We’ve introduced blockchain-based tokens that will be add to leading cryptocurrencies. This is a mindchain token. Which will be trad Binance in near future.
Mindchain is a Binance-based digital currency that includes Mindchain.info. Mindchain is another popular coin in the crypto world. Be that as it may, the Mindchain tokens is made for better managing.
The Binance Blockchain (BEP-20 token format) issues a number of crypto-tokens, one of which is Mindchain Token.
Mindchain is a Binance-based token dependent on Turkey. The MIND coins are typically dispatched on 2 November 2021. Mindchain token type is BEP-20 token. Mindchain is an analysis in the unconstrain local area constructing and is designe to “exchange unreservedly and safely.”
How does Mindchain token work?
Mindchain tokens such as MIND are supporte 100% reserve native coins, which are exchange MIND for Bitcoin, Etherium, Ripple, etc. The reserved address is revealed for anyone to audit. Blockchain offers a much easier way to audit a crypto reserve than a traditional bank balance teaser.
Mindchain token trading pair has been created at pancakeswap.finance, Such as BNB / MIND, USDT/MIND, MIND/BNB etc.
Enormous purchase requests will be kept up with on the exchanging pair at pancakeswap.finance, with a value spread of around 0.1%. It provides an easy way for anyone to convert from Mindchain Token to Native Coin. Once this purchase order is fulfilled, a new order will be placed. When the same amount of funds is credit to pancakeswap.finance from the reserve address. The purchase orders and the fund of published reserve address will be greater than the total supply of Mindchain tokens. So that there is always 100% support.
The advantage of MIND
The main advantage of offering crypto-Mindchain token (MIND) is, obviously, that it offers a lot of coins to Binance based merchants who have their own blockchain and are native to the Binance smart chain. As the selection of tokens is available in Binance smart chain, trading volume and liquidity should increase, which will further increase the utility value of the token.
Although this method is more centralized than nuclear switching, we believe it provides a higher level of ease of use for most users and businesses.
Compared to Fiat Tethering, Crypto can provide a higher degree of transparency so that anyone can publicly audit reserves, anytime they want.
We note that this method is not exclusive to cross-chain atomic switching or other decentralize methods, which can be applied in parallel. As we write this, a number of nuclear switching solutions are already being develop and we always welcome more developers to join.