Are you planning to be the next investor in MINE Pylon? Well, if you are, then you are in the right place. In this article, we are going to look at everything you need to know as a new MINE investor. Now before we jump into the details, let’s take a look at a brief look at the background to Pylon.
The Terra technology is surprising us again with yet another innovation, the Mine Pylon. This is the native token for Pylon protocols.
With that said, let’s take a look at a beginner’s guide to MINE Pylon.
How to Get MINE Pylon Tokens
There are various ways one can get your hands (virtually of course) on MINE tokens. Here is what you need to know.
- The first step is to get a Terra station wallet — The purpose of the wallet is to store cryptocurrency for future trading. The Terra station wallet is a safe haven; therefore, you don’t have to worry about your assets getting lost. With this wallet, you are going to store your cryptocurrency, which you will later use to earn MINE Pylon.
- The next step is to stake your crypto and receive MINE from weekly airdrops — MINE is still a new token, meaning it is only recognized in Terra at the moment. To earn it you can stake Luna in any platform such as Loop and, in exchange, receive weekly airdrops in the form of Mine. This is a simple way since you won’t be spending any of your coins.
- There is also the option of swapping – This is a direct and simple way of earning a MINE Pylon. In your Terra station wallet, you can easily swap your tokens for MINE. It’s as simple as that to you receive your tokens.
How Does MINE Pylon Protocol Work?
The mine Pylon protocol works in 2 ways, which we are going to look at now.
- Pylon gateway — As the name implies, this is a platform that connects users to potential token earning opportunities. Staking is one of the methods; if keep your Bitcoin for a while you will be rewarded with MINE.
Pylon pool is another Pylon protocol project that allows users to stake their UST in exchange for MINE pylon. You get more if you stake more, and vice versa.
- Pylon web app — Users can stake and borrow tokens using this Pylon application. This is an excellent way to increase your earnings, and on top of that many countries have legalized its use.
Things to Look at When Buying Pylon Protocol
There are various things you need to look at when buying pylon protocol. Here are a few.
- Reliance on Terra — Pylon protocol is an innovation under the Terra blockchain, therefore it’s best if you check the status of Terra before being a MINE investor. If Terra is doing well, then you know there is a bright future for Pylon protocol.
- Innovation payment solutions – By utilizing the returns to Terra blockchain, Pylon protocols allow its users to pay for services that otherwise would have been rejected. This enables more users to make use of Pylon to make payments for services that require payment solutions such as subscriptions.
Conclusion
MINE Pylon is the next big thing in the Terra blockchain. There are various ways in which you can invest. To get started, this article supplies you with all of the necessary information to become the next great investor.