Plainly crypto mining profitability has decreased with the value of Bitcoin tanking in 2022. Consequently, many mining firms have briefly closed their mining operations till the endeavor turns into worthwhile for them once more.
Combining the falling Bitcoin worth with the Ethereum community improve to Proof-of-Stake (PoS) implies that cryptocurrency mining profitability is taking a double hit.
Sometimes, miners both mine a blockchain immediately with their very own mining gear or will pool their assets collectively in a mining pool to seek out blocks and safe the community. Sadly, the profitability of each methods has suffered dramatically as the value of Bitcoin falls.
Nonetheless, moreover mining immediately and in a pool, there’s one other methodology to generate profits with mining in 2022.
This new methodology doesn’t require miners to put money into costly mining gear, nor does it require miners to teach themselves on the technical jargon wanted to hitch mining swimming pools.
As an alternative, this new mining methodology entails investing in an NFT or a coin that makes use of mining revenues to generate worth. The pioneer on this house is about to launch its NFT earlier than its protocol goes stay.
This text will introduce you to Copium Protocol and clarify the way it can assist you generate profits with mining in 2022.
What’s Copium Protocol
Copium Protocol is a cryptocurrency mining funding ecosystem that gives a easy answer to take part in passive cryptocurrency mining. The complete concept behind the mission is to revolutionize cryptocurrency mining by eradicating all of the technical jargon related to it and presenting a chance to take part with out investing in costly mining gear.
The Copium Protocol is a multi-pronged Blockchain mining funding mission. The complete ecosystem is made up of the next classes;
- Copium Mining
- The Investor Go
- Copium Coin
- Copium Staking
The complete concept of the ecosystem is to make use of the each day cryptocurrency mining income generated from the Copium Mining facility to buy Copium Coin from the open market and burn it – successfully lowering the provision, making it extra scarce and priceless.
Allow us to describe every a part of this ecosystem and clarify the way it suits collectively.
The Copium Mining Facility
The complete Copium Protocol relies round Copium Mining, a longtime cryptocurrency mining firm. The corporate owns a number of mining amenities worldwide. Nonetheless, their largest facility is located in Otago, New Zealand.
The mining facility is temperature-controlled and is exclusive as a result of a surplus provide of 100% clear, inexperienced, renewable power powers it.
Cryptocurrency mining usually receives dangerous press because of the sheer quantity of power required to energy blockchain expertise. Consequently, most mining operations are likely to gravitate towards cheaper charges of electrical energy, which frequently come from fossil fuels that pollute the atmosphere.
Thankfully, Copium Protocol received’t be receiving any damaging press as their mining facility is completely powered by Hydroelectricity generated within the foothills of New Zealand’s Southern Alps. Hydroelectricity permits Copium Mining to function a really environment friendly, worthwhile, low-cost enterprise mannequin.
The Investor Go
The preliminary launch part of the Copium Protocol will start by releasing the Copium Protocol Investor Go. This can be a assortment of 10,000 NFTs set to mint on the Ethereum community in early-mid October.
Holders of the Copium Protocol Investor Go will obtain the next advantages;
- An unique airdrop of Copium Coin –
This native ERC-20 token powers the ecosystem. In whole, each Investor Go is entitled to a ten,000 Copium Coin airdrop.
- The power to stake the go on the platform in trade for a each day allocation of Copium Cash –
Each Investor Go staked on the platform will obtain a each day allocation of 10 Copium Cash.
- The power to stake Copium Coin holdings at a lot greater ROI than public staking charges –
The very best potential public staking price is about at 11% for a 24-month lockup interval. As compared, the bottom Investor Go holder staking price is 12% for a 30-day lockup interval.
- Computerized entry to month-to-month Copium Protocol giveaways –
Copium Protocol hosts common month-to-month giveaways, and all Investor Go NFT holders are mechanically entered.
Along with all of those advantages, each Copium Protocol Investor Go holder will go right into a draw to win one of many two Bitcoin giveaways.
The Investor Go NFTs are scheduled to be offered by Dutch Public sale through copiumprotocol.io. The beginning worth for the NFTs can be 3.5 ETH. Nonetheless, the primary 2000 those who register via the project’s website will obtain a assured mint spot at a decrease, fastened worth of three ETH.
The Copium Coin
The Copium Coin is the native ERC-20 token that powers the Copium Protocol. The coin can be launched to the general public concurrently with the Investor Go. Nonetheless, the presale for the Copium Coin will run for 60 days earlier than launch to generate the primary batch of preliminary liquidity. The presale will price $0.10 per coin.
In whole, there can be a 1 billion Copium Coin provide, cut up into the next classes:
- 10% can be used within the preliminary airdrop for Investor Go NFT holders.
- 10% can be used within the improvement fund.
- 3% is used for the rewards pool to offer rewards for staked Investor Passes.
- 10% can be given to the founders of the mission.
- 3% can be used within the liquidity pool.
- 7% is given to the mission’s crew.
- 5% (smooth cap) to five% (onerous cap) is used within the presale.
- The remaining 46% is used within the whole allocation.
The Staking Platform
The Copium Protocol crew will implement the Copium Staking Platform following the profitable launch of the Copium Protocol Investor Go.
The Copium Staking Platform can be a vital pillar of the general ecosystem, permitting Copium Coin holders to stake their tokens for a spread of locked and unlocked intervals. In return, stakers will generate a excessive APY share return on their funding. As well as, the longer the lockup interval, the upper rates of interest stakers will obtain on the platform.
The Staking platform is non-custodial, which means that stakers will all the time retain possession rights to their property. Their wallets can be credited with the curiosity accrued after the staking contract has expired. If a consumer needs to cancel a locked staking contract earlier than the expiry date, they may forfeit any accrued curiosity for your complete length of the staking contract.
The Staking Platform has a spread of interactive options, permitting customers to:
- Customise private stake settings.
- Forecast future returns.
- View present Copium Coin holdings.
- View present contract expiry dates.
Investor Go NFT holders will obtain unique charges on the Copium Staking Platform. The minimal Investor Go holder price continues to be greater than the utmost achievable public staking price. For instance this, check out the next desk;
As you possibly can see, the Investor Go Holder charges present a a lot greater APY return than public staking charges. Subsequently, in the event you want to maximize your return in your staking funding, possession of the Investor Go is crucial to safe this intention.
Moreover, Investor Go holders are additionally provided a one-time preliminary staking price of 38% in the event that they lock their stake for 36 months. To safe this excessive APY, Investor Go holders should stake a minimal quantity of 10,000 Copium Cash.
How Does The Ecosystem Match Collectively?
The next movement chart illustrates how the ecosystem capabilities;
It’s time to elucidate how all of those separate elements of the ecosystem match collectively.
The complete ecosystem depends on the Copium Mining Facility, which mines cryptocurrency each day. The income generated from the gross sales of the Copium Protocol Investor Go NFTs can be used to improve the gear and infrastructure on the Copium Mining facility.
Copium Mining has a profitable long-term monitor file in cryptocurrency mining and is extremely revered within the New Zealand Cryptocurrency trade. The power has already established some sturdy enterprise connections, permitting them to make use of the funds from the Investor Go sale to buy bulk portions of the most recent era of cryptocurrency miners.
As soon as the mining facility has been upgraded, the each day cryptocurrency mining income generated from the power can be used to buy Copium Cash from the open market. This gives Copium Coin with sustained demand and fixed liquidity.
The bought Copium Cash will then be despatched to a burn tackle to be faraway from the provision. Consequently, Copium Coin can be a deflationary token that turns into extra scarce as time passes.
General, Copium Protocol presents an ideal answer to generate profits with mining in 2022 with out requiring customers to offer hefty down funds for costly mining gear.
Merely shopping for one of many Investor Passes for the Copium Protocol will provide help to get began to generate profits out of this mission. The Investor Go will give you a Copium Coin airdrop of 10,000 tokens and a each day allocation of 10 Copium Cash. You’ll be able to then stake Copium Coin on the Staking Platform to generate additional returns.