New Partnership With The Mining Token
Strategic Partnership with The Mining Token.
What is this project about?
TMT is The first DeFi project with profits in ETH 100% backed with Proof of Work. Developed on the Binance Smart Chain
They have a fixed supply designed for aggressive price appreciation and high sustainable yields.
Introduction of The Mining Token.
They are an Ethereum mining company located in Tierra del Fuego, Argentina, with more than $7 Million USD in infrastructure and machinery from private investors 100% destined for cryptocurrency mining.
They’ve noted that when looking for private investors, the Proof of Work (POW) mining process is no longer decentralized as private investors become very involved, and they lose the anonymity they so desire. That is they want to take the POW one notch higher, taking full advantage of the blockchain power and building from POW something 100% decentralized from start to end.
This way, The Mining Token ($ TMT) was born, so as to transform the entire Proof of Work mining into a 100% decentralized process from the investment to the obtaining of the profits and thus break down the barriers imposed by Proof of Work mining
Why Binance Smart Chain (BEP-20) and not ETH (ERC -20) Network? At TMT they seek to minimize the greatest amount of costs to deliver the highest possible profitability to the investor. Each of the transactions made in the BSC has fewer commissions than the Ethereum network, that is why their token is made on this network. If we think about it, the processing power of our miner does not depend on the network that we use to deliver the tokens since this is only a means for us to obtain our Ethereums at the end of the day.
Is TMT a utility token? Yes, $TMT is a utility token. A utility token is a digital cryptocurrency token that is issued in order to fund development and that can be later used to purchase a good or service offered by the issuer of the cryptocurrency. TMT is also mining-backed, so profitability and rewards are provided through mining.
They are taking the DeFi ecosystem to another dimension.
Gathering investment through a utility token and putting that investment to work in ETH mining will guarantee the highest APRs in the ecosystem.
It seemed to us a totally groundbreaking idea.
We are going to carry out an AMA with them so that they can learn more about their developments.
We also leave their DOCS for each one to study their proposal.
They will work with the Barbecue team on joint developments. We are very happy. There are going to be many surprises…
Community Links of The Mining Token. Stay tuned…
