Minter is coming with the on-chain automated market maker with order book!

https://youtu.be/CnZ9I4eFeOk

🏆 Minter Hub Pool Farming Contest

The HUB pool’s ($387,000 in total liquidity) current profitability stands at +50% APY in U.S. dollars, and the Team has decided to make things even more attractive by increasing it several times!

Once again, Minter Hub will give an astonishing amount to those who supply liquidity to a Uniswap pool. Last time, it was 1,000 UNI ($31,000), and now, 1,000 HUB ($72,000 at the time of writing)!

It’s as easy as it gets:
– Provide liquidity to the pool by March 25, 2021
– Get into the top 100 participants
– Don’t remove until March 30, 2021
– Receive your share of the 1,000 HUB proportionally to your participation on March 31, 2021
– Tokens will be accrued automatically!

Important links:
– Minter Hub pool in Uniswap
– List of liquidity providers
– How to provide liquidity

Hurry up!

#HUB

🔗 BIP Now Accepted for Further Conversion into BIPx

To be the first to get BIPx (BIP that’s mirrored on the Ethereum and Binance Smart Chain networks), you need to transfer BIP to a multi-signature address of Minter validators. BIPx will be distributed using the FIFO method (i.e., the sooner you send, the sooner you get). Early participants will have a significant head start. The final decision on whether to go through with the exchange of BIP for BIPx will be made by the validators managing the multisig address.

Up until the conversion, all accumulated BIPs will be generating a 55% APY (0.15% per each full-day lock) paid from the DAO funds.

You may choose the network where you want to receive BIPx tokens, Ethereum or Binance Smart Chain. For that, send coins to the corresponding address. Deposit addresses are presented below:
Ethereum – Mx8e3869360a90a33d7df9fbb59af581b42147938f
Binance Smart Chain – Mx214920b7e4c9cae508ecab0010d5a7db72ef2c13
SEND BIP TO THESE ADDRESSES ONLY!

⚠️ Alert: transfer BIP only from a wallet to which you have a seed phrase. Do not transfer BIP from third-party services and exchanges; otherwise, you’ll lose access to your funds. Tokens will be accrued to the sender address on a given blockchain! ⚠️

BIPx Opportunities
- Token will be submitted for listing on both decentralized and centralized exchanges
- 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.
- It can all be managed via regular Minter wallets

Learn more about BIPx and its launch stages

BIPx Listing

Many ask how BIPx will be listed on centralized and decentralized exchanges.

First of all, keep in mind that BIP equals BIPx and vice versa. Meaning they’re mirrored tokens, such as USDTs on the Ethereum and Binance networks. The external BIP is called BIPx to avoid confusion and misunderstanding among users. It’s clear from the start that this token is not on Minter, and you can’t find it in your regular Bip Wallet.

Because BIPx will be based on the ERC-20 and BEP-20 standards, there’ll be whole new opportunities for listing on the exchanges of any level. The procedure has been already applied to hundreds of other tokens. The exchanges won’t have to connect to Minter, set up their own node, and monitor transactions. With BIPx, they’ll be able to do all that at once, at no extra cost.

The example of HUB—which was instantly available in wallets like Trust Wallet—shows just how easy it is to integrate such tokens.

Once BIP has been accumulated and converted into BIPx upon the decision of the validators who oversee the multisig address, we’ll start to gradually work on listings and invite all community members to join. In essence, the listing of BIPx will mean the listing of BIP as well, since the two will be exchangeable at the rate of 1:1.

✨ HUB, tokenomics

We’re sharing the first document breaking down the tokenomics of HUB—oracles will make money on fees, pro users will get discounts, and everyone will be able to see tips on how to earn.

Key takeaways:
– The total supply is 1M
– Maximum circulating supply by the end of 2021: 100,000
– Assuming the price of HUB is $100, oracles may be generating hundreds in APY from fees
– As the number of transfers grows, HUB might reach $500–5,000
– Holders can get up to 60% in transfer discounts
– All users will be getting tips with the best trades and operations in DeFi

Doc: https://link.medium.com/AtsW633dXeb

HUB trading on Uniswap and in the bоt.

Trading & transfer fees, confirmation times & block finality, and limit orders & opportunities for traders: how do Minter 2 and Uniswap v3 stack up against each other?

Check out our latest article to find out: https://link.medium.com/dEN2QgKQ3eb

HUB Farming Contest Is Over

1,000 HUBs have been proportionally shared among HUB/USDT pool’s liquidity providers who were in both snapshots.

Stay tuned as we’re readying the next farming program for the same pool! 👨‍🌾

Minter Community Update

When is Minter 2’s go-live? How do you line up for BIPx? What is the economics behind Minter Hub? And how will limit orders be implemented?

Check out our latest round-up to find out. And don’t forget to clap! 👏

HUB’s Rate on Etherscan

Etherscan has started displaying the price of HUB token https://etherscan.io/token/0x8e9a29e7ed21db7c5b2e1cd75e676da0236dfb45

That means from now on, everyone will be able to see the actual, real-time balance of their wallet, because the amount of HUB they hold is multiplied by the rate.

At the time of writing, the market capitalization stands at over $72.6 million. The price has increased from $0.1 to $72.67 (and that’s not even an ATH) over five months.

🔥 Minter 2 launch is the hottest event of April!

Thank you to everyone who is always active and pushing Minter to leading positions. Recently, we’ve become the hottest event on the homepage of the largest crypto calendar with 2M monthly visitors.

Press the '👍 Real' button to support us!

✅ The HUB token has been added to Blockfolio

Starting today, Minter Hub (HUB) is available in Blockfolio, the largest crypto tracker. Our community has once again proven that it’s great at cool & fast promotion of Minter across third-party services. Thanks for making this happen!

— Look up Minter Hub
— Add the HUB token to your portfolio
— Add transactions to evaluate your performance
— Turn on alerts to stay updated on the price levels that interest you

Which ranking, wallet, or tracker should HUB hit next?

Minter Is Being Upgraded

As the blockchain has stopped at block height 3,278,787, validators are now updating their nodes and infrastructure for transition to Minter 2. It will take some time (≈2 hours), and we'll make a separate post once the network is live.

During the upgrade, no transactions can be made, so wait until it's completed.

⚠️ Double-check that all of your seed phrases are kept in a safe place only you can access.

Minter 2 Is Up and Running

The Minter network has been launched following a successful upgrade. All features are available, including the new ones:
— Non-reserve tokens
— AMM-enabled liquidity pool swaps
— 0.2% of fees in reward for supplying liquidity

You may find the full changelog in the attached file here.

All functionality (both old and new) has been rolled out in Minter Console and BIP Wallet's web version. As of now, the Android and iOS wallets offer standard functionality (transfers, delegation, etc.), so you'll need to wait until a full-fledged update arrives in stores. The local Console isn't readily available just yet, either. The new versions of the wallets will be announced separately.

Explorer: https://explorer.minter.network/
Status: https://status.minter.network/

🔥 Burn of ≈300M BIP (or $6,300,000 at current prices)

To make Minter birthday celebration lit, Minter Development Foundation will ‘burn’ the BIPs that will have been accumulated by May 15, 2021.

It is the funds of DAO it has been receiving since the launch of the network that will be burned. The coins of regular users won’t be affected.

The amount is around 300 million BIP. It will be sent to the 0th address:
Mx0000000000000000000000000000000000000000

This move will strengthen the network’s economy, because a large volume of coins will be removed from circulation and therefore will never enter the market.

While some are printing, others throw birthday parties that are straight fire. 🥳

🗓 BIP Burn in Crypto Calendar

The Burn of BIP event is up on CoinMarketCal. If you want to see it trending and among the hottest events of May, please show your support (press the Real button)!

👍 Vote »

🗳Vote for Minter Network Commission Price (Commission Proposal 1.1)

Voting for commissions in the Minter blockchain was launched today.

Voting is divided into several stages, in each of which a certain part of the commissions is changed, grouped according to common characteristics or in accordance with the preliminary consent of the majority of validators.

In the first part (Commission Proposal 1.1), it is proposed to update the commissions for sending, exchanging and delegating transactions:

• Send (send, multisend) ~$0.01
• Exchange (buy/sell coins with reserve and through pools) ~$0.03
• Delegate (delegate, unbond) ~$0.1

At the moment, all transaction fees in Minter will be expressed in BIP, but their prices will be quoted according to the price of $0.02 per BIP.

As soon as Minter Hub is launched, and then USDC stablecoin is added to Minter, the validators will again vote on linking commissions to $.

The updated commissions from the first stage (sending, exchanging and delegating) will take effect on April 15 at ~20:45 UTC on the block 3 341 000 with a set of 66.66%+ of the total vote power of the validators.

⚠️We encourage all Minter validators to submit their votes before the selected commission update block.

You can follow the voting process on this page.

Commission Proposal 1.1 with a full list of parameters and voting instructions for validators — https://learn.btcsecure.io/en/minter/commission-proposal/1-1

🚀 The Minter Hub Network Is Live!

Minter 2 + Minter Hub will allow anyone to trade in cryptocurrencies, tokens, and digital assets. Without storing your funds, via completely decentralized orders and transactions processed by an automated market maker in five seconds and for $0.03+0.2%. Transferring USDT, USDC, ETH, BTC, and other coins will take five seconds, too, costing you as little as $0.01! Minter Hub will also make it possible to tie Minter 2’s fees to the U.S. dollar.

At 4:00 p.m. UTC yesterday, the mainnet of Minter Hub was launched. At this moment, the smart contract is being deployed on the Ethereum network (which is still pending because of the abnormal congestion).

Once the smart contract has been successfully deployed, all validators will be able to transfer their HUB to Minter Hub at no cost and start validating. For some time, there will be no penalties.

At this stage, cross-chain coin transfers are not available yet. During the first week, validators will be monitoring the stability of the network and whether the contracts update the list of the validators properly. Once they have verified that everything works as intended, we’ll initiate a vote on introducing an option to transfer HUB from Ethereum to Minter and vice versa.

All stages will be rolled out gradually to ensure the user funds’ safety. In case of an unexpected event, the smart contract can perform emergency stoppage and transfer of coins.

Further activation of Minter Hub:
- Addition of HUB
- Addition of USDC: once HUB has been successfully integrated, USDC will follow
- Fixing of M2 fees in dollars: once USDC is aboard, there’ll be a vote to set USD-expressed fees
- Addition of other ERC-20 tokens to Hub: once fees have been fixed in U.S. dollars, a vote will be announced to add more ERC-20 tokens to Minter (wETH, wBTC, USDT, UNI, and others)
- Connection of Binance Smart Chain

Minter Hub network’s source code and instructions on setting up a node: https://github.com/MinterTeam/minter-hub

🔗 HUB on Binance Smart Chain

Due to Ethereum overload (in some cases, fees for token transfers reach $70), we’ve decided to speed up the Minter Hub’s integration with Binance Smart Chain. The first stage will be the issuance of the HUB token, which will be not an entirely new one but a mirrored version of that on the Ethereum network.

Anyone can participate and get HUB on Binance Smart Chain in exchange for HUB on Ethereum. To make a swap, you need to send your ERC-20 HUBs to the multisig wallet of the validators by Friday, April 30, 2021 @ 11:59 p.m. UTC:

0xeE09Bc3Cc3F8F050EB294CDd414869d03e6c4E10

By May 7, 2021, HUB tokens on Binance Smart Chain will be accrued to the same address you used to send them, so make sure you have access to it. After that, you’ll be able to freely transfer HUBs, add them to liquidity pools, and buy/sell them at fees lower than Ethereum’s.

Owners of the multisig wallet that will transfer collected HUBs to the Minter Hub smart contract on May 1:
1. ProBlockchain
2. BTCSecure
3. MonsterNode
4. Rundax
5. Stakeholder
6. MinterOne
7. Minternator
8. ONLY1

✅ HUB Token on Minter

The HUB token has been issued on the Minter network today. It is a mirrored version of the Ethereum’s HUB. Both initial and maximum supply stand at 1 million HUB, with no option to mint additional or burn existing tokens. The whole supply was sent to a multisig wallet managed by Minter Hub oracles right away.

— HUB token creation tx
— Send to Minter Hub oracles tx

When a cross-chain transfer is made, the HUB token will be locked on one network (for example, Ethereum) and unlocked on the other (for example, Minter). That way, Minter Hub will maintain the real circulation of tokens across all networks, managing the lock-ups in a decentralized manner.

Very soon, oracles will start depositing real stakes into Minter Hub. After that, they will initiate a vote on freely moving HUB around the networks. At some point during the first week of May, we’ll mint HUB on Binance Smart Chain to make cross-chain transfers possible between the three networks.

That said, we’re about to unlock unseen opportunities in the space of cross-chain transfers, allowing each and every user to manage their funds in several networks at once—and do it in a fast, affordable, safe, and convenient way.

The first million is the most desired!

$1 million worth of tokens has been placed on the Minter network, including Hub. This is a so-called Total Value Locked indicator, or TVL.

For comparison, the Binance Smart Chain has over $36 billion in TVL. But we haven’t even launched yet . . .