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Minter Network
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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
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Many of you have heard that in Minter 2, you’ll be able to store, transfer, and exchange most of the major digital assets (e.g., BTC, ETH, BNB, USDC). But how have we achieved that?

Learn more about how Minter Hub works here:
https://daniillashin.medium.com/minter-hub-bridge-to-ethereum-binance-smart-chain-dd78cde2ad51
🚀 Minter 2 has been scheduled to launch on April 12, 2021.

🧑‍🚀 On that day sixty years ago, man entered space. And we are starting our journey into other blockchains.

#poyekhali #minter2 #bipx

“Poyekhali!!” With that one Russian word, meaning “Let’s go!” on April 12, 1961, cosmonaut Yuri Gagarin blasted off from the Baikonur Cosmodrome in Kazakhstan to become the first human to travel in space.
Source:
NASA
💥 BIP's explosive growth, TacoNet's start, new blockchain's addition to Minter Hub, and long-awaited Minter 2's launch date confirmation—our latest round-up covers all that (and even more!).

👏 Don't forget to clap!
How to Make Money on DeFi with BIPx

tl;dr: The usual BIP will transform into BIPx on other networks to help you earn in the best DeFi services. No extra knowledge or wallets needed.

If you are not up for a long read, here’s a brief list of features that the BIPx token will have once it goes live on Ethereum and Binance Smart Chain:
– Early participants will be first to get BIPx through transferring their BIP to validators’ multisig addresses at the 1:1 ratio
– It is not a new token, but a ‘mirrored’ one, meaning it represents corresponding BIPs that have been locked in Minter
– With its help, you’ll get access to the new money-making opportunities offered by the world’s leading DeFi services
– It’ll be possible to lend BIPx, make deposits, add to liquidity pools, and use as collateral to take out loans in BTC, ETH, USDT, etc.
– Token will be submitted for listing on both decentralized and centralized exchanges
– Over time, deposit and withdrawal of BIP with conversion into BIPx will become automated and available to everyone
– It can all be managed via regular Minter wallets
– For valuable proposals regarding DeFi services, community members will receive a commission on all completed deals

In a sentence: BIPx will unlock the best of global decentralized finance (DeFi) and help users earn with just one of the Minter wallets at hand.

Learn more on Medium!
Forwarded from Minter Dev Notifications
🔗 BIPx Launch Stages

In short: to get BIPx (BIP mirrored on Ethereum and Binance Smart Chain) among the first, one will need to deposit BIP onto the multisig addresses of Minter validators. Those addresses will be created soon. BIPx will be accrued using the FIFO method (i.e., on a first-come, first-served basis). Early participants will have a significant head start.

BIPx Opportunities
- It’ll become a gateway to the new money-making opportunities offered by the world’s leading DeFi protocols
- It’ll be possible to lend BIPx, make deposits, add to liquidity pools, and use as collateral to take out loans in BTC, ETH, USDT, etc.
- Token will be submitted for listing on both decentralized and centralized exchanges
- It can all be managed via regular Minter wallets

1. Preparation
- The top four Minter validators will create two multi-signature addresses on Minter: one for depositing BIP and exchanging it for BIPx on Ethereum, and the other one, on Binance Smart Chain.
- Anyone will be able to send BIP to these addresses in order to receive BIPx on a chosen network.
⚠️ Alert: you can transfer BIP only from a wallet you have a seed phrase to. Do not transfer BIP from third-party services and exchanges; otherwise, you’ll lose access to your funds ⚠️

2. Initial issuance
- Trusted parties (top 4 validators) must ensure that Minter Hub and BIPx infrastructures are operationally ready. After that, they’ll either move the accumulated BIP to the multisig address of Minter Hub or return the deposits.
- BIPx will then be issued on the two networks and gradually distributed. Using the FIFO method (i.e., on a first-come, first-served basis), BIPx will be accrued to the addresses of those who deposited their BIP.
- First votes on placements in DeFi services and listings will follow shortly afterwards.

3. Integration
Integration of hand-picked services into Minter wallets.

4. One-way exchangeability
Once the infrastructure has been debugged, the instant swapping of BIPx for BIP will become available.

5. Unlimited exchangeability
Next, we’ll introduce the ability to fully and freely swap BIP for BIPx and vice versa for the rest of the community.

Learn more about BIPx: https://medium.com/@MinterTeam/how-to-make-money-on-defi-with-bipx-17905b034285
Forwarded from Minter Dev Notifications
🌮 Minter 1 -> Minter 2: Mainnet Data Migration Test

Starting from block 2 544 192, Taconet has been running on data from the main network. Unlike in previous updates, the numeration didn’t start anew.

We have also created the MNT-USDC liquidity pool and made all fees expressed in the U.S. dollar (here you can find costs for each transaction on the network).

‼️ Reminder: Do not enter your primary mainnet wallet’s seed phrase into the test Console. To view balances and stakes, visit Explorer.

We’ll launch several more validators shortly. To maximize loads while testing, we’ll intentionally put the network in the most challenging environment: validator servers located as far away from each other as possible, weak hardware, etc.

The node’s build and genesis can be accessed here.
Forwarded from Minter Dev Notifications
Our developer Sergey Klimov sheds light on every change and new feature that will come with Minter 2: https://youtu.be/hUx6rZLD_ok.

Article | ​Node PR | Documentation PR
📺 Minter + YouTube

Minter is joining hands with crypto bloggers. Lead your own channel devoted to cryptocurrencies and blockchains? Just leave your info, and we’ll get in touch with you for more detail.

📩 Submit Now »

If you don’t have a channel of your own, feel free to share this link with someone you know who does.
Forwarded from Minter Dev Notifications
🔗 On-Chain AMM with Order Book

Minter 2 will revolutionize the DeFi protocols with its On-Chain Automated Market Maker with Order Book (AMMOB).

Traders will be able to create fixed-price orders in the AMM liquidity pools without having to give up the benefits of those pools.

AMMOB will do great for exchanging stablecoins, for example, USDT for USDC. One will have an opportunity to create an order to buy $1,000,000 worth of USDT for USDC at 1% below the market and later sell it at 1% above. Compared to the traditional AMM pools, AMMOBs have better liquidity: in some areas, the price curve becomes a horizontal line.

The blockchain fees (spread among validators and delegators): $0.08 for creating an order and $0.01 for canceling it. An additional 0.2% on the volume that has been filled goes to a liquidity pool (or liquidity providers). The fees can be paid in any token issued on the network.

Learn More: https://medium.com/@MinterTeam/minter-2-on-chain-automated-market-maker-with-order-book-e29b19fc365f
Minter 2 Presents AMMOB

The world’s first on-chain automated market maker with order book, or AMMOB.

What does it mean?
— Trading in leading cryptocurrencies, tokens, and digital assets, setting super-precise prices and volumes
— Any transaction complete in 5 seconds
— The fees fixed at a couple of cents
— Which can be paid in any token
— Cross-chain transfers with swaps—for example, BUSD on Binance Smart Chain for USDC on Ethereum

Watch our lead developer’s video to learn more now: https://youtu.be/CnZ9I4eFeOk
🏆 Minter Hub Pool Farming Contest

The HUB pool’s ($387,000 in total liquidity) current profitability stands at +50% APY in U.S. dollars, and the Team has decided to make things even more attractive by increasing it several times!

Once again, Minter Hub will give an astonishing amount to those who supply liquidity to a Uniswap pool. Last time, it was 1,000 UNI ($31,000), and now, 1,000 HUB ($72,000 at the time of writing)!

It’s as easy as it gets:
– Provide liquidity to the pool by March 25, 2021
– Get into the top 100 participants
– Don’t remove until March 30, 2021
– Receive your share of the 1,000 HUB proportionally to your participation on March 31, 2021
– Tokens will be accrued automatically!

Important links:
Minter Hub pool in Uniswap
List of liquidity providers
How to provide liquidity

Hurry up!

#HUB
🔗 BIP Now Accepted for Further Conversion into BIPx

To be the first to get BIPx (BIP that’s mirrored on the Ethereum and Binance Smart Chain networks), you need to transfer BIP to a multi-signature address of Minter validators. BIPx will be distributed using the FIFO method (i.e., the sooner you send, the sooner you get). Early participants will have a significant head start. The final decision on whether to go through with the exchange of BIP for BIPx will be made by the validators managing the multisig address.

Up until the conversion, all accumulated BIPs will be generating a 55% APY (0.15% per each full-day lock) paid from the DAO funds.

You may choose the network where you want to receive BIPx tokens, Ethereum or Binance Smart Chain. For that, send coins to the corresponding address. Deposit addresses are presented below:
Ethereum – Mx8e3869360a90a33d7df9fbb59af581b42147938f
Binance Smart Chain – Mx214920b7e4c9cae508ecab0010d5a7db72ef2c13
SEND BIP TO THESE ADDRESSES ONLY!

⚠️ Alert: transfer BIP only from a wallet to which you have a seed phrase. Do not transfer BIP from third-party services and exchanges; otherwise, you’ll lose access to your funds. Tokens will be accrued to the sender address on a given blockchain! ⚠️

BIPx Opportunities
- Token will be submitted for listing on both decentralized and centralized exchanges
- It’ll become a gateway to the new money-making opportunities offered by the world’s leading DeFi protocols
- It’ll be possible to lend BIPx, make deposits, add to liquidity pools, and use as collateral to take out loans in BTC, ETH, USDT, etc.
- It can all be managed via regular Minter wallets

Learn more about BIPx and its launch stages
BIPx Listing

Many ask how BIPx will be listed on centralized and decentralized exchanges.

First of all, keep in mind that BIP equals BIPx and vice versa. Meaning they’re mirrored tokens, such as USDTs on the Ethereum and Binance networks. The external BIP is called BIPx to avoid confusion and misunderstanding among users. It’s clear from the start that this token is not on Minter, and you can’t find it in your regular Bip Wallet.

Because BIPx will be based on the ERC-20 and BEP-20 standards, there’ll be whole new opportunities for listing on the exchanges of any level. The procedure has been already applied to hundreds of other tokens. The exchanges won’t have to connect to Minter, set up their own node, and monitor transactions. With BIPx, they’ll be able to do all that at once, at no extra cost.

The example of HUB—which was instantly available in wallets like Trust Wallet—shows just how easy it is to integrate such tokens.

Once BIP has been accumulated and converted into BIPx upon the decision of the validators who oversee the multisig address, we’ll start to gradually work on listings and invite all community members to join. In essence, the listing of BIPx will mean the listing of BIP as well, since the two will be exchangeable at the rate of 1:1.
HUB, tokenomics

We’re sharing the first document breaking down the tokenomics of HUB—oracles will make money on fees, pro users will get discounts, and everyone will be able to see tips on how to earn.

Key takeaways:
– The total supply is 1M
– Maximum circulating supply by the end of 2021: 100,000
– Assuming the price of HUB is $100, oracles may be generating hundreds in APY from fees
– As the number of transfers grows, HUB might reach $500–5,000
– Holders can get up to 60% in transfer discounts
– All users will be getting tips with the best trades and operations in DeFi

Doc: https://link.medium.com/AtsW633dXeb

HUB trading on Uniswap and in the bоt.
Trading & transfer fees, confirmation times & block finality, and limit orders & opportunities for traders: how do Minter 2 and Uniswap v3 stack up against each other?

Check out our latest article to find out: https://link.medium.com/dEN2QgKQ3eb
HUB Farming Contest Is Over

1,000 HUBs have been proportionally shared among HUB/USDT pool’s liquidity providers who were in both snapshots.

Stay tuned as we’re readying the next farming program for the same pool! 👨‍🌾
Minter Community Update

When is Minter 2’s go-live? How do you line up for BIPx? What is the economics behind Minter Hub? And how will limit orders be implemented?

Check out our latest round-up to find out. And don’t forget to clap! 👏
What are the steps that you need to take to start farming HUB? How big are the returns—and what criteria do you need to meet in order to get them? And last but not least, how often is the reward distributed and how do you claim it?

Check out our latest piece to find out:
https://medium.com/@MinterTeam/hub-farming-2ee96e664924
HUB’s Rate on Etherscan

Etherscan has started displaying the price of HUB token https://etherscan.io/token/0x8e9a29e7ed21db7c5b2e1cd75e676da0236dfb45

That means from now on, everyone will be able to see the actual, real-time balance of their wallet, because the amount of HUB they hold is multiplied by the rate.

At the time of writing, the market capitalization stands at over $72.6 million. The price has increased from $0.1 to $72.67 (and that’s not even an ATH) over five months.
🔥 Minter 2 launch is the hottest event of April!

Thank you to everyone who is always active and pushing Minter to leading positions. Recently, we’ve become the hottest event on the homepage of the largest crypto calendar with 2M monthly visitors.

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