What is Mindchain?
Mindchain is a Binance-based token, which means that it is compatible with the vast Binance ecosystem. According to the developer, the Binance blockchain was the perfect host for Mindchain. Since it is secured and well-established, it allowed the project to stay decentralized. Mindchain is the project’s main currency. It is the token that powers the entire Mindchain ecosystem and has a total supply and max supply of 71,000,000.
You can pay your trading fees on Binance with MIND to receive a discount. You can also use it as collateral for loans, and stake to earn rewards and as a MIND holder, you gain exclusive access to opportunities on Binance.
Gas fees on Binance Smart Chain are around 20 times cheaper than on Ethereum. The rise in Ethereum transaction fees has caused serious friction and costs for DeFi users. MIND fees dramatically reduce the overhead which enables participation for a wider range of investors from different backgrounds and economies.
Binance Smart Chain uses a consensus mechanism that is similar to the proof-of-stake plans for Ethereum 2.0. This means it doesn’t rely on mining, and transactions are quicker than on other chains.
Both Mindchain Coin (MIND), and the newer Binance Smart Chain have built-in capabilities for cross-chain transactions. Trust Wallet users can switch between MIND and BEP20 without leaving their wallets.
Many other cross-chain protocols are in the process of being built or deployed on Binance Smart Chain. This will open up Ethereum assets, among others, to Binance Smart Chain DeFi investors. You can also stake Mindchain Coin (MIND) with Trust Wallet.
Total Supply- 71,000,000 MIND.
Maximum Supply- 71,000,000 MIND.
Market Cap- 42,60,000$.