Our cooperation with MinerGate mining pool continues and we are ready to expand our list of cryptocurrencies with one more token. We are glad to announce that MinerGate users can store MG token on Freewallet: Crypto Wallet on the web, and iOS and Android devices.
What is Minergate
Never heard of MinerGate? It is an open mining pool supporting dozens of cryptocurrencies, including LTC, ETH, GRIN and many others. MinerGate’s community is huge, consisting of over 3.7 mln registered miners on the platform and 300000+ active online users.
Today mining pools are an alternative for mining farms and give people the opportunity to mine coins by joining forces with other members of the crypto community. Mining pools accumulate the resources of all miners to achieve maximum power and make mining more efficient. Members of mining pools find the hash of the correct block together and then share the award for mining amongst themselves.
Today the competition with big mining farms is fierce and solutions like MinerGate help make mining profitable and effective for the little guy.
The purpose of the MinerGate Token
MinerGate has decided to run their token on the EOS blockchain. They believe that the EOS network has a good deal of potential and a great future ahead it and have invited their users to join this future with the MinerGate cryptocurrency.
The MinerGate token will work as a source of fuel for the whole MinerGate community. Creating a vehicle for interaction between the company and its users, the token will be used as a loyalty tool within the platform and push the development of the mining industry.
It won’t be used for fundraising purposes but only as an instrument to elevate the mining experience to a new quality level. The token is designed to power up the community to the benefit of the platform, and every MG holder will be able to participate in the development of the platform.
MinerGate Token on Freewallet
MG token will be available on Freewallet: Crypto Wallet together with other 100+ cryptocurrencies. With Freewallet you can:
- Manage your MinerGate Loyalty Tokens in a safe wallet using whichever platform is convenient for you: iOS, Android, or the web.
- Top up your account with almost any cryptocurrency and make free transactions within the Freewallet eco-system.
- Protect your MinerGate assets with advanced security features including 2FA, multisig, and transaction limits. Your coins are stored in a cold wallet, providing maximum safety from hackers.
- Track the exchange rate with real-time price charts and trade MinerGate with any coin without leaving the app.
If you need any help regarding the MinerGate Loyalty Token on our platform, feel free to ask our 24/7 customer support team.