Mina bills itself as the “world’s lightest blockchain”. Current cryptocurrencies like Bitcoin and Ethereum store massive amounts of data on their blockchains, and will only continue to increase in size.
Mina however, claims that their blockchain will always stay the same size (about 20 kilobytes), no matter the usage. This will allow the blockchain to be downloadable by anyone who has basic storage and internet access.
|Rewards||Distributed by validators|
|Inflation||12% falling to 7% over 5 years|
|Unbonding||No unbonding period|
|Compounding||Rewards are automatically restaked|
Figment offers peace of mind to its customers and provides the most complete staking experience in the industry
Figment is a venture-funded, registered Canadian company based in Toronto. Canada offers stability, rule of law, and clear crypto regulation.
Servicing the world’s largest MINA holders.
Our Commission rate is 10%.
Active participant in the Mina ecosystem.
Third-party custody solutions are available through our institutional partners.
The world’s most advanced physical IDC + multi-cloud staking infrastructure.
You maintain the custody of your MINA at all times.
Protected via industry-leading Staking & Delegation agreement.
Get in touch with our team to discuss Prime customers advantages and unlock the full Figment experience
Stake your MINA tokens in a few clicks by following these steps:
The MINA token.
Staking rewards are enabled at the launch of the mainnet. Transfers are enabled as soon as tokens become unlocked, which is dependent on how you purchased your MINA tokens.
Tokens purchased from the Community Sale unlock 40 days after the sale ends.
There is a 2-4 week delay (also known as a latency period) before your new stake delegation comes into effect.
There is no unbonding period on Mina.
Mina takes control of your MINA tokens while you are staking. As soon as you unbond your tokens, they are returned to you.
No. Mina’s protocol is founded on the Ouroboros algorithm. Slashing is based on regulating the irrational behavior of validators by threatening them economically (aka. threatening their stake if they are caught with downtime or double signing). Ouroboros, by design, incentivizes all stakeholders to act rationally.
Rewards can be automatically staked, and payouts are handled by the validators. Validators can choose not to send rewards, or send them when it suits them.
With Figment, MINA payments are issued on a weekly basis. MINA payments are not automatic, and it requires validators to issue them.
While there isn’t any slashing, delegators will not gain rewards if their validator goes offline.
Mina’s inflation will begin at 12%. Over the next five years, the inflation rate will fall to 7% – unless specified or changed through governance.
Details about governance have not been released yet by the team.
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