The Crypto Roundup: 09 May 2024 | CryptoCompare.com

Meet Minutes Network Token (MNT) is a new cryptocurrency initiative aiming to disrupt the traditional telecommunications industry, with echoes of the early days of Bitcoin (BTC).

Leveraging the massive $251 billion annual international calling market, Minutes Network leverages blockchain technology to create a “sharing economy” for telecommunications with the MNT tokens incentivizing participation in the network by rewarding node operators with a share of profits.

The network itself is built on a foundation of 500 Switch Nodes and 2,500 Validation Nodes, capable of handling a staggering 72 million minutes of daily call traffic. These nodes generate revenue by offering competitive termination rates to major carriers, facilitated by partnerships with third-party mobile applications.

Minutes Network boasts an ambitious user acquisition plan, targeting 1.2 billion users within the next two years, with an eye on a potential user base exceeding 2 billion. This projected user growth is expected to translate into significant revenue streams.

The company emphasizes a commitment to community rewards. All net profits are converted into MNT and distributed, with node operators receiving a substantial portion (60%) of monthly generated rewards.

With a limited number of nodes still available for public purchase, Minutes Network aims to capitalize on a perceived market opportunity. However, potential investors are advised to conduct thorough due diligence before making any investment decisions.

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