The pre-mint for the Copium Protocol Investor Pass NFTs has finally gone live on the project’s website.
The pre-mint registration grants holders a white list spot to mint their Investor Pass NFTs at a special discounted rate of 3 ETH instead of 3.5 ETH.
However, there are only 2,000 spots available for the pre-mint white list, so you will need to be quick to register your interest.
Purchasing the Investor Pass NFT serves as an investment in the passive cryptocurrency mining ecosystem.
All NFT holders are entitled to receive an exclusive Copium Coin airdrop, will receive higher staking rates, and can claim a daily allocation of Copium Coin.
There will only be 10,000 Investor Pass NFTs in total, and all revenue generated from the sale will be used to upgrade the Copium Mining facility to improve the passive cryptocurrency mining ecosystem and benefit all holders.
Copium Protocol: What is it?
Copium Protocol is a multi-pronged cryptocurrency mining investment ecosystem that provides a simple solution to participate in passive cryptocurrency mining.
The project aims to revolutionize the crypto mining investment space and make it accessible to everybody by removing the technical jargon and the need to invest in expensive mining equipment.
In short, the ecosystem is designed to use cryptocurrency mining revenue to provide a sustained demand for the project ecosystem.
The Copium Protocol has four pillars in its ecosystem;
- Copium Investor Pass
- Copium Coin
- Copium Mining
- Copium Staking
Passive crypto mining: How does Copium Protocol achieve It?
The Copium Protocol ecosystem is centered around Copium Mining, an established real-world cryptocurrency mining facility located in Otago, New Zealand.
This mining facility is unique as it is entirely powered by a surplus supply of 100% clean, green, renewable energy. The energy used is hydroelectricity, generated in the Southern Alps’ foothills in New Zealand.
The entire idea of the project is to utilize Copium Mining to mine cryptocurrency and then use the daily revenue generated from mining to purchase Copium Coin from the open market.
Any Copium Coin bought through crypto mining revenue at Copium Mining will be sent directly to a burn address, making Copium Coin a deflationary asset.
As a result, the self-sustaining ecosystem provides daily demand for the Copium Coin and also turns it into a deflationary asset.
Economics 101 dictates that a falling supply met with a rising demand causes a significant surge in price – this is what we expect will happen with Copium Coin as the ecosystem matures.
What is the Investor Pass NFT sale?
The project will begin its protocol launch phase by releasing the Copium Protocol Investor Pass NFTs. This will be an NFT collection consisting of 10,000 NFTs that will be minted on the Ethereum blockchain during early-mid October.
The 10,000 NFTs will be sold through a Dutch Auction via the project’s website, and the auction will start at a price of 3.5 ETH. However, as previously mentioned, the first 2000 people that register their interest through the website portal will receive a guaranteed mint spot at a lower, fixed price of 3 ETH.
The ecosystem provides all early investors of the Investor Pass NFT with the following benefits;
- An exclusive one-off airdrop of 10,000 Copium Coins via a gas-only transaction.
- The ability to stake the Investor Pass NFT on the platform for a daily allocation of 10 Copium Coins.
- Exclusive Investor Pass rates when staking Copium Coin holdings.
- Automatic entry into monthly Copium giveaways
In addition, all Investor Pass NFT holders will automatically be entered into a giveaway to win one of the two Bitcoin prizes on offer.
What Happens to the Funds generated in the NFT sale?
The great thing about the Investor Pass NFT sale is that all the funds raised through selling the NFTs are entirely invested back into the Copium Protocol ecosystem.
The funds will be used to upgrade the hardware and infrastructure at the Copium Mining facility in New Zealand.
The funds will be used to purchase bulk quantities of the latest and most power-efficient generation of miners. Copium Mining has a successful long-term track record of operation in the mining industry and has a respected reputation in the New Zealand cryptocurrency mining circuit.
Therefore, they can leverage their existing relationship in the industry to purchase the mining equipment at wholesale prices.
The investment will improve the daily output of cryptocurrency mining at the facility, leading to a higher sustained demand for Copium Coins bought from the daily mining revenue.
As a result, more Copium Coin will be burnt following the upgrade at the facility.
What about the Staking Platform?
The team will implement the Copium Staking Platform following the successful release of the Investor Pass NFT sale. The Staking Platform will allow Copium Coin holders to stake their assets in exchange for a varying, high-yield interest rate.
Investor Pass holders are entitled to higher rates of return relative to the public staking rates. In fact, the minimum Investor pass holder rate (locked for 30-days) is still higher than the maximum available public staking rate (locked for 24 months);
Therefore, it is essential to own one of the Investor Pass NFTs if you wish to maximize the return on your investment while staking.
What sets Copium Protocol apart?
Copium Protocol is a totally novel way to participate in passive cryptocurrency mining. Other mining ecosystems are typically cloud-based operations, requiring users to purchase mining contracts from the platform to mine cryptocurrency.
These mining contracts tend to have expiration dates and are likely to underperform when the cryptocurrency industry is bearish, such as we are experiencing during Q3 2022.
On the other hand, Copium Protocol is a long-term passive cryptocurrency mining ecosystem. Users simply need to purchase an Investor Pass NFT to get started, and they will receive an exclusive airdrop of 10,000 Copium Coins to hold onto.
They also receive an additional allocation of 10 Copium Coins if they stake their NFT on the platform and can earn a further return if they stake their Copium Coin holdings on the Staking Platform.
Over time, the ecosystem turns Copium Coin into a deflationary asset, making it more scarce with a reduced supply.
In addition, the daily demand for Copium Coin will remain stable through the purchases made from the daily mining revenue at Copium Mining. Both of these factors are set to ensure that Copium Coin should continue to rise in price over the long term.
Furthermore, the fact that the Copium Mining facility uses 100% clean, green, renewable energy cannot be understated. The cryptocurrency mining industry has been plagued with criticism for being unfriendly to the environment by using non-renewable energy sources.
Well, Copium Mining will remove this stigma and show the world that the industry can be powered using renewable energy – setting a new standard for all mining facilities to live up to.
How to buy the Investor Pass pre-mint?
To get involved with the pre-mint, simply head over to the early registration page, listed at the top of the project’s website.
From there, simply fill in the following form by connecting your wallet and entering your email address;
If you’ve ever been interested in earning a passive income through cryptocurrency mining, then Copium Protocol is certainly a project for you to take a deep dive into.
Their ecosystem is designed to ensure all NFT and Copium Coin holders benefit from cryptocurrency mining without having to educate themselves on the technical jargon associated with it or investing in the expensive hardware requirements.
Over time, as the ecosystem matures, the supply of Copium Coin will only ever decrease, making it much more scarce.
At the same time, the daily mining revenues will continue to be used to purchase Copium Coin from the open market, providing a sustained demand for the token. Both of these factors are designed to ensure that your investment will continue to grow over time.
Visit the Copium Protocol website for more details.
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
