✅ 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
✅ 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
#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.
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:
—
—
—
—
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 Hub oracles have enabled cross-chain transfers for:
—
BTCBSC—
ETHBSC—
TONBSC—
SQDTo 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
🔥 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
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
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:
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
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 ⇢ EIn 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
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
https://minterteam.medium.com/4d93d5860ff8
Medium
Minter’s Month in Review—December 2021
In December, the Minter team rolled out major upgrades for the main network and the Minter Hub sidechain…
✅ Cross-Chain Listing of 4 Tokens from Binance Smart Chain
Minter Hub oracles have enabled cross-chain transfers for:
—
—
—
—
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 ✅.
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!
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!
Forwarded from Minter Dev Notifications
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
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.
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.
New cross-chain additions, yield-farming opportunities, and progress in rethinking tokenomics.
https://minterteam.medium.com/9d13e5bedff4
https://minterteam.medium.com/9d13e5bedff4
Medium
Minter’s Month in Review—January 2022
In January, the Minter team…
🌉 100% Cashback on USDTBSC and BNB Cross-Chain Transfers
Users can now get back 100% on cross-chain transfer fees—the ones charged by the Minter Hub bridge and the BSC network itself—in cashback.
— Supported tokens: BNB and USDTBSC
— Route: Minter <=> Binance Smart Chain
— Payouts in BIP
— Cashback is accrued right after a cross-chain transfer has gone through
Free cross-chain transfers from Binance Smart Chain to Minter and the other way around will introduce even more opportunities for trading, providing liquidity into pools, and farming.
ℹ️ To move tokens between the networks, use Minter Console (Deposit & Withdraw).
Users can now get back 100% on cross-chain transfer fees—the ones charged by the Minter Hub bridge and the BSC network itself—in cashback.
— Supported tokens: BNB and USDTBSC
— Route: Minter <=> Binance Smart Chain
— Payouts in BIP
— Cashback is accrued right after a cross-chain transfer has gone through
Free cross-chain transfers from Binance Smart Chain to Minter and the other way around will introduce even more opportunities for trading, providing liquidity into pools, and farming.
ℹ️ To move tokens between the networks, use Minter Console (Deposit & Withdraw).
🔥 Minter 3
The Minter team is actively developing technical solutions that will help strengthen the tokenomics of BIP and optimize it in line with the leading chains’ practices.
We’ve put all functionality the team is currently working on into a single place.
🚀 For BIP growth drivers in Minter 3, visit www.minter.network/torronet
The Minter team is actively developing technical solutions that will help strengthen the tokenomics of BIP and optimize it in line with the leading chains’ practices.
We’ve put all functionality the team is currently working on into a single place.
🚀 For BIP growth drivers in Minter 3, visit www.minter.network/torronet
www.minter.network
Minter 3
Grand tokenomics update. Implementation of the best blockchain industry’s practices.
💠 Cross-Chain Listing of DOT
On February 16, we’ll cross-chain-list DOT (Polkadot). One of the most popular tokens, it’s on 1.3M CMC watchlists and held by more than 154K addresses on BSC. Upon listing, DOT will be available for trading and liquidity provision on Minter.
Press Real to help us get into the crypto calendar’s TOP once again. Many thanks for your support!
👍 Upvote »
You can also vote for this event on CoinMarketCap. To do that, find it by date (February 16).
On February 16, we’ll cross-chain-list DOT (Polkadot). One of the most popular tokens, it’s on 1.3M CMC watchlists and held by more than 154K addresses on BSC. Upon listing, DOT will be available for trading and liquidity provision on Minter.
Press Real to help us get into the crypto calendar’s TOP once again. Many thanks for your support!
👍 Upvote »
You can also vote for this event on CoinMarketCap. To do that, find it by date (February 16).
🥶 A fresh round-up of what was going on in the network during the end of the winter season:
https://minterteam.medium.com/1843f7094e90
https://minterteam.medium.com/1843f7094e90
Medium
Minter’s Month in Review—February 2022
Last month, Minter Team has started testing upcoming Minter 3 features…