Cryptionary

Instamine

fastmine

1. definition

A large portion of the maximum supply being mined during the launch of the cryptocurrency, leading to unfair distribution.

Sometimes this is a result of mining difficulty not re-adjusting as designed and miners being able to find blocks and gain block rewards much faster than expected. Other times it is by design to enrich the founders.

1.1

Dash (DASH) underwent an instamine at launch for the first 48 hours. Due to an issue with readjusting difficulty, about 10% of the total supply of Dash was mined within the first 2 days.

* All terms and definitions may update as the Cryptionary improves.

All terms

Dump Dust ERC-20 Token ERC-721 Token Ethereum Ethash Ethereum Virtual Machine Exchange Faucet Fiat Flippening FOMO Fork FUD Genesis Block Halving Hash rate Hodl ICO IEO Instamine JOMO Know Your Customer Lambo Lightning Network Limit order Liquidity Locktime Majority Attack Market Cap Market Order Masternode Maximalist Maximum Supply Mempool Mining Mining Pool Minting Baton Mnemonic Mooning 🌕