🗳 Voting for Minter 1.2 (Proposal С)

A new voting to upgrade Minter Network begins today

🎯 Purpose
• Approve the list of network updates proposed by the development team

📋 Updates

1) Сhange the way stake’s BIP values are calculated:

bipValue = (reserve - CalculateSaleReturn
(nonLockedSupply)) * value / totalDelegatedValue

This will make it possible to calculate — how many BIPs will be penalized in the event of malicious behavior by the validator.

2) Adding a new transaction type: EditMultisigOwners
Thanks to this type of transaction, it will be possible to use the «constant entry point» by other blockchains and sidechains.

3) Adding a new transaction type: PriceVote
This will make it possible to discover the price of BIP on-chain, which, in turn, will further allow the Network to run complex smart contracts and services.

⚙️ Mechanics
• All validating nodes vote
• Update accepted with support >67%
• Voting will last until August 07, 2020 (23:59:59 UTC)

Follow the voting on 🍃 Minterscan

#dev

🔥 BIP Wallet 2.0; node 1.2; CoinMarketCap, CoinGecko, and Bithumb Global charts…

You can find all this (and more!) in the most recent progress round-up brought to you by Minter Development Foundation, which is already up on Medium.

Don’t forget to clap! 👏

#Minter0720

Minter’s proposed solution has been added to the official Great Reddit Scaling Bake-Off collection: https://www.reddit.com/r/ethereum/comments/i28jne/minter_network_submission_to_the_reddit_scaling/

If you find our submission valuable, we’d love it if you could show your support (for example, by upvoting, leaving a reasoned comment, or giving award)!

Thanks for the mention! https://www.theblockcrypto.com/post/73885/22-blockchain-projects-ethereum-scaling-proposals-reddit

Minter 1.2
⠀
Three successful voting rounds on, Minter 1.2 functionality is now in the final stages of development as we’re working to adapt all the services, SDKs, and applications.

Key Takeaways:
• No more unbond coins
• Coins can now be “recreated”
• Max. number of validators: 64
• You can now change the owner for a multisig wallet
• BIP price brought on-chain
• Ability to modify validator’s public key

Learn more in Daniil Lashin’s latest article »

Entire Network distilled into one document.

Feel free to share it with your developer friends who haven’t heard about Minter yet: https://minter.link/onepager

In our latest study, Minter team’s research arm analyzes blockchain industry’s venture deals that were struck between January and July of this year.

Key Findings:
• 112 venture capital investments have been made into blockchain projects this year so far
• The crypto space attracted $939M in venture financing, raising $11.2M on average
• Top three industries: Protocols (10 deals), Exchanges (9 deals), Analytics (7 deals)
• Top three raisers: Bakkt ($300M in Series B), Vesta ($125M in Private Equity), Lightnet ($31M in Series A)
• Top three investors: Digital Currency Group (12 transactions), Coinbase Ventures and Polychain Capital (9 transactions each)

Learn More Now »

Pinpon's legal division has researched the regulatory landscape for loyalty points in Europe and America.

Just some of the questions answered:
• What is the nature of tokens used within Minter and Pinpon systems?
• What regulations apply to loyalty points?
• Is there a risk of triggering securities regulations by performing operations with tokens?
• Do Minter and Pinpon render regulated financial services?
• Should you seek legal help? (Just kidding, of course you should)

This study is provided for educational purposes only. The information it contains is neither legal nor any other advice. It is author's opinion only, not authorised by any past, present or future client or employer. The author might change his mind.

Learn More Now »

Pinpon's research team looked into why brands have been so enthusiastic about reward systems and loyalty programs lately (hint: to expand and engage their communities, boost retention, and maximize virality).

Quick Take:
• Rewards are increasingly used beyond just the shopping process
• Brands are now exploring innovative technologies such as blockchain
• Branded rewards are becoming more and more transferable
• Modern reward systems and loyalty programs target more deeply personalized offers
• Partnerships with other brands lock the user into a two-way ecosystem of goods or services, while tiered memberships help make sure past customers will return

Learn More Now »

The Team has updated its site, briefly describing major projects it’s currently working on: https://grom.org/

Minter Vault

Minter Global OÜ is proud to present a new service – Minter Global Vault. This service allows you to store your BIPs in our vault and receive premium treatment – we will delegate the deposited BIPs to the best validators hand-picked by us, so that you could receive the most upside of the Minter Network.

There are two main ways to get access to the Vault services. If you already have BIPs you wish to store in our Vault, you can send the request and deposit BIPs in the Vault. If you want to use the service but do not have enough BIPs at the moment, you can purchase BIPs from Minter Global under condition that they will be stored in the Vault for a predetermined time or until you need them.

An ERC20 Ethereum token – MVT (Minter Vault Token) – will be provided to you as a receipt that proves the amount you have deposited in our vault. You can store the MVT tokens in the secure storage of your own choice and transfer them freely between your addresses, so that when you are in need of BIPs, you can provide us with the MVTs and receive the deposited BIPs plus the block rewards minus our fees, that are limited to a small percentage of the block rewards.

MVTs are created every time a new BIP deposit is made to the Vault. Initially, delegation of 1 BIP was to be confirmed by the issuance of 1 MVT. Since the amount of BIPs in the Vault is constantly rising due to the delegation mechanics and accumulation of the block rewards, but new MVTs are only issued when BIPs are deposited directly by our customers, the amount of BIPs that can be redeemed for 1 MVT is also rising. The current redemption rate of MVP is calculated as division of the total amount of BIPs in the Vault by the total amount of MVPs issued.

When you deposit your BIPs or request a withdrawal, you will receive or would have to provide an amount of MVTs as calculated based on the current redemption rate. In next 12 months we can expect up to +100% increase of the redemption rate due to the network's rewards and compound percentage of redelegation. We will publish a special web page in few days where anyone can check current balances of both Minter and Ethereum holdings, as well as BIP/MVT ratio.

The first transaction in the Vault took place on August 24, 2020: 30 million BIPs have been sent to our multi-sig Vault, while 30 million MVTs have been issued and distributed to the depositing customers: https://etherscan.io/token/0xc8218f0599b648e8c1436802fe30f0cbab4d97e2

#MVT

Minter Global OÜ is inviting you to participate in an Ask Me Anything session devoted to Minter Vault and the MVT token.

The event will be held on Friday, August 28, 2020, at 3:00 p.m. UTC in our official group.

• Authors of the best two questions asked live (during the AMA) will get 10,000 and 5,000 MVTs, respectively.
• Authors of the best two questions asked via our Twitter thread (before the AMA) will also get 10,000 and 5,000 MVTs, respectively.

See you!

We’re on in 30 minutes. Tune in and don’t forget to have your question ready: https://news.1rj.ru/str/MinterNetworkGroup

Vault & MVT AMA. Results

If you want to follow the discussion as it unfolded, start here.

Thread:
1. https://twitter.com/officialiamgmb/status/1298276078960746496 (10,000 MVTs)
2. https://twitter.com/gabbasoov/status/1298278651792957440 (5,000 MVTs)
3. https://twitter.com/creativetemmy/status/1298349728384638976 (5,000 MVTs)

Live:
1. https://news.1rj.ru/str/MinterNetworkGroup/82710 (10,000 MVTs)
2. https://news.1rj.ru/str/MinterNetworkGroup/82709 (5,000 MVTs)

All rewards will be distributed shortly.

Thanks for being engaged and asking some really thought-provoking questions. Hope to see you in our next sessions!

🏓 Customer Loyalty Management Software: Popular SaaS Solutions

Previously, loyalty programs were primarily used by airlines and chain stores, but the trend has shifted and brands in many industries now offer programs to reward customers for their loyalty.

Stats:
• Mid-size businesses lose 15% of their customers every year (based on the U.S. market research)
• Attracting new customers can cost up to 10 times more than retaining the past ones
• 68% of millennials say they need a loyalty program to keep buying from a brand
• The cumulative loss of businesses due to customer churn is estimated at a staggering $1.6 trillion a year
• 54% of consumers continue to buy from a brand if it offers bonuses or loyalty points

Learn More Now »

🔥 Research studies, AMAs, and anticipation of Minter 1.2…

You can find all this (and more!) in the most recent progress round-up brought to you by Minter Development Foundation, which is already up on Medium.

Don’t forget to clap! 👏

#Minter0820

🛡 Minter Vault 101

Minter Vault is a storage that users send their BIP coins into, getting MVT receipt tokens instead. But what’s MVT? How does it work? And why would someone even need it?

Find out in our latest guide.

What if there were a solution like Amazon Web Services but for minting coins? Like PayPal or Venmo but for buying digital goods and services with loyalty points? Like Visa or MasterCard but for merging them all into a Global Rewards Network . . ?

Grom product manager @egordeev may just have the answer: https://medium.com/gromorg/minter-2-a-public-blockchain-as-a-global-rewards-network-6dd7317fa07f

The release of the global version of Minter Coins

We are glad to announce that Minter Coins is available globally.

The service has been fully translated to English, and for the payment method we chose PayPal — one of the most convenient, reliable and widespread payment methods in the world.

You can pay for your plan to create your very own brand coin by just logging into your PayPal account, or without registering using a credit card.

P.S. On the global version of the website payments from all countries except Russia are accepted.

Minter Coins — expand the community, improve its loyalty and activity using your own brand coin.

How does it work?

The main feature of the service is a simple and fast creation of your own brand coins, with which you can reward your subscribers and customers for various activities.

We have worked out many cases of using brand coins, you will be able to:

• Reward any activity
• Pay out prizes
• Gift coins
• Make offers available to purchase using only these coins
• Receive coins in exchange for your goods and services
• Get support (donations)

So, how do you use it?

1. Go to the coin creating page in the Minter Coins service — https://mintercoins.com/create
2. Select the appropriate plan, the symbol and the name of the coin
3. Pay the plan, create a coin and start using it interacting with your community

Brand coins are a completely new tool for brand interaction with its audience. Major companies such as Reddit, one of the most visited social platforms, and FC Barcelona are already implementing brand coins in their loyalty systems.

With Minter Coins any blogger, community or brand can create their own coin. Be among the first😎

I’m currently working on a project that will let you manage many blockchains at once from a single interface. Say, you want to create a token to reward your community. You go to this page, set some basic settings, and boom—you have it in a secure environment with options like ‘Allocate 100 Minter-based coins so they can be easily managed by users on a super-fast network and used to pay for gift cards’ or ‘Issue 1000 coins as ERC-20 Ethereum tokens and add them to Uniswap V2 with USDT liquidity so they can be traded.’ With this solution, you get all the benefits of several blockchains via a one-stop interface with no need to learn how to work with any of them. Just tap the button, and your token can be used as money; tap again—and it’s trading and has a price . . .

Blockchains are as good as their best practices adopted by the masses: Minter is for rewards, Ethereum for DeFi, Filecoin for storage, EOS may compute something, while Bitcoin will act as a vault. There will be so many chains and other DLTs that you better be below the Layer 1, in a Control Center of your token, so you can easily migrate from one to another as market and your needs evolve,

Long story short: I’m looking for a code name for this #Layer0 project. Please submit your ideas, and I will give 5 POPEs for the one I like most.

Thanks!