Minima announced today that it would launch its Public Presale in February 2023.
The Presale will take place over several tranches, with the first one being exclusively open to existing Incentive Program node runners on 14 February.
The following tranches, which will be available for everyone, are going to commence as each previous one is fully sold. The Presale will end on 28 February 2023 or once all offered coins are sold, depending on what happens first.
"After years of development, we're excited to offer this opportunity for the world to join us on the journey of genuine decentralization," said Hugo Feiler, CEO, and Co-Founder of Minima.
Minima is leading the way in blockchain decentralization, with fully constructing and validating nodes running on mobile and IoT devices dispersed globally.
Since its network has no centralizing elements, such as miners or external validators, it is entirely run by its community. It means that it is the user who not only validates the entire chain but maintains the liveliness of the whole network and prevents censorship attacks. Every single person is an equal and complete member, so attempts to disrupt the network would require bribing or attacking billions of people.
Minima uses an innovative Proof of Work (PoW) algorithm, which allows both off-chain and on-chain traffic for security. Another essential feature of this algorithm is that it requires a small number of resources, thus permitting users to run a Complete node at any time. Such network organization ensures that any systemic attack would require an attack on the entire user base.
Another feature of their Protocol is its scalability. It not only allows both off-chain and on-chain transactions but also makes the block size adaptive, which means it can grow and shrink as the users see fit.
"Our testnet phase has attracted hundreds of thousands of community members to run full nodes, and as we announce a wide range of global partnerships over the coming year, our potential will accelerate towards mass adoption."
“For those who have supported our project, there's no better time to get involved in the construction of the blockchain than during the Public Presale."
Minima achieves complete decentralization to ensure security and scalability and realize the original promise of blockchain technology.
In other words, it is a large community where everyone shares the same degree of rights and duties. A community with no miners, master nodes, delegates, coordinators, or any other overarching authority to take the slack.
Breaking the miner-centric approach prevailing in other networks, Minima lays the foundation for a secure future where responsibility is shifted squarely onto every community member, and sets a new standard for the crypto industry; Minima is seen by many as what Satoshi Nakamoto would have created if he had a smartphone.
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