We support charitable initiatives of the Monster team. The end of the year is a perfect time to share with those who were a little less lucky.

https://minterscan.net/tx/Mtf9bf8383e5851aa0d106656183c5888586cb574da62ca5b01cc01be863817b74

P.S. The payload message says “for the kids” in Russian, and the coin ticker translates as “the good.”

#DOBRO

Please find below the official press release with regard to the Minter Demo Day event and Minter network’s current milestones in achieving mass adoption:

https://medium.com/@MinterTeam/minter-holds-its-first-demo-day-just-six-months-after-launch-announces-upcoming-changes-c82adaa3e419

So good to see the platform grow and improve. Only 7 months have passed, and many aspects that caused confusion and speculation in the community are now working like a charm. Take LP - everything came to the initially declared rules. Mbank guarantees the purchase of any quantity of BIP for the current market price, and is more for BIP specifically, especially large quantities. It's for the "I'm gonna launch a validator right now" kind of users, because entering that business already costs a minimum of 6M BIP, or about 200K bucks, and buying that amount is serious business.
As for the "gonna sell some bip real quick and buy a game" type, you should look into trading services, i prefer fully automated ones. Recently tested just how quick it would be for me to go to the store and pay with my BIP. It took about 5 minutes to process everything - threw some money onto 1001 using an Any.Cash USDT address, then i converted it to roubles and sent it to my Qiwi virtual card, which was added to Apple Pay, and you know the rest. Think about it - we can have money that isn't tied to any government or company, which you can turn into anything you need no matter where you are. Money that can't be frozen or stolen, is available 24/7, is always being improved and simplified. Transparent money. Fair money.

My money.

🍃 Mint Digest #16
A fresh past week events review

Minterscan & Zen
• We reviewed the details of the InDEX Project IMO and shared the most important
• We carried out scheduled work on the server

New on Minter.Wiki
• PayMnt
• Jazzme
• Joobip

Partners
• MinterToolsBot has been updated

Project News
• MinterCat project switched to MSCAN.DEV API
• Racoon Labs Team has announced new services
• BTC.Secure updated logo
• MinterInfoBot learned to notify on turning on/off of Validators
• 1001BTC Exchanger moved the IMO to January 2020

Important from Minter's Life
• The Minter Team delegated 9,000,000 BIP to different Nodes and told about projects that will receive grants in the first place
• Minter Demo Day photos were published
• Minter Network produced 3,500,000 blocks
• Daniil Lashin published the first public assembly of texasnet
• The Network has 171 addresses with a balance >1M BIP and 25 addresses with a balance >10M BIP
• Ukraine legalized cryptographic payments
• Telegram Team launched the second stage of a TON Developer Contest

🍃 See ya!

#summary

Let's get some global awareness!

Starting this week core-team will be sponsoring promotional efforts to make Minter a #1 blockchain brand in Telegram and YouTube.

Our focus:
– 10 languages
– Continues campaigns
– Launched projects and Minter itself
– For developers and users
– Only Telegram and YouTube
– 100K to 1M grants

We are ready to give away up to 50 million bips in year 2020 alone! Our first grant went today to International Promotion Fund (https://minterscan.net/tx/Mtb9b26802ac898058ab447d601312d4251b26b30b497d024f7d7ad4fb92db728a), so get ready to apply in few days with your ideas!

#promo #bigbang

Total amount of funds addressed to developers, promoters and liquidity providers in 2020 will be around 150 million bips. We need strong projects, growing awareness and instant liquidity for network's coins to push Minter in the top league of decentralised services.

Minter Development Foundation will be launching many initiatives as contest and hackathons to ensure only the best of the best get support and funds.

So if you know how to build blockchain-based projects, run Telegram and YouTube promotions, and have experience in trading, start preparing your pitches and presentations.

#bigbang

Starting today, we will be publishing speeches of Minter Demo Day #MDD participants.

In the first presentation, Daniil Lashin reveals details of the upcoming Minter 1.1 upgrade.

Each module of the new blockchain version has been, if not rebuilt from scratch, significantly optimized and improved.

In this report:
– Maximum supply of custom coins
– GasCoin in checks
– Wallets with multi-signatures
– History storage on the nodes and events storage optimization
– Elimination of custom coin liquidation and introduction of the minimum reserve
– Reduction of the load on the nodes
– Rewards optimization
– Console-based node management tool

🖥 Presentation
🛠 Testnet Minter 1.1 (Texasnet)

@egordeev: “A clear and simple example of how you can use blockchain in real life:
- You have an office
- There is a vending machine in there
- Every day, employees are credited with coins they can use to pay for coffee, snacks, stuff like that. Not everyone has a startup business and can spend investor money on a kitchen with endless food and drink; many pay for those things
- There is an office coin (token), and it will work only on the company’s devices. But it has a real value, and if one of the employees wants something beyond the limit, they can buy more of it. Or vice versa: sell to top up a mobile phone or pay for gas. Or transfer it to a colleague, of course
- Each charge is in the chain and can be tracked, if necessary—e.g., for statistics, reporting purposes

Below is a video that shows how it works.

Now imagine that instead of a vending machine, there are gated parking lots connected to the blockchain (each tenant has a limit); paid WiFi access points at an airport, hotel, or park (you scan, pay, and get the amount of time you’ve bought); interactive billboards (type the text, send it, and your better half sees the message), etc.

All of this can be done on a simple Raspberry Pi board and a fast Minter blockchain.

First, people will pay machines via the blockchain, and over time, machines will be paying other machines for people as they simply don’t know what Visa or a bank account is. What they need is a specific payment status, not ‘please contact your bank.’”

Engineer: @webcounters
Credits: @BTCSecure

BIPs for dollars from your bank card? No problem!

Mercuryo is now connected to bip.dev! Buying BIP with U.S. dollars, euros, or rubles has become easier than ever.

Try it yourself👇
https://bip.dev/card

Develop games and loyalty systems. They are the real deal!

@egordeev: “I gather that many are mistaken in thinking that the Internet of Money necessarily implies digitized national money used to pay for everything and everywhere. The same ideas were taking hold in the ’90s when everyone expected all content to be professional and to copy newspapers, compact disks, and other off-line containers.

In reality, the Internet of Money represents relationship systems established by the communities—e.g., in-game coins and loyalty points. Without such kinds of money, efficient growth becomes merely impossible as every system itself programs the corresponding terms of use. Think of it: you do not spend U.S. dollars within World of Warcraft, nor do airlines deposit pure cash to your account (hint: even in case they do, you lose up to 90% of all opportunities; my effective cashback through points reaches 5% from all purchases).

That is why what I am betting on today is not the swap of U.S. dollars or Indian rupees to the blockchain, which will ultimately lead to fierce resistance on the part of governments (cases of Libra and TON), but the development of private money in projects. The more efficient the systems, the faster the national money will be digitized as there simply will be no other option left. People transition from cash to cards, from cards to Apple/Android Pay, from contactless payments to QR codes, and so on.

In-game coins and loyalty points are a ‘Trojan horse’ strategy blockchains can adopt. The gaming industry rakes in the largest revenues among the broader entertainment market, superseding all others combined. Loyalty is what every business needs, and as we all know, marketing costs per returning customer are ten times lower. In both cases, thanks to blockchain, the following model is perfectly implemented: one can be assured that millions of people will receive their funds and be later able to use them inside the system or transfer them to their friends. Maximum security, highest uptime possible, protection from balance tampering, extremely low infrastructure costs. Both coins and points have already become part of contemporary IT systems, so you will not have to persuade anyone on the benefits of the transition to decentralized ledgers, and even more so, to digitize anything.

Now, let us take a look from a regulatory perspective. Watchdog agencies are indifferent to where you store user coins and points—be it MySQL or Minter blockchain—their main concern is whether you pay corporate taxes. Just like with the common digital assets that have been in use for a few decades now.

I am confident that the years 2020 and 2021 will first give a head start to these two directions as demand for solutions is colossal—all users want to entertain themselves, and all users want to benefit from taking part in the systems. Consider the idea that loyalty gamification is one of the most efficient formats of audience engagement and retention (raise your coefficients as you level up), and vice versa: special loyalty programs for players (invite your friends) allow businesses to get products similar in functionality yet diverse in terms of potential use cases and applications.

There is no need to exaggerate and try to give everyone in the world a Bitcoin so as to create a single free market of money. What is needed, though, is attending to seizable problems facing projects and businesses. By solving them, we will acquire grateful users; those who will stop running from crypto like the plague and thinking of it as ‘something out of thin air.’ Once they can buy WoW armor or flight tickets, no one will care about how it is called—people will only want it to continue to work just as cool.”

Create businesses

Cryptocurrency and blockchain, what are they? Merely technologies for improving the efficiency of processes which, in their turn, lead to the achievement of goals. The goals themselves have remained unchanged over centuries—individuals, teams, and organizations are all willing to profit as a result of their activity, and the best way to accumulate that profit is through a new-fashioned business structure.

Novel business does not mean, of course, someone profiting from the growth in the coin’s price. Although some would not find any fault with that, just as is the case with any resource corporation (e.g., Saudi Aramco has become the world’s most valuable publicly-traded company precisely because it operates the largest oil fields on the planet). In the most simplified model, any business needs unit economics under which every trade generates income for the company and subsequently, profit—after all costs have been incurred.

The most straightforward and comprehensible business on Minter today is block validation. Companies offer users their services, charge a commission fee, pay their expenditures, and if properly organized, make a profit.

Games are another good example of how to get the maximum out of using blockchain—you can send out millions of coins that gamers will use to start playing, including via referral programs. All transactions instantly and transparently recalculate the balances, leaving no room for cheating. Which is vitally important in games such as chess: you want to make sure that your opponent is not a robot but someone who has a history and is at your level.

At the end of the day, the most benefit from their work will be captured by those who capitalized their intellectual property with positive unit economics in the form of business. And if while doing so, you see the token’s price increase as well, you have done everything just right.

No payment system and no national currency is on par with blockchains and crypto in terms of global reach and transfer security. That must serve as a basis for improving already existing businesses and building the new ones. But do not center them around selling the coins; rather, create full-fledged processes that will not run on any other tech.

We suggest that everyone who has already launched a project on Minter starts thinking about promotion. On Monday, we will publish a grant application form. The grants will be intended for user acquisition across Telegram and YouTube.

In case you do not have relevant experience in advertising, hurry up and find a specialist within the community so that you could team up and submit a joint application.

The maximum amount granted will start at 100K BIP. Those who run their first campaign successfully will be allowed to apply for 300K BIP, then for 1M BIP, and so on.

We did a terrific job launching projects, resolving issues, and establishing a relationship with early users/customers in 2019. It is time to build up our success from there!

Very soon, our European broker will start exchanging BIP for the euro and vice versa as Minter Global OÜ obtained a new crypto license last Friday. Congratulations to us all!

View on the register’s website: https://mtr.mkm.ee/juriidiline_isik/242983

What did we achieve in 2019?
– Minter Mainnet launched and subsequently tested by a number of teams
– Many interesting projects in various fields utilizing coins in their own economies
– A fully operational U.S.-based entity for the promotion of the network, Minter Development Foundation
– A fully operational E.U.-based broker for exchange operations, Minter Global OÜ
– Minter 1.1 undergoing tests and trials (Texas 🏴󠁵󠁳󠁴󠁸󠁿)
– Minter 2.0 undergoing development (Chili 🌶️)
– An active community of at least 10,000 members
– One of the most visited websites among the networks launched in 2019
– The network itself and its native digital currency listed in numerous catalogs and rankings
– Millions of transactions without a single error; millions of blocks with insignificant issues at the start
– Over 1,600 coins created
– Total reserves at 650M BIP—i.e., half of the free float
– The share of 10-percent-CRR coins in total reserves at 250M BIP
– 15x BIP supply growth. For comparison, in 2020, this figure will be only 2.5
– 2.5x BIP rate drop compared to the starting price and 6x compared to the all-time high (it once peaked at 15 cents apiece)
– Network capitalization: $40M; coins capitalization: $65M
– Numerous improvements to all user products
– Constant updates of the code of key services, SDK, and API
– Infrastructure strengthening
– First Minter Demo Day, 20 presentations, tens of teams, over 100 participants

What goals is it important for us to reach in 2020?
– Design MinterID to increase trust in the network and implement end-to-end verification without revealing personal data
– Launch Minter 1.1
– Launch Minter 2.0 and first services (sidechains) on it
– Start preparing a single API for all services on Minter 2.0
– Launch HUB
– Support games and loyalty systems
– Support merchants (coins -> codes)
– Support Liquidity Providers
– Promote the network and projects across Telegram (300M users) and YouTube (worldwide)
– Launch and develop 10 localized communities
– Obtain a listing on a regulated venue with fiat support
– Introduce a package of measures for the expansion into the U.S. market (types of activity, legal procedures) with maximum cautiousness and concreteness
– Once the SEC v. TON case is resolved, examine it thoroughly and apply for a no-action letter
– Establish a working group to support businesses that use blockchains
– Open bank card gateways for deposits/withdrawals
– Form a team for working with institutional investors
– Start preparing for a European ETF
– Analyze the benefits of entering specific countries/languages
– Analyze the benefits of entering specific markets
– Build up a one-stop knowledge base about the network, its products, and projects & further maintain it
– Update the websites of the network and the foundation
– Publish MIP
– Launch IOMA

What goals is it important for us to reach in 2021?
– Bring BIP to the world’s top 10 utility tokens

🎯 Project Promotion Grants

Users are the main power driving any project or system! In this regard, a U.S.-based entity Minter Development Foundation is launching a grant program for projects that are already successfully running on the Minter network. The initiative aims to assist you in attracting new users. The grants are intended for promotion, marketing, and advertising purposes.

📋 Grant Issuance Conditions
— A fully operational project based on or utilizing the Minter blockchain;
— A clear understanding of your target audience;
— Ready-to-be-implemented, detailed promotion or advertising campaign plan;
— Willingness to collect and analyze statistical data & provide corresponding reports.

Currently, only projects focused on user acquisition across Telegram or YouTube qualify. The maximum amount granted will start at 100K BIP. Those who run their first campaign successfully will be allowed to apply for 300K BIP and subsequently, 1M BIP.

🔬 Details
• The grants are issued in accordance with the MDF Grant Policy;
• One needs to comprehend their objectives and be able to effectively communicate them via the application form;
• Experience in advertising will increase your chances drastically;
• Priority will be given to the projects with the highest potential reach (games, loyalty programs, services that are useful for a mass, non-tech-savvy audience);
• Submitting an application is the first step toward being awarded a grant. Once the Foundation has received your application, the review process may take up to two weeks. Successful candidates will then be contacted and invited to the next assessment stage.

📩 Apply Now »

Minter Push Hackathon

Over 1.5M of BIPs and other coins in prizes to solve this problem!

https://medium.com/@egordeev/minter-push-0-1-1363de8846eb

Voting on Minter 1.1 Upgrade Proposal

An official page dedicated to voting on the Minter 1.1 upgrade proposal was opened Tuesday. In this vote, the list of updates to the network introduced by the developer team will be decided upon. If over two-thirds (66%) of the network capacity votes in favor of proceeding with the upgrade, there will be a second round of voting aimed to determine the block height designated for the network’s upgrade and the node’s code hash audit.

All current Minter network validators are eligible for participation. To cast a vote, use your reward address or validator management address. The voting will conclude 2/10/2020 12:00 AM UTC.

https://minterscan.net/proposals/1.1a

We express our gratitude to the Minterscan team for creating the voting interface.

🏆 The Meet Minter Multi-Language Article Contest

As part of our program aimed to increase Minter’s brand awareness across speakers of different languages, we invite you to participate in our new article contest. Aside from the prize, authors of the best pieces will be given an opportunity to contribute to the development of Minter’s localized communities.

📋 Terms
1. Write a high-quality introductory article on getting started with Minter in one of the following languages:
— Turkish
— Italian
— Portuguese
— German
— Indonesian
— French
— Chinese
2. The work is to be published on Telegra.ph
3. Only unique articles are accepted, no re-writes or translations. In addition, we have zero tolerance for plagiarism
4. 1 author = 1 language = 1 article
5. You need to be fluent in the language of your choice (written) so as to later join in building a corresponding localized community
6. The submission deadline is 2/15/2020. The prizes will be distributed by the end of February

Feel free to divide your guideline in whatever sections you want. Some of the ideas are presented below:
• What is Minter?
• How to create a wallet?
• What are rewards and how to delegate?
• What projects are out there (games, services, bots)?
• etc.

The ultimate goal is to acquaint new users with Minter, tell them about its advantages, and provide answers to questions that may arise.

For each language, there will be three prizes:
🥇st place = 25K BIP
🥈nd place = 15K BIP
🥉rd place = 5K BIP

Authors of the best pieces will be offered the position of community manager.

📩 Submit Your Article »

A fourth option to pay with a bank card—CEX: https://bip.dev/card