Current Mina (MINA) Price Overview
The live Mina price stands at $0.1780** with a 24-hour trading volume of **$7,249,835. MINA has shown notable growth:
- +8.45% price increase in the last 24 hours
- +2.16% gain over the past 7 days
Key market metrics:
- Market Cap: $220,713,307 (#150 rank)
- Circulating Supply: 1,239,990,747 MINA coins
- All-Time High Comparison: Currently 98.20% below peak value
- All-Time Low Comparison: 20.47% above lowest recorded price
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Understanding Mina (MINA) Cryptocurrency
MINA serves as the native token for the Mina Protocol, designed as the world's lightest blockchain with a fixed size of 22kB. This innovative approach enables:
- Efficient decentralized application (dApp) operations
- Scalable blockchain solutions
- Mobile-friendly verification
Mina Protocol Development Team
The project was founded by prominent technologists:
- Evan Shapiro (CEO, Mina Foundation)
- Izaak Meckler (CTO, O(1) Labs)
- Brad Cohen, Emre Tekişalpm, Vanishree Rao (O(1) Labs researchers)
- Joseph Bonneau (Cryptography professor)
Originally launched as Coda Protocol in 2017, the network rebranded to Mina in 2020 following legal considerations. The Mainnet launched in March 2021 after extensive security testing, including a successful bug bounty program that rewarded participants with 1% of MINA's initial supply.
Technical Features of Mina Protocol
Blockchain Efficiency
- Fixed 22kB blockchain size
- zk-SNARKs for privacy-preserving verification
- Ouroboros Samasika PoS consensus
Network Participants
| Role | Function | Incentive |
|---|---|---|
| Verifiers | Validate transactions | Network security |
| Snarkers | Create transaction proofs | MINA fees |
| Block Producers | Create new blocks | Block rewards |
Transaction Process
- User initiates transaction
- Transaction enters mempool
- Snarkers create zk-SNARK proofs
- Block producers bundle proofs
- New block added to chain
- Blockchain size maintained at 22kB
👉 Discover how MINA compares to other altcoins
MINA Tokenomics
- Initial supply: 1 billion tokens
- No maximum supply cap
- Inflationary model
- Gradual token release over 8 years
Frequently Asked Questions
What makes Mina Protocol unique?
Mina maintains a constant 22kB blockchain size using zk-SNARKs, making it the lightest blockchain in existence.
How can I buy MINA tokens?
MINA is available on major cryptocurrency exchanges. Always store your tokens securely using hardware wallets.
Is Mina smartphone-compatible?
Yes, Mina's lightweight design allows mobile devices to function as full nodes, with transactions completing in ~200ms.
What's the future outlook for MINA price?
While we don't provide price predictions, Mina's innovative technology positions it uniquely in the blockchain scalability space.
How does Mina compare to traditional blockchains?
Unlike Bitcoin or Ethereum where blockchain size grows continuously, Mina maintains a fixed size through cryptographic proofs.
What are the main use cases for MINA token?
MINA serves as:
- Network transaction currency
- Payment for snarkers
- Staking asset for block producers