What is Ermine Virtual Mining

Ermine is a Web3 application in the world of decentralized finance (DeFi).

Virtual miners are issued to mine the Ethereum cryptocurrency (Real Yield) or can be involved in staking. You can earn by participating in mining, staking and referral program.

A total of 12 miner models will be released with a fixed total supply.

Each miner model has performance (IPS) and value measured in Ethereum. The more expensive the miner, the more productive it is and its 1 IPS will cost less.

Half of the Ethereum cryptocurrency from the sale of miners will be used in yields smart contracts for algorithmic trading on the DEX. The profit from the operation of the protocol will be distributed among the miners who have connected their miners to Ermine mining pools.

Staking tokens is a process where customers hold their tokens in a wallet and lock them up to participate in the platform’s activities. Users receive a reward for holding their tokens, which helps generate additional income. Ermine offers a staking system that allows investors to stake their ERM tokens and earn money. The team designed staking system to reward users who hold their tokens for a longer period of time, providing incentives for long-term investment.