About MIB COIN

The utility of blockchain technology is unlimited, triggering an increase in the list of companies, industries and government studying its potential adoption. A block-chain is an immutable public book that records digital transactions.

MIB Coin is a new SmartX blockchain platform that gives everybody the ability to get involved with mining through smartphones. Also, to make it easy for people to connect with businesses in a much easier way. MIB has focused on the fundamental solution of maintaining an agile and sustained blockchain network with continuity in the long run to expand features like a robust platform, and to distribute and maintain nodes with a low cost.

With 'Smart Mining', it reduces the power consumption by about 15,000% compared to the existing method by significantly lowering the high power consumption, which is a critical issue in mining. Therefore, it reduces the cost of maintaining the blockchain and the social cost.

Through this, it aims at decentralizing the mining by enabling areas where power generation is not enough such as Central Asia, Africa, South America, and Southeast Asia to participate in mining.

MIB Coin will grow into a real cryptocurrency used by people around the world as the means of exchange, payment, saving, value evaluation function and communication of hard currency.

The SmartX blockchain platform is expected to become a globalized cryptocurrency that reduces blockchain’s maintenance cost remarkably by applying a lightweight mobile-based hash algorithm aiming for convenience, economy and popularity. This will not be a simple platform change but a change of the cryptocurrency ecosystem.

HOW MIB COIN IS MINED

The MIB Coin (www.mibcoin.io) is designed to be mined specifically on mobile devices and can not be mined by powerful mining machines. Mining MIB Coin requires 99.24% less processing power compared to traditional miners, requires very little electricity and the total cost of the process is reduced in a way never seen before. This is simply fantastic because it goes beyond cost reduction by being totally eco-friendly and sustainable. Mining will be accessible to everyone from anywhere with an internet connection from smartphones. Just download the app from the app store, register and start mining. It’s fast, no need to know programming or handle complicated settings that even a 5-year-old could do. The process is completely safe and involves no risk of damage to devices.

Anyone can mine with a smartphone. Benchmark your smartphone and allocate a hash rate. MIB is designed so that your smartphone is able to withstand the computational complexity required for mining and protect your smartphone from overheating and damaging the hardware. It`s possible with one smartphone.Reduced power by 99.24% compared to existing mining machines.

TOKEN AND ICO DETAILS

Token name: MIB

Platform: SmartX Blockchain

Token price: 1 ETH = 1200 MIB

Total supply: 600,000,000 MIB

Public ICO: Jul 20, 2018 ~ Aug 10, 2018

MIB ALLOCATION

50% of MIB Coin is allocated as Smart Mining and is available to anyone easily.
27.51% of MIB Coin is used for the maintenance and management of MIB’ network ecosystem. More specifically, 11.67% for Reserve and 15.84% for Extra Marketing.
22.49% of MIB Coin is distributed to MIB Pre-Sales, ICO, and the stakeholders. More specifically, 5.83% for Pre-Sales, 8.33% for ICO, 3.33% for the investors, 3.33% for the advisors, and 1.67% for the team are distributed

USE OF PROCEEDS

35% will be kept in capital reserves
35% will be used for technology development of SmartX Blockchain, Smart Contract, DAPP, token platform, connected platform and security.
10% will be used for the operational cost of marketing, accounting, legal and regulatory purposes
10% will be used for MIB’s global marketing, social media and branding
10% will be used to establish strategic partners, offices, and business development around the world

HOW YOU CAN PURCHASE MIB COIN
MIB Coin can be exchanged with ETH (Ethereum).

When you send Ethereum to a specified wallet address, the transferred volume will be verified and MIB Coin will be issued according to the received order.

HOW LONG IS PRE-SALE
It starts at 00:00, March 19, 2018 (UTC), and ends at 11:59:59, March 25, 2018 (UTC). However, it will be automatically terminated once the amount is exhausted.

PLANS FOR THE MIB COINS COLLECTED IN PRE SALE
It is used to maintain and develop SBP (SmartX blockchain platform).

It is used for network development, maintenance, mobile apps, development of exchange support APIs and a third party wallet system, mining software, and marketing costs to enable our partners to participate in our ecosystem.

WHO CAN PARTICIPATE IN MIB COIN SALES

Minors are not allowed. In addition, those who want to participate must ensure that they are eligible in their legal jurisdiction of residency. (Regulating residents of the United States and China can be excluded in advance since they cannot participate. Although you are not a resident of these two countries, you must ensure whether there are restrictions in your country or state where you reside.)

WHAT DETERMINES THE VALUE OF THE COIN
Minors are not allowed. In addition, those who want to participate must ensure that they are eligible in their legal jurisdiction of residency. (Regulating residents of the United States and China can be excluded in advance since they cannot participate. Although you are not a resident of these two countries, you must ensure whether there are restrictions in your country or state where you reside.)

TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT

Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.