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Minter News EN [Lastochka]
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Forwarded from Minter Dev Notifications
Binance Smart Chain @ Minter Hub

Transaction costs on the Ethereum network keep breaking new records: up to $100 for exchange operations and up to $20 for coin transfers.

That’s why the Minter Team has decided to additionally connect the Binance Smart Chain network as part of Minter Hub. This will make digital assets transferable not only between Minter and Ethereum, but between Minter and Binance Smart Chain as well. BSC will also provide Minter users with an opportunity to access even more digital assets.

BSC is based on EVM, which means we’ll be able to use what we’ve already developed for integration. At the moment, we’re running tests to see how compatible the current version of Minter Hub is with BSC.
Forwarded from Minter Dev Notifications
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🚀 Before starting public tests, we’d like to offer you a little sneak peek at cross-chain Minter<->Ethereum transfers.

The magic happening in the video is not just simple in its nature, but also fully decentralized.
Forwarded from Minter Network
Public Invitation to Minter 2 Testnet (🌮 TacoNet)

We are delivering on our promise! The public tests of Minter 2 start today.

Create pools and add liquidity, build routes with up to 5 coins, issue non-reserve tokens, mint and burn, and if you're a validator, vote whether to change the network fees and set the new ones for your delegators.

For more details, check out Minter Development Foundation's latest announcement, which is already up on Medium.

👏🏻 Don't forget to clap!
Forwarded from Minter Network
Many of you have heard that in Minter 2, you’ll be able to store, transfer, and exchange most of the major digital assets (e.g., BTC, ETH, BNB, USDC). But how have we achieved that?

Learn more about how Minter Hub works here:
https://daniillashin.medium.com/minter-hub-bridge-to-ethereum-binance-smart-chain-dd78cde2ad51
Forwarded from Minter Network
🚀 Minter 2 has been scheduled to launch on April 12, 2021.

🧑‍🚀 On that day sixty years ago, man entered space. And we are starting our journey into other blockchains.

#poyekhali #minter2 #bipx

“Poyekhali!!” With that one Russian word, meaning “Let’s go!” on April 12, 1961, cosmonaut Yuri Gagarin blasted off from the Baikonur Cosmodrome in Kazakhstan to become the first human to travel in space.
Source:
NASA
Forwarded from Minter Network
💥 BIP's explosive growth, TacoNet's start, new blockchain's addition to Minter Hub, and long-awaited Minter 2's launch date confirmation—our latest round-up covers all that (and even more!).

👏 Don't forget to clap!
Forwarded from Minter Network
How to Make Money on DeFi with BIPx

tl;dr: The usual BIP will transform into BIPx on other networks to help you earn in the best DeFi services. No extra knowledge or wallets needed.

If you are not up for a long read, here’s a brief list of features that the BIPx token will have once it goes live on Ethereum and Binance Smart Chain:
– Early participants will be first to get BIPx through transferring their BIP to validators’ multisig addresses at the 1:1 ratio
– It is not a new token, but a ‘mirrored’ one, meaning it represents corresponding BIPs that have been locked in Minter
– With its help, you’ll get access to the new money-making opportunities offered by the world’s leading DeFi services
– It’ll be possible to lend BIPx, make deposits, add to liquidity pools, and use as collateral to take out loans in BTC, ETH, USDT, etc.
– Token will be submitted for listing on both decentralized and centralized exchanges
– Over time, deposit and withdrawal of BIP with conversion into BIPx will become automated and available to everyone
– It can all be managed via regular Minter wallets
– For valuable proposals regarding DeFi services, community members will receive a commission on all completed deals

In a sentence: BIPx will unlock the best of global decentralized finance (DeFi) and help users earn with just one of the Minter wallets at hand.

Learn more on Medium!
Forwarded from Minter Dev Notifications
🔗 BIPx Launch Stages

In short: to get BIPx (BIP mirrored on Ethereum and Binance Smart Chain) among the first, one will need to deposit BIP onto the multisig addresses of Minter validators. Those addresses will be created soon. BIPx will be accrued using the FIFO method (i.e., on a first-come, first-served basis). Early participants will have a significant head start.

BIPx Opportunities
- It’ll become a gateway to the new money-making opportunities offered by the world’s leading DeFi protocols
- It’ll be possible to lend BIPx, make deposits, add to liquidity pools, and use as collateral to take out loans in BTC, ETH, USDT, etc.
- Token will be submitted for listing on both decentralized and centralized exchanges
- It can all be managed via regular Minter wallets

1. Preparation
- The top four Minter validators will create two multi-signature addresses on Minter: one for depositing BIP and exchanging it for BIPx on Ethereum, and the other one, on Binance Smart Chain.
- Anyone will be able to send BIP to these addresses in order to receive BIPx on a chosen network.
⚠️ Alert: you can transfer BIP only from a wallet you have a seed phrase to. Do not transfer BIP from third-party services and exchanges; otherwise, you’ll lose access to your funds ⚠️

2. Initial issuance
- Trusted parties (top 4 validators) must ensure that Minter Hub and BIPx infrastructures are operationally ready. After that, they’ll either move the accumulated BIP to the multisig address of Minter Hub or return the deposits.
- BIPx will then be issued on the two networks and gradually distributed. Using the FIFO method (i.e., on a first-come, first-served basis), BIPx will be accrued to the addresses of those who deposited their BIP.
- First votes on placements in DeFi services and listings will follow shortly afterwards.

3. Integration
Integration of hand-picked services into Minter wallets.

4. One-way exchangeability
Once the infrastructure has been debugged, the instant swapping of BIPx for BIP will become available.

5. Unlimited exchangeability
Next, we’ll introduce the ability to fully and freely swap BIP for BIPx and vice versa for the rest of the community.

Learn more about BIPx: https://medium.com/@MinterTeam/how-to-make-money-on-defi-with-bipx-17905b034285
Forwarded from Minter Dev Notifications
🌮 Minter 1 -> Minter 2: Mainnet Data Migration Test

Starting from block 2 544 192, Taconet has been running on data from the main network. Unlike in previous updates, the numeration didn’t start anew.

We have also created the MNT-USDC liquidity pool and made all fees expressed in the U.S. dollar (here you can find costs for each transaction on the network).

‼️ Reminder: Do not enter your primary mainnet wallet’s seed phrase into the test Console. To view balances and stakes, visit Explorer.

We’ll launch several more validators shortly. To maximize loads while testing, we’ll intentionally put the network in the most challenging environment: validator servers located as far away from each other as possible, weak hardware, etc.

The node’s build and genesis can be accessed here.
Forwarded from Minter Dev Notifications
Our developer Sergey Klimov sheds light on every change and new feature that will come with Minter 2: https://youtu.be/hUx6rZLD_ok.

Article | ​Node PR | Documentation PR
Forwarded from Minter Network
📺 Minter + YouTube

Minter is joining hands with crypto bloggers. Lead your own channel devoted to cryptocurrencies and blockchains? Just leave your info, and we’ll get in touch with you for more detail.

📩 Submit Now »

If you don’t have a channel of your own, feel free to share this link with someone you know who does.
Forwarded from Minter Dev Notifications
🔗 On-Chain AMM with Order Book

Minter 2 will revolutionize the DeFi protocols with its On-Chain Automated Market Maker with Order Book (AMMOB).

Traders will be able to create fixed-price orders in the AMM liquidity pools without having to give up the benefits of those pools.

AMMOB will do great for exchanging stablecoins, for example, USDT for USDC. One will have an opportunity to create an order to buy $1,000,000 worth of USDT for USDC at 1% below the market and later sell it at 1% above. Compared to the traditional AMM pools, AMMOBs have better liquidity: in some areas, the price curve becomes a horizontal line.

The blockchain fees (spread among validators and delegators): $0.08 for creating an order and $0.01 for canceling it. An additional 0.2% on the volume that has been filled goes to a liquidity pool (or liquidity providers). The fees can be paid in any token issued on the network.

Learn More: https://medium.com/@MinterTeam/minter-2-on-chain-automated-market-maker-with-order-book-e29b19fc365f