🏆 LIMIT GAME: Round 4 Winner Determined!

A large buy transaction was made in the pool, triggering the execution of 674 orders (out of a total 768 placed) by 279 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.

Winner’s address (a 50 000 BIP prize):
Mx0d97d9669a9335cb0939c48034ddd1c914b49647
Winner’s order »

🦈 LIMIT GAME: Round 5 Started!

The fifth round is an extra one for those whose orders got automatically canceled in round 2. You don’t need to participate if you completed all previous rounds—you’ll still get a guaranteed airdrop.

— New pool: MEGALODON-FOODCHAIN
— Until: November 30
— Prize: 50 000 BIP
— A new token called MEGALODON has been sent to 828 participants. You need to put it up for sale (by purchasing token FOODCHAIN)
— Range for selling MEGALODON: 2.01 – 10
— The rules remain the same. The only thing different is the tokens and hence, the pool

➕ Create order »

Reminder: everyone to participate in all four rounds will share a guaranteed airdrop of 300 000 BIP and get an achievement badge by chainik.io. The prizes will be sent out once the game is finished.

We have a new Official Mascot: Chef Minter Cash!

✅ Minter Update v2.6.0 Completed

Minter Network has seamlessly updated to version 2.6. We have been preparing this update for months and done a lot of work on the technical side, especially related to on-chain orders (AMMOB) rollout.

The update includes:
— Automated Market Maker with Order Book
— Ability to burn tokens is now available not only to creator but to all holders
— The maximum Voting Power has been limited to 20% per Validator. At over 20%, delegation becomes impossible
— Bug fixes
— Fees for failed transactions. It is set at $0.01, same as the one for sending transfers. This fee also depends on the information in payload and gas price

• Place order
• Minter Explorer (the order book and limit orders themselves will be visible on the pool pages)

How does the Minter network enter the winter season?

https://minterteam.medium.com/a0f06eb2fe5b

🏆 LIMIT GAME: Extra Round Winner Found!

A large buy transaction was made in the pool, triggering the execution of 333 orders (out of 483 placed) by 206 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.

Winner’s address (a 50,000 BIP prize):
Mx45cf9fb1206dd14ca5bcbcd05f68c5f1c7453de3
Winner’s order »


💸 Prizes
The LIMIT GAME is now finished. We hope that all players not only enjoyed it, but also learned to place limit orders with Minter. Thanks for participating and testing, everyone!

Five prizes 50,000 BIP each plus a 300,000 BIP airdrop will be distributed within a few days after the outcome and participants have been verified. The prizes will be sent to identical addresses on Mainnet—to collect, use the same seed phrase as on Taconet.

Achievement badges
All players will get a memorable badge from chainik.io. Since it cannot be transferred to another address, you can specify your Mainnet address that you want the badge to display on by December 3, 9:00 a.m. UTC.

For that:
— Go to Taconet Console (the network that hosted the game)
— Send 0 MNT to the zeroth address: Mx0000000000000000000000000000000000000000 (explorer)
— In Payload (a message to the transaction available in Advanced Mode), enter your Mx address on the main network

🍬 Farming in December

Below you can find yield-farming programs that last through December 31, 2021 (except HUB-BIP, which expires on May 10, 2022).

Everyday payouts are calculated based on the volume of liquidity you provide to the following pools:

— BEE-MUSD: 100% APR, payouts in BEE (details)
— USDTE-USDCE: 36.5% APR, payouts in BIP (details)
— HUB-BIP: 36.5% APR, payouts in BIP (details)

Also, there are ongoing Welcome Farming programs for newly cross-chained assets at 10% monthly returns: TON, SHIB, METAINDEX.

To join, simply supply liquidity via Minter Console into the pool of your choice (guide).

ℹ️ Minter Hub Upgrade

Connection to the Ethereum and Binance Smart Chain networks could not be immediately established due to several newly surfaced reasons.

Necessary fixes will be prepared by tomorrow morning, and the process shall continue.

❗️All funds are completely safe since they are held in cold wallets.

🧮 Limit Orders, Fees, and Details

Yesterday, validators successfully voted on limit order fees:

• 25 BIP (≈ $0.1) for placing an order
• 5 BIP (≈ $0.02) for manually canceling it

These and other fees are temporary and expressed in BIP. Soon, there will be another vote on setting U.S. dollar-pegged fees, meaning the BIP value will be floating and the dollar equivalent, fixed. For example, if BIP were priced at $0.004, then creation fee would stand at 25 BIP (10 cents); at $0.01 per BIP, the fee would change to 10 BIP (10 cents as well).

Limit order details:
— A fee is charged for creation and manual cancellation of orders
— Orders are canceled automatically after 483,840 blocks (≈25 days)
— A fee is not charged upon automatic cancellation
— Placement, cancellation, and list of your own orders are available in the Minter Console’s Limit Orders tab
— Possible limit order price ranges: x5 (above) and 1/5 (below) the current in-pool price. For example, if 1 BIP = 0.004 USDTE in the BIP-USDTE pool, then maximum sell price = 0.02 USDTE and minimum buy price = 0.0008 USDTE
— Limit orders are placed “on top of” the pool’s liquidity, supplementing it (learn more about AMMOB)
— 0.2% on the amount filled goes into the pool (in both tokens, 50/50%), making it richer. This fee is shared by liquidity providers who do not bear Impermanent Loss at the time of execution of any orders
— Orders may be filled partially
— Order books are available on pool pages in Minter Explorer (example)

✅ Minter Hub 2 Live

After the scheduled upgrade, Minter Hub has been launched and continues processing cross-chain transfers. What’s new:
— Code base
— Lower fees on withdrawals to Ethereum
— Integration with Binance Smart Chain
— Swap discounts for HUB holders
— Support for native ETH token
— Improved UX for validators
— Cross-chain DeFi
— Modular connection of other blockchains

Learn More »

Currently, only BIP and HUB are available for cross-chain transfers with Binance Smart Chain. Other BSC network tokens will be listed soon. Which ones would you like to see on Minter first?

🗳Voting for Minter Network Commission Price (Commission Proposal 2.2)

Minter and Minter Hub were successfuly updated and now it's time to bind the commissions in the Minter network to the USD equivalent, in particular to USDTE, to implement plans for the cost of transfer to $0.01, and trade to $0.03.

Updates will take effect on December 27 at ~11:00 UTC on block 8173094 with the necessary total power of votes (66.66%+).

To get acquainted with the instructions for validators and the full list of changeable parameters in Commission Proposal 2.2, follow the link.

You can track the voting process on this page.

⚠️We urge all validators to take an active part in the voting and do it before the selected block.

✨ Minter 3: BIP Tokenomics Update

In Minter 1, we launched the network with basic functionality that already outplayed many popular chains.

Minter 2 introduced DeFi tools and cross-chain mechanisms, enabling users to earn in an entirely decentralized way.

In Minter 3, we will modify BIP tokenomics by applying deflationary models that are aimed to cause the network’s native digital coin to grow.

Find Out Now »

✅Binding commissions to the dollar equivalent

We inform you that Commission Proposal 2.2 reached more than 66.66% of the total power of votes (see). This means that a consensus has been reached among the validators and on December 27, at ~11:47 UTC, the commissions will be updated on the 8 173 094 block.

Initially, 7 days were planned for voting and the validators successfully coped with this, for which we express our great gratitude to them🙏🏻

The next step is to update the services — adding support for payment of commissions with custom coins, taking into account the binding to USDTE.

⚠️The request to all developers to update the services (if any) before the block on which the updated commissions will take effect.

BNB, USDT, and BUSD Live on Minter

Minter Hub oracles have activated cross-chain transfers for the BNB, USDT, and BUSD BEP-20 tokens.

Their tickers on the Minter network are:
— BNB
— USDTBSC
— BUSDBSC

To move tokens from Binance Smart Chain to Minter and the other way around, use Minter Console (DEPOSIT & WITHDRAW). If you are using local Console, you need to update it to the latest version.

🍪 🍪 A yield-farming program for the BNB-BIP pool at 0.1% daily starts today.

P.S. Before making any operation, double-check the token’s ticker. Approved cross-chain tokens have the verified blue badge ✅.

✅ Minter: 2021 Achievements

In this series of posts, we would like to rewind what the team has achieved over 2021.

#1. Minter Hub: a bridge for fast and decentralized cross-chain transfers with Ethereum and Binance Smart Chain

Launched in April 2021, Minter Hub unites several blockchains and lets users move tokens between the networks 24/7, with no moderation or identity verification.

So far, 20 popular tokens have been listed cross-chain, among them are BTC, ETH, USDT, BNB, TON, and others. They can be freely deposited to and withdrawn from Minter:
— Binance Smart Chain: confirmation time of ≈1 min., fee of $0.5
— Ethereum: confirmation time of ≈2–3 mins., fee of $40–50

The bridge is maintained by oracles who lock coins on one network and release their ‘mirrored’ versions on the other. Minter Hub supports 16 oracles and the PoS consensus, meaning that voting on blocks is collateralized by HUB tokens.

Cross-chain transfers represent a new era of sovereign blockchains. Transfers not only allow networks to communicate with each other, but also enable users to make trustless, fast, and secure decentralized transactions. Transactions that no one can cancel, alter, or censor.

Learn more about Minter Hub »

#Minter2021

✅ Minter: 2021 Achievements

#3: Cross-Chain Transfers Discount System

When moving tokens between Minter and Ethereum or Binance Smart Chain, the user pays the bridge fee (1% on the amount transacted) on top of the network fee. For example, the fee for sending 100 USDT from Binance Smart Chain to Minter stands at 1 USDT.

If the user holds the HUB token on their balance, however, they are charged a reduced bridge fee.

ℹ️ Discounts
1 HUB: -10%
2 HUB: -20%
4 HUB: -30%
8 HUB: -40%
16 HUB: -50%
32 HUB: -60%

💡 How to Activate
For the discount to be enabled, the balance of the address that a cross-chain transfer is made from needs to have the necessary amount of HUB on any of the interconnected networks.

HUB can be bought via liquidity pools on Minter by making a simple swap in Minter Console or BIP Wallet. You can also purchase it on 1inch (Ethereum) or PancakeSwap (Binance Smart Chain).

#Minter2021

✅ Minter: 2021 Achievements

#4: Unspent Fee Refund

The new algorithm for charging fees allows users to get cashback in cases when the send fee turns out to be less than what the user has already paid. The remainder arrives into your Minter wallet.

#Minter2021