A great service for analyzing addresses
https://karma.mn/#Mxe9fd1e557a4851fe1ba76def2967da15defa4e4d

The #SCAM Coin

We created the #SCAM coin. In the upcoming week, we will distribute it among top validators who will then be able to mark malicious addresses at their own discretion. The addresses of validators themselves will not possess the mark (a lifetime whitelist); they will just act as storage for the coin. Over time, the top 100 delegators will also receive #SCAM to be further transferred to the actors engaged in wrongdoing.

The coin does not have any value, and votes flow only in two directions: Team address -> Validator/Delegator -> Scammer. This means that any address that will get #SCAM from validators and top delegators will be automatically added to the blacklist to be shared with all Liquidity Providers.

#SCAM can be sent in any amount, and its weight depends exclusively on the share of the validator or stake of the delegator. Meaning if someone flags your address but their stake is insignificant, the trust to such a reaction will be close to zero. And vice versa: 0.01 #SCAM from the BTCSecure-level validator can put operations of a particular address to an end.

We want to stress the fact that the network itself does not limit the actions of the addresses. What it does, though, is highly recommend that the community does not cooperate with a given actor.

Those who thought we had the Wild West here have certainly set their time machine for a wrong period.

If you remember, we initially had an idea to label illicit addresses with #KARMA, but we eventually decided to introduce a specific coin for straightforward scams. With it, no one will make a mistake spotting such an account.

===
Below are two use case examples:
– https://explorer.minter.network/transactions/Mte70969a0dd1ec03f3fc91060a13f67743462a8e6081f1713fa6ce5e49564e264
– https://explorer.minter.network/transactions/Mtc8e3dccb0c1e5a39e08b947a12a0573d53ae1a896dcbb67b0daac03083d887e0

DYOR, which stands for “Do Your Own Research,” must be the only guiding principle for anyone in the blockchain space. Below is the story of one particular scam coin on the Minter network, and one particular man who suddenly decided to take responsibility for its creation. Take a read so that you don’t fall for such fraudulent schemes, ever.

https://medium.com/@MinterTeam/nikita-kolmogorov-scammer-fraudster-or-just-an-attention-seeker-af08c16aa904

BIP Banker

If you have been looking to quickly buy or sell BIP right in your Telegram, https://news.1rj.ru/str/BIP_Banker_bot is a perfect choice.

Every day, thousands of users execute hundreds of trades there!

#projects #bot #lp

Initial Minter Offering

Many of us have felt FOMO, or “fear of missing out,” after the launch of a new coin. Sometimes, what a new asset brings is not positive emotions but rather a disappointment: whales stock up while speculators dump in their pursuit of quick money.

Organized by validators—the acknowledged pillars of our community—IMOs will solve a problem for all of those people who would like to take part in the start of a new project in a quick and safe way.

IMOs will have three stages:
1. A project releases the documentation and reveals all details;
2. A validator publishes terms of participation and the address to which prospective users of the project will send their coins. Fundraising begins;
3. A validator issues a coin, later distributing it among all participants—including founders. Next step: trades are executed as usual, through the simple conversion via Wallet.

Validators can also act as a trusted third party, i.e., hold the founders’ coins until the latter have fulfilled some specific terms of participation.

In the first-ever IMO, the CAT validator (supported by Minter One) plans to launch its own coin under the ticker symbol CAT. Announcements will follow in the coming days.

If projects such as TIME and ZERO were to lead their own IMOs, more users would gain access to the coins on favorable terms. Besides, the scam issue is also almost resolved as validators would never risk their reputation.

By the way, CAT will be the first validator to operate in both Minter and Telegram Open Network.

#IMO

Minterpay is a payment system for the integration of BIP payments to your website. This is useful not only for online shops but also for any fundraising purpose.

Minterpay has almost zero-time install. Moreover, you won’t need knowledge of web-programming at all. Register your account, get the embed code for your website (it’s just a simple button with some data-attributes) and get your payments today.

The integration process is briefly described here:
https://minterpay.com/site/integrate

You can specify any of the 36 supported currencies for your payment buttons. Currency rates for BIP are calculated by the exchange rate on bip.dev and the cross-rates of the Central Bank of Russia.
Exchange rates (https://minterpay.com/payment/exchange) are recalculated approximately once in half an hour. You will be able to specify an additional fee in the settings of your online shop, which will be added when converting amounts from fiat currencies to BIP. However, it’s better to specify amounts in BIP, that’ll be the exact amount of BIPs which will come into your shop’s wallet after successful payment.

We’re doing our best to make it convenient for users to pay their bills through our service.
Minterpay shows QR codes of payment wallets (fresh unique wallet is created for each new payment) and even returns the change if the buyer overpays :-)

If you like our project, don’t hesitate to donate us a couple of BIPs:
https://minterpay.com/donate

We invite everyone who knows Spanish to join our Hispanic community!

→ Channel
→ Group

Why did MBank introduce the 100,000 BIP limit and price corridor?

1. We support the development of all Liquidity Providers, and in order to not steal all attention from them, we limited the minimum sell order volume to 100,000 BIP. At the same time, custom coins have no limitations. MBank’s main goal is to become a guarantor specifically for project sales and not to control the market in general. This decision has led to substantial volume growth for all players, the information they share with us regularly.
2. The price corridor is part of testing price voting. In this version, participants vote with their own funds, meaning the process is not hypothetical but is backed by real orders.

Please note that the primary vector of MBank is to implement several user-friendly features: with no fees, limits, or a price higher than the indicative one. And many others.

Some people may not like such constraints, but that is the reason we have decentralization here—one can always buy or sell coins at Monster or BIP Banker. Besides, a few major LPs are coming, including those working with fiat currencies.

From our observations, we derived one conclusion: such an approach has caused
a. the rate to stabilize as everyone has a choice among tens of venues,
b. the volumes in USD to increase in comparison with July.
It is that very development targeting a mass audience and not catering to particular investors’ needs.

Minter → USA

On Monday, September 16, 2019, we will publish the roadmap of the start of our operations in the U.S. Until then, we are going into silence mode as we are still consulting with our legal team.

#MUSA

Minter USA Roadmap Preview

TL;DR BIP will be listed after SEC’s approval; we’re working to get one.

What’s up, everyone? Below is a short summary of our upcoming U.S. expansion:
• MDF will be responsible for promoting projects in the U.S. The project teams qualifying for the MDF support will enter into multilateral agreements with MDF;
• The best projects will undergo due diligence conducted by our legal team to obtain a special status;
• MDF is also preparing for BIP to be adopted by U.S. exchanges;
• During the preparation of BIP listing, no steps will be made towards increasing trading volumes and activity. All relevant developments—such as MBank and payment processing for the projects—will be conducted in the E.U.;
• The development and maintenance of the blockchain core will be performed by Grom, a U.S. organization led by Mr. Daniil Lashin;
• We are mounting the most serious efforts to approach the SEC with our project.

Now, more details:
The full version of our U.S. roadmap is still in progress, getting reviewed by our legal team. But we can already share the main points:
• As part of the Minter Development Foundation activity, a master agreement is being drafted for all parties in the Minter network that will be entered into by everyone who
a. is willing to get support with creating and promoting their project in the U.S.,
b. is ready to follow specific rules and take specific responsibilities. There will be three categories of participants to the agreement: developers, liquidity providers, and users. This approach highlights those who are ready for transparent cooperation in the legal field. We assume that it is these projects that will be the first to gain most popularity within the Minter network.
• After being carefully analyzed from a legal perspective, the best projects will be awarded substantial marketing support from MDF amounting to hundreds of thousands of U.S. dollars. We kindly remind you that MDF itself abides by all relevant U.S. cryptocurrency regulations and hence has been allowed to open accounts on U.S. exchanges and in U.S. banks. The organization has also already made several successful conversion operations.
• Development of the blockchain core will be led by a new U.S.-based entity called Grom, with Mr. Daniil Lashin appointed as its head. Grom will focus exclusively on issues directly related to the blockchain, associated services, and integrations with other systems.
• Development of trading and payment processing tools will stay within the E.U., where Minter has been granted all necessary licenses & permits or where there is a lack of a corresponding regulatory framework. Products such as MBank will not be released until all final permissions from regulators have been obtained.
• MDF is engaged in listing BIP on cryptocurrency exchanges. At the moment, the priority is given to the U.S. institutions.
• We are not yet ready to reveal our plan regarding communication with the SEC, but please note that up until that moment, we will make no steps towards increasing BIP trading volumes and general trading activity. The popularization of the projects will be our primary objective.
• At MDF, Mr. Eugene Gordeev will continue his research on the concept of the Internet of Money and achievement of economic equality.

#MUSA

Mass Adoption

If everything goes as I’ve planned, by the end of year 2020, U.S. citizens will be able to pay in stores and shops with instant conversion of BIPs and any other Minter-issued coins. And I’m talking about the likes of Starbucks and Whole Foods.

#PING hackathon winners are:
http://pingme.one
http://ping.mnst.club
http://193.124.206.108:3010/ping/

Use PING coins to communicate with your users. This messaging protocol will be added to all wallets as the Inbox tab.

2 000 000 successful transactions on Minter Mainnet!

This is 4 times more than CosmosHub and Irisnet processed in total! Our team want to thank all validators, delegators and developers, who made this possible.

Starting this week, we will be limiting the access to API. Priority will be given to small-size, young projects.

The blockchain allows any team to set up their own node and use their own API chosen among those published on GitHub.

As we use API for trials, maintaining a single point for everyone is not the main goal of the team.

In case you do not have capacity to run your own node, seek partnership opportunities—e.g., with Monster or MinterScan.

BIP’s Market Price

The only appropriate approach towards calculating the market price of BIP is when you can use it to buy other money, goods, or services instantly. By “instantly,” we mean a couple of seconds per automatic exchange operation—think of Bitcoins, gallons of gas, or Big Macs.

Right now, you can go to Monster or 1001 and buy Bitcoin and Ether with BIP without having to “stay in line” or get anyone’s permission. That is the definition of the market price: someone is willing to sell, and you are willing to buy.

All other prices—including the official rate that has been voted for and the one observed at MBank—are just benchmarks with their own additional conditions. MBank is set to enable projects to sell their custom coins accepting various payment methods, and the official price is needed for autonomous atomic swaps.

The team is engaged in the most complex objectives, i.e., it works on the ecosystem where any project could put their money to work in the most convenient way, including automated interaction with other blockchains. We do not and never will aim to create exchanges or exchange services of our own, impact the price, have market makers under control, or be involved in any manipulation.

Someone with relevant experience in the fields outlined above can pitch their project and apply for a grant. We are absolutely certain that proper trade-focused software can improve the processes for both developers and users.

https://bip.dev/

The main page now shows how many BIPs you will get for 1 BTC and a bonus to the average price.

🤖 Validators Watcher — a bot for notifications of events occurring with validators.

To start, just send the bot a public address of the required masternode (Mp...)

The following notifications are available:
▪️ Delegation
▪️ Unbond
▪️ Turn on/off the masternode

⚙️ Developed at Raccoonlabs

While everyone argues about which stablecoin is better, we are developing algorithms that will enable anyone to issue their own fiat currency-pegged coin in the Minter network. As usual, with instant transfers and exchange operations, absolute liquidity, and even delegation.

You will be able to mint your own buck, pay your partners with it, delegate what’s left, and get over worrying about exchange rate fluctuations.

Sounds like a fantasy come true? The real magic begins when you can create your custom coin backed by a stablecoin reserve.

Stay tuned.

Four is our lucky number

There are four main stages of development of the Internet of Money as we see it today:
– BIP, a basic coin of the Minter Network, like a bit in the on-line world. Serves to handle all-purpose tasks;
– Custom coins, BIP-reserved, instant liquidity in the Minter Network, atomic swaps via IBC;
– Pure stable coins, BIP-reserved, algo-driven. Pretty similar to custom coins but linked to off-chain prices of any currencies, goods, or services—e.g., USD, oil, the minimum wage in the E.U.;
– Bucket stable coins, BIP- or any custom coin-reserved, algo-driven. Can be used to hedge against macroeconomic events, e.g., the crisis of 2008.

Eventually, all coins will be swappable to any sort of electronic money, including fiat currencies, with the help of a global network of liquidity providers.

Autonomy is our major goal, and it’s achievable by the diversity of coins, so anyone on the Internet of Money will have access to all sorts of common and specific monies just like we have a choice of information in the Wikipedia or YouTube today. So once you get on-line, there will be no need to look back or experience any limitations.

While many crypto news media outlets are panicking about whether Telegram Open Network will launch, the Minter team is actively trialing all new developments—for example, this alpha version of the wallet.

We would like to kindly remind you that Telegram’s cutting-edge feature has always been the high quality of their products. Hence, there could be no doubt that the project will see the light of day in time. Few realize that what we are talking about here is not a particular blockchain but the entire decentralized Internet. The Internet, where the TON blockchain itself and its native GRAM coin are simply one moving part of the mechanism which is set to gain autonomy from the rest of the world.

Looks like we are on the same page with the SEC.

https://finance.yahoo.com/news/sec-commissioner-hester-peirce-says-182020019.html