Miner's reward token is a cryptocurrency that is offered as a reward for the miners using the Waves technology. It means that people can earn in other ways apart from the mining activities. They can lease their coins and yet still have control and take a share of the profits as well. The token has MRT as its trading symbol.
MRT algorithms are based on paying an incentive of roughly 1% of the profits to the Waves participants for holding and maintaining the network. Incentives motivate the miners to maintain a robust platform. Waves have a fixed supply of 100 million tokens.
The first source of revenue comes from the transaction fees. Miners receive the network transaction fees that can sum up to a decent figure as the business transactions increase in the Waves network each day. MRT runs on the Proof of Stake which is fast, efficient and a powerful way of high volume trading.
As the waves platform grew popular and the network expanded, the administrators started the MRT tokens. This benefited them in two ways. One of the nodes remained active and were rewarded with the incentive and the authorities managed to maintain the momentum without the necessity to increase the supply of the MRT tokes. Mining nodes receive the rewards every block and splitting by half every 50,000 blocks.
There is nothing specific that the users need to invest on. To become a miner and start cloud mining, a person must hold at least 10,000 Waves. For those who do not have 10,000 waves but are keen to mine can opt for a process called Leased Proof of Stake (LPoS).
There are several miners who do not have the capacity to accumulate 10,000 waves for various reasons. The company offers a process called “Leasing” through which such people can contribute to the project development by giving their tokens on lease to others that are capable to run a node. There is a transaction fee. The original owner is still in control as the tokens are still with them in their wallets.
With a market cap of 1,000,000 Waves values at around 4 billion USD, MRP promises to be a highly potential speculation for the investors. It is quite affordable now and investors can expect an upward surge soon.
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