HUB, token of the Minter Hub blockchain

HUB Token

  • Fund: 950,000 tokens
  • Minter community: 50,000 tokens
  • Team
  • Investors (with smart contract-based vesting of 3–5 years)
  • Oracles
  • Members of the community
  • Partners (marketing, legal, exchange)
  • Market makers

Role of Community

  1. Minter network validators
  2. Major Minter network delegators: 1,000 participants
  3. Minor Minter network delegators: 1,000 participants picked randomly
  4. All-time contributors
  5. Q3 2020 contributors

Governance

Tokenomics

  1. Staking
  2. Fee discounts
  3. Tips

Staking

  • Price for 1 HUB: $100
  • No. of staking HUBs: 20,000 tokens
  • Daily transfer volume: $1M
  • Transfer fee: 1%
  • No. of oracles: 16
  • Pessimistic: if the volume of transfers between the networks is $100,000 and the price of HUB token is $100, the profitability of oracles will be 15–40%, depending on the number of staked tokens
  • Optimistic: an increase in the volume of transfers to $10 million per day would give oracles an income of $36.5 million per year, for which participants will be ready to provide a collateral of $200–500 million in stake, which, given the limited supply of HUB tokens on the market, might translate into a price of $500–5,000 apiece
  • Transfer of tokens with swapping. For example, a user needs to transfer USDT from Binance Smart Chain to Ethereum with conversion into USDC. The route will look like this: USDT is sent to Minter, where it is exchanged for USDC through liquidity pools and then withdrawn to the Ethereum network. This is the simplest, fastest, and completely decentralized option, which guarantees that transaction of any volume will be executed. The fee for all transactions will be 1% for deposit into Minter, 0.2% for swap, and 1% for withdrawal into Ethereum, plus gas costs. Today, this solution is incomparable in terms of seamless execution, providing the user with complete safety and control over their funds at each of the steps.
  • Sending almost any cryptocurrency to any user of the three blockchains. This is noteworthy because if you have a given token on the Minter address and native ETH and BNB on Ethereum and Binance Smart Chain, respectively, you can easily make a transaction to another network. For example, if the transfer comes from Minter, then tokens are swapped for the ones that the recipient needs instantly before withdrawal and then credited to the specified address through Minter Hub. At the same time, in Minter, this is done by simply entering the recipient’s address, ticker of the token, and amount to be credited, after which all conversions and crediting itself take place. Transaction costs will be 0.2% for conversion and 1% for transfer to another network.
  • On-demand liquidity. This is perhaps the coolest feature possible: active blockchain users often need to get some volume of tokens fast and at a specific price. With Minter, it’s implemented like this: the exchange costs are compared across three networks at once (Minter, Ethereum, Binance Smart Chain) and all liquidity pools. The most cost-efficient one is determined, including the costs of transfers and gas, and the process starts. For example, it turns out that the most optimal way to buy BNB for USDC is through ​​PancakeSwap on the Binance Smart Chain: USDC is withdrawn to the Binance network for 1%, the swap is made in the pool, and BNB is returned back to Minter. At the same time, the Binance network fees can be paid directly from Minter.

Discounts

Tips

Pricing

Investors

Technologies

Supporting development and adoption of Minter, a digital assets marketplace powered by a fast blockchain. Other social media: minter.org/#follow

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Supporting development and adoption of Minter, a digital assets marketplace powered by a fast blockchain. Other social media: minter.org/#follow

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