MIN – A Cryptocurrency which Counts Every Minute
Overview:
MIN is a blockchain project which is developing a payment structure which will be based on time for the consultants and the freelancers. This payment structure is based on blockchain which will ensure a flexible, transparent and fair system for both the freelancers and the clients. Freelancers will be rewarded for every minute they spent for the client and on the other hand the client also gets a clear picture of the results they get for which they pay for. MIN tokens will be used in the ecosystem to pay for the services offered on the platform.
Challenges Faced Today:
As the world has become digitised and so do the businesses but still these businesses charge their clients on hourly basis even if the appointment gets over in few minutes. Such businesses include lawyers and other blue and white- collar professionals. This causes problems to the clients as they have to pay the fees for the time which is actually not been utilised.
Solution:
MIN is solving the problems by developing a decentralized platform which consist of:
• The MIN Rewarding Engine: This engine is an online timekeeper which will help applications and social platforms to rewards the users for every minute they spend on their platform.
• The MIN Wallet: This is an online crypto wallet which enables the users to pay or receive payment for the services.
• MIN as a Charge: A charging meter will be connected to the Min wallet which will be used to charge the clients based on the time until the service is concluded.
How it Works:
The service providers on the MIN platform will set a fixed price per minute. When a client registers the platforms and gets connected with the MIN wallet he/ she can compare the service rates of other services providers and decide which one suits him/her best. After a client agrees to connect with a service provider, the client starts the charging meter. The meter also enables the user to check the progress and cost of the task at any time. The service provider or the client stops the meter as soon as the service is concluded. After completion of the service fund is transferred immediately to the service provider.
Team:
Ali Magzoub - CEO
Experienced Chief Executive Officer with a demonstrated history of working in the internet industry. Skilled in Business Planning, Analytical Skills, Team Building, Healthcare Information Technology (HIT), and Management. Strong entrepreneurship professional with a Master of Business Administration (MBA) focused in International Business from New York Institute of Technology.
Marko Prljic – UX Designer
He has gained a range of experience in interaction and interface design, product development, information architecture, research and project management. He is an experienced and self-aware leader, have led both small and large in-house and remote teams, offering the full spectrum of services to our clients across a wide range of technologies and projects.
Vedran Vidakovic – Developer
I am an Android Developer and app enthusiast with 3+ years of experience. I have worked for startups worldwide, created 15+ apps of which are 8+ published to Google Play. Worked on most Android apps individually being responsible for whole Android project lifecycle.
Token Matrix:
Token – MIN
Total Supply – 10 Billion MIN
Price – 0.1 XLM
Soft Cap – 300 Million MIN
Hard Cap – 6 Billion MIN
ICO – 15th July to 15th September 2018
Verdict:
Pros:
• The team behind the project has experience in various fields such as android development, interface design, product development, social media management, software engineering etc.
• There are three advisors for the project who have different backgrounds such as marketing, operations, digital marketing etc.
• Thirtymin app is available on the Google and Apple store in which MIN will be integrated.
Cons:
• The project has low social media hype as it has around 4000+ followers on Twitter and around 700 members on telegram.
• The team members and the advisors do not have blockchain experience.
• The information about partnerships of the project is not currently available.
Website: https://inmin.it/
Whitepaper: https://inmin.it/document/MIN_WP_English.pdf
Telegram: https://t.me/mintokens
Twitter: https://twitter.com/mintokens
ANN Thread: https://bitcointalk.org/index.php?topic=4558823.new#new
Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c