Copium Protocol Review: Is it a Powerful Mining Site?
Copium Protocol is an innovative ecosystem for crypto mining investments built on the Ethereum blockchain. In this review, we’ll take a closer look at Copium Protocol and answer some common questions about cryptocurrency mining and investing.
What is Cryptocurrency Mining?
Cryptocurrency mining involves individual computers or ‘nodes’ performing complex computational transactions that are recorded onto the blockchain in exchange for small amounts of that particular blockchain native currency. This process is called proof of work (POW) blockchain.
Is it Safe to Invest in Copium Protocol and its Products?
No investment is 100% safe, and the cryptocurrency industry as a whole is unregulated and known for its volatile and sometimes unpredictable price fluctuations. We recommend doing your own research before investing in any cryptocurrency-based product, and never investing more than you can afford to lose.
Copium Wallet
Copium Coin is an ERC-20 Ethereum network-based token, which means that any wallet capable of storing Ethereum can also store Copium Coin. We recommend using the METAMASK browser extension wallet for storing Copium Coin. For cold storage of large amounts of cryptocurrency valued at over $10,000, we recommend using a TREZOR Hardware wallet.
Copium Protocol Investor Pass
The Copium Protocol Investor Pass is an early investor VIP access pass to the entire Copium Protocol ecosystem in the form of an NFT. It entitles the Pass Holder to exclusive real-world benefits, rewards, and opportunities that are only accessible via the pass.
Is the Investor Pass Worth It?
The Investor Pass is definitely worth it. We designed the pass with one goal in mind – to provide Pass Holders the opportunity to substantially grow their initial investment while also supporting an entire ecosystem of products designed to do the same.
What is Copium Coin?
Copium Coin is the native ERC-20 token that powers the entire Copium Protocol ecosystem.
Does Copium Protocol Store or Retain My Staked Funds?
Copium staking is a non-custodial staking platform, meaning that all funds invested via the platform remain the exclusive property of the investor and are the investor’s sole responsibility to keep safe.
Multiple Staking Contracts
You may have as many staking contracts as you require at any one time.
Minimum and Maximum Staking Periods
The minimum staking period for both Copium Protocol Investor Pass holders and non-pass holders is 30 days. The maximum staking period available for Investor Pass holders is 36 months, while the maximum staking period for public users is currently 24 months.
Staking Interest Payment
Upon expiry of the staking contract, you will receive your ROI paid in Copium Coin.
Altering or Cancelling a Staking Contract
Once a staking contract is undertaken, it cannot be altered. Should you need to cancel a current staking contract before the scheduled expiry date of the contract for any reason, you may do so. However, any interest accrued during the staking period up until the date of early cancellation will be forfeited. It’s also not possible to merge multiple staking contracts.
Overall, Copium Protocol is a promising ecosystem for crypto mining investments. However, as with any investment, it’s important to do your research and only invest what you can afford to lose. If you’re interested in exploring more mining options, be sure to check out our list of Bitcoin mining sites. And don’t forget to consider Stormgain as an alternative option for trading and cloud mining.