Mina Price

(MINA)
USD($)
Mina (MINA) Live Price Chart

Mina Live Price Data

The live price of Mina is $0.5523, with a total trading volume of $ 119,405 in the last 24 hours. The price of Mina changed by +7.97% in the past day, and its USD value has increased by +3% over the last week. With a circulating supply of 1.12B MINA, the market cap of Mina is currently 620.9M USD, marking a --% increase today. Mina currently ranks #79 in market cap.
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Note: This data is for reference only.
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Mina(MINA) Profile

altRank79
rateBBB
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Documentation
Contract
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Audited By
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Code & Community
Investors
ParadigmPantera CapitalCoinbase VenturesPolychain CapitalThree Arrows CapitalElectric CapitalBlockchain.comAmber GroupFTX VenturesIOSG VenturesFenbushi CapitalYBB FoundationNGC VenturesDACMSNZ HoldingHashKey GroupSignum CapitalLD CapitalBixin VenturesBlockchange VenturesAccompliceBH Digital (Brevan Howard)MetaStable CapitalCircle VenturesGeneral Catalyst
$0.5067
$0.5586
$9.9100
-0.94%
+7.97%
+3.00%
$620.9M 
$142,526 
1.12B
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About MINA

How can I buy Mina (MINA)?

Buying MINA on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Mina (MINA) for more information.

What Is Mina (MINA) Crypto?

Mina (MINA) is a revolutionary cryptocurrency that aims to solve the scalability problem of blockchain technology. It uses Snarks, a zero-knowledge-proof technology, to keep its blockchain lightweight and scalable.

Mina (MINA) is a Proof-of-Stake (PoS) cryptocurrency that uses Snarks to verify transactions. Snarks allow the network to verify transactions without storing the entire blockchain history on each node. This keeps the blockchain small and fast while providing the same level of security and decentralization.

Mina is unique in that it can maintain a small blockchain size of only 22 KB compared to other blockchains that can be several gigabytes in size. Mina's focus on scalability and privacy sets it apart from other cryptocurrencies. Mina's blockchain can verify transactions within seconds, making it one of the fastest blockchains in the world. Additionally, Mina's Snarks enable a higher degree of privacy for users, as they do not have to disclose their entire transaction history to validate new transactions.

MINA is the native token of the Mina Protocol ecosystem. It has various functions, such as paying transaction fees, participating in network governance, staking for block production and validation, and interacting with decentralized applications (dApps) built on the Mina Protocol called "Snapps.”

How Does Mina Protocol Work?

Mina Protocol is a lightweight blockchain platform that uses a PoS consensus mechanism called Ouroboros Samisika. It uses zero-knowledge proofs to enable privacy and security, creating the infrastructure for the secure, democratic future of the web.

Mina's Snarks enable the verification of transactions without requiring all nodes to store the entire history of the blockchain. Each block in the Mina blockchain contains a proof that verifies the transactions within that block.

This proof is created using Snarks, a cryptographic method for proving the validity of data without revealing any information about it. This proof is then stored in the blockchain, keeping it lightweight and scalable. Mina's Snark-based approach allows for fast and secure transactions within the network while ensuring the blockchain remains decentralized.

Mina’s PoS consensus mechanism also lets users earn rewards by staking their MINA tokens to secure the network. Stakers are randomly selected to validate transactions and receive rewards proportional to their staking contribution.

History of Mina Protocol

Mina, formerly Coda Protocol, is a cryptocurrency project founded in 2017 by O(1) Labs. The project aims to revolutionize blockchains by introducing a new type of blockchain called the "Snark-based" blockchain.

The founders of O(1) Labs are Evan Shapiro, Emre Tekişalp, and Izaak Meckler. Shapiro is a computer scientist with a background in cryptography and distributed systems. Tekişalp is also a computer scientist with experience in programming languages and formal verification. Meckler is a software engineer and entrepreneur with experience in startups.

The team recognized that scalability is one of the biggest challenges for blockchain networks. To solve this problem, the team developed a new type of blockchain called the "Snark-based" blockchain. Snarks (short for "succinct non-interactive arguments of knowledge") are cryptographic proof allowing data verification without disclosing the data itself. Mina's Snark-based blockchain enables developers to create decentralized applications that are scalable, fast, and secure.

The project's mainnet was launched in March 2021, and the team has continuously improved the protocol. The Mina ecosystem also includes its cryptocurrency called MINA, which is used for paying transaction fees and securing the network through staking.

Mina (MINA) Price Movements ($)
PeriodChangeChange (%)
Today$0.03977.76%
7 Days$0.01592.98%
30 Days$-0.3095-35.91%
3 Months$-0.4102-42.62%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Mina Conversion Rate
  • 1 MINA to USD$0.55243422
  • 1 MINA to EUR€0.51604759
  • 1 MINA to AUD$0.83236369
  • 1 MINA to KRW₩768.88
  • 1 MINA to JPY¥88.23
  • 1 MINA to GBP£0.4356894
  • 1 MINA to INR₨46.08
  • 1 MINA to IDRRp9,062.68
  • 1 MINA to CAD$0.7549787
  • 1 MINA to RUB₽48.75

FAQ

How much is 1 Mina (MINA) worth?
KuCoin provides real-time USD price updates for Mina (MINA). Mina price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time MINA to USD exchange rates.
What Is Mina Used For?

Mina has several use cases, including:

Payments

$MINA token can be used as a means of payment, like any other cryptocurrency.

Decentralized Applications (dApps)

Developers can build dApps on Mina's blockchain. Mina’s scalability and privacy features make it an attractive platform for developers who want to create decentralized applications.

Decentralized Finance (DeFi)

Mina can be used for participating in DeFi protocols, such as lending and borrowing. The fast transaction times and low fees make it an attractive option for users who want to participate in DeFi without paying high fees.

Non-fungible Tokens (NFTs)

$MINA can be used for creating and trading NFTs. Mina’s scalability and privacy features make it an attractive platform for creating and trading NFTs.

Can You Stake MINA Token?

Mina uses a PoS consensus mechanism, meaning users can earn rewards by staking their MINA tokens. Stakers are randomly selected to validate transactions and receive rewards proportional to their stake.

Staking MINA tokens can help secure the network while earning rewards, making it an attractive option for those who want to generate passive income with their cryptocurrency holdings.

What Is MINA Crypto Price Prediction?

Several factors could positively influence the price of Mina (MINA), including:

Adoption

As more and more people start using Mina for payments, dApps, DeFi, and NFTs, the demand for MINA Coin is likely to increase, leading to a rise in price.

Partnerships

Partnerships with other blockchain projects or businesses could boost Mina's visibility and acceptance, potentially increasing demand for MINA tokens.

Upgrades and Improvements

If the Mina team continues to make upgrades and improvements to the protocol, this could increase confidence in the project, leading to a rise in demand for MINA tokens.

Market Sentiment

Positive market sentiment towards cryptocurrencies could increase demand for MINA crypto.

Staking Rewards

The opportunity to earn staking rewards by holding MINA tokens could encourage more people to hold MINA, leading to increased demand and a rise in MINA price.

Is Mina (MINA) a Good Investment?

Mina's focus on scalability and privacy makes it a unique cryptocurrency with several advantages over other cryptocurrencies. Its small blockchain size and fast transaction times make it an attractive option for payments, dApps, DeFi, and NFTs.

Additionally, using Snarks to keep the blockchain lightweight and scalable allows users a higher degree of privacy, making it an appealing option for those who value privacy.

Earning staking rewards by owning MINA tokens makes it a good investment opportunity. Stakers can earn rewards while helping to secure the network, which could lead to increased demand for MINA tokens and a rise in the value of MINA crypto.

Mina's innovative technology and growth potential make it an attractive investment opportunity for anyone investing in cryptocurrencies.

What is the all-time high price of Mina (MINA)?
The all-time high price of Mina (MINA) is $9.9100. The current price of MINA is down 0.94% from its all-time high.
What is the all-time low price of Mina (MINA)?
The all-time low price of Mina (MINA) is $0.3519. The current price of MINA is up 0.57% from its all-time low.
How much Mina (MINA) is there in circulation?
As of 6 25, 2024, there is currently 1.12B MINA in circulation. MINA has a maximum supply of --.
What is the market cap of Mina (MINA)?
The current market cap of MINA is $620.9M. It is calculated by multiplying the current supply of MINA by its real-time market price of $620.9M.
How do I store Mina (MINA)?
You can securely store your Mina in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your MINA include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Injective (INJ) to cash?
You can instantly exchange your Injective (INJ) for cash using KuCoin's Fast Trade feature. This feature enables you to convert INJ to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.