What Is BiggerMINDS(MIND)? Complete Guide Review About BiggerMINDS

What Is BiggerMINDS(MIND)?

BiggerMINDS was founded in June 2021 by Joma to create a unique and genuinely innovative Hybrid Finance Service (HFS) platform that would bring simplicity to join the blockchain experience under one service. This purpose is to provide a One-Stop Shop on the Avalanche Network. The ultimate goal is to provide services focused on delivering utility by creating multiple functionalities and use-cases, available under one platform and one token.

BiggerMINDS Storage Key Points

The Vision

BiggerMINDS vision is to provide Hybrid Finances as a Service (HFS) and blockchain awareness to everyone. BiggerMINDS offers simplicity by being a one-stop shop in the Avalanche Network. they are an innovative company pushing the limits.

Getting Started

Like other chains, Avalanche also needs some native AVAX tokens to pay for gas and buy other tokens on the chain.

Set-up Wallet

BiggerMINDS app supports more than 100 leading wallets thanks to WalletConnect integration. For purpose of this guide we will use MetaMask.

Buying AVAX

• AVAX is available on many crypto exchanges; for our example, we use Coinbase.

Step 1: Download Coinbase from the Apple store or Android store.Step 2: Register or login if you already have an account.Step 3: From the dashboard, click the “trade” icon on the left.

Brain

BRAIN is BiggerMINDS first product that grants users the privilege to receive rewards from participating in the ecosystem. Every user can create their BRAIN by exchanging 75 MIND tokens. The BRAIN creation transaction is irreversible, and the user becomes an owner of the BRAIN. Every BRAIN generates the rewards for users under specified conditions:

• Quantity ≈ *0.7 $MIND a day
• Frequency of distribution ≈ *every one minute
• Users can claim rewards at anytime

When the marketplace is released, the BRAINS will be upgraded with other features, making the BRAINS versatile, scarce, easy to sell due to being converted to an NFT, and, with time, hard to acquire. BRAINS will have a limit, and once that limit is reached, no more will be created. As technology develops, so will the BRAINS. The BRAINS v3 smart contract release will be designed to allow future add-ons leaving the possibility of unlimited possibilities.

Staking

Staking is a crucial component of deriving value for users. Another way for MIND holders to build wealth is to stake their tokens. Users stake their MIND, locking it into the ecosystem, and receive boosting rewards on their BRAINS. The more MIND tokens are staked, the higher the chances of price stability and the potential increase in token value as locking up tokens will keep them away from circulation. In addition, staking becomes less risky and more profitable over time since the longer its stake, the more rewards earned, and the users keep their tokens. The goal is to lock up as much MIND as possible to keep it from being sold and to create buy pressure on it. Staking benefits, the investors, the company, and the token price; staking is geared towards increasing the value of MIND.

Governance and Voting

BiggerMINDS is an LLC, but we are also a Hybrid company. Being a mix of traditional finance and decentralized finances means that the community plays a role in shaping the company’s future. To be eligible to participate in the company’s proposals, investors’ MIND tokens must be actively staking for some time. The staking time requirement will be announced when staking development begins. Propositions are called MIND Improvement Proposals (MIP). At first, founder Joma and the development team will guide the company towards a sustainable long-term position. As the company matures, more voting exposure will be given to the investors through the voting system.

Non Fungible Tokens

BiggerMINDS will leverage blockchain and non-fungible tokens (NFTs) to change the way people own, collect, experience radically, and ultimately enjoy their collections to share with the community, friends, and family. will acquire and create some of the essential trophy masterpieces in the world and put them in the hands of the broader community by each owing a percentage of the NFT. To have partial ownership of these NFTs, the user must be a MIND holder.

BiggerMINDS Marketplace

BiggerMINDS Marketplace will be the one-stop shop for users to interact with the ecosystem, earn, and spend their MIND token. Users can start to see the Marketplace when staking development is complete, and as other products finish development, they will continue to expand the Marketplace. Users can expect to;

• Buy, sell, and swap NFTs with MIND.
• Buy, sell, rent, and swap their BRAINS.
• Create their user profile to showcase the community their NFT Collection.
• Buy a percentage from essential trophy masterpieces NFTs.
• Earn rewards through staking their MIND tokens.
• Boost rewards for their BRAINS through staking their MIND tokens.
• Participate in proposals by casting a vote.
• User benefits for using Marketplaces and staying within the ecosystem.
• BiggerMINDS merchandise store.

BiggerMINDS Ecosystem

The BiggerMINDS Ecosystem is built around our native token MIND. The long-term goal is to implement blockchain technology in the real world, where users can use native token to transact. A utility token with no actual use case is not a utility token, and this is why our focus is to create products that benefit the user, company and the value of the token. We will not build products with no substantial effect on the ecosystem; we will create long-lasting innovative products where years go by and are still competitive. As blockchain technology scales, so will our token and use cases.

Technology

The BiggerMINDS Token (MIND) is a token-based Avalanche Network and aims to create a new HUB. Avalanche is a layer one blockchain that functions for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It seeks to do so by having a higher transaction output of up to 4,500 transactions per second while not compromising scalability. That is an essential factor for MIND as it provides low transaction fees increase scalability and liquidity to include creating BiggerMINDS subnets to make MIND the only token of use.

Treasury Pool

BiggerMINDS Treasury will consist of value investments; 80% of the treasury will be invested in safe assets to keep up with inflation prices, and 20% will be kept in safe assets. This pool holds 57.5959% of the MIND token supply. As the ecosystem and user demands grow, tokens will be released to circulation, keeping the 50/50 rule to maintain price stability.