Event Timeline
About Mina
Mina Protocol is a Layer 1 blockchain that stays a constant ~22 KB in size , no matter how many transactions it processes by using recursive zk-SNARK proofs instead of a growing ledger. This lets anyone verify the entire chain from a lightweight device, and enables "zkApps," privacy-preserving smart contracts written in TypeScript. Built by O(1) Labs and supported by the Mina Foundation, it launched mainnet in March 2021. MINA is the network's staking and gas token.
Mina is a Layer 1 that stays a constant ~22 KB using recursive zk-SNARK proofs, launched at mainnet on March 23, 2021 with a genesis supply of ~805.4M MINA. Crucially, MINA is inflationary with no supply cap (block rewards start near ~12% annually, trending toward ~7%), so total supply keeps growing over time. Genesis distribution: 42.3% Community (340.7M genesis members, the CoinList community sale, grants, and supercharged rewards), 23.6% Core Contributors / o1Labs (190.1M), 20.5% Backers/Investors (165.1M, spread across 46 institutions each capped at 3.3%), 7.5% o1Labs Endowment (60.4M), and 6% Mina Foundation (48.3M).
How the Mina Protocol airdrop worked
Get a wallet
Acquire MINA
Stake or delegate
Explore zkApps
Was the Mina airdrop worth it?
- There was no real airdrop. Mina launched via a paid CoinList community sale and a Genesis grant program for early block producers, not a free retroactive claim, so there was nothing to "farm."
- Early sale buyers saw a brief spike, then a long slide. MINA hit ~$9 in June 2021 shortly after launch, but has trended down heavily since; gains were only realized by those who sold early.
- Inflation works against holders. With no supply cap and ongoing block-reward emissions, MINA's circulating supply keeps expanding ,a structural headwind that staking rewards only partly offset. List it as a zk Layer 1, not an airdrop opportunity.
This airdrop has concluded. It is kept for research rather than participation.
