2022, the NFT collection will go up for sale with a total of 10,000 tokens and will be available for purchase. NFT holders will have access to a wide variety of perks, including 10,000 Copium Coins per pass bearer.
What is Copium Protocol?
For the longest time, crypto mining was confined to the well-off who could afford the mammoth resources it demands. By combining cryptocurrencies and NFTs, Copium Mining is able to provide the general public with access to enticing investment options while building its own infrastructure. To get involved with the pre-mint, simply head over to the early registration page, listed at the top of the project’s website. These mining contracts tend to have expiration dates and are likely to underperform when the cryptocurrency industry is bearish, such as we are experiencing during Q3 2022. The project will begin its protocol launch phase by releasing the https://www.xcritical.in/ Investor Pass NFTs.
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.
- It serves a wide range of utilities in the ecosystem, which will be unveiled as the platform grows and evolves.
- In spite of the ups and downs that the market, it encourages investors to continue staking their Copium Coin holdings and Investor Pass NFTs.
- Both of these factors are designed to ensure that your investment will continue to grow over time.
- It encourages investors to stake their Copium Coin holdings and Investor Pass NFTs despite the ups and downs in the market.
- The first 2000 people to pre-register via the pre-mint link published on the Copium Protocol website are eligible for the discount.
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.
Cloud Mining
In addition, 3% will be added to the liquidity, 0.7% will be donated to the project team, and 5% will be sold during the presale. If the company continues to acquire the coin and then destroy it, they anticipate that it will have a significant deflationary effect. The deflationary mechanism aims at preserving the value of the token over the course of the market’s lifetime.
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. 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.
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 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%.
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 Copium Protocol 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.
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.
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.
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.