coin when a large portion of its <strong>total</strong> mineable assets are mined. This may lead to a fast and uneven coin distribution between investors.</p>\n<p>If a cryptocurrency experiences an instamine period, it means that a large amount of the asset was available early after launch, when the chances of investors being interested in the project were higher. The process typically means that the supply of cryptocurrencies is significantly greater and <strong>available at a lower price</strong>.</p>\n<p>Instamining may be done deliberately, although in some cases it occurs accidentally and is caused by issues related to the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">
mining algorithm.</p>\n<p>New <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">
cryptocurrencies may offer numerous special features and benefits to stand out during their launch and attract the investors’ attention. One of such features can be setting up an easy way to mine new coins. Some cryptocurrencies opt to <strong>determine an initial instamining period</strong> to pique the investors’ interest in the digital asset.</p>\n<p>Despite some similarities, instamining is not synonymous with <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-pre-mining/">
pre-mining, a process when some or all of the supply is generated before the public launch of a cryptocurrency.</p>\n<p>Some market analysts believe that instamining has ties to fraudulent activity. Others think that <strong>implementing such strategies upon coin launch creates unfair competition</strong>, particularly if a significant amount of the tokens is bought by one big group and resold at a much lower price.</p>\n<p>When the open-source cryptocurrency Dash launched in 2014, the <strong>algorithm</strong> responsible for the mining difficulty adjustments malfunctioned. This caused roughly 2 million coins, about 15% of the total supply, to be issued to investors in just <strong>two days </strong>after the initial launch. </p>\n<p>Although Dash did not experience massive negative consequences as the coins were sold at very low prices, in many cases, instamining can be detrimental to new cryptocurrencies.</p>","level":"medium","meta_title":"What is Instamine? 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Cryptocurrencies?","featured_image_id":10342,"status":"published","chapter_id":7,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/where-to-trade-crypto","featured_image":{"id":10342,"uuid":"0bd8d78a-9423-48ee-9161-34dc1872b97c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","path":"crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","original_path":"crypto/storage/original/where-to-trade-crypto-featured-image.jpg","name":"where-to-trade-crypto-featured-image.jpg","original_name":"where-to-trade-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"85.96KB"},"youtube_video":null},{"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You 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Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main 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Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your 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Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto 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Traditionally, information is stored on web servers with a specific location.</p>\n<p>Blockchain-like structure means that IPFS works in the same way as a blockchain-based network of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">
nodes does, where all data is exchanged and distributed through the nearest possible source. Thus, IPFS enables users to access content from the nearest available peer results in increased speed of access and information security.</p>\n<p>For instance, if you want to visit a Wikipedia page, traditionally you would type in an <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Hypertext_Transfer_Protocol/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>HTTP address</strong></a> in a web browser which would forward you to a page hosted on one of Wikipedia’s servers. If you want to visit the same page through IPFS Gateway, you would be forwarded to that page through the nearest computer that recently accessed it.</p>\n<p>One of the main benefits of IPFS is that <strong>it relies on content addressing to recall relevant information</strong> rather than accessing it through a specific location as it is with traditional file systems.</p>\n<p>To put it simply, imagine that you go to a library and ask for a book by its title – this would be like content addressing. However, if you go to a library and ask for a book that’s located on the 5th row of aisle 9, it would be like location-based searching. Thus, <strong>IPFS relies on relevant content keywords</strong> to search for information rather than a specific location it is stored in.</p>\n<p>Because of its versatility and security, IPFS is quickly becoming the industry standard in blockchain projects. IPFS has become an important tool for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">
non-fungible token (NFT)</strong></a> marketplaces to store information about the items they publish.</p>","level":"easy","meta_title":"What is InterPlanetary File System (IPFS)? Definition & Meaning | Crypto Wiki","meta_description":"InterPlanetary File System (IPFS) meaning: InterPlanetary File System (IPFS) - a peer-to-peer distributed file system that relies on a blockchain-like structure to store and share information.","meta_keywords":null,"language":"en","created_at":"2022-03-18T07:32:20.000000Z","updated_at":"2023-02-27T09:45:44.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-interplanetary-file-system-ipfs"},"prevSection":{"id":422,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Initial Farm Offering (IFO)?","slug":"what-is-initial-farm-offering-ifo","section":"I","keyword":"Initial Farm Offering (IFO)","status":"published","definition":"a decentralized finance fundraising model of raising capital via the farming feature.","content":"<p><strong>Initial Farm Offering (IFO)</strong> is a fundraising model for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">decentralized finance (DeFi)</strong></a> projects to raise <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-capital/">capital using the farming feature. IFO acts as a successor to the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">initial coin offering (ICO)</strong></a> fundraising model, which is used to garner financial support for cryptocurrency development.</p>\n<p>Investors participate in pre-sale events hosted by <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-exchange-dex/">decentralized exchange platforms (DEXs)</strong></strong></a> and raise capital for projects by investing in their native tokens. DEX teams carefully vet all potential participants and present a list with project proposals for the investors’ convenience.</p>\n<p>The tokens acquired via an IFO campaign are in no way more advantageous than the ones raised using other fundraising models. Although the exchange platforms carefully audit each project, the token value may be affected by fluctuating market conditions.</p>\n<p>Most IFO campaigns are hosted on PancakeSwap. The users of this platform are able to receive rewards from the fundraising campaigns. Project owners can benefit from the platform’s liquidity pool. Most of the tokens presented during IFOs are community-driven and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralization/">decentralized./nThere are two types of IFO campaigns:</p>\n<ul>\n<li><strong>Basic sale</strong>: investors can stake a limited number of tokens without paying a participation fee;</li>\n<li>Unlimited sale: investors pay a predetermined fee and stake as many tokens are they are able to.</li>\n</ul>\n<p>Users that wish to participate in an IFO campaign must first register on a DEX platform that hosts such projects. They then <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-staking/">stake their tokens to participate in the IFO. Users are required to provide <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity/">liquidity for the farming process and are rewarded with tokens at the end.</p>\n<p>Some of the benefits to an IFO campaign include:</p>\n<ul>\n<li>There is no intermediary involved in the process. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-peer-to-peer-p2p/">Peer-to-peer (P2P)</strong></a> transactions are enabled, which saves money;</li>\n<li>IFO helps users maximize the benefits of using a DEX platform to trade and invest;</li>\n<li>All transactions are transparent thanks to the decentralization;</li>\n<li>Users are guaranteed access to instant liquidity.</li>\n</ul>\n<p>Investors are recommended to do their own research regarding the projects in the fundraising events. IFO campaigns are common among crypto newcomers who are looking into ways to quickly make profit. They can also serve as an opportunity to build a crypto portfolio and generate extra income.</p>\n<p>ICOs and other fundraising models that were developed prior to IFOs relied heavily on investments from venture capitals. Such project fundings take longer and the gains cannot be reliably determined. The increasing amount of DeFi projects submitted for funding may lead to IFOs growing in popularity.</p>","level":"medium","meta_title":"What is Initial Farm Offering (IFO)? Definition & Meaning | Crypto Wiki","meta_description":"Initial Farm Offering (IFO) meaning: Initial Farm Offering (IFO) - a decentralized finance fundraising model of raising capital via the farming feature.","meta_keywords":null,"language":"en","created_at":"2022-03-18T07:25:45.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-initial-farm-offering-ifo"},"currentChapter":"I","currentSection":"what-is-instamine","chapterTitle":"I","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-instamine","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter I
What is Instamine?
Instamine MEANING:
Instamine -
a short time period after a coin launch when a large portion of its total supply is distributed to investors.
Let's find out Instamine meaning, definition in crypto,
what is Instamine,
and all other detailed facts.
Instamine is a short period of time right after the launch of a new coin when a large portion of its total mineable assets are mined. This may lead to a fast and uneven coin distribution between investors.
If a cryptocurrency experiences an instamine period, it means that a large amount of the asset was available early after launch, when the chances of investors being interested in the project were higher. The process typically means that the supply of cryptocurrencies is significantly greater and available at a lower price.
Instamining may be done deliberately, although in some cases it occurs accidentally and is caused by issues related to the mining algorithm.
New cryptocurrencies may offer numerous special features and benefits to stand out during their launch and attract the investors’ attention. One of such features can be setting up an easy way to mine new coins. Some cryptocurrencies opt to determine an initial instamining period to pique the investors’ interest in the digital asset.
Despite some similarities, instamining is not synonymous with pre-mining, a process when some or all of the supply is generated before the public launch of a cryptocurrency.
Some market analysts believe that instamining has ties to fraudulent activity. Others think that implementing such strategies upon coin launch creates unfair competition, particularly if a significant amount of the tokens is bought by one big group and resold at a much lower price.
When the open-source cryptocurrency Dash launched in 2014, the algorithm responsible for the mining difficulty adjustments malfunctioned. This caused roughly 2 million coins, about 15% of the total supply, to be issued to investors in just two days after the initial launch.
Although Dash did not experience massive negative consequences as the coins were sold at very low prices, in many cases, instamining can be detrimental to new cryptocurrencies.
