What is Instamine?
Instamine is the process where a significant amount of cryptocurrency is mined in the first days or even hours after the launch of a new cryptocurrency network.
This term often has a negative connotation and is associated with the uneven distribution of coins among early participants, which can lead to market manipulation and reduced trust in the project.
Key Characteristics:
🔵 A significant amount of cryptocurrency is mined in the first hours or days after the network launch, often before most users know about the launch.
🔵 A large portion of the coins ends up with a limited number of participants, which can lead to price manipulation and concentration of power.
🔵 The community may perceive instamine as a scam, leading to criticism and difficulties in project adoption.
Prevention Methods:
🔵 Announce the exact launch time of the network and provide equal access for all participants.
🔵 Implement mechanisms that ensure an even distribution of coins among participants in the early stages.
🔵 Provide advance notice to the community about the planned network launch so that everyone can prepare.
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