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Topic: [ANN] Mintlayer - Decentralized Finance on Bitcoin | DEX | Tokenization (Read 1090 times)

newbie
Activity: 28
Merit: 18
What's going on with the project? The community doesn't look happy at all...

Not sure what really happened but the project is still going recently they published a progress report in this month ''Mintlayer Node - May 2022 Progress Report''
Social media is also active at least make a tweet almost every day and a decent place for discussion is on telegram I see the community is more active there
I see MLT is listed on CoinMarketCap but no data available.


What happened to Mintlayer is described in this article: https://www.albertodeluigi.com/2022/10/12/crypto-project-investors-money-lost-in-luxury-goods/

The telegram community passed from 40,000 users to less than 25,000. Currently I see mainly users from the group 4AM (a service paid to keep the chats active) doing copy-paste of prepared questions and answers.

San Marino removed RBB (the company that collected the money to develop Mintlayer) from the list of token issuers.

We rebranded (and upgraded) the project into Sequentia, here the telegram chat: https://t.me/sequentia_official

sr. member
Activity: 2114
Merit: 268
Leading Crypto Sports Betting & Casino Platform
What's going on with the project? The community doesn't look happy at all...

Not sure what really happened but the project is still going recently they published a progress report in this month ''Mintlayer Node - May 2022 Progress Report''
Social media is also active at least make a tweet almost every day and a decent place for discussion is on telegram I see the community is more active there
I see MLT is listed on CoinMarketCap but no data available.
legendary
Activity: 2576
Merit: 2880
Catalog Websites
What's going on with the project? The community doesn't look happy at all...
legendary
Activity: 2114
Merit: 1150
https://bitcoincleanup.com/
Bump! Since the OP is on longer active to update this thread.

It's better to join their Telegram channel or other official social media account to get updates.

About the presale, here's their latest announcement:

MLT Presale Event begins

Friday, April 22 at 6 PM CEST

Total allocation -  $60k worth of $MLT.

The count down has started on: https://launch.mintlayer.org

 (https://launch.mintlayer.org/)Ticket sizes: $50/$150/$300

Lightning Network payments accepted.

This is the only sale currently scheduled. The team has not decided whether they will offer any more pre-sale events after this one.

FAQ's on the upcoming token sale, airdrop, and project launch https://t.me/mintlayer/76170
hero member
Activity: 2338
Merit: 757
I received such a message in the mail
Quote

I don't see any results of this sale on their twitter. All I see is that some people had a problem buying coins. What do you know about this or should this project be considered fraudulent?
You can't describe the project as fraudulent just because you didn't find updates about the info you received by email. Please check you email inbox if you received the email from the official Mintlayer address. Also you can check other official channels[1][2] or report the email to support or via telegram group.
Honestly, i didn't receive this email and i will wait for a confirmation from other users as the manager seems to be inactive in this topic since a long period.

[1] https://www.mintlayer.org/news/
[2] https://medium.com/@mintlayer
sr. member
Activity: 1064
Merit: 300
I received such a message in the mail
Quote
Mintlayer pre-sale. Soon the first round of pre-sale will open to the public.

If you successfully passed the KYC, you can see the pre-sale countdown on your dashboard in the launch.mintlayer.org platform.
When the countdown ends, three tickets will appear on your dashboard. No need to refresh the page to see them.

Don't waste time when you see them, click on the ticket you want to buy and then confirm that choice.

If you are faster than the others, you will see a success message and the ticket is booked for you. You have up to 4 days (96 hours) to pay in BTC to confirm your allocation.

If you clicked on a button but there is no allocation left for the ticket you selected, you can try to buy another smaller ticket like the 100$ one.

Beware that if you buy a smaller ticket, you would not be able to participate in the next round when you might have the chance to grab a larger allocation.

Once you finalized the purchase, you will see the updated balance in your dashboard. You will be able to claim your MLT tokens upon Token Generation Event.

The team is currently targeting the end of the first quarter of 2022 for the TGE, but there is not a definitive date. The date could vary according to market conditions, VCs suggestions, agreements with third parties such as auditors and launchpads, or development updates.

If you do not get an allocation in this round, you will have more chances. You can wait for the countdown for the next sale round that will be announced early next year.

Please beware of fake Telegram channels and impersonators!
Follow only the official channels: t.me/mintlayer_announcements

I don't see any results of this sale on their twitter. All I see is that some people had a problem buying coins. What do you know about this or should this project be considered fraudulent?
legendary
Activity: 2604
Merit: 2353
No, the presale isn't over. On monday 22 the presale (called fair sale) on launchpool is happening. Only when it's finished (first week of december) the presale on launch.mintlayer.org starts. The KYC is required both for withdrawals of MLT from the launch platform and the whitelisting for the presale.
I have a question about the pre-sale. I have seen that if someone who has done KYC has already given $900 allocation to buy MLT tokens but can you tell me about the price for each token?
I can't find that anywhere. Is that a guaranteed allocation?
When i have done KYC verification and pay $900 for some MLT tokens and when will i get my tokens? What kind of asset that will be used by MLT tokens? Ethereum, BSC, or something else?
The price will be 0.1452$ per token according to this page https://launch.mintlayer.org/dashboard
For 900 USD you will get 6,198.347 MLT . But payments are only accepted in Bitcoin, onchain or through the Lightning Network.

hero member
Activity: 2436
Merit: 503
Cryptocasino.com
No, the presale isn't over. On monday 22 the presale (called fair sale) on launchpool is happening. Only when it's finished (first week of december) the presale on launch.mintlayer.org starts. The KYC is required both for withdrawals of MLT from the launch platform and the whitelisting for the presale.
I have a question about the pre-sale. I have seen that if someone who has done KYC has already given $900 allocation to buy MLT tokens but can you tell me about the price for each token?
I can't find that anywhere. Is that a guaranteed allocation?
When i have done KYC verification and pay $900 for some MLT tokens and when will i get my tokens? What kind of asset that will be used by MLT tokens? Ethereum, BSC, or something else?
newbie
Activity: 28
Merit: 18
I have carefully read https://www.mintlayer.org/mlt/ and am trying to understand a little bit how it works
so if i stake MLT in the dedicated wallet, can i withdraw bitcoin in the mainnet?

it looks a lot like the stake system, and I like that very much (i mean miamicoin and other citycoin)

staking on Mintlayer network allows you to earn fees paid in any token issued on Mintlayer. To earn Bitcoin on mainnet, you have to execute a DEX transaction between Mintlayer sidechain and BTC mainchain (atomic swap or lightning swap)

Is the presale of Mynthlayer already over! I click on the link shared above and it leads to where kyc should be done, is this process for receiving this airdrop they are giving or for the presale?
I want to know the details before going ahead with the verification process.

No, the presale isn't over. On monday 22 the presale (called fair sale) on launchpool is happening. Only when it's finished (first week of december) the presale on launch.mintlayer.org starts. The KYC is required both for withdrawals of MLT from the launch platform and the whitelisting for the presale.
hero member
Activity: 2562
Merit: 577
Is the presale of Mynthlayer already over! I click on the link shared above and it leads to where kyc should be done, is this process for receiving this airdrop they are giving or for the presale?
I want to know the details before going ahead with the verification process.
legendary
Activity: 2604
Merit: 2353
Cool that early adopters get an additional 25 MLT. Appreciated!  Smiley
That was confirmed for the early, because I just registered yesterday and complete all task, I only get 150 MLT max without reff.
I also did register for whitelist, it's about 24 hours after I complete filling additional required info, but the KYC verification is still pending. I hope, my wait won't take 1 week or longer.
150MLT is still a pretty large amount, and you're quite lucky because thanks to the new pay rates I only got 50MLT(with referrer) at the end  Tongue
Mintlayer seems to be a victim of its own success actually

Quote
And the enthusiasm seems to be spreading. The growth curve looks seems to be exponential. But the Mintlayer token supply is finite. Consequently, the airdrop rewards for all activities will be revised as follows:

15 MLT for joining Telegram
10 MLT for joining Twitter
15 MLT for retweeting our post
10 MLT for signing up with a referral code
5 MLT for any invited users who signup with your referral code

These new reward levels will be applied to the launch.mintlayer.org platform very soon, only to new users. If you have already an account, your balance doesn't change.
https://t.me/mintlayer_announcements/85
 
sr. member
Activity: 1638
Merit: 260
Trphy.io
Cool that early adopters get an additional 25 MLT. Appreciated!  Smiley
That was confirmed for the early, because I just registered yesterday and complete all task, I only get 150 MLT max without reff.
I also did register for whitelist, it's about 24 hours after I complete filling additional required info, but the KYC verification is still pending. I hope, my wait won't take 1 week or longer.
legendary
Activity: 1862
Merit: 1327
I have carefully read https://www.mintlayer.org/mlt/ and am trying to understand a little bit how it works
so if i stake MLT in the dedicated wallet, can i withdraw bitcoin in the mainnet?

it looks a lot like the stake system, and I like that very much (i mean miamicoin and other citycoin)
legendary
Activity: 2366
Merit: 2054
I had to set a new password and had a quick chat with the customer service. Worked perfectly! Anyone who can't log in should take a quick look at their email inbox.

Cool that early adopters get an additional 25 MLT. Appreciated!  Smiley
I did last minutes ago, I Live to Chat with customer service, Ankit Kumar on https://launch.mintlayer.org, because I can't log in also.
I have successfully received the link into my email and created a new password, and now can log in into the website. Seems like I got additional MLT to be 175 MLT now.

legendary
Activity: 1624
Merit: 4417
Hey ! What problems did you encounter? Give complete technical information - which platform is hardware, operating system (including bit depth), and chronology of node installation (commands, at what stage and what happened). I will try to help you compile - everything worked out for me, not right away, tk. there are small "nuances"

Found help on Telegram. Thanks anyway!  Smiley



By the way: The Mintlayer Launch Platform is back online!



Source: https://launch.mintlayer.org/

I had to set a new password and had a quick chat with the customer service. Worked perfectly! Anyone who can't log in should take a quick look at their email inbox.

Cool that early adopters get an additional 25 MLT. Appreciated!  Smiley
legendary
Activity: 3752
Merit: 1864
....
I have a little trouble compiling the code myself. The Github readme helps, but a guide would really be helpful. Will the step-by-step guide be available in different languages? If yes, I would write an information post for the German subboard. I am sure that many other users from the German speaking board would be interested.
....

Hey ! What problems did you encounter? Give complete technical information - which platform is hardware, operating system (including bit depth), and chronology of node installation (commands, at what stage and what happened). I will try to help you compile - everything worked out for me, not right away, tk. there are small "nuances"
legendary
Activity: 2604
Merit: 2353
I got it also, 50 MLT just joined telegram. it could be more (100 MLT) if add a Twitter account and retweet the post.
Is it still opened to join today?

I got a link from Telegram but it was expired or the link was moved to a new one. I guess the campaign already ended. If it is still opened, please help me because I want to join it.

No the website is currently under maintenance but when it will be operational again you should be able to grab some MLT tokens again like that :






The project looks to be very great with more than $5.2M was secured in Seed phase and many big backers and partners.

I read but not totally understand it. It seems the project is for Bitcoin and Lightning network only. Is it compatible with BSC or Avax?

No it's not the same protocol but I've read on the telegram channel that "there will be tools for creating pegged versions of BSC tokens"
Unlike BSC and Avax, Mintlayer will use a non-Turing complete language.

Quote
Both EVM and WASM are Turing-complete, which means that the system can process whatever rule-set of data manipulation, opening up virtually infinite possibilities for developers to create smart contracts. Instead, Mintlayer uses the Bitcoin-like script-based approach: it is non-Turing complete and therefore limited by a determined set of rules that must be followed. This approach sacrifices some versatility in exchange for higher safety, sustainability, and speed of validation.
Generally, script-based smart contracts tend to produce less network pollution and execute faster than Turing-complete contracts, thus ensuring a more manageable environment for developers. On the contrary, complicated architectures on blockchains end up causing more issues than benefits: having endless possibilities might end up clogging servers, while at its core, a Turing-complete system is not even required by most blockchain applications.
[...]
It is one of the main reasons why Solidity smart contracts have shown a higher probability of breaking over time: among the historical failures, more notable ones are the DAO hack and Parity's multiple signature validation program. On the other hand, the possibilities provided by a script-based system are sufficient and proportionate to the purpose of Mintlayer’s DeFi and DEX functionalities, without incurring the risks of Turing completeness. By combining several simple scripts, it is possible to produce highly advanced contracts.
https://docs.mintlayer.org/whitepaper/4-decentralized-finance-defi#4.1.-script-based-smart-contracts-and-turing-incompleteness
hero member
Activity: 2366
Merit: 838
I got it also, 50 MLT just joined telegram. it could be more (100 MLT) if add a Twitter account and retweet the post.
Is it still opened to join today?

I got a link from Telegram but it was expired or the link was moved to a new one. I guess the campaign already ended. If it is still opened, please help me because I want to join it.

The project looks to be very great with more than $5.2M was secured in Seed phase and many big backers and partners.

I read but not totally understand it. It seems the project is for Bitcoin and Lightning network only. Is it compatible with BSC or Avax?
legendary
Activity: 1624
Merit: 4417
First of all, great community call boys! And congrats on launching the Mintlayer testnet! Keep up the good work.  Smiley



Is there any update on the testnet step-by-step guide? Is there already a schedule when the guide will be published?



Quote
Are you ready!? The Mintlayer testnet is officially launched! Soon, we will have a comprehensive step-by-step guide for installing and running a node. You can get an early start today if you are comfortable working with GitHub and compiling code yourself.

Source: Mintlayer Telegram Group

I have a little trouble compiling the code myself. The Github readme helps, but a guide would really be helpful. Will the step-by-step guide be available in different languages? If yes, I would write an information post for the German subboard. I am sure that many other users from the German speaking board would be interested.



Btw, there is another communiy call on November 18, 06:30 PM. Awesome!



Source: https://twitter.com/mintlayer/status/1459392160076345344
legendary
Activity: 1862
Merit: 1327

when I read the whitepaper, there is a bitcoin blockchain with mintlayer sidechains, I'm not sure about this, but I read up about MLS-02 reward also

and the point is, when they launched core wallet, that is possible their own the mintlayer blockchain.


thank you
very interesting, so it would be like Lightning Network or like RSK https://www.rsk.co/
I don't understand much technically, but I understand that they work related to bitcoin but on parallel blockchain, tell me if I'm wrong

given the success of Lightning Network, I think MintLayer will have similar success
legendary
Activity: 2366
Merit: 2054
Looking forward to creating a Mintlayer Wallet.  I will create my wallet immediately.  Will there be a mobile app?  I guess there will be good developments as a result of the testnet.  5 days left for testnet.  I'm looking forward to November 10th.
they prepare for launching core wallet immediately, that possible will create light, web, and mobile application. I'm not sure, but when possible just do fork it from electrum wallet on Github to learn it.

what will be the foundation of tokens in Mintlayer? Will they be issued on a bitcoin separate sidechains or will they work on the actual Mintlayer sidechain? Can you please specify this as I haven't really understood how this os going to work.

when I read the whitepaper, there is a bitcoin blockchain with mintlayer sidechains, I'm not sure about this, but I read up about MLS-02 reward also

and the point is, when they launched core wallet, that is possible their own the mintlayer blockchain.

Extremely happy to get some free MLT tokens at joining.
I'd like to know whether the KYC checking process has begun or is it scheduled for some time later? I've already applied for the same because of the benefits that we are getting to buy MLT tokens cheaper. I'm somewhat confused that even after being whitelisted, why can't I purchase the tokens and it still asks me to register for the whitelist? As well, will MLT wallet be a custodial one?
I got it also, 50 MLT just joined telegram. it could be more (100 MLT) if add a Twitter account and retweet the post.
legendary
Activity: 2604
Merit: 2353
Less than five days for the testnet boys! Time to get excited!  Cool



Source: https://twitter.com/mintlayer/status/1456668271193825285

I'm really curious and I'm going to try out the test network a little bit on November 10th. Can't wait to create my first NFT on Mintlayer.
That's a great news!  Cheesy I hope people will share their testnet adresses here or on telegram to be able to send and receive those testnet tokens. And maybe someone will even offer you to buy your first NFT against some tokens  Tongue

what will be the foundation of tokens in Mintlayer? Will they be issued on a bitcoin separate sidechains or will they work on the actual Mintlayer sidechain? Can you please specify this as I haven't really understood how this os going to work.
Why they would be issued on a separate sidechain and not on the "actual Mintlayer" one? You mean there will be a specific sidechain for the tokens? I didn't understand that.
legendary
Activity: 1862
Merit: 1327
what will be the foundation of tokens in Mintlayer? Will they be issued on a bitcoin separate sidechains or will they work on the actual Mintlayer sidechain? Can you please specify this as I haven't really understood how this os going to work.
legendary
Activity: 1624
Merit: 4417
Less than five days for the testnet boys! Time to get excited!  Cool



Source: https://twitter.com/mintlayer/status/1456668271193825285

I'm really curious and I'm going to try out the test network a little bit on November 10th. Can't wait to create my first NFT on Mintlayer.
newbie
Activity: 28
Merit: 18
Regarding mintlayer net whether it will be compliant with RSK? i meant a blockchain that can be used by changing its RPC to connect into the network. We know that if this will make people easy to use mintlayer main net instead of using different algo that may make people feel a bit complicated to adapt with a new mainnet that has different mechanism.

it won't be "compliant" with RSK, because it's a new sidechain. If it's anchored to Bitcoin it can't have other mechanisms looking at RSK. But EVM contracts written in Solidity can be easility ported to Mintlayer as contracts (written in Ink!) in the WASM environment of the programmable pools. This also apply to smart contracts related to SOV for example, which allows to re-create the SOV ecosystem on Mintlayer.

There's also another question about how much MLT will be allocated for SOV stakers?
The detailed SIP is here:  https://github.com/erubboli/SIPS/blob/main/SIP-0033.md

I just go a newsletter from sovryn announcing the Mynthlayer sale on the sovryn dex by Monday, the sip was approved eventually,  good news to all who are eagerly waiting to get their hands on Mynthlayer project, it is happening soon so get your rbtc ready for those who are familiar with the sovryn dex.
im just reading a message from sovryn's admin it says that if the vote will be postponed until end of this month. I didn't know which true statement. It makes me a bit confusing about that
actually, the token "Mynt" is a different token, different project, different sale. It has nothing to do with Mintlayer. The Mintlayer SIP still needs to be approved by Bitocracy.



Extremely happy to get some free MLT tokens at joining.
I'd like to know whether the KYC checking process has begun or is it scheduled for some time later? I've already applied for the same because of the benefits that we are getting to buy MLT tokens cheaper. I'm somewhat confused that even after being whitelisted, why can't I purchase the tokens and it still asks me to register for the whitelist? As well, will MLT wallet be a custodial one?

MLT token won't be custodial, it's trustless and open source. A first webwallet interface will be released soon with testnet. You registered for the white list, then you will have the opportunity to buy tokens when the sale opens (in a few weeks, check your email for further updates or stay update on socials)

[moderator's note: consecutive posts merged]
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Regarding mintlayer net whether it will be compliant with RSK? i meant a blockchain that can be used by changing its RPC to connect into the network. We know that if this will make people easy to use mintlayer main net instead of using different algo that may make people feel a bit complicated to adapt with a new mainnet that has different mechanism.

There's also another question about how much MLT will be allocated for SOV stakers?


I just go a newsletter from sovryn announcing the Mynthlayer sale on the sovryn dex by Monday, the sip was approved eventually,  good news to all who are eagerly waiting to get their hands on Mynthlayer project, it is happening soon so get your rbtc ready for those who are familiar with the sovryn dex.
im just reading a message from sovryn's admin it says that if the vote will be postponed until end of this month. I didn't know which true statement. It makes me a bit confusing about that
legendary
Activity: 3052
Merit: 1273
Extremely happy to get some free MLT tokens at joining.
I'd like to know whether the KYC checking process has begun or is it scheduled for some time later? I've already applied for the same because of the benefits that we are getting to buy MLT tokens cheaper. I'm somewhat confused that even after being whitelisted, why can't I purchase the tokens and it still asks me to register for the whitelist? As well, will MLT wallet be a custodial one?
newbie
Activity: 28
Merit: 18
~
Tnx, I'm trying to dive dipper into Mintlayer tech and have learned that  users have the option to "create a transfer, opting in for peer-to-peer batching". Does it mean that if he/she makes the asset  transfer the pertaining transaction will be batched into a single coinjoin trx created with other Mintlayer users? If  that's the case then  the resulting coinjoin transaction will bring the privacy to the table, if I'm not wrong.

yes exactly, that functionality is not yet implemented in the testnet launched the 10th of november (which has just a few basic functions like receive, transfer, create a new token etc.), and it won't even be ready with the mainnet expected in Q1 2022 (the entire development roadmap actually covers 3 years, including lightning network and confidential transactions), but we already have implemented BLS signature on Substrate specifically to aggregate transactions. Here you can find a few info about that: https://www.mintlayer.org/news/2021-05-17-why-mintlayer-adopts-bls-signature/

The idea is to develop a coinjoin functionality in the Bitcoin/Mintlayer wallet like Wasabi does, with the important difference that transactions coinjoined are much - much! - lower in size! That means that users have convenience in batching/coinjoining their transactions together, 'cause they will save money! : )
This will prodive an incentive for everybody to mix coins and - in the end - it will really foster the privacy of the network
legendary
Activity: 2324
Merit: 1176
We got news  Wink

NINE days til Launch! What will be included in the #Mintlayer testnet? For one, you'll be able to create a Mintlayer wallet of course, one with a BIP39 seed (as in an Hierarchical Deterministic Wallet, HDD), which you can use to manage your addresses, funds & transactions.
https://twitter.com/mintlayer/status/1455218533659561985

The countdown to testnet launch begins: TEN!
The #Mintlayer testnet will be released on the November 10, 2021!

The release of the testnet will be the start of the direct involvement of you, our community members, fans, & everybody in the #Cryptocurrency scene with Mintlayer!
https://twitter.com/mintlayer/status/1454901572211814402
Looking forward to creating a Mintlayer Wallet.  I will create my wallet immediately.  Will there be a mobile app?  I guess there will be good developments as a result of the testnet.  5 days left for testnet.  I'm looking forward to November 10th.
sr. member
Activity: 1176
Merit: 252
I am very excited to participate in your signature campaign.
I see your excitement......but haven't seen your application...yet. Cheesy
Since we are here we still have a few open slots

Yes, i saw that "while slots are still open" but i read the rules and conditions to participate, i think i am not right for that category, there are many senior accounts who are better than me and they are also not selected. so I didn't apply to join
full member
Activity: 1316
Merit: 105
I have joined your "Earn MLT for free" Airdrop program. and found a token offering for Presale at a price of 0.1452$ per token with vesting type 5.
After reading your token distribution, Token Vesting type 5 is token allocation for Company Reserve with a very long locking period. Can it be changed to vesting type 1, 2 or 3?
And what is the price of MLT tokens for each type of sale ( Pre Seed Sale, Seed Sale, Fair Launch and IDO)?
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
I have had some issues trying to set the password when registering in the portal. At last I have found one that appeared in green and I have saved it, but only after a lot of attempts and because I knew it would eventually work; other users may give up faster. Could you please have it checked and, maybe, change the parameters in order to accept a larger range of passwords?
legendary
Activity: 1722
Merit: 2213
We got news  Wink

NINE days til Launch! What will be included in the #Mintlayer testnet? For one, you'll be able to create a Mintlayer wallet of course, one with a BIP39 seed (as in an Hierarchical Deterministic Wallet, HDD), which you can use to manage your addresses, funds & transactions.
https://twitter.com/mintlayer/status/1455218533659561985

The countdown to testnet launch begins: TEN!
The #Mintlayer testnet will be released on the November 10, 2021!

The release of the testnet will be the start of the direct involvement of you, our community members, fans, & everybody in the #Cryptocurrency scene with Mintlayer!
https://twitter.com/mintlayer/status/1454901572211814402

I just saw the news on yahoo finance, nice to see  Smiley

Quote
The sidechain announces its testnet on the 10th of November 2021. It enables tokenization, staking, lending, and DEXs for native BTC.

https://finance.yahoo.com/finance/news/bitcoin-ecosystem-upgrades-financial-applications-144333821.html

Looking forward to the launch, sounds like an ambitious project.

legendary
Activity: 1274
Merit: 1050
We got news  Wink

NINE days til Launch! What will be included in the #Mintlayer testnet? For one, you'll be able to create a Mintlayer wallet of course, one with a BIP39 seed (as in an Hierarchical Deterministic Wallet, HDD), which you can use to manage your addresses, funds & transactions.
https://twitter.com/mintlayer/status/1455218533659561985

The countdown to testnet launch begins: TEN!
The #Mintlayer testnet will be released on the November 10, 2021!

The release of the testnet will be the start of the direct involvement of you, our community members, fans, & everybody in the #Cryptocurrency scene with Mintlayer!
https://twitter.com/mintlayer/status/1454901572211814402
hero member
Activity: 969
Merit: 683
___________/\_______
~
Tnx, I'm trying to dive dipper into Mintlayer tech and have learned that  users have the option to "create a transfer, opting in for peer-to-peer batching". Does it mean that if he/she makes the asset  transfer the pertaining transaction will be batched into a single coinjoin trx created with other Mintlayer users? If  that's the case then  the resulting coinjoin transaction will bring the privacy to the table, if I'm not wrong.
sr. member
Activity: 2106
Merit: 282
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
Mintlayer is a bit unique, with a platform that everyone is likely to use in the future. Asset tokenization is very much used today, and into the future. Mintlayer is here to be the solution to that.
sr. member
Activity: 1638
Merit: 260
Trphy.io
I've been also browsing Mintlayer.org during the past few days and i can say that i had a good experience. I have two questions :

- I can see that the project is still looking to hire devs and designers. Does this mean that the team is not yet completed and that the project has to find those profiles in order to achieve goals for the next roadmap stages (including the mainnet launch which is expected to happen in Q1 2022)? And why not hiring those profiles from bitcointalk? Note that there is no mention about those open positions in this ANN thread .

I'm mentioning about this is open position in above, to inform people who came to this thread
https://bitcointalksearch.org/topic/m.58206120
I think these questions have already been answered by the mintlayer team. This is what he said in response to the question, which by now they should be complete enough to put mintlayer in success.

We still have space for more developers to join the team, we have the core team that we need to build Mintlayer but have room for some talented engineers to come and help. We're not actively looking but we are open to hiring if the right person comes along
hero member
Activity: 2338
Merit: 757
I've been also browsing Mintlayer.org during the past few days and i can say that i had a good experience. I have two questions :

- I can see that the project is still looking to hire devs and designers. Does this mean that the team is not yet completed and that the project has to find those profiles in order to achieve goals for the next roadmap stages (including the mainnet launch which is expected to happen in Q1 2022)? And why not hiring those profiles from bitcointalk? Note that there is no mention about those open positions in this ANN thread .

- About Marketing, are there plans to extend the promotion outside bitcointalk? Like creating descriptive contents or hiring ambassadors from differnt locals .
legendary
Activity: 1274
Merit: 1050
I can confirm the Marketing team is evaluating whether to do that or not.
Expect further updates on that.  Wink
legendary
Activity: 1624
Merit: 4417
I've been browsing Mintlayer.org a lot in the last few days and I have to say that the user experience is simply very good. The website is fast and runs extremely smooth. A very big thumbs up. I have experienced this quite differently with many other projects.

The Google speed test confirms my experience:



Source: https://developers.google.com/speed/pagespeed/



Are there already plans to translate the website into different languages? This could help to reach a larger audience.

Note: In this context, the Bitcointalk forum could certainly be helpful. There are many capable translators here who can translate the website into various languages.
newbie
Activity: 28
Merit: 18
I have read on  official site that  Mintlayer utilizes a "future-proof" blockchain. What does the future-proof"  mean exactly relative to Mintlayer blockchain? Does it mean that the layer 2 functionality secured by this blockchain will remain sustainable no matter how Bitcoin develops? Or there is some other meaning hidden  from me? Please, ELI5.

future-proof means that it's a scalable environment that won't get clogged once it reaches congestion as basically all the blockchains that are now competing directly with Bitcoin. Mintlayer uses the same approach as Bitcoin to scalability: layer 2 (lightning network) and maximum efficiency possible on the base layer (signature aggregation, batching & coinjoin (combined with sig. aggregation), turing-complete scripting system, limited blocksize, etc.). The DEX transactions can be performed offchain, while there are no onchain trading books like it happens in AMM trading (e.g. Uniswap).

Mintlayer is bound to Bitcoin and programming language remains Bitcoin script even if Bitcoin upgrades to new functionalities. In fact, Mintlayer uses Bitcoin script but it introduces a few OP_CODES that are new. To remain compatible with Bitcoin there is a way to identify the type of script being supplied. If it's version 0 then we assume all op codes follow the bitcoin script, otherwise it's something developed specifically for Mintlayer. In this way we avoid that Bitcoin introduces a new OP_CODES with the same name but different functionality (let's say if Mintlayer implements an op code with the code 0xCD with a particular functionality, a year later bitcoin script implements a new feature and recall it with the same name 0xCD)
hero member
Activity: 969
Merit: 683
___________/\_______
I have read on  official site that  Mintlayer utilizes a "future-proof" blockchain. What does the future-proof"  mean exactly relative to Mintlayer blockchain? Does it mean that the layer 2 functionality secured by this blockchain will remain sustainable no matter how Bitcoin develops? Or there is some other meaning hidden  from me? Please, ELI5.
sr. member
Activity: 1638
Merit: 260
Trphy.io
although am very familiar with the sovryn dex but I wasn't very lucky with their recently ended sale, so I am looking forward to invest a little mintlayer so hopefully this time I will be lucky.
The step is not easy as one might think, it needs approval. Until now, what they call "Improvement proposal" is still pending, they say it requires approval from the Sovryn community to make it happen. Which I think their community won't object to it, since it would be useful to expand it further. About public sale, it will occur Q1 2022. https://t.me/mintlayer/6595
legendary
Activity: 1274
Merit: 1050
I am very excited to participate in your signature campaign.
I see your excitement......but haven't seen your application...yet. Cheesy
Since we are here we still have a few open slots

Hi and welcome onboard for the new ones!
We have 5 Sr, 2 Hero and 6 Legendary open slots left.

Campaign Spreadsheet

jr. member
Activity: 58
Merit: 5
If the Public sale will take place in Q1 2022, Will there be a private sale or whitelist before that?
Mintlayer is quite potential, There are many supporters and private investors. I don't want to miss it.

There has already been a private sale. There will be some fair sale events on decentralized exchanges, possibly including SOVRYN, prior to the release of the mainnet and offering of MLT on centralized exchanges, which will occur in Q1 2022. The team hopes to offer a fair sale event or two in November, but this depends on decentralized platform communities, so it is not possible to say with certainty.
full member
Activity: 1316
Merit: 105
If the Public sale will take place in Q1 2022, Will there be a private sale or whitelist before that?
Mintlayer is quite potential, There are many supporters and private investors. I don't want to miss it.
newbie
Activity: 28
Merit: 18
I am very excited to participate in your signature campaign.
How is your token Sale preparation progressing, is it really going to take place on Sovryn? Why did you lock your old thread and create a new one?

we submitted the SIP officially here: https://github.com/erubboli/SIPS/blob/main/SIP-0033.md
After internal review from Sovryn team (I think it will take a couple of weeks) if approved it can be set as "ready to vote".
Joerii decided to lock the old thread because he wanted to publish it as a new thread together with the announcement of the signature campaign. After all, that old thread never got a particular momentum.

by the way the emptyness of the spot will it interfere with the continuation of this project
Is the team recruitment shown on the website still active? is it still have more time to apply in here https://www.mintlayer.org/open-positions/ ?

We still have space for more developers to join the team, we have the core team that we need to build Mintlayer but have room for some talented engineers to come and help. We're not actively looking but we are open to hiring if the right person comes along
newbie
Activity: 28
Merit: 18
Is the team recruitment shown on the website still active? is it still have more time to apply in here https://www.mintlayer.org/open-positions/ ?

if you are a really good Senior Rust Software Engineer or a Developer Relations Engineer please apply. Regarding the other two positions, we left them open but we have no urgency since a few other collaborators are taking care of that, for the moment.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
I am very excited to participate in your signature campaign.
How is your token Sale preparation progressing, is it really going to take place on Sovryn? Why did you lock your old thread and create a new one?

I was also drawn to this project because of the simple fact of having an ido in sovryn platform according to their official Telegram group, although am very familiar with the sovryn dex but I wasn't very lucky with their recently ended sale, so I am looking forward to invest a little mintlayer so hopefully this time I will be lucky.
sr. member
Activity: 1316
Merit: 257
Is the team recruitment shown on the website still active? is it still have more time to apply in here https://www.mintlayer.org/open-positions/ ?
I think this is a golden opportunity, because I see the campaign even presents a fairly expensive payment, if someone join the team, he/she will definitely get a good pay.
right I saw some empty spot.  for a project that promises this is a golden opportunity.  I'm sure many hope to fill those spot.  and hope this project continues to progress according to schedule and grow big like others.
by the way the emptyness of the spot will it interfere with the continuation of this project
sr. member
Activity: 1176
Merit: 252
I am very excited to participate in your signature campaign.
How is your token Sale preparation progressing, is it really going to take place on Sovryn? Why did you lock your old thread and create a new one?
sr. member
Activity: 1638
Merit: 260
Trphy.io
Is the team recruitment shown on the website still active? is it still have more time to apply in here https://www.mintlayer.org/open-positions/ ?
I think this is a golden opportunity, because I see the campaign even presents a fairly expensive payment, if someone join the team, he/she will definitely get a good pay.
hero member
Activity: 2366
Merit: 838
The list of ventures for this project is long and gives me a thought that it is a good project.

I can guess that the idea to link with BTC blockchain because Bitcoin is a biggest blockchain and with its hashrate, it is a safest network at this moment.

I see you said the main net will be launched in Q1 2022 that sounds good. Building your project on a blockchain of another project is not good, even that chain is of Bitcoin.

Have your own blockchain will have advantage and disadvantage but it is good for long term growth of the project. You don't have to depend on BTC network.
legendary
Activity: 1274
Merit: 1050


  • What's about:

Mintlayer is a Bitcoin sidechain dedicated to asset tokenization and decentralized exchanges

- Website: https://mintlayer.org
- Technical docs: https://docs.mintlayer.org/
- Video presentation: https://www.youtube.com/channel/UCVVpaPry8xZS47pPBmS4rnA


  • Socials & Links:

- Telegram chat: https://t.me/mintlayer
- Twitter: https://twitter.com/mintlayer
- Github: https://github.com/mintlayer
- Reddit: https://www.reddit.com/r/mintlayer/
- Youtube: https://www.youtube.com/channel/UCVVpaPry8xZS47pPBmS4rnA
- Linkedin: https://www.linkedin.com/company/53488934/
- Instagram: https://www.instagram.com/mintlayer/
- Facebook: https://www.facebook.com/MintlayerMLT/



  • Project explained:

- The Mission:
To introduce a new Bitcoin-integrated ecosystem for asset tokenization, alternative to previous common standards for tokenization (ERC-20) and DEXs (e.g. Uniswap)

- Why DeFi on blockchain:
Blockchain technology offered a disruptive innovation in the monetary field: Bitcoin, hard money in a digital form. Other uses include notarization, timestamping and - like it or not - speculation and gambling. However, the impact of the blockchain in the field of finance does not have to end there. Blockchains can also be used to issue tokens representing financial instruments like securities (e.g. stock tokens).
Securities will never be as decentralized as the monetary token (BTC), because issuance is centralized, but tokenization makes them “bearer” titles, which means ownership and possession are in the same hands. Bearer titles in the digital world can be exchanged in a peer-to-peer way across geographical borders and offer the advantage of giving the owner full control of the asset, removing the need of intermediaries. Which means no mediation costs, privacy threats and censorship (e.g. the CEXs stopping Gamestop trades).
Also, if assets are in the form of bearer title held in personal wallets, then disputed financial practices like fractional reserve, excessive securitisation of receivables and uncontrolled creation of financial instruments (unbacked by real value) are no longer possible unless the owner of the backing asset gives his legitimate consent.

- Why another Bitcoin sidechain:
Currently, there are already a few tokenization systems created on top of Bitcoin like Omni(Bolt) and RGB. They have the same disadvantage: their transactions compete for the same space as the Bitcoin transactions, polluting the Bitcoin blockchain and leading to higher fees. The first version of Tether was issued on Omni, which moved to Ethereum to avoid the high fees on the Bitcoin blockchain (and then moved again to Tron because of even higher ETH fees).
For this reason, the concept of “sidechains”, with onchain space dedicated to asset tokenization and pegged-tokens, has been put to the test. Rootstock (RSK) is an example, but its architecture is very close to Ethereum and merged mining creates security concerns: Bitcoin miners have governance power over Rootstock without any stake (cost and effort required) in the chain. Liquid sidechain is an alternative, but its governance is centralized in the hands of the companies that have contracts with Blockstream.
In contrast, Mintlayer’s governance is community-driven. The protocol introduces a refined version of POS with Bitcoin anchoring called DSA Consensus. For both Rootstock and Liquid, bitcoins on the sidechain are used in a peg-in system managed by a federation of few entities, while Mintlayer is focused on the direct atomic swap between the tokens built on Mintlayer and the bitcoins on the mainchain. In fact, a Mintlayer DEX transaction allows p2p exchanges of tokens issued on Mintlayer with each other (intra-chain atomic swap) and also with Bitcoin (inter-chain atomic swap).

- Mintlayer features:
  • Bitcoin interoperability: an entire ecosystem of tokens issued on the new layer can be p2p traded for bitcoins through atomic swap or Lightning Network swaps. The atomic swap is secure even in case of chain reorganization, since Mintlayer blocks are anchored to the Bitcoin blockchain (a Bitcoin reorg affects both the chains).
  • Scalable DEX: there are no on-chain order books in the form of smart contracts, since trade intentions are communicated through a distributed hash table that is separated from the blockchain. This helps keep lower throughput and fees when compared to Ethereum DEXs like Uniswap. Also, arbitrage transactions can be made through Lightning Network channels between CEX and DEXs’ liquidity providers. As a result, the blockchain space won’t be over-exploited. It is worth noting that Ethereum gets clogged mainly because of DEX contracts, arbitrage transactions and Ponzi schemes (see Glassnode analysis) which can’t be done on Turing incomplete Mintlayer architecture.
  • Access Control List: ACL rules are optionally enforceable on securities issued on Mintlayer (such as stock tokens) allowing compliance with company policies or other regulators. This feature is something missing on Bitcoin, but possible with Ethereum. Unlike Ethereum, Mintlayer doesn’t require Turing completeness, but just a few OP_CODES for a higher versatility of Bitcoin scripting language, while retaining its reliability and efficiency. By not including Turing complete functionality, Mintlayer reduces risk of unpredicted outcomes that can occur with increased smart contract complexity.
  • Optional confidentiality: due to the trade-off between privacy and scalability, Mintlayer introduces distinct tokenization standards to address all needs. MLS-01 transactions require lower space and enable procedures like batching with BLS signature aggregation, to shrink even more the space consumed. MLS-02 on the other hand has confidential transactions, which are greater in size but help granting more privacy.
  • Integrated Wallet: a Mintlayer wallet is a Bitcoin wallet too (real BTC, not the pegged version!) and Mintlayer full nodes can be considered as an “add-on” to Bitcoin full nodes.


  • Mintlayer (MLT) token and Consensus system:

- Why a token for a Bitcoin sidechain:
It’s technically unfeasible to build a secure and decentralized architecture based on a pegged version of Bitcoin, given the downsides of any peg-in/out system envisioned so far. Hence, it is necessary to introduce a POS-like system with a governance token. The Mintlayer DSA Consensus avoids the nothing-at-stake long range attacks without the need of hard-coded checkpoints, thanks to the dynamic checkpoint system built-in the protocol, which anchors Mintlayer to the Bitcoin mainchain.

- Consensus Built on Bitcoin:
Mintlayer uses Bitcoin PoW for different scopes, it’s not only a way to commit its state in Bitcoin: first, every Mintlayer block is linked to a BTC block and a reorganization on the Bitcoin mainchain reverberates also on the sidechain (it means more security for atomic swaps). Second, Bitcoin POW is used as a “clock” for time calculation: it defines Mintlayer rounds (with a committee of blocksigners) and enforces a minimum time delay between Mintlayer blocks, preventing any attacker from trying to generate blocks at higher frequency (to fake a “longest” chain). Third, the Bitcoin block hash is used as a source of entropy for the random determination of the blocksigners in the next round, so that it’s not necessary to rely on other randomization sources such as new algorithms which may reveal vulnerabilities in the future or ASIC hardware distributed by a single entity, such as in the case of Ethereum 2.0 Proof of Stake system

- Public Sale:
Before mainnet, the governance token (MLT) will be issued both on Rootstock and Ethereum (ERC-20). Then, tokens will be ported 1:1 to Mintlayer mainnet when it is released.
The Public Sale is expected in Q1 2022. More details will soon follow about the Public Sale date, the launching platforms and listing on exchanges.

  • Bitcointalk signature campaign:

The campaign, paid in Bitcoin + MLT governance tokens, will start on Sunday 24th October. Please refer to the link below!
https://bitcointalksearch.org/topic/hold-mintlayer-sig-campaign-srheroleg-up-to-130wk-in-btcmlt-tokens-5366033


  • Supporters:

The mainnet launch is expected in Q1 2022, but the full development roadmap spans over two years. Such an effort is only possible thanks to the support of numerous VCs - the list below - partnering with RBBLab, a company located in San Marino (a microstate within italian borders) that is coordinating a team of developers working full-time on Mintlayer.

Alphabit, Moonwhale, AU21, 4SV, X21, Iconomy Partners, Lotus Capital, Moonrock Capital, Jun Capital, EXnetwork, CryptoDormFund, Matrix Ventures, Black Dragon, Sky Ventures, Blockpact, Moonfounder, Minted Lab, Uniswapearlycalls/Trustdao, Seedventure, Spykefast, cspdao.network, DHC Capital, buildhodl, Kyros Ventures, Titans Ventures, BBSFinance, Lunar Station, Chain Ridge Kapital, Phoenix VC, Caballeros Capital, Block26, Crypto Banter, Varys Capital, LVT Capital, Kairon Labs, 01 Capital and a couple dozen of other individuals, including some key opinion leaders.


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