Stage 1 Completed, Memhash Stage 2 Been Announced?

Bittime - Stage 1 Memhash was completed, and Stage 2 with the launch of the Hashcash Blockchain was announced. Discover mining details and exciting opportunities for users!

What is Stage 1 Memhash?

Stage 1 Memhash represents the initial stage of the project's roadmap, which focuses on developing the basic infrastructure and launching their first custom blockchain. 

At this stage, Memhash successfully introduced initial mechanisms that support its ecosystem, such as token locking and claiming systems designed to prepare users for the next stage. 

This stage is also the basis for the introduction of Hashcash Blockchain, which will be the core of Stage 2.

What is Stage 2 Memhash?

Stage 2 Memhash is the next step in the development of the project introducing the Hashcash Blockchain. At this stage, users can participate in Hashcash mining by locking up 50% of their $Memhash. 

Stage 2 also offers interesting new mechanisms, such as a prize pool of 50,000 USDT plus 10,000 USDT for every 100 million tokens locked. 

Additionally, the Hashcash Blockchain will launch slightly before or right after the listing, providing additional opportunities for users to profit through mining and liquidity.

Read too Memhash February Listing and 2025 Roadmap

Hashcash Blockchain Launch

Hashcash Blockchain is scheduled to launch slightly before or right after the listing process. 

In this stage, users will be introduced to exciting new mechanics, including a large prize pool and a flexible claims system.

How Mining Works

Claim Participation: Participants can choose to mine or skip it during the claim process.

Token Locking: If choosing to mine, users must lock 50% of their $Memhash.

Improvement: Can only be done using locked tokens.

Reopening: Once mining is complete, all locked tokens will be unlocked in increments of 10% per day.

Mining Details in Stage 2

Hashcash Blockchain has a total supply of around 50,000 Hashcash and is expected to last for 2-3 weeks with a block time of around 1-1.5 minutes. Access to mining is only available prior to claim subject to token locking.

What Happens After Mining?

After one week post-mining, users can exchange Hashcash at a 1:1 ratio for USDT or choose to keep the tokens. After one week, Hashcash will be minted as Jetton and the remaining USDT and buyback tokens will be used as initial liquidity.

Read too How to Buy Tether USDT (USDT)

Conclusion

With the success of Stage 1 and the launch of Stage 2 via the Hashcash Blockchain, Memhash continues to demonstrate its commitment to building an innovative ecosystem for its users. 

With various new features and exciting opportunities in this second phase, users are expected to take full advantage of the potential of the Memhash ecosystem while preparing for the next steps in the project roadmap.

FAQ about Memhash and Hashcash Blockchain

1. What is Stage 1 Memhash?

Stage 1 Memhash is an early stage of development focused on launching the first custom blockchain and introducing basic mechanisms to support the ecosystem.

2. What is Hashcash Blockchain in Stage 2?

Hashcash Blockchain is the second stage that offers mining by locking 50% of $Memhash, as well as a large reward pool for participants.

3. How to participate in Hashcash mining?

To participate, users must lock 50% of their $Memhash during the claim process, and can choose to mine or skip it.

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Reference

X Memhash, @memhash_app, Accessed February 20, 2025

Author: IN