They recently raised over $15 million and launched the mainnet in late March 2021.

Individual tokens on the network will be called Mina.

The initial supply of Mina will be 1 billion.

There will be 3 types of roles within the Mina network, Verifiers, Block Producers and Snarkers.

Mina Protocol claims to be the world’s lightest blockchain, powered by participants.

By design, the entire Mina blockchain is about 22kb1 – the size of a couple of tweets. So participants can quickly sync and verify the network.

With Mina, anyone who’s syncing the chain is also validating transactions like a full node. Mina’s design means any participant can take part in proof-of-stake consensus, have access to strong censorship-resistance and secure the blockchain.

Mina enables an entirely new category of applications—Snapps. These SNARK-powered decentralized apps are optimized for efficiency, privacy and scalability. Logic and data are computed off-chain, then verified on-chain by the end user’s device. And information is validated without disclosing specifics, so people stay in control of their personal data.

The team behind Mina is O(1) Labs lead by CEO Evan Shapiro and CTO Izaak Meckler, and they have over 20 employees and counting.

Some other core team members include the following:

• Claire Arthurs Kart – VP of Marketing & Community at O(1) Labs
• Joon Kim – General Counsel at O(1) Labs
• Emre Tekişalp – VP of Business Development and Operations at O(1) Labs
• Andrew T. – Product Protocol Engineer at O(1) Labs