The world’s lightest blockchain, creating a private gateway between the real world and crypto
Content on this page was provided by the Mina team
Blockchains are heavy.
Developers and users struggle to directly access blockchains without intermediaries — forgoing the entire purpose of blockchain in the first place.
Mina is light.
Mina has a fixed size of 22kb. Developers and users can directly and quickly access and verify Mina — making Mina one of the most secure and trustless blockchains.
Blockchains don’t interact with the internet.
That means real world information is off limits to blockchain applications, limiting their scope and utility.
Mina privately interacts with any website.
Anyone can use real world data in computing and decision-making to change the way we live and work — without ever compromising privacy.
Powerful players demand user data.
Users have no control and no alternative to handing their data over in exchange for participation in the modern world.
Mina keeps users in control of their data.
Users can prove facts about their data without ever disclosing specifics — even to those counterparties who are requesting it.
Mina Protocol
The world’s lightest blockchain, powered by participants.
• The entire chain is and always will be about 22kb — even as it scales
• Every user is a full node and can connect peer-to-peer
• Anyone can take part in consensus
• Truly decentralized, secure and trustless — with no need for intermediaries
Mina Applications
Home to Snapps — a new kind of decentralized app, powered by zk-SNARKs — Snapps.
• Unprecedented privacy by validating and sharing proofs with the network — rather than the data itself
• Can access verified real world data from any website for use on-chain
• Can connect to other cryptocurrencies via simple full-node security-level bridges
• Off-chain data and logic make large compute fast and cheap
Private Access to Internet Services
Users can access critical online and on-chain services from any website without sharing their personal data. Instead, they use Mina to prove that they meet important requirements. No need for a trusted enclave that can be compromised.
For example, via a Snapp built in partnership with Teller Finance a user can prove that their credit score is above 700, according to a trusted source (like Credit Karma). Not even the counterparty requesting the credit score would see the user’s actual score, and there’s no need for the user to share their social security number.
How? A Snapp connects to any website, produces a proof (e.g., passing the credit threshold) and shares that proof with the Mina network — not the actual data.
Status: In Use
Permissionless Web Oracles
With Mina’s Snapps, developers can use private, verified, real-world data from any website to build decentralized apps. They can access any information that is publicly available on the web (without needing that website’s permission). And they can access, use and protect sensitive information by only inputting the relevant proofs into their applications. No need for trusted oracles or custom website integrations.
For example, this would enable a user to send a payment transaction to their friend, triggering a smart contract to release Bitcoin to the user’s address. Or if a Tweet reaches a specific number of likes, it triggers a smart contract to mint an NFT.
How? Snapps interact with HTTPS to create proofs verifying that the data was on the site’s server at a specific time.
Status: In Development
One Private Internet Login
Users can access any internet website or service privately — without creating an
account and handing over their personal data. Instead, they login securely with Mina. No centralized service provider can block them. And developers across chains can integrate this private, secure option into their services.
How? Users create Snapp-based login accounts on Mina using their email. The Snapp proves that the user owns the underlying email address — without ever revealing it.
Status: In Development
| Community Sale | Uncapped Sale | |
| Asset | MINA tokens | MINA tokens |
| Supply for Sale | Up to 75,000,000 tokens | Unsold tokens remaining from the 75,000,000 tokens that were available during the Community Sale |
| Sale Period | April 13, 2021 14:00 — April 14, 2021 23:59 UTC | April 16, 2021 14:00 — April 18, 2021 23:59 UTC |
| Fixed Sale Price | $0.25 per token | $0.25 per token |
| Purchase Limits |
$50 min
$500 max ** |
$50 min
Uncapped max |
| Funding Methods | USDT, USDC, ETH, BTC | USDT, USDC, ETH, BTC |
| Lockup and Release | Tokens unlock May 31, 2021 | 24 month linear release (tokens begin unlocking May 31, 2021, monthly release thereafter) |
| Excluded Participants | Residents of the US, Canada, China, and CoinList’s unsupported jurisdictions | Residents of the US, Canada, China, and CoinList’s unsupported jurisdictions |
* Uncapped sale registration will open only after the Community Sale closes and if there remains available tokens for sale
** The maximium purchase size has been reduced from $1,000 to $500. Find more information here
O(1) Labs, the team that incubated Mina, has raised $29.4m to date since 2018 in three rounds. In addition to each round’s unlocking schedule, these backers have restricted token transferability until May 31, 2021 (the same as CoinList purchasers during the Community Sale):
$3.5m in equity raised
At $0.07 per token,
unlocking over 18 months
$15m in equity raised
At $0.15 per token,
unlocking over 18 months
$10.9m in equity raised
At mix of $0.15 per token,
unlocking over 18 months
(52% of round)
and $0.25 per token, unlocking with Community Sale
(48% of round)
MINA is the native token of the network. It is used for to pay block producer and SNARK producer fees
MINA is used to stake in the proof-of-stake consensus algorithm, earning a reward in Mina tokens
MINA's initial distribution is 1,000,000,000 tokens, and grows at a rate of 12% in the first year
MINA's token supply gradually unlocks over 8 years, as can be seen in the supply chart below
More information can be found in the Mina Token Distribution & Supply article, and in the Economics and Monetary Policy Whitepaper.
Supercharged RewardsA higher staking ratio (percentage of tokens staked to run consensus) improves the Mina chain’s decentralization and performance. In order to encourage a high staking ratio, purchasers in the CoinList sale will have access to “Supercharged Rewards” when they stake their tokens, a higher reward than the regular staking reward.
| Months From Launch | Supercharged Reward Target * |
| 0—5 | 24% |
| 6—8 | 21% |
| 9—11 | 18% |
| 12—14 | 15% |
* Supercharged Reward targets shown are inclusive of regular block reward targets (12% in first year)
(* Allocations and % above are based on anticipated amounts and actual amount may differ due to network conditions, and proposals put forward by the Mina Foundation)
Mina has one of the largest and most active communities of any project launched in the last two years.
4,600+
Unique Testnet Participants
100+
Countries Represented
660+
Genesis Founding Members
70+
GitHub Contributors
100,000+
Social Media Followers
Over 40 token grants have been given to developers and community members who are building specific tooling and functionality on the Mina network, including:
• DSRV Labs for their Node Operator Dashboard
• Figment Networks for their Data Hub and Hubble suites
• Chainsafe for their work on improving Mina’s networking stack
• Gauntlet for their economic assessment of Mina’s consensus stack
• BitCat for their work on easy to use wallets for Mina users
• ...and many other individuals and companies
Zero knowledge proofs Mina uses the power of cutting-edge cryptographic techniques called zero knowledge proofs (or zk-SNARKs). Zero knowledge proofs dramatically reduce the amount of data each user needs to download to interact with the blockchain. Instead of verifying the entire chain from the beginning of time, participants fully verify the network and transactions using recursive zero knowledge proofs. Nodes can then store just this proof, as opposed to the entire chain.
Recursiveness When each new block in the Mina network is created, a new zero knowledge proof is created. This proof also includes the proof from the previous state of the blockchain, which itself includes a proof of the state of the blockchain before that, and so on and so on. By using this property of recursion, these proofs can contain an infinite amount of information, while keeping the proof the same size.
Proof of stake Mina uses a proof of stake consensus mechanism derived from the Ouroboros Praos protocol, extended and modified slightly for Mina’s succinct blockchain, called Ouroboros Samasika. There is no cap on the number of block producers, no minimum stake requirement, and no slashing, allowing for Mina’s uniquely decentralized blockchain.
Snarketplace Mina has a built in peer-to-peer marketplace for the buying and selling of snark proofs. Snark workers keep the blockchain at the fixed 22kb size by producing snark proofs. Block producers use their block rewards to purchase snark work from snark workers. The incentives are purely peer-to-peer, and dynamically established in a public marketplace, aka the snarketplace.
Snapps (SNARK-powered applications) Snapps are a new kind of decentralized app, powered by SNARKs. Snapps provide unprecedented privacy by validating and sharing proofs with the network — rather than the data itself. Snapps can access verified real world data from any website for use on-chain. They do this by interacting with HTTPS to create proofs which verify that the data was on the site’s server at a specific time. These proofs are then shared with the Mina network. Snapps can also connect to other cryptocurrencies via simple full-node security-level bridges. And they can also utilize off-chain data and logic, making large computations fast and cheap.
O(1) Labs is the team that has been incubating the Mina protocol. O(1) Labs’ mission is to use cryptography and cryptocurrency to build computing systems that put people back in control of their digital lives. After mainnet launch, O(1) Labs will continue to provide technical assistance to and support the development of the Mina Protocol.
The O(1) Labs team consists of world class cryptographers, engineers, PhDs, and entrepreneurs who’ve helped bring products to market for hundreds of millions of users. The O(1) Labs team are alumni of many of the world’s leading organizations, including Coinbase, Microsoft, Intel, SoFi, Goldman Sachs, UC Berkeley, Carnegie Mellon University, Columbia University, Harvard University, and Stanford University.
Evan Shapiro
CEO & Co-Founder
O(1) Labs
Evan Shapiro graduated from Carnegie Mellon University with a BS in computer science. He then obtained his research MS while working in the CMU Personal Robotics Lab, where he did research for the HERB robotics platform. He has also worked as a software engineer for Mozilla.
Izaak Meckler
CTO & Co-Founder
O(1) Labs
Izaak Meckler is a mathematician and computer scientist. Most recently, he was a PhD student studying cryptography at UC Berkeley. Prior to that, he worked as a software engineer at trading firm Jane Street, and has contributed to numerous open source projects including the Elm compiler.
After mainnet launch, stewardship of the Mina Protocol will be passed on to the Mina Foundation, a non-profit foundation company. The Foundation’s mission will be to advance the adoption of the Mina Protocol, fund protocol and ecosystem development, and shepherd the governance of Mina.
Mina tokens are offered for sale only outside of the United States to Non-U.S. Persons, as defined by Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act"). The offer and sale of Mina tokens are not registered under the Securities Act and are not offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act. Any information contained on this page that are "forward-looking statements" are based on expectations, estimates and projections at the time the statements are made and involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Neither Mina nor CoinList can provide any guarantee or certainty with respect to any forward-looking statement.