Minter Network – Telegram
Minter Network
8.52K subscribers
202 photos
8 videos
579 links
Minter is an ultra-fast and robust cross-chain DEX with in-core AMM and order book powered by its own Layer-1 Blockchain.

https://www.minter.network/bip
Download Telegram
We have gathered feedback from our users and composed a list of the most common obstacles they faced while passing the KYC procedure:

https://medium.com/@MinterTeam/solving-kyc-related-issues-34aaf846a602

Should you have any other problems that are not discussed in the article above, you are more than welcome to reach us at @MinterPSbot.
Minter allows anyone to issue their own coin. There are two distinctive features that make our blockchain stand out:
• Each coin has value right from the start without the need to be listed on an exchange;
• Any coin can be exchanged for any other one issued in the network—again, without an exchange. Instantly and with no limits. Later, it will be possible to swap all of the Minter-based coins for Bitcoin, Ether, and U.S. dollar.

It’s high time we showed you how exactly to create a coin for your own project: https://medium.com/@MinterTeam/how-to-create-your-own-coin-the-definitive-guide-9186a5c41415
FIFO: The Process of Crediting BIP after the End of the Early Access Campaign

To strengthen the security of the process of crediting the coins and ensure support for Minter network first users, we have designed the following protocol:
• Validator pools will be the first to receive the coins. There are only about 20 such pools, and the number of public ones is even lower. That’s why it will be enough for us just to check all transactions once more and transfer the corresponding volumes to the pools. The process will take 2 to 3 days.
• After that, a special team will start checking all incoming non-pool transactions, contact users, and help them get their BIP. At this stage, it will be essential for us to make sure that everyone understands how to claim their coins, where to transfer them, and how to protect their holdings. The process will take 1 to 2 weeks.
• Once we confirm that 80% of Campaign participants transferred their coins, pools fulfilled their obligations, and all users got support and consulting, we will start an airdrop that will last for months.

A few pieces of advice:
• If you don’t want to delve into the network specifications yourself, the best option is to purchase BIP through a pool. Pools are run by professional teams who have prepared great participation mechanisms, including those involving bonuses.
• If you want to become one of the first BIP owners to set up your own masternode or become a delegator, the sooner you sign up for the Campaign, the better. In a young network, every day matters—he who starts earlier gets most of it.
• If you plan to create a project based on Minter—for example, an exchange or a wallet—and can’t satisfy your needs under a 10 BTC limit, reach our team at @MinterPSBot so that we could help you plan everything in advance and also provide consulting on the network’s architecture and capabilities.

The general principle, FIFO (First In First Out), implies that those who will be the first to participate in the Campaign will also be the first to receive the coins and start working with them.
⚡️ Minter is offering a 25-percent bonus to all of the users who top up their balance until October 19, 2018, 19:00 UTC. If you have already deposited the funds to your account or plan to do so in the next 10 days, then you’ll have a 25-percent bonus on all of your deposits.

It doesn’t matter whether you participate directly or through a pool. A 25-percent bonus will appear for each of your transactions in a separate Bonuses and Airdrops section that will be launched in the next few days!

Sign up via @MinterNetworkBot or https://bot.minternetwork.com.

With this bonus, we want to thank all those people who have been supporting the project from the first days 😎
We are preparing for a future listing on an exchange and negotiating with authoritative websites about full cards of our project with the BIP cryptocurrency ticker.

The other day we got our information updated on a mega-popular CryptoCompare:
https://www.cryptocompare.com/coins/bip/overview/BTC
Minter Bonuses and Airdrops

We will distribute the unrequested BIPs once the sale ends, proportionally to the buyer’s participation. Hence, many will receive bonuses that they will be able to activate during the first month after the launch of the network.

Final amount to be credited will be formed from the following sources:
• Purchased BIPs
• Bonuses in unrequested BIPs
• 25-percent bonus for Early Access (for those who sign up before October 19)
• 10-percent referral bonus for inviting friends
• Pool bonus (for those participating through a pool; up to 25%)
• Airdrops

We think that many users will eventually get a total amount of bonuses equal to the amount they purchased.

Remember this post as tomorrow we will make a very interesting announcement regarding bonuses!

https://bot.minternetwork.com
Participation of Funds in Minter Private Sale

As we informed you earlier, we will allow the funds (companies representing the interests of groups of people) to participate in our project in the very last moment to ensure the maximum number of users gets access to the Campaign. Despite the usual practice of selling large stakes to the funds at mind-blowing discounts, we will do a slightly different thing. All bonus formats of participation end on October 19 and the funds are not eligible to qualify. Starting October 25, however, we will remove the upper limit of 10 BTC and allow the funds to buy in.

To participate as a fund and get a special invitation, fill out this form:
https://goo.gl/forms/uYPhoh63K0pCmoGs1

Priority will be given to the 50 BTC applications because of decentralization.
⭐️ All your bonuses and airdrops are now available on this page:

https://bonus.minternetwork.com

By the way, do you already know that you will receive 10% on each balance replenishment your friends make provided they use the invitation link you gave them?
Airdrop for KYC

Users who pass the KYC procedure before October 15 will receive an additional airdrop. Don’t hesitate and sign up via @MinterNetworkBot or https://minternetwork.com/invite/helloworld!
Release v0.5.0

Today, we are planning to update the testnet. All data will be reset.

The testnet #22 accomplishments:
• 420,000 blocks;
• 5,000 transactions in a block (peak);
• A total of 465,000 transactions.

What’s new in version 0.5.0?
• Support of multisig wallets. Will be accessible in the Console soon;
• Unbond period decreased to 720 blocks in the testnet;
• Maximum number of candidates in the network — (number of validators*3). Right from the start, there will be 48 (16*3) slots;
• Maximum number of delegators per one candidate/validator — 1,000;
• Tendermint updated to v0.25.0.

An important change for testnet validators: test coins for masternodes will now be delegated directly to a node instead of being sent to a wallet. This will enable you to test the income from the commissions you charge your delegators. We will start to distribute the coins within one to two hours of the stable functioning of the network.

https://github.com/MinterTeam/minter-go-node/releases/tag/v0.5.0

The new network will start operating at 15:00 UTC (18:00 Moscow time). We will disable the current testnet shortly before that.
Stages of Launching MBank, the Validators’ Bank

As we mentioned earlier, MBank—the bank of validators—will be the critical feature of the network. With its help, validators will be able to sell the BIPs they’ve minted placing large sell orders, and users will have the opportunity to sell any coins at a market price.

The launch of the system will proceed in four main stages:
1. Before the Mainnet goes live, validators (organizers of pools) will be able to transfer the right to request BIPs to any user through the Early Access Campaign website (minternetwork.com). The price will be fixed at 1 BTC for 100,000 BIP.
2. Once the main network is launched, validators will be able to place sell orders of 100,000 BIPs—which they will have minted using their personal funds—at a fixed price (1 BTC).
3. After having tested the first two stages, we will enable each validator to set their own prices for coins and determine the size of the order.
4. Any user will be able to use their wallet to exchange any coin for BTC, ETH, and even USD, as well as for the withdrawal to a bank card.

Here is the logic behind our plan—we will first learn to execute concrete trades outside of the blockchain, then on the blockchain, then with different prices, and finally with fiat for every user.

The key operations with MBank will be accessible to users on minternetwork.com after passing KYC, so hurry up.

https://minternetwork.com/invite/helloworld
Today and tomorrow, we are presenting at CryptoGames in Minsk. Come visit us! http://cryptogames.events/tickets
Halfway through—we’ve sold over 50% of all BIPs 🤘
KYC Issues?

If you experience problems with passing the KYC procedure, please do not hesitate to contact our technical support specialist at kyc@minternetwork.com

They will then manually review your application and activate your account!

You may also refer to https://medium.com/@MinterTeam/solving-kyc-related-issues-34aaf846a602
New bonuses have arrived!

We held a negotiation round with funds and selected a short list of those with whom we will work. As of today, funds have applied for requesting almost 1 000 BTC worth of BIP.

We will allow them to buy in starting October 25, with no bonuses or any other special conditions, which means 100 000 BIP at 1 BTC.

To provide our faithful friends—members of our network—with an additional opportunity, we decided to introduce a 20-percent bonus on all balance replenishments made starting October 19, 21:00 up until October 31, 18:10 (UTC).

We believe that real people are more important than large funds as they create a network effect by exchanging coins with one another.

What bonuses can you receive before the Campaign ends?
• 10% on all BIPs your friends request using your invite link
• 100 BIP for each of your friends signing up and passing the KYC check
• Bonuses offered by pools (if you are a member of one of them)
• 50% on all BIPs you request, provided you have contributed significantly to the Minter project promotion

Once the Campaign has finished, MBank will start operating right away (https://news.1rj.ru/str/MinterTeam/39)!
“Money is the most undisrupted space the world has seen in the past 40 years,” said Eugene Gordeev, product owner of Minter and a passionate Bitcoin evangelist. “Today, people are so well-connected to the P2P economy through stand-alone, self-employed businesses like Airbnb hosts, Uber drivers, YouTube bloggers and Etsy crafters, to name a few. Now, the only thing missing is private money issued and managed by those who want to make their products and services even more special.”

Read More: https://bitcoinmagazine.com/articles/minting-future-cryptocurrencies/
Why did we choose Tendermint?

When we were starting to work on Minter almost two years ago, we decided that we would use only the industry’s best practices. In other words, if we can use someone else’s code—especially that written by strong teams—we should definitely do that. We aim to provide our users with the most efficient blockchain and not to collect awards for programmers. At first, we bet on Ethereum code because many popular projects had already been using it at the time. After having created a prototype last fall, however, we saw numerous limitations the engine put. We then conducted an in-depth market analysis and found a perfect candidate for our core—Tendermint!

Tendermint is an open-source engine for blockchain projects.

It allows the members of the network to reach a consensus really fast. Using Tendermint, a blockchain developer can be assured that all active nodes store same sets of transactions, balances, accounts, etc. Thanks to its own consensus algorithm, Tendermint allows for the processing of tens of thousands of transactions per second. The engine itself is written in Golang but lets programmers use any programming language to develop their blockchain.

As of now, over 70 projects—including Cosmos SDK, Cosmos Hub, 0x Project, and OmiseGo—use Tendermint.

The Minter blockchain also uses Tendermint and the DPoS consensus algorithm for high network performance.

Everything we develop is 100% open. Visit our GitHub to view the code and contribute: https://github.com/minterteam

If you got any questions, you may ask them in our chat: t.me/joinchat/EafyERJSJZJ-nwH_139jLQ