Copium Protocol is an innovative multi-pronged blockchain investment project that aims to make crypto mining more affordable, environmentally friendly, and decentralized. The project’s native token is currently on presale, and the project’s NFTs are available for mint registration.
Cloud mining was developed to make crypto mining more affordable. It aims to decentralize mining, making it possible for anybody from a remote location to join cryptocurrency mining pools for a low cost and with little to no technical skills required. However, it still requires a large investment to rent mining gear or hash power from a third party – that is a drawback that Copium Protocol seeks to fix.
Since the early stages of its roadmap, Copium Protocol has generated high interest from the NFT and crypto markets. It does not adhere to conventional cloud mining and seeks to fully decentralize cryptocurrency mining by utilizing an innovative strategy.
What is Copium Protocol?
In this post, we take a more in-depth look at the Copium Protocol and the ecosystem, specifically focusing on how it accomplishes its goals. Will it transform cloud mining as we know it for investors?
The Ethereum distributed ledger serves as the foundation for the Copium Protocol. It is an investment mining project with many components. The firm Copium Mining, which is based in New Zealand and mines cryptocurrencies, serves as the primary focus of this initiative.
By combining cryptocurrencies and NFTs, Copium Mining is able to provide the general public with access to enticing investment options while building its own infrastructure.
The software guarantees that it will assist you in generating a profit from the network, even if you have no prior experience with digital currency or crypto mining. Investors get an uncomplicated solution that is simple to use because it removes the limits imposed by cloud mining.
What Does The Copium Protocol Have To Offer?
The four pillars that support the Copium Protocol ecosystem are the Copium Coin, the Copium Investor Pass, the Copium Mining Network, and the Copium Staking Network.
To get a better understanding of what they are and how they contribute to decentralizing cryptocurrency mining, let’s take a look at each of these pillars individually and understand their importance in the Copium Protocol.
Copium Staking Platform
Holders of Copium Coin have access to the Copium Protocol Staking Platform, which allows them to stake their tokens for different locked and unlocked time periods and earn a high annual percentage yield (APY). Users will be able to modify the parameters of their stakes, check the dates on which their current contracts are slated to expire, and view anticipated future returns.
The Platform provides users with a selection of different staking rates from which to choose, with longer lockup periods resulting in higher interest rates. There are additional tariffs that are restricted to Investor Pass holders that are far higher than the rates available to the general public.
During a 30-day lockout, the APY for general staking is 4.5%, while the APY for the one-of-a-kind Investor Pass holder is 12%. For a lockup period of 24 months, the one-of-a-kind Investor Pass holder rate offers a staggering 28% annual percentage yield, while the public staking rate offers a mere 11% annual percentage yield.
Furthermore, Investor Pass users who choose to lock their position for 36 months are eligible for a special initial staking rate of 38%. Staking at this rate requires locking up a minimum of 10,000 Copium Coins.
After the Investor Pass has been successfully launched, the Staking Platform will be made available to the public. This platform will be a non-custodial one, which means that users will keep full ownership rights to the assets they stake.
If you want to gain the most out of this incredible cryptocurrency mining operation, invest in Copium Protocol Investor Pass NFT via the official website copiumprotocol.io.
Copium Coin – The Native Crypto of Copium Protocol
Copium Protocol is powered by the ERC-20 token known as Copium Coin. It serves a broad variety of utilities in the ecosystem, which will be revealed as the platform develops and improves over time. These utilities will be made available to users. Facilitating the staking reward structure that is essential to the ecosystem will be the primary responsibility of the Copium Coin once it is released.
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.
If you retain your Copium Coins in the staking contract for a longer period of time, you will earn a larger interest rate. When the contract comes to an end, you will be able to un-stake the tokens in addition to the payouts.
The total number of available tokens will be 1 billion. Because Copium Coin is an ERC-20 token, it may be stored in any wallet that supports Ethereum as long as it has sufficient space.
Copium Mining
The ecology of the Copium Protocol is centered on the Copium Mining protocol. The most significant mining operation owned by the corporation may be found in a town in New Zealand. It gets all of its power from a surplus of hydroelectricity that is fully green and comes from renewable sources in the area – ensuring the environmental impact of NFTs is at a minimum.
The mining facility at Copium Mining is situated in an ideal position, which enables the company to maintain a business model that is both efficient and lucrative. Aside from it, the corporation operates a number of mines in different locations throughout the world.
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. This project has accumulated these funds via its efforts. 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.
In addition to this, the revenues will be utilized to modernize the infrastructure and increase the capacity of the current Copium Mining operation.
Two prime instances of such indirect investments in the Copium Mining firm are the Copium Coins and the Copium Investor Pass NFTs. To guarantee that investors receive their proportionate share of the proceeds from the upgraded infrastructure, the platform has staking and burning mechanisms that are well-defined and fully functional.
The protocol utilizes the profits made by the Copium Mining facility to make purchases on the open market in order to repurchase Copium Coins. After that, the tokens are sent to an address designated for burning in order to reduce the total number of tokens in circulation.
The deflationary mechanism aims at preserving the value of the token over the course of the market’s lifetime. In spite of the ups and downs that the market, it encourages investors to continue staking their Copium Coin holdings and Investor Pass NFTs.
Copium Investor Pass
Another important asset of the Copium Protocol is the Copium Investor Pass, which is a collection of Ethereum-based NFTs. You will be able to take advantage of a broad variety of benefits and privileges inside the ecosystem of the Copium Protocol after you have purchased a Copium Investor Pass.
On November 9, 2022, the NFT collection will go up for sale with a total of 10,000 tokens and will be available for purchase. NFT holders will have access to a wide variety of perks, including 10,000 Copium Coins per pass bearer. Holders of NFT tokens will also be eligible to get Pass mint, which will enable participation in the staking mechanism for Copium Coin.
Investor Pass holders will also have the option to stake their passes in exchange for daily profits of Copium Coins. This day’s distribution will contain ten Copium Coins for each pass that was staked. Regardless of what the price of Copium Coin does at any given point, all investors will have the opportunity to keep their coins for a period of two years.
NFT holders will have the opportunity to earn a special one-time-only staking rate, which is not the least of the benefits they will receive. During the fixed term of 36 months, the annual percentage yield (APY) will be 38%. NFT holders must have staked a total of at least 10,000 Copium Coins or more in order to be eligible for the offer.
How Is Copium Protocol Revolutionizing the Way Cloud Mining Is Done?
As can be seen, the Copium Protocol utilizes a novel strategy in order to make cryptocurrency mining accessible to a wider audience. Instead of procuring hardware or hash power on a rental basis, the project updates its mining infrastructure and distributes the gains to users through an innovative investment ecosystem. This eliminates the need for procuring hardware or hash power on a rental basis, thereby being economical and environmentally friendly in the long run.
The Copium Protocol ushers in a new era for cryptocurrency mining with the following distinct benefits over existing methods:
- Potential to earn passive income.
- There is no necessity for either hardware or software.
- Greater profits than those offered by conventional cloud mining platforms.
- Offers an eco-friendly way of mining cryptocurrencies.
What Are The Tokenomics Of The Copium Coin?
The tokenomics of the protocol state that 10% of the total supply of one billion tokens shall be allocated to investors who have purchased investor passes. Staking will be utilized to provide 7.3% of the total cryptocurrency to those individuals who have previously acquired investor passes, while 10% will be allocated to the protocol’s inventors and the development fund.
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. 54% of the tokens have not been allocated as of yet. If the company continues to acquire the coin and then destroy it, they anticipate that it will have a significant deflationary effect.
Bottom Line
Beginning midway through the month of October will see a Dutch auction introducing the Copium Investor Pass NFT collection to the general public. While the price of one NFT will be 3.5 ETH upon launch, early registrants will be able to get them for 3 ETH.
The discount will be available to the first two thousand persons who pre-register using the link labeled “pre-mint”, which is located on the Copium Protocol website. Additionally, at around the same time, Copium Coin will be released, and it will make its exchange listing debut on Uniswap.
However, if you sign up for the presale that begins sixty days before the product is made available to the general public; you will have the opportunity to purchase them in advance at a discounted price. The lowest entry point into the project is through the presale, which sells Copium Coins at a price of $0.10 USD per coin.
