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Highlights:
- The MINA crypto is the native token of Mina Protocol, and it acts as a utility token.
- Notably, Mina claims to be the world's lightest blockchain, and it uses advanced cryptography instead of brute computing force.
- The MINA crypto has a total supply of 824.1 million tokens, and its circulating supply is 378.1 million MINA tokens.
The price of Mina (MINA) cryptocurrency was up 17.1 per cent at the time of writing, and it was trading at US$ 2.79 per token. According to CoinMarketCap, MINA crypto's volume climbed 496 per cent in the last 24 hours to $155.9 million.
The price surge could be due to the announcement that Mina Protocol (MINA) Perpetual Futures will get listed on FTX, and it will begin trading at 9 AM EST on Tuesday, February 15.
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Notably, MINA crypto was trading about 200 per cent higher in comparison to its all-time low of US$ 0.9233 apiece on July 21, 2021.
What is MINA crypto?
The MINA crypto is the native token of Mina Protocol, and it acts as a utility token as well as a medium of exchange. Notably, Mina claims to be the world's lightest blockchain, and it uses advanced cryptography instead of brute computing force.
Generally, blockchains are heavy and require intermediaries to run nodes for verification. However, the entire blockchain's size is 22kb, which allows users to connect peer-to-peer, sync, and verify the change.
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Users of Mina Protocol validate transactions like a full node while syncing the chain, and anyone can take part in proof-of-stake consensus.
Last year, Polygon and Mina Foundation announced that they would enable privacy-preserving applications on Polygon. Both the networks announced they would bring enhanced privacy, verifiability, and privacy.
Bottom line
The MINA crypto has a total supply of 824.1 million tokens, and its circulating supply is 378.1 million MINA tokens. Those interested in getting hold of this cryptocurrency could visit cryptocurrency exchanges like Gate.io, Mandala Exchange, Binance, and OKX.
It appears that the price surge is due to FTX's announcement and could disappear within the next few days. In the last seven days, MINA crypto's price declined by 9.2 per cent and 20.1 per cent in a month.
At the time of writing, the virtual currency was down by 72 per cent in comparison to an all-time high of US$ 9.91 per token on June 1, 2021.
