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About MYNE

ITSMYNE (MYNE) is a cryptocurrency launched in 2021. MYNE has a current supply of 100.00M with 0 in circulation. The last known price of MYNE is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.itsmyne.club.

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MYNE Price Statistics
MYNE’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#4216
MYNE Market Cap
Market Cap
$0
Fully Diluted Market Cap
$168,915.04
MYNE Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
MYNE Supply
Circulating Supply
0
Total Supply
100.00M
Max Supply
0
Updated Mar 04, 2024 9:21 am
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MYNE
ITSMYNE
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Analysis: Ethereum L1 and L2 balance can be restored by raising the minimum blob fee and increasing L2 usage
Crypto KOL cygaar wrote on X: "The relationship between Ethereum L1 and L2 is now quite unbalanced. L2 gets the benefits of Ethereum security without contributing much value to ETH. I think there are two ways to restore balance: 1. Increase the minimum blob fee Currently, the blob fee is basically zero for rollups, which means that Ethereum gets almost no value from the L2 DA cost. In the world before EIP-4844, rollups have always been the largest source of Gas consumption for ETH, causing ETH to face strong deflationary pressure. However, because DA blobs are basically free, rollups no longer consume too much ETH. This, coupled with the reduction in execution activity on Ethereum L1, has caused ETH to become inflationary again. A perhaps more short-term solution is to increase the base blob fee. L2 must pay a certain amount of fees to use Ethereum DA. One could argue that increasing the cost of Ethereum DA will cause L2 to turn to alternative DAs. solution, but I think chains that want to truly inherit Ethereum security will still pay these costs. 2. Increase L2 usage The current blob pricing curve is set this way because researchers predict that there will be more demand for L2. However, apart from a few major events (initial blob release, blobscriptions, LZ airdrop), the cost of a blob has not exceeded the minimum fee. If L2 demand and usage increase, we may reach a state where the blob pricing curve can appropriately price DA blobs, resulting in a healthy level of ETH destruction on L1. In addition to the DA cost being quite large, the amount of Gas used for rollup settlement may also increase to a considerable amount. In the long run, this is the path that is most beneficial to the Ethereum ecosystem, but it also requires an intrinsic demand for L2 block space. We need more interesting consumer-facing applications to attract users and drive more on-chain usage. In this world, blob fees are almost never at the lowest price, and rollups will pay a large amount to inherit Ethereum's security. "
Sep 01, 2024 12:23 pm

Frequently Asked Questions

  • What is ITSMYNE (MYNE)?

    Launched by a team of second-time entrepreneurs based in India and Kazakhstan, ITSMYNE is a multi-chain social-plus marketplace for officially-licensed sports NFTs.

    Built as a Web 2.0 product, ITSMYNE is easy to use for both crypto native as well as non-crypto-native users due to integrated custodial wallet as well as the flexibility to pay in fiat or crypto.

    Pre-requisite knowledge on how to mint, price, and market digital collectibles (NFTs), as well as concerns around the non-eco-sustainable nature of NFTs, are limiting factors for the adoption of NFTs in the supply-side community in sports. We envision eventually expanding this to the world of cinema as well.

    Similarly, concerns around the origination source of collectibles, the requirement to pay in crypto-currencies or platform-native tokens, and the nature of platforms as being “unfriendly” toward non-crypto-native retail users, are roadblocks in the adoption of NFTs on the demand side community.

    ITSMYNE is a centralized platform wherein retail users who possess or lack previous crypto experience can buy officially licensed digital collectibles directly from athletes, sports teams, movie stars, and production studios.

    Unlike other platforms in this space, ITSMYNE is not merely a transactional marketplace, but rather a Reddit-like community where curated fans (of cinema & sports) discuss their favorite topics, engage in social interaction, and buy & trade officially licensed digital collectibles (NFTs) relevant to those topics.

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  • How many ITSMYNE (MYNE) tokens are there in circulation?

    There is a maximum supply of 100 million MYNE. Two rounds of investor sales (seed and private) were held between August and October 2021. Approximately 20% of MYNE were sold in seed, private, and public sale rounds, 17% went to the project’s founders, and the balance for ecosystem development, IP rights licensing, liquidity, staking, and other business functions.

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  • What is the all-time high price of ITSMYNE (MYNE)?

    The all-time high of MYNE was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of ITSMYNE (MYNE) is 0. The current price of MYNE is down 0% from its all-time high.

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  • How much ITSMYNE (MYNE) is there in circulation?

    As of , there is currently 0 MYNE in circulation. MYNE has a maximum supply of 0.

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  • What is the market cap of ITSMYNE (MYNE)?

    The current market cap of MYNE is 0. It is calculated by multiplying the current supply of MYNE by its real-time market price of 0.

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  • What is the all-time low price of ITSMYNE (MYNE)?

    The all-time low of MYNE was 0 , from which the coin is now up 0%. The all-time low price of ITSMYNE (MYNE) is 0. The current price of MYNE is up 0% from its all-time low.

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  • Is ITSMYNE (MYNE) a good investment?

    ITSMYNE (MYNE) has a market capitalization of $0 and is ranked #4216 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze ITSMYNE (MYNE) price trends and patterns to find the best time to purchase MYNE.

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