ZMINEPrice

(ZMN)

ZMINE is a cryptocurrency mining project based in Thailand that utilizes a unique 'We Rent Your Graphic Card' (WRYGC) business model. Unlike traditional cloud mining, ZMINE allows users to technically own the physical hardware. The company manages these graphics cards in its professional facilities, handling maintenance and operations. Mining profits generated from the hardware, after deducting electricity costs, are split 50/50 between the company and the hardware owner. This model bridges the gap between individual hardware ownership and industrial-scale mining efficiency.

The primary differentiator is asset ownership. In standard cloud mining, users typically purchase 'hashing power' for a fixed duration without owning the underlying equipment. In contrast, ZMINE users own the actual physical graphics cards. This provides a clear exit strategy; if mining becomes less profitable or a user wishes to stop, they can sell their physical hardware through the project’s marketplace. This adds a layer of tangible value to the participation that is often missing in purely digital cloud mining contracts.

ZMINE employs a deflationary strategy called the Buyback and Burn mechanism. The project uses a portion of its mining profits to repurchase ZMN tokens from the open market. Once purchased, these tokens are 'burned' or permanently removed from the circulating supply. This process is documented transparently, with real-time statistics available to the community. By reducing the total supply over time, the mechanism is designed to create deflationary pressure, benefiting the ecosystem as mining operations continue to generate revenue.

ZMINE originally launched as an ERC-20 token on the Ethereum network but migrated to the BNB Smart Chain (BEP-20). This transition was primarily driven by the need to provide users with significantly lower transaction fees and faster processing speeds. The original Ethereum contract is now deprecated. Users interacting with the ecosystem must ensure they are using the correct BEP-20 contract address to manage their assets, participate in staking, or trade on platforms like LBank and other supported decentralized exchanges.

The ZMN token serves several critical functions. First, it is a governance token, allowing holders to vote on key project proposals, such as the management of token reserves. Second, it acts as the native currency for the ZMN Market, where users can buy or sell mining hardware. Third, ZMN is used for staking; by providing liquidity or staking tokens, participants can earn rewards in either ZMN or Bitcoin. This multi-faceted utility ensures that the token remains central to the project’s mining and marketplace activities.

ZMN can be traded on LBank and major decentralized exchanges on the BNB Smart Chain. For storage, users should utilize secure, self-custody wallets that support the BEP-20 standard. When setting up a wallet, users must manually add the ZMN contract address to view their balance correctly. As the project evolves with 'ZMINE 2.0' features, trading and staking remain accessible through LBank’s platform and integrated Web3 wallet solutions, providing a secure environment for managing mining-related assets.