Topic: The Same Concept as Bitcoin Mining, Only Easier! (Read 103 times)

Vote to Earn: Combining Predictions with Crypto Rewards

Vote to Earn (V2E) is shaking up the cryptocurrency space, offering users a fresh way to engage with markets, predict outcomes, and earn rewards. One standout feature of the platform is the integration of the PAX BEP-20 token, which offers real value in the market and a unique minting mechanism that enhances the entire ecosystem.

What is Vote to Earn?

At its core, Vote to Earn allows users to cast votes on market outcomes. Whether you’re predicting the price of a cryptocurrency, the result of a sports event, or even stock movements, your votes count toward both your progress and real-world rewards.

The PAX Token Mechanism

A key element of Vote to Earn’s reward system is the PAX BEP-20 token on the Binance Smart Chain. The PAX token is minted through the platform’s Coin Mining Process (CMP), where every completed block of 100 CMP triggers the distribution of PAX tokens directly to users’ wallets. PAX tokens are tradable on exchanges and can be used for in-game transactions.

Tokenomics: A total of 21 million PAX tokens will be minted, with each block releasing a small portion. The allocation is designed to reward active users, creating a dynamic economy within the platform. This token has real market value and enhances user engagement by giving tangible rewards.

How Voting Powers Mining

Every vote you cast contributes to your progress in the CMP. As you accumulate votes, you complete blocks of 100 CMP, and with every block, PAX tokens are minted and distributed. In addition, you can earn collectible cards and VTE game coins that enhance your overall experience.

Why It Stands Out

Unlike typical Play to Earn platforms, Vote to Earn focuses on the power of predictions and market knowledge. It’s a perfect mix of blockchain technology and real-world market dynamics, making it attractive to users who want to combine their interests in finance, sports, and entertainment with crypto rewards.

Well, it's better called the Vote Mining Process if the process is all about voting as its way of mining.

I know that the analogy is way easier if it's being compared with Bitcoin. But this isn't as secure as Bitcoin's POW.

You'll see that those that can be mined with real hardware are the ones with the real economy.

Perhaps he is referring to cloud mining, which is closer to what he offers, although it is a rather bad strategy considering that cloud mining is under the big scam flag.
I don't even see anything related to Bitcoin here, it certainly looks like another NFT game.

I don't see the connection between what you're describing and mining... What you are describing is a centralised website giving incentives (maybe in the form of tokens???) to users that perform tasks... Mining is something completely different, it is validating the latest blocks and validating transactions from a mempool, creating a new block and then performing millions of iterations over slightly different block headers (usually iterating the nonce) in the hope of finding a header who's sha256d hash is under the current target. Mining is not centralised, you don't get a fixed incentive for every x hashes you generate,...

Yeah, that's just not convenient on the side of the website, I do agree.
As well as to move this topic elsewhere, where it belongs.

First of all, this thread doesn't belong to this section because it has nothing to do with Bitcoin, and has nothing related to Bitcoin discussion. It should either be in Service Announcements (Altcoins) or Bounties (Altcoins) since it is basically a game that rewards users for voting on currency pairs if I got it correct.

Secondly, when I open the website, I see the cookie popup at the bottom saying, "We use cookies to personalize content and ads, to provide social media features. Learn More.", and the only option I have is "Accept All". I mean, why? Maybe I'm not interested in accepting cookies, at least give me an option that would allow me to choose or maybe say "Not interested" or "Not now" so that I can at least check the website properly before I allow it to make personalization for me.

If you're into Bitcoin mining or just curious about crypto, then you'll want to check out Coin Parliament. It takes the same core idea of mining—but makes it way simpler and more fun. No need for expensive rigs or a tech degree. Instead, you vote on crypto trends and earn PAX tokens through a process called Coin Mining Process (CMP).

Think of it as a game where your votes are like mining blocks. Every 100 votes (CMPs), you unlock rewards, including PAX tokens that get sent directly to your wallet, just like mining Bitcoin, only without the headache of hardware. Plus, the more you play, the more chances you get to earn exclusive digital collectibles and boost your earnings.

If you’ve been thinking about getting into crypto mining but want something easier, Coin Parliament is where it's at. You can participate directly through voting, without the barriers that come with traditional mining setups. It's crypto for everyone—same rewards, way less hassle.

https://coinparliament.com