jakiro
Source: LD Capital
General description: As a project of zero -knowledge proof, MINA has won the favor of many top -level crypto investment institutions. However, with the gradual increase of tokens and the market environment, MINA tokens have fallen.At present, there has been a large number of people’s affairs changes in the MINA Foundation. Former chief operating officer Kurt Hemecker has officially replaced the founder Evan Shapiro as the new CEO.
The MINA protocol may not be satisfactory in the past three years, and ecological development is basically stagnant.With the recovery of the recent market environment, network activity has been slightly improved.
Judging from the current market performance, the MINA tokens are close to the full circulation, token prices have exceeded the high point in February 23rd and the historical chip concentration area, and the space resistance above is less.
1. Project Introduction
MINA Protocol is a lightweight blockchain based on Zero Knowledge Proof, which aims to provide decentralized applications (DAPPS) with high efficiency, security and privacy protection.The team behind the project comes from O (1) Labs in the United States. It was established in 2017 and has been established before the CODA project (that is, the predecessor of MINA).
The biggest feature of the MINA protocol is to use the data compression capacity proved by zero -knowledge to maintain the block size of about 22 kB.The core of MINA can achieve the constant block size is to use [recursive zero knowledge proof], that is, when the production of block production, using ZK-SNARK technology to compress the block into a single proof, and each new SNARK certificate is proof.Including the past Snark proof, the node only needs to detect the certificate, and there is no need to detect the entire transaction history record.
In this way, anyone can easily download and verify the entire blockchain without relying on third -party service providers.This makes Mina Protocol the lightest blockchain in the world, and the only blockchain that can run on any device.
Second, financing information
MINA has conducted a total of three rounds of financing, with a total financing of 140 million US dollars. Investors include Coinbase Ventures, Metastable, Polychain Capital, Bixin Ventures, Three Arrows Capital, Hashkey Capital, and Fenbushi CA. top -level institutions such as pitch.
According to the initial tokens allocation plan, as of January 3, 2024, a total of 205 million (20.5%) were allocated to investors to the investors.
Third, network situation
Judging from the activities of the MINA network, in the early days of the main online online, the online transaction volume was not active. Three years have passed, and MINA’s network transaction volume has not changed much.With the recovery of the market environment, the MINA network is relatively high in the past three months.
From the perspective of Snark’s proof of generation, it is basically consistent with the activity of online transactions.Snark is paid in the form of MINA tokens. From the average daily transaction fee, the price of MINA tokens is relatively high in the early days of the main network.With the decline of the tokens, the average daily transaction costs are also decreased and reduced.With the activity of online transactions in the near future, the average daily transaction costs have increased slightly.
Fourth, tokens economy
MINA’s initial token supply is 1 billion yuan, and the total amount is not limited. After the main network is started, block rewards will be added.MINA is 1 in the network. The main exercise of payment functions is used to purchase SNARK proof; 2) pledge, participate in block production and obtain block rewards.
MINA’s current inflation rate reaches about 11%. The token was launched in April 2021, which also means that the annual inflation rate is about 3.7%.
The MINA tokens are currently close to the full circulation, and they are only allocated to foundation, teams and communities and a small number of unlocked.
The trading volume of this token was about $ 170 million, and the transaction rate was extremely high (24 -hour transaction volume/market value was 116%).
From the perspective of the price trend of the tokens, it has been at the bottom range at the bottom of the year in the past year. At present, it has exceeded the price high in February 23, and it has broken through the chip concentration area. The resistance of the upper space is relatively small.Token transactions have also been significantly enlarged in nearly half a month.
Five, hold on the chain
Judging from the MINA block browser data, the current top 15 coin -holding address holding a total of 400 million pieces, accounting for 36%of the total supply.
At present, the address of the higher transaction pen is temporarily defined as the pledge commission address, and the coinList wallet address also provides a pile commission service.
The total position of the centralized exchange address was 73.83 million, accounting for 6.7%.
The proportion of teams or related interests holds 2.3%.
As a POS type public chain, the MINA token will have a relatively high pledge ratio, which means that tokens in the secondary market will be relatively small.In the first 15 address of the ranking, only about 4%can be temporarily judged to be temporarily judged as an independent personal address.
From the perspective of the positioning of the address on the chain, Mina’s chip structure is relatively stable.
6. Recent events
MINA Foundation has undergone greater human changes at present
On December 19, 2023, Kurt Hemecker, the former chief operating officer of the MINA Foundation, has officially replaced the founder Evan Shapiro as the new CEO. Evan Shapiro will transform into the chairman and consultant of the board of directors.Hemecker has served as an executive in DIEM Association (formerly known as libra) and Paypal. He will use his business development capabilities to advocate zero -knowledge proof technology in multiple vertical fields.
