MINA
Mina Protocol
MINA

Mina Protocol price

in BRL
R$0.85157
-R$0.04111 (-4.61%)
BRL
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Market cap
R$1.07B
Circulating supply
1.25B / 1.25B
All-time high
R$51.25
24h volume
R$44.60M
3.2 / 5
MINAMINA
BRLBRL

About Mina Protocol

MINA is the native cryptocurrency of Mina Protocol, a blockchain designed to be lightweight and accessible. Unlike traditional blockchains that grow heavier over time, Mina stays a fixed size—about the size of a few tweets—thanks to its innovative use of zero-knowledge proofs (zk-SNARKs). This technology allows the network to verify transactions securely without requiring users to download the entire blockchain, making it more efficient and user-friendly. Mina’s primary use case revolves around enabling privacy-preserving applications and decentralized finance (DeFi) solutions. Developers can build zkApps (zero-knowledge apps) that leverage Mina’s compact blockchain to create scalable and private digital services. The protocol is also exploring ways to combat misinformation in the age of AI by providing cryptographic proof of authenticity for online content. For newcomers, Mina offers a unique approach to blockchain technology, focusing on simplicity, security, and real-world utility. Its lightweight design and cutting-edge cryptography make it a standout project in the crypto space.
AI insights
Layer 1
Official website
White Paper
Github
Block explorer
CertiK
Last audit: Apr 19, 2021, (UTC+8)

Disclaimer

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Mina Protocol’s price performance

Past year
-71.05%
R$2.94
3 months
-4.95%
R$0.90
30 days
-9.43%
R$0.94
7 days
-16.85%
R$1.02

Mina Protocol on socials

o1Labs (httpz)
o1Labs (httpz)
Can’t wait for next week! 🔥 Nori testnet!
nori
nori
📢 Announcing Plankton – Nori’s first testnet event 📅 30 Sept ⚠️ This is not a full public testnet. It’s an early experiment to validate ETH → Mina bridging.
Gallery 1
2.62K
35
bololck
bololck
I'm sorry to my friends who invested in $mina because of me.
376
1
Tony Vi
Tony Vi
Day 324 -- BTC to 200k ETH to 15k SOL to 1k SEI to 10$ BERA to 50$ MINA to 100$ KDA to 100$ #btc #eth #sol #sei #BERA #kda #MINA #alcoinseason
5.76K
4
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Mina Protocol FAQ

Mina Protocol achieves a constant blockchain size through the utilization of zk-SNARKs, a type of zero-knowledge proof cryptography. Validators within the network generate zk-SNARK proofs for each new block, succinctly representing the entire blockchain's state. This approach allows Mina to retain a fixed blockchain size, regardless of the volume of transactions, by efficiently encoding the data in a compact proof.

Snapps, short for SNARK-powered applications, represent a distinctive feature of the Mina Protocol. These applications empower developers to build dApps that are private, lightweight, and verifiable. Snapps have the capability to interact with various websites while enabling confidential access to real-world data. This innovation expands the possibilities for creating privacy-preserving and efficient decentralized applications.

Easily buy MINA tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include MINA/USDT and MINA/USDC.

You can also buy MINA with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for MINA with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into MINA, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Mina Protocol is worth R$0.85157. For answers and insight into Mina Protocol's price action, you're in the right place. Explore the latest Mina Protocol charts and trade responsibly with OKX.
Cryptocurrencies, such as Mina Protocol, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Mina Protocol have been created as well.
Check out our Mina Protocol price prediction page to forecast future prices and determine your price targets.

Dive deeper into Mina Protocol

In the ever-evolving cryptocurrency landscape, the volume of data stored within blockchains is rapidly expanding. As individual blockchains grow, they amass an increasing number of transactions, which can pose challenges for certain projects seeking seamless scalability. Mina Protocol (Mina) is at the forefront of tackling this issue. Through its innovative consensus mechanism and efficient data processing capabilities, Mina is pioneering a path for widespread blockchain adoption.

What is Mina

Mina is a lightweight blockchain protocol designed to minimize storage requirements and maximize accessibility. Utilizing zk-SNARKs technology, Mina compresses its entire blockchain into a fixed size of approximately 22 kilobytes, often called a “succinct blockchain.”

Using zk-SNARKS, Mina has developed a payment-orientated blockchain that doesn’t require each node to record the complete record of historical transactions. This essentially lowers the computational requirements needed to support the network.

Additionally, Mina allows its users to access money from anywhere in the world. Thanks to their 22kb Mina chain, users can access peer-to-peer (P2P) stablecoins and tokens through a smartphone, enabling Mina users to enjoy the platform wherever they go.

The Mina team

Mina is developed by O (1) Labs, a team of experienced engineers, researchers, and entrepreneurs dedicated to creating innovative blockchain solutions. Evan Shapiro, the CEO and co-founder, leads the team along with CTO and co-founder Izaak Meckler.

How does Mina work

Mina relies on the zk-SNARKs technology, a form of zero-knowledge proof cryptography, to maintain a constant-sized blockchain. The protocol allows users to confirm they have certain data without revealing it to each other. For Mina specifically, it means the network does not have to verify a transaction with every block it creates. This ultimately reduces the amount of computational power required and increases the efficiency of the protocol.

Validators create and verify zk-SNARK proofs, which represent the current state of the blockchain, while stakers support the network’s security by delegating their MINA tokens to validators.

Mina Protocol’s native token: MINA

MINA is the native cryptocurrency of the Mina Protocol. It facilitates transactions, staking, and network governance.

MINA tokenomics

The maximum supply of MINA tokens is set at 3.79 billion. MINA tokens are distributed through various channels, including the initial token sale, community grants, the Mina Foundation, and team allocations. The token is vital for securing the network and incentivizing user participation.

Mina use cases

Mina allows developers to build decentralized applications (dApps) on the blockchain, ranging from financial services to games and social media platforms. Furthermore, through Mina’s Snapps (SNARK-powered apps), developers can create applications that interact with real-world data securely.

With Mina’s zero-knowledge proof method, users can validate transactions without revealing the associated information, ensuring privacy. To enhance user privacy even more, participants can leverage Mina to prove the authenticity of critical data without storing the actual data on the blockchain.

MINA distribution

MINA is distributed through various means, including:

  • 1.89 billion MINA tokens were sold in an initial token sale.
  • 1 billion MINA tokens were allocated to community grants, which will be used to support projects and initiatives that help the Mina ecosystem grow.
  • 500 million MINA tokens were allocated to the Mina Foundation, a non-profit organization responsible for overseeing the development and maintenance of the Mina protocol.
  • 200 million MINA tokens were allocated to the team that developed the protocol.

Mina’s road ahead

Mina is focused on building a more accessible and equitable internet. The team plans to continue refining its succinct blockchain technology and foster its vibrant community. Mina’s roadmap includes enhancing the development of Snapps, bolstering the robustness of the network, and forging strategic partnerships to expand Mina’s utility and ecosystem.

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Mina
Consensus Mechanism
Mina is present on the following networks: Ethereum, Mina. The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency. Mina operates on a unique Proof-of-Stake (PoS) consensus protocol called Ouroboros Samasika, which is adapted to work with Mina’s succinct blockchain structure. This innovative approach enables Mina to maintain a lightweight and efficient blockchain while ensuring security and decentralization. Core Components of Mina’s Consensus: 1. Ouroboros Samasika PoS Protocol: Adaptation of Cardano’s Ouroboros: Mina’s PoS mechanism, Ouroboros Samasika, is a modified version of Cardano's Ouroboros PoS. It has been specifically optimized for Mina's succinct blockchain model, which requires minimal data storage for validating the entire chain. 2. Succinct Blockchain (Constant Size): 22 KB Fixed Size: Unlike traditional blockchains, Mina maintains a minimal, fixed-size blockchain of around 22 KB. It achieves this through the use of recursive zero-knowledge proofs (zk-SNARKs), which compress the entire blockchain into a single, verifiable proof that any node can validate. Efficient Verification: This succinct structure allows Mina to operate efficiently without requiring nodes to store vast amounts of historical data. Instead, each node validates the chain by verifying a concise zk-SNARK proof, maintaining security and scalability. 3. Leader Election with Verifiable Random Function (VRF): Randomized Validator Selection: Mina’s leader election process is conducted through a Verifiable Random Function (VRF), which randomly selects validators to produce blocks based on their stake. This randomization enhances security, prevents manipulation, and ensures a decentralized network. 4. Fork Resolution: Longest-Chain Rule: Mina employs a longest-chain rule with Ouroboros Samasika. The chain with the most accumulated proof-of-stake work is considered the valid chain. However, due to zk-SNARKs, Mina reduces the chain data required to verify the blockchain, making fork resolution more efficient.
Incentive Mechanisms and Applicable Fees
Mina is present on the following networks: Ethereum, Mina. The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity. Mina incentivizes participants through block rewards, transaction fees, and a unique role called Snarkers to support network security, stability, and the succinct blockchain model. Incentive Mechanisms: 1. Block Rewards for Validators (Block Producers): Incentivizing Security and Block Production: Validators, known as block producers, earn block rewards for successfully producing blocks. These rewards provide an incentive for users to stake their tokens and contribute to network security and block production. Inflationary Model: Mina has an inflationary token supply, where new tokens are minted as block rewards. This inflation rate is designed to decrease over time to reach a stable token supply, balancing incentives with long-term sustainability. 2. Transaction Fees: Ongoing Rewards: Validators also earn transaction fees from the transactions included in each block, providing a continuous reward mechanism that grows as network usage increases. Dynamic Fees During Congestion: Although Mina’s transaction fees are generally flat, they can increase during times of high network demand. Validators can set higher fees to prioritize transactions, ensuring efficient block production during peak periods. 3. Incentives for Snarkers (Proof Generators): Role of Snarkers: Mina introduces Snarkers (or Snark Workers), a unique role in the network responsible for generating zk-SNARKs to verify the blockchain’s state. These zk-SNARK proofs are essential for maintaining Mina’s succinct structure. Compensation by Block Producers: Block producers pay Snarkers for their zk-SNARK proofs, creating a decentralized market for proof generation. This setup incentivizes individuals to produce these essential proofs, decentralizing the proof-generation process and supporting network functionality. Applicable Fees: Flat Transaction Fees with Dynamic Adjustments: Mina’s transaction fees are typically flat, making the network accessible and predictable for users. However, during periods of network congestion, validators may set higher fees to prioritize transactions with higher fees, ensuring that critical transactions can be processed quickly.
Beginning of the period to which the disclosure relates
2024-09-24
End of the period to which the disclosure relates
2025-09-24
Energy report
Energy consumption
92768.40000 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: For the calculation of energy consumptions, the so called 'bottom-up' approach is being used. The nodes are considered to be the central factor for the energy consumption of the network. These assumptions are made on the basis of empirical findings through the use of public information sites, open-source crawlers and crawlers developed in-house. The main determinants for estimating the hardware used within the network are the requirements for operating the client software. The energy consumption of the hardware devices was measured in certified test laboratories. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts. To determine the energy consumption of a token, the energy consumption of the network(s) ethereum is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
R$1.07B
Circulating supply
1.25B / 1.25B
All-time high
R$51.25
24h volume
R$44.60M
3.2 / 5
MINAMINA
BRLBRL
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