INTERNET CITY, DUBAI, Oct. 23, 2022 – LBank Exchange, a global digital asset trading platform, will list Minebase Token (MBASE) on October 24, 2022. For all users of LBank Exchange, the MBASE/USDT trading pair will be officially available for trading at 8:00 UTC on October 24, 2022.

Innovating the web3 cryptocurrency with its unique Creative Token Production (CTP) algorithm, Minebase Token (MBASE) enables creation of its tokens through transaction fees that existing blockchains already generate. The MBASE token will be listed on LBank Exchange at 8:00 UTC on October 24, 2022, to further expand its global reach and help it achieve its vision.

Introducing Minebase Token

Minebase Token (MBASE) is an ERC-20 token created through Creative Token Production (CTP), an algorithm that controls token supply and floor price based on the crypto markets behaviour. The smart contract controls the algorhitmus to increase the price. The minebase system creates new MBASE tokens from the fees for new transactions that minebase users generate.

Proof-of-Work blockchains consume a lot of energy through the mining process to create new cryptocurrency. Thanks to the in-house developed CTP algorithm, MBASE tokens are minted through the transaction fees generated by the entire crypto network, which means CTP allows users to generate MBASE tokens through the transaction fees they pay on the Bitcoin and Ethereum blockchains, as well as decentralized exchanges…