Minter’s Month in Review — January 2021

January was a short, but very productive month for Minter. The main effort was focused on the development of Minter 2 and Minter Hub: in January, as part of Minter Hub pilots, the first trustless transfers of coins were sent from Minter to Ethereum and the other way around. It was also proposed that all fees in Minter 2 be tied to the U.S. dollar and charged in BIP.

What’s the situation today?

  1. The bigger number of transactions and bigger gains for validators and delegators. Once Minter 2 is out, the fees will be adjusted to the market, meaning that returns from the fees might surpass those from generating new blocks.
  2. BIP holders get an opportunity to benefit from the exchange operations inside Minter carried out via the Uniswap protocol.
  3. HUB holders get 1% on the fees charged for transferring coins from Ethereum to Minter and vice versa.
  4. All Minter-powered coins become exchangeable with USDT, ETH, BTC, and other digital assets. All that in five seconds and at super-low fees.
  5. Validators and delegators will be able to expect projected dollar income regardless of fluctuations in the price of any coin.
  6. Users will be able to pay fees in a predictable dollar equivalent.
  7. The fee system will stabilize the BIP rate. Each fee payment is a BIP purchase. The lower the price, the more BIP goes toward the fee; the higher the price, the less.

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All projects are welcome to publish their progress reports under the Minter0121 tag.

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