Ermine
Ermine is a Web3 application in the world of decentralized finance (DeFi). Virtual miners are issued to mine the Ethereum cryptocurrency (Real Yield) or can be involved in staking. You can earn by participating in mining, staking and referral program. Table of ContentAbout ErmineFeatures About Ermine Ermine virtual miners are designed for mining […]
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Ermine is a Web3 application in the world of decentralized finance (DeFi). Virtual miners are issued to mine the Ethereum cryptocurrency (Real Yield) or can be involved in staking. You can earn by participating in mining, staking and referral program.
Table of Content
About Ermine
Ermine virtual miners are designed for mining cryptocurrency in the mining process. To receive passive income, you need to connect the miner to the pool (PPM) that will mine Ethereum.
Virtual mining, unlike hardware mining, does not serve as a support for the health of the blockchain network.
All virtual mining operations are carried out in smart contracts within the blockchain. In order to profit from virtual mining, you must have a virtual miner connected to one of the pools (PPM).
Some PPMs with a minimum miner connection period may require collateral in ERM tokens (a guarantee that the virtual miner will not turn off before the end of the minimum period).
Profit is generated in yield smart contracts (YSM), whose activities are aimed at generating income from ongoing operations in the DEX. YSMs provide liquidity to pools mining through internal turnover.
Virtual mining is easier and more profitable. Virtual miners have many advantages over hardware miners.
Features
Ermine ecosystem
Token Ermine (ERM) [ERC-20].
The release took place. The token is needed to get the best conditions for virtual mining and the referral system.
Virtual miners (EVM) [ERC-1155].
The release took place. Virtual miners presented as NFTs. Possess productivity with a predetermined price and circulation. The EVM parameters will be stored in the smart contract of the mining pools.
Mining pools (PPM).
Pools store parameters for calculating the potential income of connected EVMs.
Liquidity pool (BLP).
Created to exchange ERM for ETH and ETH for ERM. Liquidity in BLP will be added from each sale of EVM in the amount of 3/10 of the sale amount.
Return system (ReturnVM).
Will be launched 180 days after the launch of virtual mining. Will allow users to rent miners back and get 3/10 of the price of the miner. The refund comes from BLP 50% in ERM tokens and 50% in ETH.
Bonus Pools (Staking).
Staking can be used as additional income. Staking has limits on the number of seats.
Yield smart contracts (YSM).
Thanks to the exchange operations in the DEX, profit is generated, part of which goes as liquidity for the miners. The second part goes to the manager of YSM and to Ermine.
Referral program (invite-and-earn).
Marketing tool to increase sales. A decentralized referral program will allow referrers to earn.