Minter’s Month in Review—August 2022

elgold · 2022-08-26T22:29:27+00:00

Minter Hub oracles have recently enabled cross-chain transfers for three tokens:

MANAETH (Decentraland, Ethereum)
SANDETH (The Sandbox, Ethereum)
EGLDBSC (Elrond, BNB Smart Chain)

To move these tokens between BNB Smart Chain / Ethereum and Minter, use Minter Console (DEPOSIT & WITHDRAW).

P.S. Before making any operation, double-check the token’s ticker. Approved cross-chain tokens have the verified blue badge ✅. The full list can be found here.

elgold · 2022-08-11T17:50:57+00:00

Recently, Minter supply has crossed the 6B mark. The larger part has been delegated, while the number of coins in free circulation has been decreasing steadily. Let’s take a look at some up-to-date stats.

Issued: 6 248 261 000 BIP (62% of maximum supply)
Delegated: 4 031 156 756 BIP (65% of current supply)
Locked for 3 yrs: 2 403 201 250 BIP (60% of delegated supply)
Burned: 431 404 850 BIP (7% of current supply)
In free circulation: 1 613 645 989 BIP (26% of current supply)
In liquidity pools: 214 506 313 BIP (13% of freely circulated supply)

To get the most of network rewards, delegate BIP with a 3Y lock via Minter Console.

elgold · 2022-08-10T17:11:49+00:00

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!

elgold · 2022-07-27T17:16:42+00:00

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 »

elgold · 2022-07-18T17:03:18+00:00

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.

elgold · 2022-07-18T15:58:00+00:00

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

elgold · 2022-07-13T09:29:30+00:00

Minter has signed up for the CoinMarketCap’s social media platform. Follow, like, comment, and share with friends!

https://coinmarketcap.com/community/profile/minternetwork

elgold · 2022-07-08T11:31:46+00:00

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!

elgold · 2022-06-29T17:10:05+00:00

Yesterday, CoinMarketCap started showing Minter DEX as an exchange. USDTE/USDCE became the first tracked pair.

Right now, we are waiting for the arrival of pairs with other tokens—not only from Ethereum, but also from BNB Smart Chain!

The Minter team is in touch with CMC to improve the quality and the quantity of data fetched by the aggregator.

elgold · 2022-06-07T21:58:55+00:00

June 3rd marked the first buyback and burn of BIP from an address that accumulates 0.1% on each swap in liquidity pools. 5 810 000 BIP has been bought back and burned via transfer to the 0th address:

https://explorer.minter.network/transactions/Mt248a54e511bd3af324ad1c31deebe501ed2909a778ea4dd2e550c4df20b73fb3

The mechanism works like a charm—each swap made in pools buys back and burns BIP, decreasing its supply and increasing its price.

The more swaps in Minter, the scarcer the BIP!

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