Copium protocol review: Copium protocol is an innovative multi- pronged

Registering for a earn crypto rewards Investor Pass NFT today will ensure you get the best out of this amazing crypto mining project. Each holder of the Copium Protocol Investor Pass receives an airdrop of 10,000 Copium Coins. Once these coins are in your wallet you can choose to stake them on the platform to receive 10 new Copium Coins every day. These daily earnings are guaranteed for two years regardless of the price of Copium Coin until you decide to claim the earned coins.

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. Due to the lack of usability and negligible returns, cloud mining platforms failed to live up to expectations.

What role does Copium Mining play when you look at the bigger picture of the Copium Protocol ecosystem? The amount received from the presale of the Copium Protocol Investor Pass collection is being used to improve the mining capabilities of the company by beefing up the infrastructure. As a result of its existing relationships with major manufacturers, it can purchase large numbers of the most recent, energy-efficient miners at wholesale prices.

The team will implement the Copium Staking Platform following the successful release of the Investor Pass NFT sale. The Staking Platform will allow Copium Coin holders to stake their assets in exchange for a varying, high-yield interest rate. 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.

Therefore, it is essential to own an Investor Pass to maximize your ROI when 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. This mining facility is unique as it is entirely powered by a surplus supply of 100% clean, green, renewable energy.

However, there is some doubt whether it actually carries the meaning of the Copium word that we know now. LetMeCloud provides its cloud mining services to over 25,000 customers in over 70 countries. Once a contract has been executed, users can track the progress of their mining endeavor through the Genesis Mining dashboard. Additionally, users are able to easily split their rented hash power between different coins, allowing them to diversify their mining portfolio and hedge their risk.

copium protocol

What sets this mining facility apart from others is that it is entirely powered by 100% clean, green, renewable energy. The energy comes from Hydroelectricity that is generated in the foothills of New Zealand’s Southern Alps. Cloud mining is a process in which users buy contracts from a mining facility to conduct cryptocurrency mining. It allows users to participate in mining without purchasing expensive mining equipment or understanding the technical knowledge to maintain the hardware.

  • The initial launch phase of Copium Protocol will see the release of the Investor Pass – a collection of 10,000 NFTs set to be minted early-mid October on the Ethereum Network.
  • These daily earnings are guaranteed for two years regardless of the price of Copium Coin until you decide to claim the earned coins.
  • The protocol’s tokenomics stipulate that, of a total supply of 1 billion tokens, 10% will go to purchasers of investor passes.
  • The locked time of the chosen staking contract will determine the range of possible interest rates that can be applied.

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. IQ mining is a platform that combines cloud mining with Forex margin trading to provide a complete platform for a wide range of users. When searching for a cloud mining project, it is essential to do your research to ensure that the project is not a scam. Many cloud mining services have ended up running away with customers’ funds, so choosing a service with a track record is crucial. 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.

copium protocol

The energy used is hydroelectricity, generated in the Southern Alps’ foothills in New Zealand. Copium Protocol is a multi-pronged cryptocurrency mining investment ecosystem that provides a simple solution to participate in passive cryptocurrency mining. In exchange for potentially lucrative returns, you have the option to stake the Copium Coin holdings you own throughout both locked and unlocked time periods. The locked time of the chosen staking contract will determine the range of possible interest rates that can be applied.

copium protocol

The longer you keep your Copium Coins in the staking contract, the higher the rate of interest. 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.

Overall, IQ Mining has provided a perfect balance between cloud mining and professional trading. Therefore, they can leverage their existing relationship in the industry to purchase the mining equipment at wholesale prices. The project will begin its protocol launch phase by releasing the Copium Protocol Investor Pass NFTs.

It serves a broad variety of utilities in the ecosystem, which will be revealed as the platform develops and improves over time. Facilitating the staking reward structure that is essential to the ecosystem will be the primary responsibility of the Copium Coin once it is released. Furthermore, Investor Pass users who choose to lock their position for 36 months are eligible for a special initial staking rate of 38%. The firm Copium Mining, which is based in New Zealand and mines cryptocurrencies, serves as the primary focus of this initiative.

The pre-mint for the Copium Protocol Investor Pass NFTs has finally gone live on the project’s website. 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.