MIB

MIB

Created using Figma
Created using Figma
MIB As the success and growth of block chain based cryptographic infringement has been proved, the future witnesses a distributed, efficient and comprehensive global ecosystem. This solution will improve mining participation in areas with unstable electricity production, such as Central Asia, Africa, South America, Southeast Asia. Even in countries where large-scale mining is taking place, the SmartX block chain network can significantly reduce the very high power consumption rate causing social problems and reduce the social cost required to maintain the block chain It leads to.
Risk: Very High
ICO
Jul 20, 2018
Aug 10, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
MIB
Company Details
Registered Country
Singapore
Additional Details
Categories
Cryptocurrency

About MIB

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.

MIB Roadmap

  • 2017 Q3

  • 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.
  • 2017 Q4

  • Building a team for MIB Coin project (based on SBP) and completing the concept.
    Publishing a white paper.
  • 2018 Q1

  • Reinforcing the manpower of the team.
    Performing pre-sales.
    Advancing the development of SBP.
    MIB Coin ICO.
  • 2018 Q2

  • Advancing the development of SBP.
    Smart Mining Android & iOS Beta Test.
    MIB Blockchain API Center Open.
  • Read More
  • 2018 Q3

  • 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.
  • 2018 Q4

  • 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.
  • 2019 Q1

  • Increasing availability through the MIB Coin partnership expansion.

Activity

Posts:
53
LOW
Followers:
2 340
MEDIUM
Likes:
2 230
MEDIUM
Rating:
4.90
VERY HIGH
Followers:
3 410
MEDIUM
Tweets:
176
MEDIUM
30 Days Growth:
-97
Alexa
Rank:
633 547
LOW
Delta:
-189 569
Year commits:
15
Watchers:
3
Stars:
5
Forks:
0
Open issues:
0

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Co-CEO, Co-Founder
unverified
Co-CEO, Co-Founder
unverified
CTO, Co-Founder
unverified
David Han
Co-Founder
unverified
HyunSook Park
Co-Founder,Public Relation
unverified
Developer, Co-Founder
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Rayol HWANG
Funding Advisor
unverified
TaeHyeung Kim
Advisor
unverified
Jongho Park
Technical Advisor
unverified
Matthew Pyun
Advisor
unverified
Yung Joo Han
Legal Advisor
unverified
HwaYul Yoo
Legal Advisor
unverified
In Beom Na
Certified Public Accountant, Advisor
unverified

Last News

$ 0.0237
-5.29%
Coin Stats
Daily, %:
-5.29%
Weekly, %:
-19.90%
Monthly, %:
-55.93%
Market Info
Market Cap:
$ 872.957 K
Volume 24h:
$ 187.867 K
Circ. Supply:
36.901 M MIB
Ticker:
MIB
1.92
negative
5.0 3
ICO Profile Vision Activity Potential Product Team
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