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Mina Protocol

Mina Protocol MINA Price $ 0.782

Rank: 104

4797 Watchlists

Chain

MINA Price

0.782
5.68%
(-$ 0.0471)
Price Range
LowHigh
$ 0.736$ 0.844

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Coin

Funds and Backers

Wallets

No wallets found yet

Description

The world’s lightest blockchain, creating a private gateway between the real world and crypto.

Mina Protocol (MINA) Chart

The Mina Protocol to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

MINA to USD Converter

Mina Protocol (MINA)MINA

ICO

13 Apr — 16 Apr 2021

Raised

$ 18.75M

Price:

$ 0.250

ROI:

3.13x  +212.6%

Platform:

N/A

ATH ROI:

26.03x  +2,503%

MINA Price Statistics

leaderboard

Market Cap

$ 849.63M

FDV

$ 897.08M

ATH Market Cap

$ 3.34B

24 Trade Vol.

$ 33.97M


Vol. (24h) / MCap

0.04

Total Supply

MINA 1,147,719,773

Circulating Supply

MINA 1.09B

(94.7% of Total Supply)


Next Unlock

MINA 1.20M

(0.10% of Total Supply)

Listing Date

31 May 2021

ICO Price

$ 0.250

16 Apr 2021

ICO ROI

212.6%

3.13x

All Time High

$ 6.51

11 Nov 2021


All Time Low

$ 0.352

11 Oct 2023


From ATH

88%

From ATL

122.3%

What is Mina Protocol (MINA)?

Mina Protocol is a layer-1 blockchain-based platform that was founded in 2017. It seeks to address the issue of blockchains requiring large amounts of computational power to validate transactions. Currently, many nodes validating transactions on a blockchain store the entire blockchain’s transaction history. This means that the ledger grows in size as each new transaction is validated. Mina Protocol solves this issue by providing a lightweight alternative to popular chains, such as Bitcoin and Ethereum, on which decentralized applications can be built. 

The project defines its chain as a “succinct blockchain” due to its tiny size in comparison to others. Each block has a fixed size of 22KB. It is able to facilitate such comparatively small block sizes thanks to zero-knowledge technology. Applications, zkApps, can be built on top of the Mina Protocol using such technology.

MINA is the protocol’s native cryptocurrency and has a total supply of 946,246,493. MINA is a utility token that facilitates network transactions, as well as a reward for helping to secure the network.

What are Mina Protocol’s key features and how does it work?

As mentioned, Mina Protocol uses zk-technology to allow its size to remain small. In particular, it uses zk-SNARKs. The network comprises a network of nodes that validate transactions. Each node produces new blocks and when a new block is created, a SNARK proof is also created. These SNARK proofs also act as a confirmation of a newly created block, however, are much smaller in size than the entire chain’s transaction history. This is because they store much less information than an entire chain’s transaction record, as commonly seen on other chains. Nodes then store these smaller proofs allowing the Mina Protocol to remain decentralized and also lightweight. 

Smaller block sizes mean that becoming a Mina Protocol node is more accessible, as fewer computational resources are required to validate transactions and less expensive hardware is needed.

What can Mina Protocol be used for?

The Mina Protocol, like many blockchains, can be used to build and deploy decentralized applications. Applications can be built across a range of sectors including DeFi, governance, social media, and more.

Where can you buy MINA?

MINA is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, Huobi Global, MEXC Global, Gate.io, and CoinBase Pro. The price of MINA will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for MINA market prices, please view the price charts on this page.

Mina Protocol Price Today

Mina Protocol's current price is $ 0.782, it has dropped -5.68% over the past 24 hours.

Mina Protocol's All Time High (ATH) of $ 6.51 was reached on 11 Nov 2021, and is currently -88% down.

The current circulating supply of Mina Protocol is 1.09 Billion coins, and the maximum supply of MINA is unlimited.

Mina Protocol’s 24 hour trading volume is $ 33.97 Million.

Mina Protocol (MINA) operates on its own blockchain.

Mina Protocol's current share of the entire cryptocurrency market is 0.04%, with a market capitalization of $ 849.63 Million.

You can find more details about Mina Protocol on its official website and on the block explorer.

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