✨ 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 »

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 They can be freely deposited to and withdrawn from Minter: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

✅ 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

💵 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.

✅ Cross-Chain Listing of 4 Tokens from Binance Smart Chain

Minter Hub oracles have enabled cross-chain transfers for:
— BTCBSC
— ETHBSC
— TONBSC
— SQD

To move these tokens between Binance Smart Chain and Minter, go to Minter Console (DEPOSIT & WITHDRAW section).

P.S. Before making any operation, double-check the token’s ticker. Approved cross-chain tokens have the verified blue badge ✅.

🦑 Minter and Binance Smart Chain users can now make cross-chain transfers of the SQD token

🔥 The WBNB/SQD pair’s liquidity on PancakeSwap currently stands at ~$58,000.

The project’s team pooled 17 BNB and 91 200 000 SQD (~$18 000, 20% of supply) upon BSC launch. The LP tokens have been burned by being sent to the zeroth address.

You can follow the trades at DEXTools.

Telegram channel: @sqd456
Website: sqd456.game
Read the disclaimer and disclosure carefully.

Briefly:

— SQD is a gaming memecoin across the Binance Smart Chain and Minter networks
— Total supply: 456 000 000 tokens
— 45.6% has been burned
— The decentralized pre-sale of 25% took place on Minter
— Each transaction on BSC (buy, sell, transfer, liquidity addition) is taxed: 0.5% is burned + 0.5% goes to Binance Charity
— 4.4% has been locked for 2 years
— According to the developers, 2022 will see the arrival of the game itself, NFTs, and various metaverse artifacts

✅ 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

✅ Cross-Chain Listing of 4 Tokens from Binance Smart Chain

Minter Hub oracles have enabled cross-chain transfers for:
— UNIBSC (bscscan)
— DOGEBSC (bscscan)
— MATICBSC (bscscan)
— CAKEBSC (bscscan)

To move these and other tokens between the Binance Smart Chain and Minter networks, go to Minter Console (DEPOSIT & WITHDRAW).

Welcome farming programs for these assets will follow soon.

P.S. Before making any operation, double-check the token’s ticker. Approved cross-chain tokens have the verified blue badge ✅.

❄️ New Farming Programs

Four new yield-farming programs will last through February 20 at 0.34% in daily rewards paid out in BIP.

— UNIBSC-BIP (details)
— DOGEBSC-BIP (details)
— MATICBSC-BIP (details)
— CAKEBSC-BIP (details)

Transfer these tokens from Binance Smart Chain through Minter Console and earn with Minter!

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

HUB + BNB = ❤️

While Minter Hub smart contracts are a work in progress, we’d like to present you HUB farming programs for the Minter and Binance Smart Chain networks:
1. HUB-BNB (Minter)
2. HUB-WBNB (BSC, Pancake)

Terms (for both pools):
— 0.1% per day (or 36.5% yearly)
— Rewards in HUB
— Active from: Feb. 1, 2022 to: May 15, 2022
— Minter’s program’s page (payouts once every 24 hours)
— BSC rewards claiming service is currently under development (will be announced separately)

As the Minter <-> Binance Smart Chain bridge grows, the two pools—one on each network—will make it possible to not only earn on farming, but also to take advantage of arbitrage situations.

Free Cross-Chain Transfers of BNB and USDTBSC

Minter will soon offer cashback on fees for moving BNB and USDTBSC between Minter and Binance Smart Chain.

💵 This means that users will be able to get up to 100% of their costs back.

New cross-chain additions, yield-farming opportunities, and progress in rethinking tokenomics.

https://minterteam.medium.com/9d13e5bedff4