instamine
Definitions
An event where a cryptocurrency is released but most of the currency is quickly mined by a only few miners.
Equivalents
Françaisinstaminé
Examples
“An instamine can act the same way as a premine, where the developers get⟳ the majority of the initial coins, if the developers operate⟳ a large percentage of the mining horsepower during the instamine. […] The argument for premines and instamines is that they rightfully reward⟳ the people who were instrumental in the early success of the currency.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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