08 Sep 2022 · 3 min read

Copium Mining Presale is to Invest More in Mining, Buy Back and Burn Coins

The Copium Protocol, which focuses on laying the groundwork for decentralized mining investments, will soon release an NFT collection to gather funds for business expansion. Copium Protocol has been one of the most intriguing projects to emerge. It stands out because it enables consumers to invest passively in crypto mining. 

Copium Mining - What It Offers?

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. 

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.

For those interested, the project is making a presale Initial Coin Offering (ICO) for the Copium Protocol cryptocurrency to speed up its operations and increase the value of the Copium Coin. So let's learn what it's like to mine for Copium and how the process works.

Copium Tokenomics 

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 majority of tokens, 54%, have not yet been distributed. The corporation expects the coin to be highly deflationary if it buys and burns it regularly.

Copium 10,000 NFT 

The Copium Investor Pass, a collection of 10,000 NFTs minted on the Ethereum blockchain in the coming month, will be sold as the project's initial offering. As a result, if investors want to use the Copium Protocol and reap all of its benefits, they should purchase a pass. 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.

According to the coin network,  the funds raised from the sale of Investor Passes will be used to modernize the Copium Mining Facility's infrastructure and machinery. Copium Coins will be purchased on the open market and transferred directly to a burn address using the facility's daily mining earnings.

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 network is rapidly growing in popularity, with nearly 15,000 followers on Twitter.

NFT Staking

Investors can also stake the NFT on the platform in exchange for daily distribution of 10 Copium Coins per NFT, and they will be entered into monthly Copium prizes automatically. In addition, the Copium Staking Protocol will be installed after the Investor Pass is introduced.

Copium Coin holders will be able to stake their holdings for a variety of high-yield interest rates and time periods. Therefore, the Copium Protocol offers a great chance to profit from NFTs in 2022. 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.

It's also worth noting that the Copium Coin will become a deflationary asset due to the mining facility's profits. This will also help to increase the coin's long-term demand.