Bitcoin has been the best performing asset since its inception in 2009.
Over the last 10 years, Bitcoin has outperformed the second-best asset US Nasdaq 100 by 10 times.
And even though Bitcoin is now facing a strong correction, the long-term trend speaks for itself.
So, buying and holding Bitcoin is generally a good idea if you’re a long-term investor.
But what is better than buying Bitcoin? Right. Earning Bitcoin.
Imagine to have passive income in the hardest asset on earth. This is only possible through a process called mining.
Bitcoin mining is the process by which Bitcoin transactions are validated digitally on the Bitcoin network and added to the blockchain ledger.
Challenge with Bitcoin Mining
Mining Bitcoin requires specialized hardware called ASIC miners. ASIC miners are expensive and have long lead times in many cases.
So not only it costs money, it takes also time. In addition, you need someone to set up the equipment for you, unless you’re a Bitcoin mining express.
ASIC miners are loud and produce a lot of heat. So, you will have to rent a warehouse to operate the mining equipment from.
The biggest expense will probably be electricity since ASIC miners consume a lot of it.
eGold is the solution
eGold is the world’s first mining ecosystem built in the Metaverse. It is removing all the restrictions that come with physical mining. All transactions will be carried out by a smart contract on the Binance Smart Chain.
The unique mining logic will be managed by so called ANFTs. ANFT stands for algorithmic non-fungible tokens. ANFTs are a lot smarter than regular NFTs which are JPEGs in most of the cases.
In the eGold virtual mining city every ANFT represents a virtual miner.
eGold Miner G1
- Price: 20$
- Hashpower: 20 Meta Hashes
eGold Miner G2
- Price: 100$ (98$ in pre-sale)
- Hashpower: 100 Meta Hashes
eGold Miner G3
- Price: 500$ (480$ in pre-sale)
- Hashpower: 500 Meta Hashes
eGold Miner G4
- Price: 2500$ (2350$ in pre-sale)
- Hashpower: 2500 Meta Hashes
Meta Hash is the unit that expresses the mining power.
During pre-sale that lasts until the eGold token launches on PancakeSwap in September, members can get up to 6% discount.
Unique Mining Logic
What makes eGold so unique is not only the fact that it is 100% virtual, miners also have a very unique logic bulit in through ANFTs.
Before you can claim the mining rewards you have to burn 50% meta fuel which is paid in eGold token. Burning is a mechanism that smart contracts use to reduce the circulating supply.
Meta fuel burning might sound like a restriction to you but it does exactly what is needed to sustain the token price. It reduces the circulation supply and increases the demand, since all mining ANFT owner will have to buy the eGold token on the exchange before claiming rewards.
The second important logic is the so called depreciation. ANFTS owners can claim their rewards 10 times before the miner will stop producing rewards.
Why is that good? The reason why so many liquidity farming tokens are slowly dying is members claiming tokens from the liquidity pool every day and selling them. This certainly doesn’t help the price.
eGold mining ANFT owners will carefully plan their claims since they only have 10 of them. This will stop them from claiming every day and dumping them on the exchange.
Both mining logics will make the eGold token price very sustainable.
Here is the full video review of eGold:
How to join eGold
To join eGold mining you will need a decentralized wallet on the Binance Smart Chain network. We recommend MetaMask.
To download and install MetaMask please go to: https://metamask.io/
Go through the setup of the wallet and write down the recovery phrase on a piece of paper.
Ethereum network will be set up by default.
To add the Binance Smart Chain (BSC) Network please go to settings (top right in the Google Chrome Add-On and top left in the mobile app).
Then go to Networks and Add Network.
Enter the following data:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org
Chain ID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
Done!
Miners will be paid in BUSD. Please have some BNB on your balance to pay the blockchain fee. You can buy both assets on Binance. Please make sure you use the BEP20 Network when sending BUSD and BNB from Binance to your Metamask wallet.
HOW TO BUY
– Enter https://egold.farm into the Dapp browser of your wallet
– Click on „ENTER APP“
– Confirm which wallet you’re using
– Now enter the Referral Address 0x29A8e19AFAdf76E2A7a362FA4e78c7a6C0a73aC5 and click „SUBMIT“
– Go to „BUY MINER“
– Choose your Miner
– Click „APPROVE BUSD“ and wait until the „BUY NOW“ button becomes active.
– Click „BUY NOW“
Video instruction:
HOW TO ACTIVATE
– Go to “STAKE MINERS”
– Select miner to stake
– Hit “APPROVE” and confirm the transaction.
– Hit “START MINING”
Video instruction:
Congratulations! You’re now mining eGold in the world’s first virtual mining city!
Do you still have questions? Join the official Telegram group: https://t.me/egold_farm
