Meaning of instamine | Babel Free

Definitions

An event where a cryptocurrency is released but most of the currency is quickly mined by a only few miners.

Equivalents

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