[ANN] Polymine (POLM) - The First Hybrid POW/POS Token on Polygon Ecosystem

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Quote from: ? on December 07, 2024, 12:03:05 AM

i think this the first mine coin on polygon, look likes great

thank you, we still have a lot of work to do!

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i think this the first mine coin on polygon, look likes great

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BOUNTY PROGRAM ANNOUNCENT FOR POLYMINE:

We Would Like to announce a Bounty of 100,000 POLM Tokens for Someone who comes up with a GPU Miner or A Mining Pool. All you have to do is to contact us with the program on our discord. if you're able to demo it successfully, the tokens will be sent to your wallet

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🚀 [ANN] Polymine (POLM) - The First Hybrid POW/POS Smart Contract Token on Polygon 🚀

Welcome to the future of decentralized mining and staking!

What is Polymine?
Polymine (POLM) is the first-ever hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) smart contract token on the Polygon network. This revolutionary token combines the fairness and decentralization of PoW with the energy efficiency and holder rewards of PoS, creating a truly balanced ecosystem.

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🔑 Key Features

Hybrid PoW + PoS Model
- PoW ensures fair and decentralized token distribution.
- PoS rewards long-term holders and secures the ecosystem.
Built on Polygon
- Fast and low-cost transactions.
- Fully compatible with the Polygon ecosystem.
Dynamic Emission
- Initial block reward: 10 POLM.
- Halving every 3 years ensures scarcity and long-term value.
Decentralized Mining
- Anyone can mine POLM using the official PolyMiner script.
- Mining rewards: 80% to miners and 20% to stakers.
Community-Focused
- Fair launch with only 5% pre-mine.
- Transparent and open-source development.

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🚀 Why Polymine?
Polymine is designed to address the limitations of traditional cryptocurrencies:

Energy Efficiency: PoS reduces reliance on energy-intensive PoW mining.
Low Barriers to Entry: Mine and stake POLM using a simple Python-based tool. No expensive hardware required!
Decentralized Governance: Active community participation ensures the success of Polymine.

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🛠 How to Get Started?

Download the Polyminer. Follow the steps on github to install python and run the script.

Mining POLM
Use our Python-based miner to mine POLM:

Code:

python polyminer.py mine -p -t

Example:

Code:

python polyminer.py mine https://polygon-mainnet.g.alchemy.com/v2/YOUR_API_KEY 0xYourWalletAddress -p YourPrivateKey -t 4

Staking POLM
Earn rewards by staking your tokens:

Code:

python polyminer.py stake -p -a

Example:

Code:

python polyminer.py stake https://polygon-mainnet.g.alchemy.com/v2/YOUR_API_KEY 0xYourWalletAddress -p YourPrivateKey -a 100

Unstaking POLM
Withdraw your staked tokens and rewards:

Code:

python polyminer.py unstake -p

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📈 Tokenomics

Token Name: Polymine
Symbol: POLM
Total Supply: 21,000,000 POLM
Initial Block Reward: 10 POLM
Emission Model: Halving every 3 years
Rewards Distribution:
- 80% to miners
- 20% to stakers

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📚 Resources

GitHub: Polymine Repository
Discord: Join the Community
Explorer: Polygon Explorer

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🗓 Roadmap

Q4 2024: Launch mining and staking contracts.
Q1 2025: Expand adoption through partnerships and exchange listings.
Q3 2025: Introduce governance for community-driven decision-making.
2026 and Beyond: Continuous improvements to ensure long-term sustainability.

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🌟 Join the Polymine Revolution!
Whether you're a miner, staker, or developer, there’s a place for you in our thriving ecosystem. Together, we can build the future of decentralized finance.

🛠 Start Mining or Staking Today! 🚀

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