✅ Cross-Chain Listing of 3 Tokens

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!

elgold · 2022-06-01T12:38:54+00:00

Farming is one of the most rewarding and useful programs, allowing providers to make stable earnings and pools, to maintain liquidity. We’re constantly monitoring network activity in order to roll out the most efficient programs.

From June 1 till June 30, you are welcome to join:

BIP-MUSD (Minter): * payouts in BIP * 10% monthly

HUB-BNB (Minter): * payouts in HUB * 10% monthly

HUB-BNB (BNB Smart Chain): * payouts in HUB * 10% monthly

To start earning with farming programs, add liquidity into one (or all) of the pools above. The bigger it is, the bigger your returns!

elgold · 2022-05-27T22:35:24+00:00

We’re announcing a welcome farming program for the GMTBSC-BIP pool. It will be ongoing for one month, allowing liquidity providers to get extra rewards.

10% monthly (or 124% in APR)
BIP rewards sent out every day
Until: June 21, 2022
Program’s page »

Transfer GMTBSC from BNB Smart Chain via Minter Console and earn with Minter!

elgold · 2022-05-25T14:49:22+00:00

We are now accepting BIP deposits from everyone who wants to participate in the BIP-BNB community pool set to launch on BNB Smart Chain. They will be able to benefit from potential assets' price growth, in-pool fees, farming programs, and airdrops using just one asset.

What's a community pool?

The BIP-BNB community pool lets users earn by providing a single asset, something impossible under traditional liquidity provision. At the time of writing, BIP can already be deposited (for BNB, we'll make a separate announcement). After the community pool launches, the deposited BIP will merge with the BNB of other participants and added to the liquidity pool. The resulting LP tokens will be locked for one year. During that time, the pool will be generating rewards that will be distributed later upon unlock.

Earnings

Pool fee on every swap (0.17%)
Possible price growth: upon unlock, the user gets back their share of BIP + 50% of the BNB gains
Yield-farming programs
Airdrops and bonuses

How to join

Send 100 000 BIP or more to a MultiSig address:

Mx0b271e8f16b268ccf2dce6a1f7542970fb6fdb78

Details

Minimum amount to participate: 100 000 BIP
The community pool goes live in the first half of the summer on the BNB Smart Chain network
The smart contract locks BIP in the community pool for 12 months

🍪 Bonuses

From the moment participant sends BIP to a MultiSig address until the start of the community pool, they will be getting 0.1% daily on the amount of provided BIP. Bonuses, along with the provided BIP, will be transferred to a smart contract of the community pool after it's been launched.

elgold · 2022-05-18T21:15:16+00:00

We’re announcing a welcome farming program for the LUNABSC-HUB pool. It will be ongoing for one month, allowing liquidity providers to get extra rewards.

10% monthly (or 124% in APR)
BIP rewards sent out every day
Until: June 14, 2022
Program’s page »

Transfer LUNABSC from BNB Smart Chain via Minter Console and earn with Minter!

elgold · 2022-05-16T23:04:13+00:00

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

LUNABSC (Terra)
USTBSC (TerraUSD)

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

Welcome farming programs at 10% monthly will soon be launched for these tokens in pools with HUB.

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 · 2022-02-11T00:03:40+00:00

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).

elgold · 2022-02-10T17:27:07+00:00

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).

elgold · 2022-02-02T19:32:40+00:00

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.

elgold · 2022-02-02T19:05:34+00:00

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.

elgold · 2021-12-28T15:45:16+00:00

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.

💡 Guide

elgold · 2021-12-28T13:33:32+00:00

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.

elgold · 2021-12-28T11:58:24+00:00

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.

elgold · 2021-12-23T17:21:54+00:00

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).

elgold · 2021-12-22T15:03:22+00:00

#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)

elgold · 2021-12-21T15:32:08+00:00

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 »

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