The MIB Coin is intended to be mined particularly on cell phones and cannot be mined by intense mining machines




MIB coin is a smartphone-based blockchain network.

Endless possibilities mining with your smartphone.  Start mobile mining today!

Benchmark your smartphone and allocate a hash rate. MIB is designed so that your smartphone is able to withstand the computational complexity required for mining and protect your smartphone from overheating and damaging the hardware.

Mobile SmartX Blockchain Platform (MSXBP) solves excessive power consumption problem through Eco-friendly
Low-power Mining type and runs Blockchain Network with minimum cost. Also, MIB will integrate Blockchain Distributed -Computing Technology to process Consensus and Proof work done in Mining Peer level that will solve fundamental speed, parallel processing, and block other dangers such like 51% Attack. Our ultimate goal is to have every functions of PC Nodes run on Mobile Unit.#

 

WEBSITE: http://www.mibcoin.io/

WHITEPAPER 

ONE PAGE

As the success and growth of blockchain-based cryptocurrency have proven, the future will witness a decentralized, efficient, and comprehensive global ecosystem. At this juncture, we would like to present MIB Coin, which will provide opportunities to participate in mining and to connect with more businesses as ‘whoever, wherever and
whenever’ using mobile device via an innovative SmartX blockchain platform. MIB Coin’s blockchain network is maintained by a smartphone hash.


How MIB Works?

MIB coin cannot mine existing ASIC and GPU methods. It is only available on smartphones. Benchmark our smartphone and allocate a hash rate. MIB is designed so that our smartphone is able to withstand the computational complexity required for mining and protect our smartphone from overheating and damaging the hardware. It’s possible with one smartphone. Decreased power by 99.24% compared to existing mining machines. Anyone can mine with a smartphone.


MIB Technology

Mobile SmartX Blockchain Platform (MSXBP) solves extreme power consumption problem through Eco-friendly Low-power Mining type and runs the Blockchain Network with minimum cost. Also, MIB will integrate Blockchain Distributed-Computing Technology to process Consensus and Proof work done in Mining Peer level that will solve fundamental speed, parallel processing, and block other dangers suchlike 51% Attack. Their ultimate goal is to have every function of PC Nodes run on Mobile Unit.

  • Goal

They have introduced the ‘mobile mining’ concept into the blockchain and developed an environment with the minimum maintenance cost for a blockchain network. ‘MIB’ goal is to expand into diverse businesses with the SmartX blockchain platform built for mobile devices. Together with the optimization of decentralized technology, MIB will be at the center of connecting with meaningful businesses in the real world while creating a new world of opportunities. Anyone can create a new blockchain business in MIB and such an activity will connect with other businesses to form another new ecosystem. SmartX will be newly defined as an innovative case study in the existing cryptocurrency market and will become a platform for the creation of a new ecosystem.

  • MIB Specifications and Features

Above summarizes the specifics and functions of MIB coins.


Mobile SmartX Blockchain Platform

Mobile Smart X Blockchain Platform is a mobile integrated block chain platform. The thing to do notice here is the Alphabet X. X has two meanings. The first meaning is the number 10. It contains MIB’s will to create a flawless ecosystem where beginning and end are the same. The second means completion. It is a will to complete the MIB’s own blockchain market by operating and expanding diverse businesses

System Architecture

The architecture of the Mobile SmartX Blockchain Platform is as follows:

  •  Combination using block headers, nonce, and SHA3 algorithms
  •  Create a Smart pg block that mutates a DAG
  •  By combining the Smart pg created in Mix, you create a mix and repeat to create 32 mixes
  • If Mix digest is small or equal to the Target Threshold, notify the current Nonce to the blockchain network, otherwise run again as the new nonce.

  • Smart Hash Architecture

  • MIB Sequence Storyboard Implementation Plan


How MIB Coin Is Mined

The MIB Coin (www.mibcoin.io) is intended to be mined particularly on cell phones and cannot be mined by intense mining machines. Mining MIB Coin requires 99.24% less preparing power contrasted with customary diggers, requires next to no power and the aggregate cost of the procedure is decreased in a way never observed. This is essentially phenomenal in light of the fact that it goes past cost diminishment by being absolutely eco-accommodating and practical. Mining will be available to everybody from anyplace with a web association from cell phones. Simply download the application from the application store, enlist and begin mining. It’s quick, no compelling reason to know to a Programme or handle entangled settings that even a 5-year-old could do. The procedure is totally protected and includes no danger of harm to gadgets.


MIB Coin Details

MIB COIN is another blockchain progress, which is made to empower clients to mine crypto cash utilizing smartphone without utilizing extra techniques. This change offers another application with the assistance of which clients will have the capacity to share in the mining of crypto cash. Recalling the genuine goal to start, you have to perform practices in just a few means. This application basically should be exhibited on your smartphone, after which you start to mining the MIB token, pick the vital bit framework from the gave list. While utilizing this application, the smartphone cannot be harmed by distorting.

TOKEN AND ICO DETAILS

Token name: MIB
Stage: SmartX Blockchain
Token price: USD 0.5
Indicate supply: 600,000,000 MIB
Public ICO: Jul 20, 2018 ~ Aug 10, 2018

MIB Allocation

 50% of MIB Coin is allocated as Smart Mining and is available to anyone easily.
 27.51% of MIB Coin is used for the maintenance and management of MIB’ network ecosystem. More specifically, 11.67% for Reserve and 15.84% for Extra Marketing.
 22.49% of MIB Coin is distributed to MIB Pre-Sales, ICO, and the stakeholders. More specifically, 5.83% for     Pre-Sales, 8.33% for ICO, 3.33% for the investors, 3.33% for the advisors, and 1.67% for the team are distributed.

Use of Proceeds

 35% of the capital will be reserved.
 35% will be spent on developing the technology for SmartX Blockchain, Smart Contract, DAPP and token, and the connected platform by the development company.
 10% will be used as the operational cost of marketing, accounting, legal, and operations.
 10% will be used for MIB’ global marketing, social media channels, and advisors.
 10% will be used for establishing offices and developing businesses in major cities around the world for strategic partnerships and business development.


Funding Structure

MIB Coin will be paid after ICO is completed. However, the payment date may change depending on the progress.


Roadmap

2017 Q3

  • CONZBY:  Developing a cryptocurrency trading engine and an exclusive miner’s sales menu
  • Designing the initial concept of SmartX Blockchain platform (SBP)
  • Planning the SBP project and researching on technical aspects.

2017 Q4

  • Building a team for MIB coin project (based on SBP) and completing the concept
  • Publishing a white paper

2018 Q1

  • MIB coin official website Reinforcing the manpower of the team
  • Performing pre-sales
  • Advancing the development of SBP

2018 Q2

2018 Q3

  • Releasing the main network
  • Announcing mining pool clients
  • Smart Mining Application
  • Announcing smart mining application
  • Starting MIB coin mining
  • Supporting a master node community
  • CtoC trading service
  • coin send & money transfer

2018 Q4

  • Setting up and advancing the SBP R&D center
  • Opening a platform development center for expanding the cryptocurrency ecosystem
  • Supporting the issuance of a functional token and investing in technology
  • PayGate Service

2019 Q1

  • Increasing availability through the MIB Coin partnership expansion

PROJECT PARTNERS


CORE TEAM


MIBCOIN ON SOCIAL MEDIA


SUMMERY

With ‘Smart Mining’, it reduces the power consumption by about 15,000% compared to the existing method by significantly lowering the high power consumption, which is a critical issue in mining. Therefore, it reduces the cost of maintaining the blockchain and the social cost. It set up the head office in Singapore because it has a development environment and a stable infrastructure that we are seeking in setting up a company related to crypto currencies.

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