Last month, Minter launched a couple of tools, organized a couple of contests, and announced new developments.
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🔥 2nd Special Address Burn
July 6th marked the second buyback and burn of BIP from an address that accumulates 0.1% on each swap in liquidity pools. 3 196 000 BIP (≈$2 000) has been bought back and burned via transfer to the 0th address:
https://explorer.minter.network/transactions/Mt58683b258ec7b27e6c4a5e3103475d20e05dadecd7b53b909ae8774055787455
The more swaps, the bigger the buyback, the scarcer the BIP.
Over 9M BIP has been burned via this mechanism to date!
July 6th marked the second buyback and burn of BIP from an address that accumulates 0.1% on each swap in liquidity pools. 3 196 000 BIP (≈$2 000) has been bought back and burned via transfer to the 0th address:
https://explorer.minter.network/transactions/Mt58683b258ec7b27e6c4a5e3103475d20e05dadecd7b53b909ae8774055787455
The more swaps, the bigger the buyback, the scarcer the BIP.
Over 9M BIP has been burned via this mechanism to date!
⛱ Staking HUB with Oracles
As you already know, Minter HUB is a bridge for sending cross-chain transfers. They come at a fee (0.4%–1%) that is distributed among oracles. Some oracles allow users to delegate their HUB and get portion of that fee in reward.
How to delegate HUB
1. Choose an oracle from a list below, read the terms
2. Send your HUB tokens to the oracle’s address
3. Get a receipt token (1:1 with HUB)
4. Get auto rewards
List of oracles that support HUB staking
- ONLY1 (receipt token ticker
- Chainik (receipt token ticker
- MonsterHUB (receipt token ticker
- BTC.Secure (receipt token ticker
As you already know, Minter HUB is a bridge for sending cross-chain transfers. They come at a fee (0.4%–1%) that is distributed among oracles. Some oracles allow users to delegate their HUB and get portion of that fee in reward.
How to delegate HUB
1. Choose an oracle from a list below, read the terms
2. Send your HUB tokens to the oracle’s address
3. Get a receipt token (1:1 with HUB)
4. Get auto rewards
List of oracles that support HUB staking
- ONLY1 (receipt token ticker
ONLY1HUB): monthly HUB payouts. HUB deposit address: Mx7c2ce4a9ae52bc1c2401443d8a2460073744e0cc- Chainik (receipt token ticker
HUBCHAIN): weekly payouts in original cross-chain tokens. HUB deposit address: Mx5e27b80ac581c11393fef526d81c144bbc8d600e- MonsterHUB (receipt token ticker
MONSTERHUB): monthly USDTE/USDTBSC payouts. HUB deposit address: Mxd846af3a8e96a7f0571f19db83c6ee0efc2bbbf4- BTC.Secure (receipt token ticker
LIQUIDHUB): weekly HUB payouts. HUB deposit address: Mxf3de01f0f0b790f05cf2d9c5f66917ff6706aead📯 Minter’s Channel on CoinMarketCap
Minter has signed up for the CoinMarketCap’s social media platform. Follow, like, comment, and share with friends!
https://coinmarketcap.com/community/profile/minternetwork
Minter has signed up for the CoinMarketCap’s social media platform. Follow, like, comment, and share with friends!
https://coinmarketcap.com/community/profile/minternetwork
🔋 Minter DEX Market Maker Contest
As part of preparations for the launch of all planned Minter DEX elements, we are launching a contest event. You’ll need to place orders at the close-to-market prices observed on CoinMarketCap. The goal is to concentrate liquidity around market prices of top assets via limit orders.
What you need to do
In pools with HUB, place limit orders to buy an asset within a -3% range of its price on CoinMarketCap.
Rewards
Over 24 hours, each pool is snapshot 24 times (once every hour at a random time). The user gets 0.01% of the volume of an order that’s active at the time of a snapshot.
How to join
1. Go to Minter Console (LIMIT ORDERS)
2. In the order creation form:
• choose HUB as a token to sell and enter the amount you want
• pick a token to buy from the list below
• specify the price that falls within the range (more on that below)
3. Press Create limit order
Supported pools
— BNB-HUB (CMC)
— BTC-HUB (CMC)
— ETH-HUB (CMC)
— USDTE-HUB (CMC)
— USDTBSC-HUB (CMC)
— USDCE-HUB (CMC)
— TON-HUB (CMC)
How to calculate the price using CMC
1. Open a CMC page of a selected token
2. Open a CMC page of HUB
3. Divide the price of a selected token by the price of HUB. This will be your upper bound
4. Multiply the result by 0.97. This will be your lower bound
— From July 15 @ 9:00 a.m. UTC till October 15 @ 9:00 a.m. UTC
— Payouts in HUB: 0.01% of the HUB volume in each recorded snapshot (a daily total of 24)
— Budget: up to 1,000 HUB
— Only active orders and non-filled amounts are accounted for (in case the order has been filled partially)
— You may replace orders in any volume and at any time
As part of preparations for the launch of all planned Minter DEX elements, we are launching a contest event. You’ll need to place orders at the close-to-market prices observed on CoinMarketCap. The goal is to concentrate liquidity around market prices of top assets via limit orders.
What you need to do
In pools with HUB, place limit orders to buy an asset within a -3% range of its price on CoinMarketCap.
Rewards
Over 24 hours, each pool is snapshot 24 times (once every hour at a random time). The user gets 0.01% of the volume of an order that’s active at the time of a snapshot.
How to join
1. Go to Minter Console (LIMIT ORDERS)
2. In the order creation form:
• choose HUB as a token to sell and enter the amount you want
• pick a token to buy from the list below
• specify the price that falls within the range (more on that below)
3. Press Create limit order
Supported pools
— BNB-HUB (CMC)
— BTC-HUB (CMC)
— ETH-HUB (CMC)
— USDTE-HUB (CMC)
— USDTBSC-HUB (CMC)
— USDCE-HUB (CMC)
— TON-HUB (CMC)
How to calculate the price using CMC
1. Open a CMC page of a selected token
2. Open a CMC page of HUB
3. Divide the price of a selected token by the price of HUB. This will be your upper bound
4. Multiply the result by 0.97. This will be your lower bound
— From July 15 @ 9:00 a.m. UTC till October 15 @ 9:00 a.m. UTC
— Payouts in HUB: 0.01% of the HUB volume in each recorded snapshot (a daily total of 24)
— Budget: up to 1,000 HUB
— Only active orders and non-filled amounts are accounted for (in case the order has been filled partially)
— You may replace orders in any volume and at any time
Growth of BIP = Growth of Rewards
In July so far, we have seen a gradual increase in the price of BIP—Minter network’s main asset. This means that rewards for delegation grow too, as they directly depend on the price of BIP. The dynamic mining introduced three months ago follows the rule: ‘The higher the price of BIP, the bigger the rewards.’
We’d like to also remind you that delegators who’ve locked their stakes are guaranteed to receive 3x more rewards.
How to lock
1. Go to https://console.minter.network/delegation
2. Scroll down to the Lock Stake section and press the button
— General stats on locks
— Details on dynamic mining and locks
In July so far, we have seen a gradual increase in the price of BIP—Minter network’s main asset. This means that rewards for delegation grow too, as they directly depend on the price of BIP. The dynamic mining introduced three months ago follows the rule: ‘The higher the price of BIP, the bigger the rewards.’
We’d like to also remind you that delegators who’ve locked their stakes are guaranteed to receive 3x more rewards.
How to lock
1. Go to https://console.minter.network/delegation
2. Scroll down to the Lock Stake section and press the button
— General stats on locks
— Details on dynamic mining and locks
Minter Network
Growth of BIP = Growth of Rewards In July so far, we have seen a gradual increase in the price of BIP—Minter network’s main asset. This means that rewards for delegation grow too, as they directly depend on the price of BIP. The dynamic mining introduced…
Since the dynamic mining roll-out,
- 60% of delegated BIP has been locked for three years to get boosted rewards (3х), and this number is constantly growing;
- the amount unbonded has been steadily decreasing, now standing near an all-time low;
- approx. 28M BIP ($36,000) has been burned via new mechanisms.
The reduction of BIP supply and deflationary policies are two factors of the novel BIP tokenomics that have a positive impact on its price growth.
- 60% of delegated BIP has been locked for three years to get boosted rewards (3х), and this number is constantly growing;
- the amount unbonded has been steadily decreasing, now standing near an all-time low;
- approx. 28M BIP ($36,000) has been burned via new mechanisms.
The reduction of BIP supply and deflationary policies are two factors of the novel BIP tokenomics that have a positive impact on its price growth.
Forwarded from Honee — Crypto Wallet
🔥 The first BEE staking program has successfully reached its limit of 15 million BEE
Some cool facts about BEE:
• 2/3 of the coins in circulation are locked by users in staking for 3 years
• 10 times price increase BEE saw in 2 months
• 99.99999% of initial supply was burned
Honee — crypto wallet that helps you earn.
https://honee.app/
Some cool facts about BEE:
• 2/3 of the coins in circulation are locked by users in staking for 3 years
• 10 times price increase BEE saw in 2 months
• 99.99999% of initial supply was burned
Honee — crypto wallet that helps you earn.
https://honee.app/
Forwarded from Honee — Crypto Wallet
🐝 BEE Staking Program №2
Staking options
— 1 year: 5% return in 12 months
— 2 years: 10% return in 12 months (20% in total)
— 3 years: 20% return in 12 months (60% in total)
Stake BEE »
(Rewards are sent out every day.)
Check out the full details of the BEE staking program https://medium.com/@honeeapp/bee-staking-2-yield-up-to-20-in-apr-40a967eee243
Staking options
— 1 year: 5% return in 12 months
— 2 years: 10% return in 12 months (20% in total)
— 3 years: 20% return in 12 months (60% in total)
Stake BEE »
(Rewards are sent out every day.)
Check out the full details of the BEE staking program https://medium.com/@honeeapp/bee-staking-2-yield-up-to-20-in-apr-40a967eee243
Forwarded from Honee — Crypto Wallet
Forwarded from Honee — Crypto Wallet
✅ You can now top up your Honee wallet with BNB, ETH, or any coin of the Minter network.
Once the deposit arrives, the wallet will offer you a set of cards with various earning options that you’ll be able to apply in one click. It takes a single action for the asset to be swapped and sent into the program of your choice.
https://honee.app
Once the deposit arrives, the wallet will offer you a set of cards with various earning options that you’ll be able to apply in one click. It takes a single action for the asset to be swapped and sent into the program of your choice.
https://honee.app
💵 HUB-BNB Community Pool: +20% in 30 days
Minter has recently rolled out a unique service for earning with liquidity pools on PancakeSwap using just one asset.
Those who provided their BNB into the community pool a month ago have already generated approximately 20% in returns.
It works pretty simple—the smart contract collects reward while you supply BNB tokens into the pool. This is similar to BNB staking, with the only difference that the potential gains are much higher than those offered in the official staking program by Binance, which stand at around 13% APR.
Send your BNB into the community pool to start earning!
✨ Go to Service »
Minter has recently rolled out a unique service for earning with liquidity pools on PancakeSwap using just one asset.
Those who provided their BNB into the community pool a month ago have already generated approximately 20% in returns.
It works pretty simple—the smart contract collects reward while you supply BNB tokens into the pool. This is similar to BNB staking, with the only difference that the potential gains are much higher than those offered in the official staking program by Binance, which stand at around 13% APR.
Send your BNB into the community pool to start earning!
✨ Go to Service »
Forwarded from Honee — Crypto Wallet
HUBSTAKE Staking
We’ve launched a staking program for the HUBSTAKE token with payouts in HUB. Send HUBSTAKEs into staking for a select period to get daily rewards. The longer the period, the bigger the reward!
Options:
— 1 year: 1% in yearly returns
— 2 years: 2% in yearly returns (a total of 4%)
— 3 years: 3% in yearly returns (a total of 9%)
— 4 years: 4% in yearly returns (a total of 16%)
— 5 years: 5% in yearly returns (a total of 25%)
• Stake now with Honee Crypto Wallet
On top of that, HUBSTAKErs will soon start getting USD stablecoin rewards originating from cross-chain transfer fees.
Details:
• Payouts in HUB;
• You may join the program any time between now and Saturday, July 29, 2023. After that, it will be no longer possible, while existing participants will continue receiving rewards according to the staking period they’ve picked;
• The total limit stands at 10,000 HUBSTAKE. Once it’s reached, users will no longer be able to stake new tokens;
• The user can choose several options at once, sending tokens into staking as frequently as every day;
• Rewards are automatically sent onto participant’s balance on a daily basis.
We’ve launched a staking program for the HUBSTAKE token with payouts in HUB. Send HUBSTAKEs into staking for a select period to get daily rewards. The longer the period, the bigger the reward!
Options:
— 1 year: 1% in yearly returns
— 2 years: 2% in yearly returns (a total of 4%)
— 3 years: 3% in yearly returns (a total of 9%)
— 4 years: 4% in yearly returns (a total of 16%)
— 5 years: 5% in yearly returns (a total of 25%)
• Stake now with Honee Crypto Wallet
On top of that, HUBSTAKErs will soon start getting USD stablecoin rewards originating from cross-chain transfer fees.
Details:
• Payouts in HUB;
• You may join the program any time between now and Saturday, July 29, 2023. After that, it will be no longer possible, while existing participants will continue receiving rewards according to the staking period they’ve picked;
• The total limit stands at 10,000 HUBSTAKE. Once it’s reached, users will no longer be able to stake new tokens;
• The user can choose several options at once, sending tokens into staking as frequently as every day;
• Rewards are automatically sent onto participant’s balance on a daily basis.
Forwarded from Honee — Crypto Wallet
👥 Honee crypto wallet rolls out referral links
Invite friends and get rewards!
Currently, you can bring your friends to join BEE staking for 10% on their rewards.
💵 Start earning with Honee!
Invite friends and get rewards!
Currently, you can bring your friends to join BEE staking for 10% on their rewards.
💵 Start earning with Honee!
Forwarded from Honee — Crypto Wallet
Forwarded from Honee — Crypto Wallet
🐝 Over the recent weeks, our team has been as busy as a BEE.
We’re excited about rolling out some cool features to the Honee crypto wallet.
— BNB and ETH deposits
— Improved onboarding
— Referral links
— https://news.1rj.ru/str/HoneeBot
— BEE, HUB, and MUSD staking
Earn with Honee!
https://honee.app
We’re excited about rolling out some cool features to the Honee crypto wallet.
— BNB and ETH deposits
— Improved onboarding
— Referral links
— https://news.1rj.ru/str/HoneeBot
— BEE, HUB, and MUSD staking
Earn with Honee!
https://honee.app
Last month, Minter Team launched new staking programs and contests, and continued working on new tools.
https://minterteam.medium.com/f9f4880a9407
https://minterteam.medium.com/f9f4880a9407
Medium
Minter’s Month in Review—July 2022
News & Events…
🔥 3rd Special Address Burn
Yesterday marked the third buyback and burn of BIP from an address that accumulates 0.1% on each swap in liquidity pools. 2 170 000 BIP (≈$1,954) has been bought back and burned via transfer to the 0th address:
https://explorer.minter.network/transactions/Mt29e2afbe2cd153463d85151cde46c7f8a9be0a1552653239a3b8cd8b2cf41b8c
The more swaps, the bigger the buyback, the scarcer the BIP.
Over 11M BIP has been burned via this mechanism to date!
Yesterday marked the third buyback and burn of BIP from an address that accumulates 0.1% on each swap in liquidity pools. 2 170 000 BIP (≈$1,954) has been bought back and burned via transfer to the 0th address:
https://explorer.minter.network/transactions/Mt29e2afbe2cd153463d85151cde46c7f8a9be0a1552653239a3b8cd8b2cf41b8c
The more swaps, the bigger the buyback, the scarcer the BIP.
Over 11M BIP has been burned via this mechanism to date!