🌌 Metaverse Index Token Live on Minter
Today, Minter Hub oracles have activated cross-chain transfers for Metaverse Index.
Metaverse Index is a basket of tokens of projects that develop virtual worlds (or metaverses). It’s been one of the hottest trends this year.
On Ethereum, the token’s ticker is MVI.
On Minter, it’s METAINDEX.
To move MVI from Ethereum to Minter and vice versa, proceed to Minter Console (DEPOSIT & WITHDRAW).
— Site: https://www.tokensets.com/portfolio/mvi
— CMC
— Ethereum smart contract:
— Page of METAINDEX on Minter (info, liquidity pools, holders)
🍪 A yield-farming program for the METAINDEX-BIP pool @ 10% in monthly rewards starts tomorrow.
Today, Minter Hub oracles have activated cross-chain transfers for Metaverse Index.
Metaverse Index is a basket of tokens of projects that develop virtual worlds (or metaverses). It’s been one of the hottest trends this year.
On Ethereum, the token’s ticker is MVI.
On Minter, it’s METAINDEX.
To move MVI from Ethereum to Minter and vice versa, proceed to Minter Console (DEPOSIT & WITHDRAW).
— Site: https://www.tokensets.com/portfolio/mvi
— CMC
— Ethereum smart contract:
0x72e364f2abdc788b7e918bc238b21f109cd634d7— Page of METAINDEX on Minter (info, liquidity pools, holders)
🍪 A yield-farming program for the METAINDEX-BIP pool @ 10% in monthly rewards starts tomorrow.
Minter Network
🏆 LIMIT GAME: Round 1 Winner Determined! A large buy transaction was made in the pool, triggering the execution of 928 orders by 325 unique addresses in less than five seconds (standard block time). Everything went smoothly! The rules say that the largest…
🏆 LIMIT GAME: Round 2 Winner Determined!
A large buy transaction was made in the pool, triggering the execution of 419 orders (out of a total 756 placed) by 181 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.
Winner’s address (a 50 000 BIP prize):
Winner’s order »
— New pool: MUHOMOR-GAME3
— Timeframe: from Nov. 23 till Nov. 25
— Prize: 50 000 BIP
— A new token called MUHOMOR has been sent to 828 participants. You need to put it up for sale (by purchasing token GAME3)
— Range for selling MUHOMOR: 101 – 500
— The rules are the same as in Rounds 1 & 2. The only thing different is the tokens and hence, the pool
Reminder: everyone to participate in all four rounds will share a guaranteed airdrop of 300 000 BIP and get an achievement badge by chainik.io. The prizes will be sent out once the game is finished.
A large buy transaction was made in the pool, triggering the execution of 419 orders (out of a total 756 placed) by 181 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.
Winner’s address (a 50 000 BIP prize):
Mx3d5276630cf15aa42d031673ef9d10d9e5466b95Winner’s order »
— New pool: MUHOMOR-GAME3
— Timeframe: from Nov. 23 till Nov. 25
— Prize: 50 000 BIP
— A new token called MUHOMOR has been sent to 828 participants. You need to put it up for sale (by purchasing token GAME3)
— Range for selling MUHOMOR: 101 – 500
— The rules are the same as in Rounds 1 & 2. The only thing different is the tokens and hence, the pool
Reminder: everyone to participate in all four rounds will share a guaranteed airdrop of 300 000 BIP and get an achievement badge by chainik.io. The prizes will be sent out once the game is finished.
explorer.taconet.minter.network
Testnet Explorer — Minter
🏜 METAINDEX Welcome Farming!
To celebrate the addition of Metaverse Index, we’re announcing a special yield-farming program for the METAINDEX-BIP pool. It will be ongoing for one month, allowing liquidity providers to get extra rewards.
— 10% monthly (or 124% in APR)
— BIP rewards sent out every day
— Timeframe: 11/23 till 12/23
— Program’s page »
Move MVI from Ethereum via Minter Console and earn with Minter!
To celebrate the addition of Metaverse Index, we’re announcing a special yield-farming program for the METAINDEX-BIP pool. It will be ongoing for one month, allowing liquidity providers to get extra rewards.
— 10% monthly (or 124% in APR)
— BIP rewards sent out every day
— Timeframe: 11/23 till 12/23
— Program’s page »
Move MVI from Ethereum via Minter Console and earn with Minter!
Forwarded from Minter.Cash Defi News
Our first major Press Release is now out, as Minter.Cash is now an official partner of DAO Strike Ventures whom believes that Minter Network is the place to be in 2022!
Forwarded from Minter.Cash Defi News
PRESS RELEASE: https://www.prlog.org/12894897-dao-strike-ventures-makes-first-defi-investment-in-crypto-validator-mintercash-seeking-100x-returns.html
PRLog
DAO Strike Ventures Makes First DeFi Investment in Crypto Validator Minter.Cash Seeking 100x Returns
DAO Strike Ventures Makes First DeFi Investment in Crypto Validator Minter.Cash Seeking 100x Returns. After researching thousands of cryptocurrency projects DAO Strike has made its first investment under the new operating charter which calls for capital gains…
🏆 LIMIT GAME: Round 3 Winner Determined!
A large buy transaction was made in the pool, triggering the execution of 205 orders (out of a total 830 placed) by 114 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.
Winner’s address (a 50 000 BIP prize):
Winner’s order »
🍫🏭 LIMIT GAME: Round 4 Starts!
— New pool: UMPALUMPA-FACTORY
— Period: from Nov. 25 till Nov. 28
— Prize: 50 000 BIP
— A new token called UMPALUMPA has been sent to 828 participants. You need to put it up for sale (by purchasing token FACTORY)
— Range for selling UMPALUMPA: 1.01 – 5
— The rules remain the same. The only thing different is the tokens and hence, the pool
➕ Create order »
Reminder: everyone to participate in all four rounds will share a guaranteed airdrop of 300 000 BIP and get an achievement badge by chainik.io. The prizes will be sent out once the game is finished.
A large buy transaction was made in the pool, triggering the execution of 205 orders (out of a total 830 placed) by 114 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.
Winner’s address (a 50 000 BIP prize):
Mx0da5af0d4992ef3f50e52b7a7ade97d9404289c2Winner’s order »
🍫🏭 LIMIT GAME: Round 4 Starts!
— New pool: UMPALUMPA-FACTORY
— Period: from Nov. 25 till Nov. 28
— Prize: 50 000 BIP
— A new token called UMPALUMPA has been sent to 828 participants. You need to put it up for sale (by purchasing token FACTORY)
— Range for selling UMPALUMPA: 1.01 – 5
— The rules remain the same. The only thing different is the tokens and hence, the pool
➕ Create order »
Reminder: everyone to participate in all four rounds will share a guaranteed airdrop of 300 000 BIP and get an achievement badge by chainik.io. The prizes will be sent out once the game is finished.
explorer.taconet.minter.network
Testnet Explorer — Minter
🏆 LIMIT GAME: Round 4 Winner Determined!
A large buy transaction was made in the pool, triggering the execution of 674 orders (out of a total 768 placed) by 279 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.
Winner’s address (a 50 000 BIP prize):
Winner’s order »
🦈 LIMIT GAME: Round 5 Started!
The fifth round is an extra one for those whose orders got automatically canceled in round 2. You don’t need to participate if you completed all previous rounds—you’ll still get a guaranteed airdrop.
— New pool: MEGALODON-FOODCHAIN
— Until: November 30
— Prize: 50 000 BIP
— A new token called MEGALODON has been sent to 828 participants. You need to put it up for sale (by purchasing token FOODCHAIN)
— Range for selling MEGALODON: 2.01 – 10
— The rules remain the same. The only thing different is the tokens and hence, the pool
➕ Create order »
Reminder: everyone to participate in all four rounds will share a guaranteed airdrop of 300 000 BIP and get an achievement badge by chainik.io. The prizes will be sent out once the game is finished.
A large buy transaction was made in the pool, triggering the execution of 674 orders (out of a total 768 placed) by 279 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.
Winner’s address (a 50 000 BIP prize):
Mx0d97d9669a9335cb0939c48034ddd1c914b49647Winner’s order »
🦈 LIMIT GAME: Round 5 Started!
The fifth round is an extra one for those whose orders got automatically canceled in round 2. You don’t need to participate if you completed all previous rounds—you’ll still get a guaranteed airdrop.
— New pool: MEGALODON-FOODCHAIN
— Until: November 30
— Prize: 50 000 BIP
— A new token called MEGALODON has been sent to 828 participants. You need to put it up for sale (by purchasing token FOODCHAIN)
— Range for selling MEGALODON: 2.01 – 10
— The rules remain the same. The only thing different is the tokens and hence, the pool
➕ Create order »
Reminder: everyone to participate in all four rounds will share a guaranteed airdrop of 300 000 BIP and get an achievement badge by chainik.io. The prizes will be sent out once the game is finished.
explorer.taconet.minter.network
Testnet Explorer — Minter
✅ Minter Update v2.6.0 Completed
Minter Network has seamlessly updated to version 2.6. We have been preparing this update for months and done a lot of work on the technical side, especially related to on-chain orders (AMMOB) rollout.
The update includes:
— Automated Market Maker with Order Book
— Ability to burn tokens is now available not only to creator but to all holders
— The maximum Voting Power has been limited to 20% per Validator. At over 20%, delegation becomes impossible
— Bug fixes
— Fees for failed transactions. It is set at $0.01, same as the one for sending transfers. This fee also depends on the information in payload and gas price
• Place order
• Minter Explorer (the order book and limit orders themselves will be visible on the pool pages)
Minter Network has seamlessly updated to version 2.6. We have been preparing this update for months and done a lot of work on the technical side, especially related to on-chain orders (AMMOB) rollout.
The update includes:
— Automated Market Maker with Order Book
— Ability to burn tokens is now available not only to creator but to all holders
— The maximum Voting Power has been limited to 20% per Validator. At over 20%, delegation becomes impossible
— Bug fixes
— Fees for failed transactions. It is set at $0.01, same as the one for sending transfers. This fee also depends on the information in payload and gas price
• Place order
• Minter Explorer (the order book and limit orders themselves will be visible on the pool pages)
🏆 LIMIT GAME: Extra Round Winner Found!
A large buy transaction was made in the pool, triggering the execution of 333 orders (out of 483 placed) by 206 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.
Winner’s address (a 50,000 BIP prize):
Winner’s order »
💸 Prizes
The LIMIT GAME is now finished. We hope that all players not only enjoyed it, but also learned to place limit orders with Minter. Thanks for participating and testing, everyone!
Five prizes 50,000 BIP each plus a 300,000 BIP airdrop will be distributed within a few days after the outcome and participants have been verified. The prizes will be sent to identical addresses on Mainnet—to collect, use the same seed phrase as on Taconet.
Achievement badges
All players will get a memorable badge from chainik.io. Since it cannot be transferred to another address, you can specify your Mainnet address that you want the badge to display on by December 3, 9:00 a.m. UTC.
For that:
— Go to Taconet Console (the network that hosted the game)
— Send 0 MNT to the zeroth address:
— In Payload (a message to the transaction available in Advanced Mode), enter your Mx address on the main network
A large buy transaction was made in the pool, triggering the execution of 333 orders (out of 483 placed) by 206 unique addresses in less than five seconds (standard block time). The rules say that the largest filled order, whose price differs from the final one by 5% at most, wins.
Winner’s address (a 50,000 BIP prize):
Mx45cf9fb1206dd14ca5bcbcd05f68c5f1c7453de3Winner’s order »
💸 Prizes
The LIMIT GAME is now finished. We hope that all players not only enjoyed it, but also learned to place limit orders with Minter. Thanks for participating and testing, everyone!
Five prizes 50,000 BIP each plus a 300,000 BIP airdrop will be distributed within a few days after the outcome and participants have been verified. The prizes will be sent to identical addresses on Mainnet—to collect, use the same seed phrase as on Taconet.
Achievement badges
All players will get a memorable badge from chainik.io. Since it cannot be transferred to another address, you can specify your Mainnet address that you want the badge to display on by December 3, 9:00 a.m. UTC.
For that:
— Go to Taconet Console (the network that hosted the game)
— Send 0 MNT to the zeroth address:
Mx0000000000000000000000000000000000000000 (explorer)— In Payload (a message to the transaction available in Advanced Mode), enter your Mx address on the main network
explorer.taconet.minter.network
Testnet Explorer — Minter
🍬 Farming in December
Below you can find yield-farming programs that last through December 31, 2021 (except HUB-BIP, which expires on May 10, 2022).
Everyday payouts are calculated based on the volume of liquidity you provide to the following pools:
— BEE-MUSD: 100% APR, payouts in BEE (details)
— USDTE-USDCE: 36.5% APR, payouts in BIP (details)
— HUB-BIP: 36.5% APR, payouts in BIP (details)
Also, there are ongoing Welcome Farming programs for newly cross-chained assets at 10% monthly returns: TON, SHIB, METAINDEX.
To join, simply supply liquidity via Minter Console into the pool of your choice (guide).
Below you can find yield-farming programs that last through December 31, 2021 (except HUB-BIP, which expires on May 10, 2022).
Everyday payouts are calculated based on the volume of liquidity you provide to the following pools:
— BEE-MUSD: 100% APR, payouts in BEE (details)
— USDTE-USDCE: 36.5% APR, payouts in BIP (details)
— HUB-BIP: 36.5% APR, payouts in BIP (details)
Also, there are ongoing Welcome Farming programs for newly cross-chained assets at 10% monthly returns: TON, SHIB, METAINDEX.
To join, simply supply liquidity via Minter Console into the pool of your choice (guide).
ℹ️ Minter Hub Upgrade
Connection to the Ethereum and Binance Smart Chain networks could not be immediately established due to several newly surfaced reasons.
Necessary fixes will be prepared by tomorrow morning, and the process shall continue.
❗️All funds are completely safe since they are held in cold wallets.
Connection to the Ethereum and Binance Smart Chain networks could not be immediately established due to several newly surfaced reasons.
Necessary fixes will be prepared by tomorrow morning, and the process shall continue.
❗️All funds are completely safe since they are held in cold wallets.
🧮 Limit Orders, Fees, and Details
Yesterday, validators successfully voted on limit order fees:
• 25 BIP (≈ $0.1) for placing an order
• 5 BIP (≈ $0.02) for manually canceling it
These and other fees are temporary and expressed in BIP. Soon, there will be another vote on setting U.S. dollar-pegged fees, meaning the BIP value will be floating and the dollar equivalent, fixed. For example, if BIP were priced at $0.004, then creation fee would stand at 25 BIP (10 cents); at $0.01 per BIP, the fee would change to 10 BIP (10 cents as well).
Limit order details:
— A fee is charged for creation and manual cancellation of orders
— Orders are canceled automatically after 483,840 blocks (≈25 days)
— A fee is not charged upon automatic cancellation
— Placement, cancellation, and list of your own orders are available in the Minter Console’s Limit Orders tab
— Possible limit order price ranges: x5 (above) and 1/5 (below) the current in-pool price. For example, if 1 BIP = 0.004 USDTE in the BIP-USDTE pool, then maximum sell price = 0.02 USDTE and minimum buy price = 0.0008 USDTE
— Limit orders are placed “on top of” the pool’s liquidity, supplementing it (learn more about AMMOB)
— 0.2% on the amount filled goes into the pool (in both tokens, 50/50%), making it richer. This fee is shared by liquidity providers who do not bear Impermanent Loss at the time of execution of any orders
— Orders may be filled partially
— Order books are available on pool pages in Minter Explorer (example)
Yesterday, validators successfully voted on limit order fees:
• 25 BIP (≈ $0.1) for placing an order
• 5 BIP (≈ $0.02) for manually canceling it
These and other fees are temporary and expressed in BIP. Soon, there will be another vote on setting U.S. dollar-pegged fees, meaning the BIP value will be floating and the dollar equivalent, fixed. For example, if BIP were priced at $0.004, then creation fee would stand at 25 BIP (10 cents); at $0.01 per BIP, the fee would change to 10 BIP (10 cents as well).
Limit order details:
— A fee is charged for creation and manual cancellation of orders
— Orders are canceled automatically after 483,840 blocks (≈25 days)
— A fee is not charged upon automatic cancellation
— Placement, cancellation, and list of your own orders are available in the Minter Console’s Limit Orders tab
— Possible limit order price ranges: x5 (above) and 1/5 (below) the current in-pool price. For example, if 1 BIP = 0.004 USDTE in the BIP-USDTE pool, then maximum sell price = 0.02 USDTE and minimum buy price = 0.0008 USDTE
— Limit orders are placed “on top of” the pool’s liquidity, supplementing it (learn more about AMMOB)
— 0.2% on the amount filled goes into the pool (in both tokens, 50/50%), making it richer. This fee is shared by liquidity providers who do not bear Impermanent Loss at the time of execution of any orders
— Orders may be filled partially
— Order books are available on pool pages in Minter Explorer (example)
✅ Minter Hub 2 Live
After the scheduled upgrade, Minter Hub has been launched and continues processing cross-chain transfers. What’s new:
— Code base
— Lower fees on withdrawals to Ethereum
— Integration with Binance Smart Chain
— Swap discounts for HUB holders
— Support for native ETH token
— Improved UX for validators
— Cross-chain DeFi
— Modular connection of other blockchains
Learn More »
Currently, only BIP and HUB are available for cross-chain transfers with Binance Smart Chain. Other BSC network tokens will be listed soon. Which ones would you like to see on Minter first?
After the scheduled upgrade, Minter Hub has been launched and continues processing cross-chain transfers. What’s new:
— Code base
— Lower fees on withdrawals to Ethereum
— Integration with Binance Smart Chain
— Swap discounts for HUB holders
— Support for native ETH token
— Improved UX for validators
— Cross-chain DeFi
— Modular connection of other blockchains
Learn More »
Currently, only BIP and HUB are available for cross-chain transfers with Binance Smart Chain. Other BSC network tokens will be listed soon. Which ones would you like to see on Minter first?
Forwarded from Interstake One
🗳Voting for Minter Network Commission Price (Commission Proposal 2.2)
Minter and Minter Hub were successfuly updated and now it's time to bind the commissions in the Minter network to the USD equivalent, in particular to USDTE, to implement plans for the cost of transfer to $0.01, and trade to $0.03.
Updates will take effect on December 27 at ~11:00 UTC on block 8173094 with the necessary total power of votes (66.66%+).
To get acquainted with the instructions for validators and the full list of changeable parameters in Commission Proposal 2.2, follow the link.
You can track the voting process on this page.
⚠️We urge all validators to take an active part in the voting and do it before the selected block.
Minter and Minter Hub were successfuly updated and now it's time to bind the commissions in the Minter network to the USD equivalent, in particular to USDTE, to implement plans for the cost of transfer to $0.01, and trade to $0.03.
Updates will take effect on December 27 at ~11:00 UTC on block 8173094 with the necessary total power of votes (66.66%+).
To get acquainted with the instructions for validators and the full list of changeable parameters in Commission Proposal 2.2, follow the link.
You can track the voting process on this page.
⚠️We urge all validators to take an active part in the voting and do it before the selected block.
✨ Minter 3: BIP Tokenomics Update
In Minter 1, we launched the network with basic functionality that already outplayed many popular chains.
Minter 2 introduced DeFi tools and cross-chain mechanisms, enabling users to earn in an entirely decentralized way.
In Minter 3, we will modify BIP tokenomics by applying deflationary models that are aimed to cause the network’s native digital coin to grow.
Find Out Now »
In Minter 1, we launched the network with basic functionality that already outplayed many popular chains.
Minter 2 introduced DeFi tools and cross-chain mechanisms, enabling users to earn in an entirely decentralized way.
In Minter 3, we will modify BIP tokenomics by applying deflationary models that are aimed to cause the network’s native digital coin to grow.
Find Out Now »
Medium
Minter 3: BIP Tokenomics Update
In light of the changes that leading blockchains have recently made in their tokenomics, Minter Team is proposing a large-scale update of…
BNB, USDT, and BUSD Live on Minter
Minter Hub oracles have activated cross-chain transfers for the BNB, USDT, and BUSD BEP-20 tokens.
Their tickers on the Minter network are:
—
—
—
To move tokens from Binance Smart Chain to Minter and the other way around, use Minter Console (DEPOSIT & WITHDRAW). If you are using local Console, you need to update it to the latest version.
🍪 🍪 A yield-farming program for the BNB-BIP pool at 0.1% daily starts today.
P.S. Before making any operation, double-check the token’s ticker. Approved cross-chain tokens have the verified blue badge ✅.
Minter Hub oracles have activated cross-chain transfers for the BNB, USDT, and BUSD BEP-20 tokens.
Their tickers on the Minter network are:
—
BNB—
USDTBSC—
BUSDBSCTo move tokens from Binance Smart Chain to Minter and the other way around, use Minter Console (DEPOSIT & WITHDRAW). If you are using local Console, you need to update it to the latest version.
🍪 🍪 A yield-farming program for the BNB-BIP pool at 0.1% daily starts today.
P.S. Before making any operation, double-check the token’s ticker. Approved cross-chain tokens have the verified blue badge ✅.
🎄 BNB Welcome Farming!
To celebrate the addition of BNB, we’re announcing a special farming program for the BNB-BIP pool. It will be ongoing for one month, allowing liquidity providers to get extra rewards.
— 0.1% daily (or 36.5% in APR)
— BNB rewards sent out every day
— Until: January 14, 2022
— Program’s page »
Transfer BNB from Binance Smart Chain via Minter Console and earn with Minter!
To celebrate the addition of BNB, we’re announcing a special farming program for the BNB-BIP pool. It will be ongoing for one month, allowing liquidity providers to get extra rewards.
— 0.1% daily (or 36.5% in APR)
— BNB rewards sent out every day
— Until: January 14, 2022
— Program’s page »
Transfer BNB from Binance Smart Chain via Minter Console and earn with Minter!
✅ Minter: 2021 Achievements
In this series of posts, we would like to rewind what the team has achieved over 2021.
#1. Minter Hub: a bridge for fast and decentralized cross-chain transfers with Ethereum and Binance Smart Chain
Launched in April 2021, Minter Hub unites several blockchains and lets users move tokens between the networks 24/7, with no moderation or identity verification.
So far, 20 popular tokens have been listed cross-chain, among them are BTC, ETH, USDT, BNB, TON, and others. They can be freely deposited to and withdrawn from Minter:
— Binance Smart Chain: confirmation time of ≈1 min., fee of $0.5
— Ethereum: confirmation time of ≈2–3 mins., fee of $40–50
The bridge is maintained by oracles who lock coins on one network and release their ‘mirrored’ versions on the other. Minter Hub supports 16 oracles and the PoS consensus, meaning that voting on blocks is collateralized by HUB tokens.
Cross-chain transfers represent a new era of sovereign blockchains. Transfers not only allow networks to communicate with each other, but also enable users to make trustless, fast, and secure decentralized transactions. Transactions that no one can cancel, alter, or censor.
Learn more about Minter Hub »
#Minter2021
In this series of posts, we would like to rewind what the team has achieved over 2021.
#1. Minter Hub: a bridge for fast and decentralized cross-chain transfers with Ethereum and Binance Smart Chain
Launched in April 2021, Minter Hub unites several blockchains and lets users move tokens between the networks 24/7, with no moderation or identity verification.
So far, 20 popular tokens have been listed cross-chain, among them are BTC, ETH, USDT, BNB, TON, and others. They can be freely deposited to and withdrawn from Minter:
— Binance Smart Chain: confirmation time of ≈1 min., fee of $0.5
— Ethereum: confirmation time of ≈2–3 mins., fee of $40–50
The bridge is maintained by oracles who lock coins on one network and release their ‘mirrored’ versions on the other. Minter Hub supports 16 oracles and the PoS consensus, meaning that voting on blocks is collateralized by HUB tokens.
Cross-chain transfers represent a new era of sovereign blockchains. Transfers not only allow networks to communicate with each other, but also enable users to make trustless, fast, and secure decentralized transactions. Transactions that no one can cancel, alter, or censor.
Learn more about Minter Hub »
#Minter2021
✅ Minter: 2021 Achievements
#2: Up to 1% on the volume transacted via the cross-chain bridge goes to HUB stakers
For validating cross-chain transfers through Minter Hub, oracles earn a 1-percent fee on all transactions. Some of them further distribute portion of those earnings among their delegators (if any) proportionally to their HUB stake and according to terms and conditions set out by a given validator.
This mechanism lays a solid economic stimulus for owning the HUB token.
ℹ️ Reminder on staking process
From a tech standpoint, HUB staking is only available to Minter Hub oracle addresses. For users to be able to take part in the staking of HUB, oracles offer them to delegate their tokens. Users send their HUBs to addresses specified by oracles. Those tokens are then transferred to the Minter Hub blockchain and staked in the node.
After that, oracles distribute receipt tokens among their stakers on Minter at the 1:1 ratio. Receipt tokens confirm that HUBs have been staked on the Minter Hub blockchain.
Oracles allowing HUB delegation:
• Minter One (receipt token: MONEHUB)
• Chainik (receipt token: HUBCHAIN)
• MonsterHub (receipt token: MONSTERHUB)
• BTC.Secure (receipt token: LIQUIDHUB)
• Minter.Center (receipt token: HUBCENTER)
• ONLY1 (receipt token: ONLY1HUB)
#Minter2021
#2: Up to 1% on the volume transacted via the cross-chain bridge goes to HUB stakers
For validating cross-chain transfers through Minter Hub, oracles earn a 1-percent fee on all transactions. Some of them further distribute portion of those earnings among their delegators (if any) proportionally to their HUB stake and according to terms and conditions set out by a given validator.
This mechanism lays a solid economic stimulus for owning the HUB token.
ℹ️ Reminder on staking process
From a tech standpoint, HUB staking is only available to Minter Hub oracle addresses. For users to be able to take part in the staking of HUB, oracles offer them to delegate their tokens. Users send their HUBs to addresses specified by oracles. Those tokens are then transferred to the Minter Hub blockchain and staked in the node.
After that, oracles distribute receipt tokens among their stakers on Minter at the 1:1 ratio. Receipt tokens confirm that HUBs have been staked on the Minter Hub blockchain.
Oracles allowing HUB delegation:
• Minter One (receipt token: MONEHUB)
• Chainik (receipt token: HUBCHAIN)
• MonsterHub (receipt token: MONSTERHUB)
• BTC.Secure (receipt token: LIQUIDHUB)
• Minter.Center (receipt token: HUBCENTER)
• ONLY1 (receipt token: ONLY1HUB)
#Minter2021
✅ Minter: 2021 Achievements
#3: Cross-Chain Transfers Discount System
When moving tokens between Minter and Ethereum or Binance Smart Chain, the user pays the bridge fee (1% on the amount transacted) on top of the network fee. For example, the fee for sending 100 USDT from Binance Smart Chain to Minter stands at 1 USDT.
If the user holds the HUB token on their balance, however, they are charged a reduced bridge fee.
ℹ️ Discounts
💡 How to Activate
For the discount to be enabled, the balance of the address that a cross-chain transfer is made from needs to have the necessary amount of HUB on any of the interconnected networks.
HUB can be bought via liquidity pools on Minter by making a simple swap in Minter Console or BIP Wallet. You can also purchase it on 1inch (Ethereum) or PancakeSwap (Binance Smart Chain).
#Minter2021
#3: Cross-Chain Transfers Discount System
When moving tokens between Minter and Ethereum or Binance Smart Chain, the user pays the bridge fee (1% on the amount transacted) on top of the network fee. For example, the fee for sending 100 USDT from Binance Smart Chain to Minter stands at 1 USDT.
If the user holds the HUB token on their balance, however, they are charged a reduced bridge fee.
ℹ️ Discounts
1 HUB: -10%
2 HUB: -20%
4 HUB: -30%
8 HUB: -40%
16 HUB: -50%
32 HUB: -60%💡 How to Activate
For the discount to be enabled, the balance of the address that a cross-chain transfer is made from needs to have the necessary amount of HUB on any of the interconnected networks.
HUB can be bought via liquidity pools on Minter by making a simple swap in Minter Console or BIP Wallet. You can also purchase it on 1inch (Ethereum) or PancakeSwap (Binance Smart Chain).
#Minter2021