Read more about ICO MIB: review, rating, road map, overview
Returns since ICO
2018-03-19 - 2018-03-25
2018-03-20 - 2018-08-10
ICO Token Price
1 MIB = 0.5 USD
Sold on pre-sale
Available for Token Sale
2018-03-17 - N/A
2018-03-17 - N/A
Min/Max Personal Cap
Incorporated company's country
MIB coin is a Mobile Mining based Blockchain that has constructed an ecosystem that minimizes the maintenance of Blockchain Network. At this juncture, we would like to present MIB Coin, which will provide opportunities to participate in mining and to connect with more businesses as 'whoever, wherever and whenever' using mobile device via an innovative SmartX blockchain platform. MIB Coin's blockchain network is maintained by a smartphone hash. Assuming a smartphone is working 24 hours a day for a year, it will use approximately $10 worth of electricity. Compared to the power consumption of the existing blockchain miners, this is a 99.24% improvement, offering greater eco-friendliness, lower cost and higher accessibility. This solution will improve mining participation in areas with unstable power production, such as Central Asia, Africa, South America, and South East Asia.
As the success and growth of blockchain-based cryptocurrency have proven, the future will witness a decentralized, efficient, and comprehensive global ecosystem.
At this juncture, we would like to present MIB Coin, which will provide opportunities to participate in mining and to connect with more businesses as 'whoever, wherever and whenever' using mobile device via an innovative SmartX blockchain platform.
MIB Coin's blockchain network is maintained by a smartphone hash.
Assuming a smartphone is working 24 hours a day for a year, it will use approximately $10 worth of electricity. Compared to the power consumption of the existing blockchain miners, this is a 99.24% improvement, offering greater eco-friendliness, lower cost and higher accessibility.
This solution will improve mining participation in areas with unstable power production, such as Central Asia, Africa, South America, and South East Asia. Even in countries where extensive mining is taking place, the SmartX blockchain network can bring a significant reduction in the extremely high power consumption rate that often causes social problems, resulting in social cost savings needed to maintain the blockchain.
The characteristics of the MIB Coin ecosystem are as follows.
First, mining no longer requires expensive hardware, CPU, a graphics card, or dedicated machines (ASIC or GPU).
More significant opportunities to participate in mining are given to more countries and people by using smartphones which are already available all over the world in billions.
This means overcoming the technical limitations of moving towards universal ownership and it is the starting point as well as a necessary and sufficient condition for cryptocurrency to indeed function as a currency.
Through the substitution of the coin market preoccupied with certain countries with a smart and generalized mobile environment, the general population distributed in over 100 nations can now become miners and users. This will create a blockchain that matches its original aim as a distributed ledger and hence, its value shall be recognized.
Second, the problem of polarization characterized by the concentration on specialized mining firms or specific nations can be resolved by distributed mining.
Currently, mining activities are heavily skewed towards specific countries only, and such polarization reduces the functionality of blockchain as well as its value as a currency.
If the mining cost increases and the payback period of investments is further extended, this means that the maintenance cost of blockchain is on the rise and may result in its collapse in the long term. Therefore, a better technological solution needs to be provided to maintain a sustainable network.
Third, mining trend changes are focused on eco-friendly, low-energy based methods with plans for social contribution.
Here is a simple comparison of the power consumption required for mining.
S9, a miner by Bitmain requires 1,350–1,500 W, and 8-Way GPU by Supermicro requires 800–1,300 W. Conversely, a smartphone requires only 7–10 W resulting in a 99.24% savings, approximately.
It is no exaggeration to say that a mobile environment would offer the lowest power consumption among all existing coin mining environments.
Fourth, the SmartX Blockchain Network (SBN) can maintain the network with a low cost.
Some of the features possible with SBN are: issuing a functional token through our platform, a smart contract that signs contracts between two or more parties and performs a verification, a mobile money transfer that can withdraw cash from an ATM and transfer money via smartphones, access to digital content like games, music and movies, and booking tickets at over 200 branches.
SBN's opportunities and future value are a result of the following features: it is equipped with functionality both as a blockchain platform and a subsidiary currency, can create and expand an ecosystem, share its system and offer a low-cost, highly efficient network. This is MIB Coin's vision.
Developing a cryptocurrency trading engine and a miner only sales menu. Designing the initial concept of SmartX blockchain platform (SBP). Planning SBP project and researching on technical aspects.
Building a team for MIB Coin project (based on SBP) and completing the concept. Publishing a white paper.
Reinforcing the manpower of the team. Performing pre-sales. Advancing the development of SBP. MIB Coin ICO.
Advancing the development of SBP. Smart Mining Android & iOS Beta Test. MIB Blockchain API Center Open.
Releasing the main network. Announcing a mining-pool client. Announcing a smart mining application. Listing the company in major cryptocurrency exchanges. Starting MIB Coin mining. Supporting a master node community. Adding a CtoC trading service. Adding coin send & money transfer.
Setting up and advancing the SBP R&D center. Opening a platform development center for expanding the cryptocurrency ecosystem. Supporting the issuance of a functional token and investing in technology. Adding a PayGate service.
Increasing availability through the MIB Coin partnership expansion.
Yung Joo Han
In Beom Na
Certified Public Accountant, Advisor
Will there be a Pre-Sale?
Do I need to go through the Whitelist process? How do I join?
Do I need to go through the Know Your Customer (KYC) process? When?
What bonus did Pre-sale participants receive? Is this bonus locked?
Which countries are restricted from investing?
Minors are not allowed. In addition, those who want to participate must ensure that they are eligible in their legal jurisdiction of residency. (Regulating residents of the United States and China can be excluded in advance since they cannot participate. Although you are not a resident of these two countries, you must ensure whether there are restrictions in your country or state where you reside.)
Do you have an Minimum Viable Product (MVP)? May I see it?