LFi’s Minting Machines and CloudX Minting Can Help Achieve Your Financial Goals
The ever-changing world of DeFi has bestowed upon LFi a plethora of opportunities to offer a diverse array of decentralized products. Among these is the CloudX Minting service, a system in which users can mint tokens without having to own a physical minting machine. In exchange, they can receive token rewards.
But what exactly is minting?
There are two ways that digital assets such as crypto coins and tokens can be created: mining and minting. Cryptocurrency mining is based on the proof-of-work consensus mechanism. On the other hand, minting hinges on the proof-of-stake principle, which involves extracting tokens from the total supply and transferring them into the circulating supply.
Much like conventional crypto mining, undertaking this procedure with a basic PC or laptop is not enough. Minting needs high-powered hardware with strong computational power and expansive storage capacity.
For this reason, LFi has created five different minting machines with different computational capacities, to match the budget of every user.
Using the Power of the Cloud
For those who might not have the bandwidth to acquire and manage physical minting machines, LFi has offered a convenient solution through CloudX Minting. CloudX Minting is a service wherein hardware can be rented to mint LFi tokens. The crux of the LFi minting protocol revolves around empowering users to mint tokens without the need to acquire costly minting hardware, manually set it up, and maintain its condition.
Through LFi’s CloudX Minting, users can engage in token minting by accessing the opportunity to rent the essential minting hardware, which is placed in a remote location. Via CloudX Minting, users contribute terabytes of data and hash rates to the platform, reaping rewards in the form of LFi tokens in return.
Financial Freedom with LFi
LFi has created various opportunities to achieve financial freedom through minting hardware and CloudX Minting. All you need to do is to grab them.
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