Instamine

Instamine refers to the process of distributing a large portion of a coin’s total supply to investors right after its launch. Instamining is done within a very constrained time frame, which often results in an uneven distribution of coins among the investors.

The process of instamining often leads to a significant increase within the supply of the said cryptocurrency at a lower price. While the majority of the instamining are thoughtful, deliberate decisions, it can also occur due to imperfect mining algorithms.

There are several cryptocurrencies that exploded, taking the approach of instamining to lure investors at an earlier stage of the project. Although sharing some similarities, instamining is still different from the process of pre-mining.