Final Preparations
Today, at 10:00 UTC, we disabled the users to re-assign their BIP balances and recorded all addresses and balances to be included in the Genesis file of Minter Mainnet! 🚀
We suggest that you search for your address through the Genesis file and check if your balance is correct.
https://genesis-viewer.minter.network/
Complaints regarding the contents of the Genesis file will be accepted up until May 12, 10:00 UTC. After that, it will be finalized.
Let us also remind you that if you are a member of the pool, then your coins will be first credited to the pool’s address for further distribution. The situation is different with bonuses and airdrops, which will all be sent to your wallet directly on days 15 and 29, respectively.
On May 12, 11:00 UTC, we will run the last testnet with the finalized Genesis file. And on May 15, 15:05 UTC, Minter Mainnet will go live.
Today, at 10:00 UTC, we disabled the users to re-assign their BIP balances and recorded all addresses and balances to be included in the Genesis file of Minter Mainnet! 🚀
We suggest that you search for your address through the Genesis file and check if your balance is correct.
https://genesis-viewer.minter.network/
Complaints regarding the contents of the Genesis file will be accepted up until May 12, 10:00 UTC. After that, it will be finalized.
Let us also remind you that if you are a member of the pool, then your coins will be first credited to the pool’s address for further distribution. The situation is different with bonuses and airdrops, which will all be sent to your wallet directly on days 15 and 29, respectively.
On May 12, 11:00 UTC, we will run the last testnet with the finalized Genesis file. And on May 15, 15:05 UTC, Minter Mainnet will go live.
Minter Mainnet Launch and Voting for the Price of BIP
While we all wait for the start of the main network, there is still one important thing to settle. It is the initial price of BIP. Let us remind you that it is this price that will be used for buying and selling BIP through the Validators’ Bank. After the main network goes live, the price of BIP will be changing by a maximum of 1% in either direction on a regular 24-hour basis.
The coin’s price will be denominated in USD
We have just started the final testnet, during which the network participants will be voting for the starting price of BIP. The process will last through blocks 1 to 30 000. To vote, you will need to send a transaction with any sum to the address
For example,
Address #1 with 100 BIP in balance and stakes votes for the price of $1,
Address #2 with 50 BIP in balance and stakes votes for the price of $0.1,
Initial price of BIP = 1×(100/150)+0.1×(50/150) = $0.7.
⚠️ We suggest that you use a local console.
You can watch the voting live here: https://coin.minter.network
While we all wait for the start of the main network, there is still one important thing to settle. It is the initial price of BIP. Let us remind you that it is this price that will be used for buying and selling BIP through the Validators’ Bank. After the main network goes live, the price of BIP will be changing by a maximum of 1% in either direction on a regular 24-hour basis.
The coin’s price will be denominated in USD
We have just started the final testnet, during which the network participants will be voting for the starting price of BIP. The process will last through blocks 1 to 30 000. To vote, you will need to send a transaction with any sum to the address
Mx00000000000000000000000000000000000000A1. In a transaction message, you will have to indicate the price that you vote for—e.g., 0.5 (the value can be as low as 0.01 and as high as 1.00). The weight of a particular vote will be determined by the number of coins in stakes and address balances (as of block 30 000).For example,
Address #1 with 100 BIP in balance and stakes votes for the price of $1,
Address #2 with 50 BIP in balance and stakes votes for the price of $0.1,
Initial price of BIP = 1×(100/150)+0.1×(50/150) = $0.7.
⚠️ We suggest that you use a local console.
You can watch the voting live here: https://coin.minter.network
coin.minter.network
BIP Price
Discover the price of BIP in real time as Minter network participants vote.
DeCentral Bank
Last night, Minter network participants finished voting for the initial price of BIP. The weight of a particular vote was determined by the number of coins in user’s stake, meaning the higher the stake (that is, user’s economic interest within the system), the more powerful the vote.
BIP has settled at $0.32, which is way lower than prices of other DPoS-based projects’ internal coins.
In the history of blockchain, there’s never been a system autonomous enough to set the price of the base coin on its own. We all acted as members of the single DeCentral Bank, setting the terms of exchange with other global on-chain and off-chain assets.
It will be getting more and more interesting: every day, any user will be able to use their stake and send a vote, determining the change in the price of BIP—more precisely, +/-1% or 0% if they find the current price reasonable.
And, of course, it’s completely transparent—anyone can view the votes that are coming in, as well as the addresses and stakes casting them. Should the user want to make their own calculations, they will be able to do so.
The Minter network goes live tomorrow, and with it, the Internet of Money!
#minter #bip #32
Last night, Minter network participants finished voting for the initial price of BIP. The weight of a particular vote was determined by the number of coins in user’s stake, meaning the higher the stake (that is, user’s economic interest within the system), the more powerful the vote.
BIP has settled at $0.32, which is way lower than prices of other DPoS-based projects’ internal coins.
In the history of blockchain, there’s never been a system autonomous enough to set the price of the base coin on its own. We all acted as members of the single DeCentral Bank, setting the terms of exchange with other global on-chain and off-chain assets.
It will be getting more and more interesting: every day, any user will be able to use their stake and send a vote, determining the change in the price of BIP—more precisely, +/-1% or 0% if they find the current price reasonable.
And, of course, it’s completely transparent—anyone can view the votes that are coming in, as well as the addresses and stakes casting them. Should the user want to make their own calculations, they will be able to do so.
The Minter network goes live tomorrow, and with it, the Internet of Money!
#minter #bip #32
📲 Official Minter Wallets
Today, after the main network goes live at 3:05 PM UTC, users will have access to three entry points:
1️⃣ Console — console.minter.network
2️⃣ iOS Wallet — minter.link/ios
3️⃣ Wallet for Android — minter.link/android
Services will start working in the first hours after the launch. You can already download and install applications now.
Today, after the main network goes live at 3:05 PM UTC, users will have access to three entry points:
1️⃣ Console — console.minter.network
2️⃣ iOS Wallet — minter.link/ios
3️⃣ Wallet for Android — minter.link/android
Services will start working in the first hours after the launch. You can already download and install applications now.
console.minter.network
Console — Minter
Minter Console is by far the most advanced part of our project that lets you manage all your activities on our network.
👍1
v1.0.1
Hello, everyone!
On block height 5,760, the blockchain protection mode that monitors the network status was triggered. Due to that, we were able to locate a vulnerability and prevent the loss of user funds. For more detail about the system, refer to this article on our official blog.
We released an official fix of this vulnerability under the version of 1.0.1. All masternode owners need to update as soon as possible.
For all validators to be able to update in time and avoid missing blocks, we decided to resume operation of the blockchain at 10:00 AM UTC. Until then, all nodes will be in standby mode.
The only operation required is replacement of the binary file.
Hello, everyone!
On block height 5,760, the blockchain protection mode that monitors the network status was triggered. Due to that, we were able to locate a vulnerability and prevent the loss of user funds. For more detail about the system, refer to this article on our official blog.
We released an official fix of this vulnerability under the version of 1.0.1. All masternode owners need to update as soon as possible.
For all validators to be able to update in time and avoid missing blocks, we decided to resume operation of the blockchain at 10:00 AM UTC. Until then, all nodes will be in standby mode.
The only operation required is replacement of the binary file.
Here comes the first PCO (Perpetual Coin Offering) on the Minter network.
As part of the program aimed to support the most exciting and active projects, the Minter team has recently delegated 150 000 TEAM coins to the BTC.Secure validator.
We will soon outline in more detail what activity the team itself (not the DAO) plans to encourage and how exactly it will all happen.
It is the very model for supporting the validators that is interesting: the TEAM coin’s price has grown five times since being delegated, which led to an increase in the delegated stake.
https://news.1rj.ru/str/BTCSecure/60
As part of the program aimed to support the most exciting and active projects, the Minter team has recently delegated 150 000 TEAM coins to the BTC.Secure validator.
We will soon outline in more detail what activity the team itself (not the DAO) plans to encourage and how exactly it will all happen.
It is the very model for supporting the validators that is interesting: the TEAM coin’s price has grown five times since being delegated, which led to an increase in the delegated stake.
https://news.1rj.ru/str/BTCSecure/60
Telegram
BTC.Secure
PCO BTC.Secure – the first PCO in the Minter network
Minter was created so that everyone can issue their own coin with instant liquidity and growing in value when there is demand.
The BTC.Secure team made an ambitious decision to take advantage of this…
Minter was created so that everyone can issue their own coin with instant liquidity and growing in value when there is demand.
The BTC.Secure team made an ambitious decision to take advantage of this…
🇨🇳 Minter steps on Chinese soil!
https://www.bitcat365.com/ann/bit-cat-start-minter-validator-service
https://www.bitcat365.com/ann/bit-cat-start-minter-validator-service
100,000 Blocks
Block #100,000 was just generated on the Minter network! It was produced by the BTC.Secure validator. We want to congratulate all members of our community on this little yet significant milestone. The blockchain is stable, all performance targets are met, and transactions are processed in less than five seconds!
At the moment, our team is putting all of its efforts into creating the Validators’ Bank that will enable any participant of the network to buy or sell BIP at a price determined by daily voting! Stay tuned!
Minter, the Internet of Money (IoM)
So Long, and Thanks for All the Fish!
Block #100,000 was just generated on the Minter network! It was produced by the BTC.Secure validator. We want to congratulate all members of our community on this little yet significant milestone. The blockchain is stable, all performance targets are met, and transactions are processed in less than five seconds!
At the moment, our team is putting all of its efforts into creating the Validators’ Bank that will enable any participant of the network to buy or sell BIP at a price determined by daily voting! Stay tuned!
Minter, the Internet of Money (IoM)
So Long, and Thanks for All the Fish!
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VIEW IN TELEGRAM
Beer for BIP: historic moment, instant transfer.
A pint for 12 BIP. Bitcoin had pizza for 10,000 BTC, and we got a pint of beer 🍺
A pint for 12 BIP. Bitcoin had pizza for 10,000 BTC, and we got a pint of beer 🍺
#Weekly Community Update (May 27, 2019)
💡 After the launch, the work still continues. That being said, we are returning to the good old update format! We also have some good news for those who failed to submit their address in time. If that is the case with you, use the Early Access Dashboard to send your address to us. Please keep in mind that the process of crediting funds to such wallets is carried out manually and may take up to 3 days. Below is what our team did while you were delegating, exchanging, and sending BIP on the fastest blockchain:
* added the auto-delegation tool in Console
* worked on the data display in Explorer
* resolved an issue with sending transactions via Console and applications
* re-enabled users to submit their mainnet address
* updated and improved Android and iOS apps
Stay tuned!
💡 After the launch, the work still continues. That being said, we are returning to the good old update format! We also have some good news for those who failed to submit their address in time. If that is the case with you, use the Early Access Dashboard to send your address to us. Please keep in mind that the process of crediting funds to such wallets is carried out manually and may take up to 3 days. Below is what our team did while you were delegating, exchanging, and sending BIP on the fastest blockchain:
* added the auto-delegation tool in Console
* worked on the data display in Explorer
* resolved an issue with sending transactions via Console and applications
* re-enabled users to submit their mainnet address
* updated and improved Android and iOS apps
Stay tuned!
#Weekly Community Update (June 3, 2019)
🎁 Last Friday, all Early Access Campaign participants received their bonuses. Below is the list of changes our team did last week:
— Re-designed the validator page in Explorer;
— Updated the blockchain & fixed a couple of minor issues;
— Resolved the issue with custom coins;
— Simplified the process of copying addresses in the iOS app;
— Updated the Android application.
Stay tuned!
🎁 Last Friday, all Early Access Campaign participants received their bonuses. Below is the list of changes our team did last week:
— Re-designed the validator page in Explorer;
— Updated the blockchain & fixed a couple of minor issues;
— Resolved the issue with custom coins;
— Simplified the process of copying addresses in the iOS app;
— Updated the Android application.
Stay tuned!
MDF has been granted the right to trade in USD pairs on the Bittrex exchange. It means that sooner or later, DAO funds will become convertible to fiat, which will help us speed up the network development by paying for non-crypto services, such as advertising on Facebook and Google or participating in exhibitions all over the world.
#Weekly Community Update (June 11, 2019)
— Added the section with delegated stakes in the web version of the wallet; iOS and Android are coming.
— Added more information about the coins and network status on the status.minter.network page.
— Updated the blockchain and resolved an important issue.
— Fixed an issue with testnet checks.
— Corrected the display of deleted coins in the Explorer.
— Added the display of a QR code in the Console.
— Added the section with delegated stakes in the web version of the wallet; iOS and Android are coming.
— Added more information about the coins and network status on the status.minter.network page.
— Updated the blockchain and resolved an important issue.
— Fixed an issue with testnet checks.
— Corrected the display of deleted coins in the Explorer.
— Added the display of a QR code in the Console.
#Weekly Community Update (June 18, 2019)
👶 Last Saturday night, four new slots for validators opened. This will be happening once every month, so if you were considering whether to launch your own masternode, it is the best time to do that. Congratulations to all the new additions to the list of active validators!
Apart from that, we also:
— added the section with delegated stakes in iOS and Android apps;
— added the Payload message field in mobile applications;
— enabled users to copy addresses straight from the transaction history;
— updated the Explorer, introducing more information about the coins on the address page and a convenient number display format;
— launched a bot for collecting feedback: @MinterContactBot. If you’ve been seeking some new functionality, make sure to drop us a line describing it!
Stay tuned!
👶 Last Saturday night, four new slots for validators opened. This will be happening once every month, so if you were considering whether to launch your own masternode, it is the best time to do that. Congratulations to all the new additions to the list of active validators!
Apart from that, we also:
— added the section with delegated stakes in iOS and Android apps;
— added the Payload message field in mobile applications;
— enabled users to copy addresses straight from the transaction history;
— updated the Explorer, introducing more information about the coins on the address page and a convenient number display format;
— launched a bot for collecting feedback: @MinterContactBot. If you’ve been seeking some new functionality, make sure to drop us a line describing it!
Stay tuned!
#Weekly Community Update (June 26, 2019)
💸 Last week, we distributed balances and airdrops for users who submitted their addresses after the mainnet launch. Check the wallet you specified on the Early Access Campaign Dashboard page—chances are, you will be surprised, too. In addition to that, we also:
— Changed a number display format in the Explorer.
— Added the display of transaction fees in the bip.to wallet.
— Updated the iOS and Android applications.
— Fixed the display of reward charts and multi-transactions in the Console.
Stay tuned!
💸 Last week, we distributed balances and airdrops for users who submitted their addresses after the mainnet launch. Check the wallet you specified on the Early Access Campaign Dashboard page—chances are, you will be surprised, too. In addition to that, we also:
— Changed a number display format in the Explorer.
— Added the display of transaction fees in the bip.to wallet.
— Updated the iOS and Android applications.
— Fixed the display of reward charts and multi-transactions in the Console.
Stay tuned!
#Weekly Community Update (July 3, 2019)
Last week, we
— added the USE MAX button in the Console so that you could conveniently send the full amount of a chosen coin
— made BIP a default currency for paying transaction fees when sending via the Console
— moved the display of a transaction message in the Explorer up to the very top
— improved the process of sending transactions via the local console
— added the C++ SDK and updated the documentation
Stay tuned!
Last week, we
— added the USE MAX button in the Console so that you could conveniently send the full amount of a chosen coin
— made BIP a default currency for paying transaction fees when sending via the Console
— moved the display of a transaction message in the Explorer up to the very top
— improved the process of sending transactions via the local console
— added the C++ SDK and updated the documentation
Stay tuned!
Above all things, MBank will be needed for automated systems and atomic swapping.
People themselves can decide how profitable the deal would be if made right here and right now. Machines are not that intelligent as they need a comprehensible algorithmic environment with the complete predictability of the exchange operation outcome. It is these robots that exchanges and services for selling BIP and other Minter-based coins will connect to.
The official price plays a pivotal role here, being a gateway for both entering the project and exiting it. In reality, the addresses transfer the rights to BIP ownership between one another. There are neither new nor burned coins; they don’t appear on or disappear from the network, either. All they do is change hands.
Liquidity Providers will be able to use MBank for building long-term products, where it is paramount to have stability and unlimited liquidity with guarantees. All other users will be able to put their BIP and custom coins up for sale at any price.
#mbank
People themselves can decide how profitable the deal would be if made right here and right now. Machines are not that intelligent as they need a comprehensible algorithmic environment with the complete predictability of the exchange operation outcome. It is these robots that exchanges and services for selling BIP and other Minter-based coins will connect to.
The official price plays a pivotal role here, being a gateway for both entering the project and exiting it. In reality, the addresses transfer the rights to BIP ownership between one another. There are neither new nor burned coins; they don’t appear on or disappear from the network, either. All they do is change hands.
Liquidity Providers will be able to use MBank for building long-term products, where it is paramount to have stability and unlimited liquidity with guarantees. All other users will be able to put their BIP and custom coins up for sale at any price.
#mbank
The project code-named “MBank” will enter the public testing phase on July 15, 2019.
We will start revealing more details as soon as next week.
#mbank
We will start revealing more details as soon as next week.
#mbank
Listing
After discussions, we decided that instead of applying for BIP to be listed on exchanges, we will list BTC and ETH on the Minter network.
Why go to an exchange if we are an exchange ourselves? A truly decentralized exchange, not the “Hey, we got hacked, so let’s do a re-org!” one.
The ability to freely convert BIP into BTC, ETH, and USDT will make us the strongest and most reliable exchange in the world.
After discussions, we decided that instead of applying for BIP to be listed on exchanges, we will list BTC and ETH on the Minter network.
Why go to an exchange if we are an exchange ourselves? A truly decentralized exchange, not the “Hey, we got hacked, so let’s do a re-org!” one.
The ability to freely convert BIP into BTC, ETH, and USDT will make us the strongest and most reliable exchange in the world.