And we have the winners of the #howtobuybip contest!

🥇st place (150,000 BIP): https://www.youtube.com/watch?v=kXRZtIXSII4&feature=youtu.be
🥈nd place (100,000 BIP): https://www.youtube.com/watch?v=yf0Zb6ElpS4&feature=youtu.be
🥉rd place (50,000 BIP): https://www.youtube.com/watch?v=nZGCRj7IQtY

The special prizes of 10,000 BIP each go to:
▫️https://www.youtube.com/watch?v=X6UF0ZOo27o&feature=youtu.be
▫️https://www.youtube.com/watch?v=RQ2bTi9nHk4&feature=youtu.be
▫️https://www.youtube.com/watch?v=km6SKbAnHzY&feature=youtu.be

We want to say thanks to all participants! There were many decent works, and it was really hard to choose the best ones. Please continue sharing your videos: we must join forces for the promotion of our network if we are set to reach even greater heights.

Minter-Powered BTC

Many of you may have noticed that last Thursday, the BTC coin was issued on the network. It’s a “dummy coin” with minimal reserves that can’t be bought or destroyed—it’s backed by 10,000 BIP, while initial supply matches the maximum one.

Such coins are similar to ERC-20 tokens on the Ethereum network, with the only difference being that in our user-friendly environment, the throughput is considerably higher, and transaction fees do not exceed 1/100th of a cent. Plus, all transactions are final in five seconds.

With this coin rolled out, we are one step closer to a fully-fledged DeFi ecosystem. In it, MinterVault will store the top 10 cryptocurrencies for each Mainnet address, mirroring activity that’s happening on the actual chains. Once the MinterVault multisig is released, it will take control over the entire BTC supply, which will be first transferred there.

We can say with great confidence that by the end of this year, you’ll already be able to multi-send Bitcoin to hundreds of receivers in five seconds, spending no more than a couple of cents in total. The case is quite simple: if the user needs a wallet that’s fast and easy to use & understand, they install any of those available on Minter and create their main address, at the same time activating tens of others, such as BTC, ETH, and XRP. From there, the user can not only operate those coins within Minter but also transfer them to the “outer world,” that is, the original networks.

For now, let’s not talk about how we’ll ensure the exchangeability between BIP, customs, algocoins, and cryptocurrencies of other blockchains. But one thing is for sure: even your grandma will find it convenient and clear.

DeFi goes mainstream!

Example of a transfer of 1 Satoshi @ 1/100th of a cent in 5 sec.

DAO

Ten percent of the network’s mining goes to the DAO address, which is managed by Minter Development Foundation (a U.S.-based charitable organization). It is these funds that will be used to sponsor:
– promo,
– development,
– liquidity enhancement,
– legal assistance,
and many other types of activity aimed at increasing the network’s value in general. First and foremost, the DAO‘s mission is to popularize the blockchain itself and show what it can do. Unlike many other networks who do not have grant budgets, we offer a unique opportunity to the most out-of-the-box ideas and experiments that would otherwise not receive funding from commercial structures.

As of today, DAO owns over 200 million BIP and is the largest coin holder on the network.

Keeping you posted on everything we do, every month. Now with the links!

Make sure to clap as many times as you can, the team will appreciate it.

DeCenter supported Binance Super Meetup, which featured CZ and representatives of major blockchains. Some numbers:
– 2,350 people joined an exclusive members-only group in two days
– At one point, as many as 600 people were watching the live stream
– Almost 5,000 views (one of the top 10 videos on Binance’s YouTube channel)
– Once the stream ended, hundreds of people took a quiz that included broader questions about the market

The prizes are awarded in DEC—DeCenter’s coin issued on the Minter network. If you want to repeat such success, get in touch with @DCTeam.

Tools:
– Minter-powered coin and distribution products ($1,000 worth)
– Exclusive members-only Telegram group (free)
– YouTube live stream (free)
– Google Forms quiz (free)

#binance #decenter #minter

Minter Network’s First Algocoin

@MinterBITBot that’s been rolled out today is an alpha version of a sidechain service developed for Minter 2 by an independent blockchain team. In early summer already, you’ll be able to exchange BIP for Bitcoin, Ether, and Atom via atomic smart contracts similar to Uniswap. There’ll be a lot of liquidity, and it will all be automated.

Sidechains and smart contracts are the future of interaction between all market players with maximum execution guarantees.

Tests will be run with 25,000 USDT and 25,000 BIT in reserves.

According to our information, this marks the fourth project moving full-steam ahead towards connecting Minter and other blockchains through a single MinterAPI. If you’re currently working on such a product, get in touch with @seo2z should you need any help—right now, decentralized liquidity is our top priority.

#BIT

Our Focus

Once TON’s American story came to an end, it has become clear what regulators expect from blockchain projects, especially those targeting mass audience. So from now on, there will be three tracks for us to follow:
1. Work with small- and medium-sized businesses
2. In the U.S. (grants) and E.U. (sales)
3. Rewards mechanics exclusively, i.e., services giving coins to their users for completing specific actions

It will be all built as SaaSes on top of public blockchains managed via a uniform MinterAPI.

It’s that very mass adoption, with the only difference being that we’ll enjoy it through businesses who’ll also benefit from applying decentralized databases and guaranteed contract execution conditions.

minter.org will become a hub for solutions provided by all developers from the community and will rely on MinterID, a single account for each user on the network.

Think of it as WordPress (in a good way), which offers businesses flexibility in setting up solutions, be it entirely customized implementations or built-in plugins. Only in our case, everything runs on the blockchain and its native digital coin BIP, which is the one that makes it all work.

Coming soon are releases, implementations, and business cases to brag about. The Internet of Money starts with rewards that one can spend however they want.

Minter Network’s Official Representatives

Starting summer, Minter Development Foundation will launch a program for licensing official representatives who will engage in the development of network’s products. In each country, one to three companies will be established. Upon the completion of certification procedures, they will be able to provide the following services:
– Development of individual solutions for enterprises
– Implementation of open-source solutions presented by the community
– Consultations on the issues related to launching a validator on the mainnet and sidechains
– Legal counseling
– Token purchase & sale coordination
– Participation in conferences, meetups, and other public events

Licenses will be awarded for a period of 12 months, with the option of a further extension. Representatives must cover their activity on a regular basis in the form of reports.

A legal entity registered in the country of representation is a mandatory condition.

MDF will allocate 100,000 to 300,000 BIP per month, depending on the overall activity and results shown.

In countries whose population is more than 100 million people, there may be three representatives; less than 100 million, two; less than 20 million, one. For individual countries with highly active communities, these limits may be revisited.

We kindly ask all interested parties to start preparatory work. We will publish the application form at some point next week. Selected winners will automatically appear on the minter.org website, sorted by country of presence. They will also be able to set their status to, for example, “Minter’s Official Representative in Ukraine” or “Minter’s Rep.” for short.

Each representative will have to specify their company’s key person to obtain the Verified status within the MinterID framework.

On its part, the team will provide representatives with maximum support and access to solutions that have not been released yet.

MDF aims to have no fewer than 25 representatives by the end of year. Through them, the network will enter local markets.

#rep

The BIT algocoin facilitates processes for stores:
– Accept BIP and custom coins, exchanging them for the BIT stablecoin on the fly
– Send BIT to a special address, entering your Ethereum wallet in the payload
– Allow approx. one minute for USDT to be deposited (depends on the Ethereum network’s block time)

It works perfectly with @AnyCashBot, which offers loads of conversion options (thanks Scrooge for the heads-up!)

For more info, visit @MinterBIT

#BIT

Current rate in @MinterBITBot is 1 USDT = 1 BIT = 164 BIP, so 1 BIP is around $0.0061.

Swaps are made in seconds!

#BIT

Voting for BIP listing on Gate.io

IOMA announces preparations for voting on BIP listing on the exchange Gate.io.

In this regard, we ask the entire community to write their comments on Twitter with the hashtags #minter #bip to this tweet.

In the message, be sure to write why the exchange needs to do a BIP listing, and what are the advantages of the Minter network.

#IOMA

How to build a user wallet system, easy and fast

We are often tasked with setting up and managing wallets on users’ behalf, giving them access to interfaces only and therefore leaving them out of the geeky stuff we all love so much.

Use multisig with three signatures: user, verifier, and recovery. To send a transaction, the user creates it via your interface, while Server1 generates a broadcast that contains information about the sender, receiver, amount, first signature, and other necessary parameters. The verifier, which is stored in a secret place, is overseeing the stream of broadcasts. If nothing suspicious is flagged—and you can adjust this setting—it generates the second signature and transmits everything onto the chain.

In case someone hijacks the server with users’ private keys, they’ll not be able to do anything. The hacker will never get to the verifier because only admin knows it exists. In case of an attack, the verifier and recovery address could create new wallets, transfer all funds in a matter of minutes (tens of thousands of transactions), and set new parameters for users.

Whales

The Minter network counts 35 delegators whose stakes are over 10M BIP. A year ago, 10 million would give you 10% of the entire staking, and today, rank you only 35th.

https://minterscan.net/delegators

Starting today, Coingecko will be the main source for the rate of BIP: https://www.coingecko.com/en/coins/bip

Everybody please update your systems. And don’t forget to hit that “star” button!

For a decentralized method of BIP price discovery, you may use BIT: https://chainik.io/coin/BIT

For example, as of now, 1 BIT = 142 BIP, which roughly translates to $0.007 per BIP. Once there are more algocoins, an average basket value could be found instead.

Today, we’re revealing some more details about the upcoming CAT Super App.

Each and every one of our development decisions stems from personal experience of Minter blockchain users. Without further ado, enter favorite addresses, a feature that sure has been long awaited!
🐾
You’ll no more have to waste your time looking for and copy-pasting that one address you need. Just add it to favorites and get ready to make transactions in one tap.

Besides favorite addresses, we also introduce a list of favorite coins, which will be shown on the main screen. It will allow you to hide dummy & spam coins and quickly access the ones you actually use.

https://bip.dev now gets BIP’s price from CoinGecko. Nothing else has changed.

From now on, DAO will no longer supply liquidity to bip.dev. Available are only the volumes that users priced at or below the market.

If buyer’s order has not been fully filled, the remaining BTC is returned to their address.

Crypto-Backed Lending

The BIT team built a prototype system that automatically issues short-term loans in BIP with ETH and USDT as collateral. Once Minter 2 is live, MinterEVM smart contracts will be running all processes independently.

As the network grows more popular, one will also be able to borrow BIP against future rewards from mining.

For now, you can test the alpha version using the @GarantoBot.

We urge all developers to actively learn Solidity and explore interesting cases on the Ethereum network that could later be brought to and applied in Minter 2.

Minter is an open blockchain network that lets anyone create and manage their private coins, which can be exchanged at a fair price with absolute and instant liquidity. BIP as the native token of the Minter is used for the following:
- As a reserve for private coins;
- As a stake to support the DPoS consensus;
- To pay the network fees;
- To interact with the sidechains, including VMs.

Starting today, BIP is officially listed at the Bithumb Global exchange!

https://support.bithumb.pro/hc/en-us/articles/360047755794-Minter-BIP-Listing-May-15-2020

Minter Global OÜ, acting as the Minter liquidity provider, has supervised the listing procedure and approves Bithumb Global as the official platform to purchase and sell BIP.

You should remember that trading digital assets is an inherently risky activity. Please be careful and diligent, and always mind your personal financial situation.