Minutes Network Token (MNTX)
Rank #1483
Market snapshot
- Price
- N/A
- Market cap
- N/A
- 24h volume
- N/A
- Circulating supply
- N/A
- Total supply
- N/A
- Max supply
- N/A
What is Minutes Network Token?
Minutes Network Token serves as the utility token within the Minutes Network, facilitating the security of its infrastructure and supporting staking mechanisms. The network focuses on voice traffic processing and validation, operating through a decentralized model that enhances telecommunications services globally.
How Minutes Network Token works
Minutes Network functions through a decentralized architecture comprising 3,000 infrastructure nodes, including 500 Switch Nodes and 2,500 Validation Nodes. Switch Nodes are responsible for routing and processing voice traffic, while Validation Nodes monitor network performance and call quality. Nodes earn rewards for their contributions to network operation, validation, and security. MNTx is staked to secure both types of nodes, and up to 70% of the DePIN service fees are allocated to node operators and stakers. Users can stake directly to their owned nodes or delegate their MNTx through a Public Validation Node.
Key information
- Symbol
- MNTX
- CMC rank
- #1483
- Network / platforms
Ethereum
- Categories
- N/A
- Date added
- Apr 23, 2025
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0x5C697fee285B513711A816018DBb34DC0cFC4875
Key characteristics
The Minutes Network is built on the Ethereum blockchain, ensuring compatibility with its ecosystem. Users can engage with the network through staking, contributing to node operations, and accessing network data via the Minutes Network Token X Explorer. The network's structure allows for number of nodes, enhancing its operational capacity.
Documented uses
MNTx is utilized to secure the network's infrastructure, support staking activities, and distribute rewards generated from real-world network activities.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Minutes Network Token (MNTX)?
- Minutes Network Token (MNTX) is the utility token for the Minutes Network, a decentralized voice carrier network that modernizes global wholesale telecommunications.
- How does the Minutes Network operate?
- The Minutes Network operates through 3,000 infrastructure nodes, including Switch Nodes that route voice traffic and Validation Nodes that monitor network performance. Nodes earn rewards for their contributions.
- What are the technical characteristics of Minutes Network Token?
- Minutes Network Token is built on the Ethereum blockchain, allowing for decentralized operations and staking mechanisms to secure its infrastructure.
- What are the risks associated with transferring Minutes Network Token?
- Users should ensure secure handling of private keys, verify contract addresses, and be aware of the volatility of digital asset prices.
- Where can I find official resources for Minutes Network Token?
- Official resources for Minutes Network Token can be found on its website and through its whitepaper, which provide detailed information about the project.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
