Topic: 🔥 [ANN] Minter. The Internet of Money - page 11. (Read 6180 times)

A beta version of MBANK will launch a mechanism for buying and selling BIP at the official price, for which top 100 delegators will be voting using the COIN coin. Also with this coin, delegators will be voting for the top projects to be granted the right to sell BIP on MBANK.

For buyers, the mechanism will not be much different from what is observed today — one sends BTC and gets BIP in return. In the new version though, all BIP purchased via MBANK will be counted, and users will be able to sell that very amount at the highest priority. The logic is simple: if you buy here, you might as well be the first to sell here.

Top 100 delegators will be the second most-prioritized layer. Every day, they will have to vote for the price and for the best project, thus receiving the right to place any amount for sale. Eventually, their BIP will be sold proportionally to their stake. If a delegator does not vote or place an order, their slot will be given to the Projects layer. That is reasonable: not all delegators will be willing to sell on a daily basis.

Top 10 projects (the number will be extending) with karma’ed addresses and delegators’ votes will be able to place sell orders of any volume. The coins will be sold proportionally to the votes cast in favor (according to the size of the voter’s stake).

The next layer is Team, and after it — if no one is willing to sell — DAO.

The order book of the alpha version will be disabled, but anyone will be able to place a sell order through a direct link and request BTC in exchange or sell custom coins with payments via BTC, other major cryptocurrencies, or bank cards. For scam prevention purposes, only top projects with karma will be allowed to sell custom coins.

Now then, what will the beta include?

• Price voting by top 100 delegators
• Project voting by all participants of the network
• Fast entry and exit for anyone who prefers MBank as a primary exchange spot
• Top 100 delegators selling proportionally to their stake (payouts once every 24 hours)
• Top 10 projects selling proportionally to the votes cast in their favor (payouts once every 24 hours)

What do I do?

• If you are a user: buy and sell through MBANK
• If you are a delegator: increase your stake, vote for the price and projects, sell proportionally to your share
• If you are a delegator: increase your stake, vote for the price and projects, sell proportionally to your share
• If you have a project: sell BIP proportionally to your votes; sell custom coins to your clientele who will pay using a bank card

Haven’t reached the list of top 100 delegators or top 10 projects? Don’t plan to create your own coin or buy anything on MBANK? The answer is, wait for the instant conversion feature that will be delivered by Liquidity Providers right into your wallet. You’ll be able to choose a currency, provide your bank details, and withdraw the funds. Already today, as many as three Providers have started integration with our resources to implement instant conversion operations.

I saw it in Russian thread. There will be an additional information about signature campaign. So stay tuned.
I think this is very important for BIP promotion.

May I ask you about the source of information about the signature campaign?
Thank you.

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MBANK sets three short-term goals:

• Buying: Enabling users to quickly sell their BIP at a market price
• Cards: Enabling users to buy projects’ coins with a bank card
• Price stabilization: Purchasing any amount of BIP through a single API

P.S. The sell order volume has been limited to a minimum of 100,000 BIP. All orders containing less than 100,000 BIP have been canceled, and funds have been returned to the corresponding addresses.

⭐Minter - a new generation blockchain on the Tendermint engine, with instant transactions, the ability to create its own cryptocurrency and revolutionary mining holds a draw of 500000 BIP (~$55000).

The coin already has a very strong community, the leader of which is Evgeny Gordeev, the creator of the DeCenter cryptocurrency community and other crypto/blockchain projects. Minter develops marketplaces, chats and a bot where you can always buy and sell BIP (that's what the Minter currency is called), there are live threads on Bitcointalk, a lot of people chatting in telegrams, etc. The blockchain itself operates on the DPoS consensus algorithm (delegated proof of stake). Those this is not just another scam, but a project with a ready-made infrastructure and community.

• 1st place - 150000 BIP
• 2nd place - 100000 BIP
• 3rd place - 75000 BIP
• 4th place - 50000 BIP
• 5th place - 25000 BIP

And 10 more random users will receive 15,000 BIPs each.

How to participate in the 500000 BIP draw read more on the channel => https://t.me/MinterTeamEn

As soon as this fall, MBANK will roll out the following features:

• Purchase of any coin with a bank card, with the compensation coming from DAO funds
• Referral system for each order from the book (up to 10%)
• Limiting the sell order volume to a minimum of 100,000 BIP to support other exchange systems
• Enabling projects authorized via MinterScan to sell their BIP at the official price ($0.32) (members of the first pool will be selected by September 1, 2019)

Each feature will be presented in detail.

P.S. The sell order volume has already been limited to a minimum of 10,000 BIP. Pay careful attention to the information on https://bip.dev before you send your BIP.

They are going to start signature campaing in september second. It is planned to allocate 500 000 BIP tokens for this company.
So stay tuned.

there are groups and chats with airdrop and minter coin draws. try reading and participating there

https://t.me/joinchat/EafyERJSJZJ-nwH_139jLQ
https://t.me/MegaDropR,

Why not to provide more details about these validators?
Now I delegate to the Validator.Center who return some incom in their own token - ROYALTY. Its price is constantly rising because the validator redeem these tokens every day.

Please give links to the airdrop and bounty threads. Thank 

Unfortunately, the airdrop was distributed during the early access campaign, which ended in October 2018.

With a high probability, there will not be a bounty campaign, because the Minter mainnet is running.

Moreover - at least 2 validators (Minter Capital and Enlightenment Node) share their profit to their delegates! Pay attention to them!

In addition, the Minter team announced on August 9 that the DAO will soon support all validators for a total of about $ 4 million (additional capitalization of all validators is proportional to their stake of 100,000 BIP total per day!) - to increase profitability and conduct new promotions for delegates !
#V100

I see that validators have a lot of bonuses for delegators. That's fine. In some overs DPOS platforms delegators get a small part of validator's income. But here you can get up to 100%.

One of Minter users created this video!

Please check it, it's really cool!

https://www.youtube.com/watch?v=Nwo50Yo5zjA

This project is already super and I already working with quite a number of validators. It's transactions work at lightning speed. Further developments will make it's future really bright. Good luck 👍

The full document-navigation draft Minter

If you want to learn what a Minter or look for one of the community resources from a mobile device, it is without exaggeration the most convenient way, as for the execution of a document used the Telegraph service with the technology of instant viewing in the Telegram (instant view). For other users that use the PC or web version of Telegram, the document is also a convenient one-stop resource for Minter.

In this document you will find:

• Information about the network
• White paper
• The ideology of the project
• Road map
• Answers to many frequently asked questions (FAQ)
• All manuals for developers
• Where can I find and/or download the wallet
• Chat rooms for discussion and communication
• Sites, bots and the OTC group for the purchase and sale of BIP
• Bots-assistants
• Useful Telegram-channels community
• Non-profit organizations and charities

https://telegra.ph/Navigation-Minter-Network-07-31-2

Just now you have, at a minimum,  the following options to make a profit within the Minter ecosystem:

- passive income from the delegation of the native BIP coin;
- additional passive income from delegation (as compared to direct delegation of a native coin) of custom coins (if the coin you choose rises in price, or decrease in passive income if the coin becomes cheaper);
- buying a native coin, holding and selling at a higher (already about 3x since the launch of the mainnet);
- purchase of custom coins at a lower price and sale at a higher (trade);
- arbitration of a native coin between different exchange services and OTC.

There is no difference.

But there is a tendency that validators with a smaller stake often carry out promotions that make delegation more profitable.
For example, some validators return part of their commission to the delegators, etc.

However, you need to follow the news from validators to participate in such promos, and this is not a guaranteed offer.

Let's say that validators have the same commission percentage. But different number of delegated coins. Will it be more profitable to delegate to someone who has fewer coins?

That is quite interesting part and I would like to elaborate on that in a more detail.


Actually you can only exchange the tokens that is issued inside the minter blockchain. Tokens on other blockchains are not supported. At least for now. The team where saying that they wish to integrate BTC and ETH in to the blockhain in their official telegram but with no ETA's.


The tokens one may want buy and sell are not from other traders like on other dex'es but from the system itself. Emission of every token is "limitless" (that's what is PSO is stated for), actually the only limit is the price of the custom token. After each buy and sell price of a token get changed by the system. If a price or number of tokens in a circulation get's too low the token gets liquidated. And if it is useful the price goes up eventually.

sieemma,
Yes, you can exchange any Minter coins instantly in the console https://console.minter.network
(you can create a wallet here too)

This is DEX exchange, an alpha version of Mbank that is already working https://bip.dev/

You can read more about Mbank a little above here https://bitcointalksearch.org/topic/m.51952452

It is bought and sold by people who want to have money for their needs.
You can now sell a BIP and get real crypto, such as bitcoin or ether.


Articlepro,
I think you are right, the fee is important for many people.
As for Minter, the network fee for the transfer is just from 0.1 BIP.


DBProductions,
You can buy and sell BIP on Mbank exchange https://bip.dev/