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Manet Coin

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Discover Manet Coin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Manet Coin?

Manet Coin (MNTC) is a Proof of Work/Proof of Stake cryptocurrency based on the scrypt algorithm. It is the native token of the Minativerse ecosystem, a digital cosmos that combines virtual gaming, live events, NFTs, and digital real estate. MNTC is used for transactions within the platform and allows users to participate in and influence the Minativerse's economy.

How is Manet Coin used?

Manet Coin (MNTC) is the native cryptocurrency of the Minativerse ecosystem, which is a comprehensive digital platform that combines virtual gaming, live events, NFTs, and digital real estate. The MNTC token plays a crucial role in shaping the economy of this ecosystem, serving as a medium of exchange and allowing users to participate actively in the platform.

Key uses of Manet Coin include:

  • Purchasing Virtual Assets: MNTC can be used to buy virtual real estate, NFTs, and other digital assets within the Minativerse.
  • Transactions: It facilitates transactions between users, enabling them to engage in various activities such as buying and selling digital goods and services.
  • Staking: Users can stake their MNTC tokens to participate in the governance and decision-making processes of the Minativerse.
  • Access to Services: MNTC grants access to various services and features within the platform, such as live events and gaming experiences.

Overall, the Manet Coin is designed to empower users to engage fully with the Minativerse, fostering a dynamic and interactive community within this digital cosmos.

How do I store Manet Coin?

To store Minati Coin (MNTC) tokens securely, follow these steps:

  1. Create a Wallet: Set up a blockchain network wallet address where your MNTC tokens will be automatically stored after purchase.

  2. Choose a Secure Wallet: Consider using a reputable wallet like Metamask, which supports millions of assets and blockchains. This allows you to trade your MNTC tokens on decentralized exchanges.

  3. Store Offline: For added security, store your wallet offline, away from direct internet access, to minimize the risk of hacking or unauthorized access.

  1. Use a Decentralized Exchange: When trading, use decentralized exchanges to maintain control over your tokens and ensure they are stored securely in your wallet.

  2. Keep Your Wallet Information Private: Always keep your wallet address, password, and any recovery phrases confidential to prevent unauthorized access to your MNTC tokens.

By following these steps, you can ensure the secure storage of your Minati Coin tokens.

How to buy Manet Coin?

To buy Manet Coin (MNTC) tokens, you can follow these steps:

  1. Find a Reliable Exchange: Look for a trustworthy centralized exchange like Binance or Bitrue where you can buy Minati Coin.
  2. Choose a Trading Pair: On the exchange, locate the MNTC trading pair, such as MNTC/ETH or MNTC/USDT.
  3. Use a P2P Marketplace: Alternatively, you can use a peer-to-peer marketplace like Symlix, where you can browse offers from users and buy MNTC directly.
  4. Use Cryptocurrency or Fiat: You can use cryptocurrencies like Bitcoin, Tether, or Tron, or fiat payment methods like PayPal or Visa to purchase MNTC.

Remember to research and understand the fees, limits, and terms associated with each method before making a purchase.

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History of Manet Coin

The Minati Coin (MNTC) is a cryptocurrency that has experienced significant price fluctuations throughout its history. It was launched in June 2023, with an initial price of $8.41. The coin's price has been marked by both substantial highs and lows, with its all-time high (ATH) reaching $151.19 in September 2023.

In its early days, the coin's price dropped to a low of $0.1250 in September 2023. However, it recovered and reached a high of $19.33 in August 2023. By the end of 2023, the price had stabilized at $0.7790.

In 2024, the coin's price continued to fluctuate. It started the year at $0.7810 and rose to $1.34, representing a significant increase. The coin's price history is characterized by periods of rapid growth and decline, indicating a high level of volatility.

The Minati Coin is part of the Minativerse ecosystem, which aims to bridge the gap between the real and virtual worlds. The coin plays a crucial role in this ecosystem, serving as a medium of exchange and allowing users to participate in various activities such as purchasing virtual real estate and transacting NFTs.

The coin's market capitalization and trading volume have also experienced significant changes over time. The market capitalization has fluctuated between $15 million and $40 million, while the 24-hour trading volume has ranged from $1 million to $6 million.

Overall, the history of the Minati Coin is marked by significant price swings and a high level of volatility. Despite this, the coin remains an important part of the Minativerse ecosystem and continues to attract investors and users interested in the metaverse and blockchain technology.

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How Manet Coin works

Manet Coin (MNTC) is a cryptocurrency that operates independently, without a central bank or single administration. It uses a combination of Proof of Work (PoW) and Proof of Stake (PoS) consensus algorithms, which ensures the security and integrity of the network. The Scrypt algorithm is employed to validate transactions and secure the blockchain.

Consensus Mechanism

The PoW/PoS hybrid consensus mechanism allows for both energy-intensive mining (PoW) and staking (PoS) to validate transactions. This approach balances the need for security with the need for energy efficiency. PoW ensures that the network is secure by requiring significant computational power to solve complex mathematical problems, while PoS allows users to stake their coins to validate transactions, reducing the energy consumption.

Obtaining MNTC

Manet Coin is not mineable, meaning it cannot be obtained through traditional mining methods. Instead, users can purchase MNTC through cryptocurrency exchanges. This involves creating an account on an exchange, choosing a funding method, and then buying the desired amount of MNTC. The process typically involves selecting the cryptocurrency to buy, choosing the order type (market, stop, limit, etc.), and executing the transaction.

Wallet and Storage

Once purchased, MNTC can be stored in a personal cryptocurrency wallet or held in the exchange account. For additional security and flexibility, users can transfer their MNTC to a decentralized wallet like Metamask, which supports multiple assets and blockchains.

Trading and Staking

MNTC can be traded for other cryptocurrencies on various exchanges, providing users with opportunities for passive income. Additionally, staking MNTC allows users to participate in the validation process and earn rewards, further incentivizing network participation.

Market and Price

The market capitalization and trading volume of MNTC are tracked in real-time, providing users with up-to-date information on the coin's performance. The price chart displays historical data, allowing users to analyze trends and make informed investment decisions.

Overall, Manet Coin (MNTC) operates as a decentralized digital currency, utilizing a hybrid consensus mechanism and offering users various ways to obtain, store, and utilize the coin.

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Manet Coin's strengths

The token Manet Coin (MNTC) has several strengths that contribute to its potential in the cryptocurrency market:

  1. Comprehensive Ecosystem: MNTC is part of the Minativerse ecosystem, which offers a multi-dimensional platform that includes virtual gaming, live events, NFTs, and digital real estate. This comprehensive ecosystem provides a wide range of use cases for the token, enhancing its utility and value.

  2. Native Currency: As the native currency of the Minativerse, MNTC plays a central role in the platform's economy. It is used for transactions, purchasing virtual real estate, and trading NFTs, which ensures a consistent demand for the token.

  3. Security and Scalability: The advanced blockchain technology underlying Minati ensures secure and scalable operations, which is crucial for maintaining user trust and supporting the growth of the platform.

  1. User Experience: Minati places significant importance on user experience, offering an all-in-one wallet solution that simplifies the process of entering the crypto space for new users. This focus on usability can attract a broader user base.

  2. Vision and Ambition: Minati's vision to bridge the gap between the real and virtual worlds is ambitious and forward-thinking. The platform's commitment to continual evolution and adaptation to meet the community's changing needs ensures that MNTC remains relevant and dynamic.

  3. Market Availability: MNTC can be traded on various centralized crypto exchanges, including Bitget, MEXC, and BitMart, providing users with multiple options to buy and sell the token.

These strengths collectively contribute to the potential of MNTC as a cryptocurrency investment.

Manet Coin's risks

Minati Coin (MNTC) is considered a high-risk investment. The risk gauge rank from InvestorsObserver indicates that the token is currently a high-risk investment. This assessment is based on a proprietary scoring system that calculates the amount of money required to move the price over the past 24 hours, taking into account changes in volume and market capitalization. This system helps determine if a cryptocurrency can potentially be easily manipulated by limited trading activity. Low scores represent high risk, while high scores equate to low risk on a 0 to 100 range.

Additionally, trading in financial instruments and/or cryptocurrencies, including Minati Coin, involves high risks, including the risk of losing some or all of your investment. This underscores the importance of careful consideration and thorough research before investing in MNTC.

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Manet Coin's ecosystem

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Manet Coin’s team

  • Hunter Horsley: Co-founder and CEO of Bitwise, a San Francisco-based cryptocurrency asset management firm.
  • Eun Young Choi: Director of the National Cryptocurrency Enforcement Team.
  • Minati Coin Team: The team behind Minati Coin (MNTC), responsible for developing the Minativerse ecosystem and its native currency, MNTC.

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