🥳 1/2 of Supply Reached

Congratulations on making it halfway through BIP mining, everyone! As of today, 50%—or 5B out of 10B—of all BIP has been issued. Over time, it’s getting more and more difficult to mine new coins, so take care of your stake.

📖 Guide: how to delegate.

🐶 SHIB has arrived on Minter!

Once a memecoin, Shibtoken has gained massive recognition & evolved into a full-fledged ecosystem with highly supportive community.

To transfer the SHIBA INU token from Ethereum to Minter and the other way around, visit https://console.minter.network/hub

— Site: shibatoken.com
— CMC: https://coinmarketcap.com/currencies/shiba-inu/
— Ethereum smart contract:
0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
— Page of SHIB on Minter: https://chainik.io/token/SHIB (info, liquidity pools, holders)

🍪 A yield-farming program for the SHIB-BIP pool @ 10% in monthly rewards starts tomorrow.

P.S. Before making any operation, double-check the token’s ticker. Approved cross-chain tokens have the verified blue badge across all of our official wallets, Console, & Explorer.

🕹 LIMIT GAME — Catch the Candlestick!

LIMIT GAME starts today. Players have to guess the future price of an in-game asset by placing a limit order. There will be a total of four independent rounds, each we’ll announce separately.

Goal: teach users to create limit orders and test functionality before release. The game takes place on the Taconet test network.

💸 Prizes
• Round 1: Nov. 17 till Nov. 19 = 50 000 BIP
• Round 2: Nov. 19 till Nov. 22 = 50 000 BIP
• Round 3: Nov. 22 till Nov. 25 = 50 000 BIP
• Round 4: Nov. 25 till Nov. 28 = 50 000 BIP

🍪 Airdrop
Everyone to participate in all four rounds will get a guaranteed airdrop. A budget of 300 000 BIP will be distributed equally.

📋 Round 1 rules
— All players will receive AMAZON token to the address they've registered. This token needs to be put up for sale using one or several limit orders in a pool with the LIMITGAME token.
— You can set price for AMAZON anywhere between 101 and 500 per token. You need to guess at which price level your order will be filled.
— How will AMAZON's price grow? On the last day of the round, the organizers will send a transaction that will cause the price increase of the AMAZON token in the AMAZON-LIMITGAME pool. This price movement will trigger the execution of limit orders placed by some players.

How do I create a limit order to take part in the first round?

🏆 Picking the winner
— The largest executed order, whose price differs from the AMAZON token's final one by no more than 5 per cent, wins.
— Placing multiple orders is allowed, but keep in mind that the number of tokens is limited by the amount you've received at the start.
— To create an order, go to the Taconet test network's Console.

⛔️ It is prohibited to
— Make any deposits to your address
— Send your tokens to other addresses
— If you violate these rules, you'll get disqualified

Bonus from chainik.io: special achievement badges for players who've completed all four rounds.

💬 Chat for questions and feedback on the functioning of limit orders on the Taconet (Minter) test network

🌌 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:
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 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)

How does the Minter network enter the winter season?

https://minterteam.medium.com/a0f06eb2fe5b

🧮 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)

✅ 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?

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:
— BNB
— USDTBSC
— BUSDBSC

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 ✅.

🎄 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!

✅ 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

✅ 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

✅ 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
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

💵 New Fees in Minter

Today, Minter Network fees have been updated in a move supported by the majority of validators in a vote.

✅ The most important change is that all fees are now pegged to the U.S. dollar.

The transfer fee stands at 0.01 USDTE, and the swap fee, at 0.03 USDTE + 0.2%. Fees for placing limit orders and creating tickers have been modified as well.

All fees are still paid in BIP, with the only difference being that the dollar worth is calculated in BIP and then charged to the user.

An up-to-date fee is displayed when sending a transaction from Console or an official wallet.

✅ Minter: 2021 Achievements

#4: Unspent Fee Refund

The new algorithm for charging fees allows users to get cashback in cases when the send fee turns out to be less than what the user has already paid. The remainder arrives into your Minter wallet.

#Minter2021

✅ Minter 2021 Achievements. #5: Easy modular connection of other blockchains to Minter Hub

Thanks to its new architecture, Minter Hub makes it possible to easily interconnect any blockchain that supports advanced multisig addresses or smart contracts.

Minter Hub unlocks access to the assets, liquidity, and DeFi tools of third-party networks.

On the technical side, the process of connecting is not complex, but economically, oracles need to consider all integration-related aspects. For one, setting up and running nodes on external chains—which a Minter Hub oracle requires—will increase one’s expenses.

In 2021, Ethereum and Binance Smart Chain have been connected. Potential candidates for 2022: Tron, Solana, Polkadot, Cardano, Polygon, and Terra. Oracles assess whether it’s reasonable to onboard a given network and offer their suggestions.

#Minter2021

✅ Minter 2021 Achievements. #6: Listing of popular cryptos on Minter

Launch of the Minter Hub bridge has made it possible to move tokens between the networks. As of the end of 2021, support has been added for the following top coins:
— BTC
— ETH
— BNB
— USDT, USDC, BUSD, and other stablecoins

Other tokens have been listed, too. All of them are not only trading freely on Minter, but can also be transferred across Minter, Ethereum, and Binance Smart Chain.

More cryptocurrencies—those of both recognized and niche projects—are coming to Minter Hub in 2022.

Always double-check the token’s ticker before making any operation. Approved cross-chain tokens are displayed on the Deposit & Withdraw page in Minter Console and have the verified blue badge.

#Minter2021

✅ Minter 2021 Achievements. #7: AMM liquidity pools

The most important feature introduced this year is liquidity pools. A liquidity pool is a trading pair of coins/tokens with locked funds of providers who guarantee swappability.

Minter pools have several major competitive advantages over popular DEXes:
— Swaps are final in 5 seconds (1 block)
— The fee = $0.03 + 0.2%

Buying or selling through a liquidity pool, traders use funds that have been previously locked into it, while liquidity providers earn 0.2% on each trade. The process is carried out using Automated Market Maker (AMM).

Routing

If the user needs to swap two tokens that do not have a common pool for direct exchange, the conversion can take place through a chain of pools (up to 5 tokens). This means that when token A is swapped for token E and there is a chain allowing them to “connect,” the route will look like this:

A ⇢ B ⇢ C ⇢ D ⇢ E

In the example above, token A is swapped for token E through a chain of up to 4 liquidity pools.

• Pools in Explorer
• Pools in Chainik

💡 Guide

#Minter2021

✅ Minter 2021 Achievements. #8: Limit orders in liquidity pools

In 2021, Minter has revolutionized DeFi protocols by introducing On-Chain Automated Market Maker with Order Book (AMMOB).

Being a decentralized assets marketplace, Minter now lets its users place and execute limit orders in order to buy or sell any crypto at a pre-determined rate. Limit orders are located inside the liquidity pools themselves.

One of the features of this approach is that part of the volume may be automatically filled through a limit order, while the remaining part, via regular AMM inside the pool.

AMMOB solves three major problems of traditional AMM pools:
1. Traders can buy or sell at a fixed price without giving up the liquidity benefits of AMM pools;
2. AMMOB pools are suitable 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 and later sell it at 1% above the market;
3. An AMMOB pool is more liquid than a traditional AMM one: in some areas, the price curve becomes a straight line.

— Create limit order
— Learn more about AMMOB

💡 Guide:
How to use limit orders

#Minter2021

Happy New Year, everybody! Last month’s important milestones were like presents under the Christmas tree. But we’ve left one of them—namely, the tokenomics—to be unwrapped in 2022.

https://minterteam.medium.com/4d93d5860ff8

BIP MegaPool

The Minter team is currently developing a solution that would allow the owners of BIP to earn and significantly increase the native coin’s liquidity. The holders will have a unique opportunity to put their coins into a pool with USDT and benefit from fees, farming, and BIP’s growth. They will not even need USDT, which will be supplied by external providers.

To create MegaPool, we will set up a multisig deposit address targeting the 500M BIP mark. Once the participant has transferred BIP, they will start receiving 2% monthly (or 24% in APR) on the amount of provided BIP. Upon liquidity removal, BIP holders will get 75% of the dollar returns that will have been generated from the pool’s growth and collected fees. The remaining part will go to the dollar providers.

As soon as 500 million BIP is deposited, we will launch smart contracts on the BSC and Ethereum networks. The contracts will add liquidity into Uniswap and PancakeSwap.

For external buyers, MegaPool will also present an opportunity to purchase a large amount of BIP. The coins will be sold, however, at a 25-percent premium to prices observed on uniswap/pancake. The resulting USDT will be sent to the participants’ wallets right away, and they will then decide whether to buy BIP or keep USDT.

To sum up:
- All BIP owners will get an opportunity to earn on liquidity provision: fees, possible rise in price, farming at a 24-percent APR
- USDT will be supplied into the pool by external providers, meaning BIP holders will need only one coin—BIP
- This solution will help substantially boost BIP’s liquidity and its attractiveness in the crypto market