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Crypto mining profitability has decreased with the price of Bitcoin tanking in 2022. As a result, many mining companies have temporarily closed their mining operations until the endeavor becomes profitable for them again.
Typically, miners either mine a blockchain directly with their own mining equipment or will pool their resources together in a mining pool to find blocks and secure the network. Unfortunately, the profitability of both strategies has suffered dramatically as the price of Bitcoin falls.
However, besides mining directly and in a pool, there is another method to make money with mining in 2022. Instead, this new mining method involves investing in an NFT or a coin that uses mining revenues to generate value. The pioneer in this space is about to launch its NFT before its protocol goes live.
The idea of the ecosystem is to use the daily cryptocurrency mining revenue generated from the Copium Mining facility to purchase Copium Coin from the open market and burn it – effectively reducing the supply, making it more scarce and valuable.
What is Copium Protocol
Copium Protocol is a cryptocurrency mining investment ecosystem that provides a simple solution to participate in passive cryptocurrency mining. The entire idea behind the project is to revolutionize cryptocurrency mining by removing all the technical jargon associated with it and presenting an opportunity to participate without investing in expensive mining equipment.
The Copium Protocol is a multi-pronged Blockchain mining investment project. The entire ecosystem is made up of the following categories;
- Copium Mining
- The Investor Pass
- Copium Coin
- Copium Staking
The Copium Protocol is based around Copium Mining, an established cryptocurrency mining company. The company owns several mining facilities worldwide. However, their largest facility is situated in Otago, New Zealand.
The mining facility is temperature-controlled and unique because a surplus supply of 100% clean, green, renewable energy powers it.
Cryptocurrency mining typically receives bad press due to the sheer energy required to power blockchain technology. As a result, most mining operations tend to gravitate toward cheaper rates of electricity, which often come from fossil fuels that pollute the environment.
Fortunately, Copium Protocol won’t be receiving any negative press as their mining facility is totally powered by Hydroelectricity generated in the foothills of New Zealand’s Southern Alps. Hydroelectricity allows Copium Mining to operate a very efficient, profitable, low-cost business model.
The Investor Pass
The initial launch phase of the Copium Protocol will begin by releasing the Copium Protocol Investor Pass. This is a collection of 10,000 NFTs set to mint on the Ethereum network in early-mid October.
Holders of the Copium Protocol Investor Pass will receive the following benefits;
- An exclusive airdrop of Copium Coin
This native ERC-20 token powers the ecosystem. In total, every Investor Pass is entitled to a 10,000 Copium Coin airdrop.
- The ability to stake the pass on the platform in exchange for a daily allocation of Copium Coins
Every Investor Pass staked on the platform will receive a daily allocation of 10 Copium Coins.
- The ability to stake Copium Coin holdings at a much higher ROI than public staking rates
The highest possible public staking rate is set at 11% for a 24-month lockup period. In comparison, the lowest Investor Pass holder staking rate is 12% for a 30-day lockup period.
- Automatic entry to monthly Copium Protocol giveaways
Copium Protocol hosts regular monthly giveaways, and all Investor Pass NFT holders are automatically entered.
The Investor Pass NFTs are scheduled to be sold by Dutch Auction via copiumprotocol.io. The starting price for the NFTs will be 3.5 ETH. However, the first 2000 people that register through the project’s website will receive a guaranteed mint spot at a lower, fixed price of 3 ETH.
The Copium Coin is the native ERC-20 token that powers the Copium Protocol. The coin will be launched to the public simultaneously with the Investor Pass. However, the presale for the Copium Coin will run for 60 days before launch to generate the first batch of initial liquidity. The presale will cost $0.10 per coin.
In total, there will be a 1 billion Copium Coin supply, split into the following categories:
- 10% will be used in the initial airdrop for Investor Pass NFT holders.
- 10% will be used in the development fund.
- 3% is used for the rewards pool to provide staked Investor Passes.
- 10% will be given to the founders of the project.
- 3% will be used in the liquidity pool.
- 7% is given to the project’s team.
- 5% (soft cap) to 5% (hard cap) is used in the presale.
- The remaining 46% is used in the total allocation.
The Copium Protocol team will implement the Copium Staking Platform following the successful launch of the Copium Protocol Investor Pass.
The Copium Staking Platform will be a crucial pillar of the overall ecosystem, allowing Copium Coin holders to stake their tokens for a range of locked and unlocked periods. In return, stakers will generate a high APY percentage return on their investment. In addition, the longer the lockup period, the higher interest rates stakers will receive on the platform.
The Staking platform is non-custodial, meaning that stakers will always retain ownership rights to their assets. Their wallets will be credited with the interest accrued after the staking contract has expired. If a user wishes to cancel a locked staking contract before the expiry date, they will forfeit any accrued interest for the rest of the staking contract.
The Staking Platform has a range of interactive features, allowing users to:
- Customize personal stake settings.
- Forecast future returns.
- View current Copium Coin holdings.
- View current contract expiry dates.
Investor Pass NFT holders will receive exclusive rates on the Copium Staking Platform. The minimum Investor Pass holder rate is still higher than the maximum achievable public staking rate.
The Investor Pass Holder rates provide a much higher APY return than public staking rates. Therefore, if you wish to maximize your return on your staking investment, ownership of the Investor Pass is imperative to secure this aim.
Furthermore, Investor Pass holders are also offered a one-time initial staking rate of 38% if they lock their stake for 36 months. To secure this high APY, Investor Pass holders must stake a minimum amount of 10,000 Copium Coins.
How Does The Ecosystem Fit Together?
The ecosystem relies on the Copium Mining Facility, which mines cryptocurrency on a daily basis. The revenue generated from the sales of the Copium Protocol Investor Pass NFTs will be used to upgrade the equipment and infrastructure at the Copium Mining facility.
Copium Mining has a successful long-term track record in cryptocurrency mining and is highly respected in the New Zealand Cryptocurrency industry. The facility has already established strong business connections, allowing them to use the funds from the Investor Pass sale to purchase bulk quantities of the latest generation of cryptocurrency miners.
Once the mining facility has been upgraded, the daily cryptocurrency mining revenue generated from the facility will be used to purchase Copium Coins from the open market. This provides Copium Coin with sustained demand and constant liquidity.
The purchased Copium Coins will then be sent to a burn address to be removed from the supply. As a result, Copium Coin will be a deflationary token that becomes more scarce as time passes.
To conclude, Copium Protocol presents a perfect solution to make money with mining in 2022 without requiring users to provide hefty down payments for expensive mining equipment.
Easily buying one of the Investor Passes for the Copium Protocol will help you get started to make money out of this project. The Investor Pass will provide you with a Copium Coin airdrop of 10,000 tokens and a daily allocation of 10 Copium Coins. You can then stake Copium Coin on the Staking Platform to generate further returns.