Blockmine (GOLD NUGGET) is a long-term liquidity mining solution based on the Binance Smart Chain (BSC). Liquidity mining is a process where crypto holders lend assets to a decentralized exchange (DEX) in return for rewards. Blockmine aims to solve the major issues associated with liquidity mining by providing services like non-fixed coin minting, automatic smart buybacks, and coin burning (to ensure stable growth).Coin burning occurs when tokens are reduced from circulation to reduce their supply.

The native token of the platform is GOLD NUGGET. Users require a GOLD NUGGET token to access features on the platform. According to its whitepaper, native tokens can experience inflation over time. While some yield farms have devised max-supply methods, these solutions cannot pay out prizes once the maximum supply has been achieved. The platform provides both limited tokens and unlimited native tokens ($GOLD NUGGETs) to tackle this limitation (inflation of unlimited tokens). These tokens give the users exclusive benefits like governance and the ability to utilize platform games’ features.

Native tokens can be burned by playing the lottery or other games. However, the Blockmine team feels that this method will not prevent inflation in the long run unless more users join or more tokens are burned. The rarer a token is, the higher its value gets. The minting of these tokens is subject to burning native tokens as a form of deflationary measure. Deflationary tokens decrease in supply over time.

The platform has three limited utility tokens:

Some products of the Blockmine Platform are:

-CoinFlip is a classic heads/tails coin flip game. The user chooses either ‘heads’ (#teamheads) or tails (#teamtails) and flips the coin. Following the conclusion of the round, one player may call bounty flip and earn some BNBs as a prize for helping in keeping the game running. The team that comes out on top wins.

-GunSlinger- An NFT based 1vs1 shooting game.

As per its whitepaper , the platform was launched in May 2021. The maximum supply of GOLD NUGGET tokens is one million.

References-

เราอัปเดต Blockmine เป็นสกุลเงิน USD แบบเรียลไทม์ ดูราคาปัจจุบันของ Blockmine ได้ทันทีบน Coinbase