FAQ

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 FAQ



Frequently asked questions

  • What is the goal of the MBASE token?

    The goal of the token is to create a new stable independent cryptocurrency without mining hardware and a complicated computing process that pollutes the environment with our CTP system 

  • What does CTP mean?

    CTP is a new way to create tokens. The CTP is pronounced "creative token production" and is controlled by a smart contract.

  • What is Etherium?

    Ethereum is a decentralized permissionless network based on Bitcoin's blockchain technology. In addition to the function of transferring the blockchain's own currency in Bitcoin, Ethereum enables the execution of smart contracts on the blockchain. 

  • What is an MBASE token?

    An MBASE token is an ERC 20 token from the Etherium network that is created only by fees and by its own energy. The more tokens are created, the more the fee costs to create a token through our CTP system. This is controlled by a smart contract.

  • How do I open a Minebase wallet?

    Follow the instructions in the back office. To create your Minebase wallet you will receive a word string that you need to write down to restore your wallet if you forget your login. Please do not share this word string with anyone. With this word sequence anyone can restore the wallet.

  • How many Minebase tokens are there in total?

    There is a maximum of 250 million Minebase tokens

  • What is a CTP value?

    The CTP value is the value needed to create the token. As the CTP value gets higher and higher through the algorithm, it takes more and more fees to create a Minebase token.

  • How is the algorithm created?

    The more tokens are created, the higher the CTP price (creation price) will be. There is a table for this that you can view. This is located on the website www.minebase.com.

  • Do I also get more fees when the CTP value increases?

    Yes you can get up to 45 times the value Please refer to the tables you can find on the Minebase website

  • What is the CTP value of the tokens that are burned?

    Since the tokens reach up to a CTP value of 793,041.08 this is also the CPT value of the tokens that are burned first.

  • Why are Minebase tokens burned?

    To stabilize the value of the Minebase token

  • What is an ERC 20 token?

    The ERC20 is a standard for token creation on the Ethereum blockchain. In times before ERC20 tokens, Exchanges had to create custom bridges between platforms to support token exchanges.

  • Does CTP mean that the token is created?

    No The CTP system puts the token into circulation. 250 million tokens have been created with a smart contract.

  • Why is the Minebase token becoming more expensive to create.

    Through an algorithm. The more tokens are created by fees, the more expensive the fee price becomes. This is controlled by a smart contract. 

  • Do I have a risk if I create Minebase tokens through CTP?

    No. Since there is no investment required, there is no risk. However, when you buy Minebase tokens to deposit them, the price of the Minebase token is determined by supply and demand. Therefore you have to take into account a price risk.

  • Can anyone create Minebase tokens through CTP?

    Yes Anyone can create the Minebase token through our CTP. The user only needs to register and our free tool. This means that you will receive a certain value per hour with a conversion factor. If this value, which you receive per hour cumulatively, reaches the value of the Minebase Token, you will receive the Minebase Token. Of course, you can also buy the token on the exchange on which the Minebase token is listed and thereby use the automatic variant, in which you automatically receive a new wallet every 72 hours.

  • Can I create Minebase tokens for free?

    However, you need at least 25 tokens on your wallet to activate the CTP system. 1. you register your own wallet address and get credited from those transactions you cause there.                                                                                                                                 2. you use our Period of Time; this means that you get a certain value per hour with a conversion factor. If this value, which you receive per hour cumulatively, reaches the value of the Minebase token, you will receive the Minebase token. 

  • Why are there already 45 million tokens?

    These awarded tokens were issued as bonuses by the start of Minebase

  • Do I need to register my wallet?

    If you want to create the Minebase token for free with CTP, you have to enter your wallet address in the Backoffice in the given field, so that from your wallet address the fees that arise there can be calculated. When you send a coin with this wallet address, the fee you paid there will be credited to you.

  • Do I have to provide my private key?

    No, please never give the private key out of your hand. Even if someone asks you for it, please never give it to anyone. We will never ask you for your private key.

  • What is a smart contract?

    Smart contracts are computer protocols that can map or verify contracts or technically support the negotiation or settlement of a contract. The smart contract can be viewed by anyone. Read more about Smart contract here: https://www.blockchain-insider.de/wie-funktionieren-smart-contracts-a-1049794/

  • What securities does the user have in this project?

    The smart contract controls the whole increase process of a token because it was created with this function. Since the smart contract is considered secure, it is not possible to manipulate it. The smart contract is visible for every user.

  • How do I get automatic wallet addresses?

    You need to deposit at least 25 Minebase tokens in the back office at my Base. Then you will automatically receive two wallet addresses. The more tokens you have deposited, the more wallet addresses you will receive (see description) on the Minebase website.

  • Why does the automatic wallet change address every 72 hours?

    There are wallets with many or few transactions. So that it is fairly distributed, a random generator reassigns the wallets every 72 hours. This ensures that every user also receives wallet addresses with which large transactions also run.

  • How are the wallet addresses assigned?

    A random generator decides which wallet address you get. This is controlled by the Smart Contract.

  • What happens to the value displayed in the back office when a wallet address changes automatically?

    If after 72 hours the wallet address changes, the value that you have received from this address until then remains. No matter how many times the address changes, the value remains until the Minebase token is created by the CTP.

  • How do I achieve Silver status?

    You must deposit at least 3 months (90 days) 50 MBASE tokens in the wallet or you must create at least 500 MBASE tokens with your MBASE wallet.

  • How do I achieve Gold status?

    You must deposit at least 6 months (180 days) 200 MBASE tokens in the wallet or you must create at least 1000 MBASE tokens with your MBASE wallet.

  • How do I achieve Platinum status?

    The user must deposit at least 12 months (360days) 500 MBASE tokens in the wallet or you must create at least 2000 MBASE tokens with your MBASE wallet.

  • What is the difference between the basic account and the upgrades to silver gold and platinum?

    The difference is that the user receives additional wallet addresses. The cost is 10%. This means that for all tokens created with Silver, Gold or Platinum status, 10% of the tokens will be deducted from the user for stabilization .The user will not have to pay any costs

  • How can I make profit with Minebase token?

    By creating the tokens, you create a value. Similar to Bitcoin, which is created through complicated computational tasks to make the network counterfeit-proof, here we use our CTP system with a smart contract. This is also visible to everyone. As the creation price of the Minebase token becomes more and more expensive, it is possible that the trade on the listed exchanges of the Minebase token will recognize this and the price will adjust to it. But this is only a speculation. In the end, supply and demand will decide.

  • How can I earn money at Minebase?

    Minebase uses an affiliate system where you get 10% on everyone you refer. That means you get Minebase tokens and USDT for it.  With our Global Compensation Plan you can participate in the entire turnover. This is not an MLM plan, because everyone is paid according to their performance and everyone who reaches the same level earns the same.

  • How many tokens do I have to deposit to get the 10% as an affiliate?

    You have to deposit at least 25 tokens. If you have users who have a Silver Wallet you have to deposit 50 tokens to get the 10% from these users.  If you have users who have a Gold Wallet you have to deposit 200 tokens to get the 10% from these users. If you have users who have a Platinum Wallet you have to deposit 500 tokens to get the 10% from these users.

  • What resources are used to create the Minebase token?

    The resources of the wallet address from the Decentralized Exchanges, the Etherscan and the Bitcoin network are used. 

  • How is it possible to control the fees of the entire wallet addresses?

    We have developed a new software by using the transaction fees from all decentralized blockchain. Each transaction can be automatically verified.

  • Why is the back office price $6.50 and the exchange price much lower?

    The backoffice price is the creation price and has nothing to do with the exchange price. $6.50 is the starting price and will increase in the future as more tokens enter circulation. Thus the time span to create a token becomes longer and longer.

  • What does create CTP Etherscan mean?

    All wallet addresses in Etherscan can be viewed so that we can record the fees of each transaction through the smart contract. The user who owns this address in Minebase receives the fees of this wallet address to create the Minebase token with CTP.

  • What does CTP Decentralized Exchange mean?

    Most of the wallet addresses from the decentralized exchanges can be tracked so that we can capture the fees of each transaction. The user who owns this address at Minebase receives the fees of this wallet address to create the Minebase token with CTP. 

  • Why doesn't wallet viewing work for centralized exchanges?

    We cannot view the transactions at the central exchanges because the transactions there run in a closed system.  Therefore, these remain outside. 

  • What does CTP Bitcoin network

    Most wallet addresses from the Bitcoin network can be tracked so that we can capture the fees of each transaction through the smart contract. The user who owns this address at Minebase receives the fees of this wallet address to create the Minebase token with CTP.  On the Bitcoin network, only the top wallet addresses are selected.

  • Can I register my wallet address with Minebase myself?

    Yes, if you register your own wallet address, you can use it for a long time. You need to verify your wallet and make a transaction with your wallet within 6 hours.

  • Why can I keep my own registered wallet address?

    First, because it's your own. And secondly, if you deposit your own wallet address, you don't have to deposit Minebase tokens. This process does not cost you anything. But you can deposit a maximum of 5 own wallet addresses.

  • Do I have to deposit tokens if I use my own address?

    No you can create Minebase token with CTP for free with your own wallet address.

  • Why do I need to make a transaction with my wallet if I want to register my own wallet address?

    Because we need to check if it is your wallet address.  That's why you need to make a transaction with this wallet address within 6 hours.

  • What does Period of Time mean?

    This means that you receive a certain value per hour with a conversion factor. When this value you receive per hour cumulatively reaches the value of the Minebase token, you will receive the Minebase token. 

  • What does CTP price regulation mean

    If the Minebase token is listed on the Exchange, six months after listing, 0.025%, of the tokens not yet created will be burned if the price of the Minebase token on the Ex Change falls at least 10%. 

  • Why is the price regulation tool used?

    This tool is used to keep the Minebase token price stable.

  • How can I sell the Minebase token?

    You can sell the Minebase token on the listed exchanges. Bitforex, Digifinex and LBank

  • How can I buy the Minebase token?

    You can buy the Minebase token in the Backoffice, or on the listed exchanges.

  • Do I have to enter my data when registering with Minebase?

    No you only need to enter a username and password and email address

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