MINA
Name
MINA
Summary
Mina is a dim powered blockchain protocol powered by participants.
-It was founded in 2021 by Evan Shapiro
-Mina UtIlizes proof of stake consensus mechanism
Rating
Symbol
MINA
Overview
Mina is a light weight block chain protocol, it has a key goal to tackle the issue of scalability that several blockchains are suffering from as the cost to verify transactions increases on a daily basis.
In these cases, the cost of running a network node eventually exceeds the resources available to most real-world users.
Mina aims to design a decentralized payment system that enables efficient verification of system history from the genesis without the use of any external advice.
Historical Price Movement (in INR)
Technology
Mina looks to avoid limitations that occur when projects try to scale their blockchain which ends up being a burdensome task by utilizing what the team calls a succinct blockchain that requires a constant amount of time and data to verify the current world state (20 kilobytes/10 milliseconds).
The succinct blockchain is enabled by the recursive composition of zk-SNARKs which use ‘K’-sized proofs of arbitrary, incremental computations. This means the complexity to verify the chain is independent of its size preserving the ease with which users can actively participate in the network. Rather than preserving the whole chain, a user simply needs to hold onto the current state using a SNARK (succinct non-interactive argument of knowledge) to certify its' existence.
This allows Mina to scale to thousands of transactions per second and requires orders of magnitude fewer resources than PoW blockchains to maintain.
Use of Native tokens in the ecosystem: The token will be used to pay for transactions, and new mina will be minted to pay block producers for creating new blocks. Mina’s may be used to transfer value, act as collateral, or anything that a digitally-native store of value is capable of.
Token Allocation
NA
Volume (1st May 2022)
$43,951,529
Total Supply
824,104,972 MINA
Circulating supply
479,724,845.84 MINA
Crowd Sales
It has raised $136.7M in funding
Funding
17/03/2022-ICO-$92M
05/05/2021-ICO-$18.8M
13/04/2021-Secondary Market - N.A
13/04/2021-Funding Round-N.A
21/10/2020-Venture Round-$10.9M
05/04/2019-Seed Round-$15M
Country
Switzerland
Name of Organization
O(1) Labs
Year Incorporated
2017
Registered Address
Geneva,Switzerland
Dispute Resolution and Governing Law
Switzerland
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Evan Shapiro | CEO | Carnegie Mellon UniversityMaster's degree, Computer ScienceCarnegie Mellon UniversityBachelor's degree, Computer Science | 5Yrs |
Whitepaper 
