Minter’s Month in Review — May 2021

May of 2021 was really productive in terms of both development and user activity! Minter added support for the first ‘mirrored’ stablecoins—USDT and USDC—and the long-awaited BTC. They’re all available for cross-chain transfers, while Minter Hub oracles have already started receiving their fees. With their number standing at a little more than 200, liquidity pools are gaining steam; daily trading volume reached $1.5 million at one point; and total liquidity is estimated at $2.6 million.

Product

Community

  • Monster Node’s new service for monitoring pools and operating with them: swap.mnst.club
  • Chainik’s new, LP-related functionality: chainik.io/pools
  • HUBABUBA, an experimental meme token designed to gamify the process of learning Minter. Reward distribution ongoing
  • Example of a fast withdrawal of tokens from Minter (1, 2, 3)
  • MUSD listed on P2P crypto exchange platform @bip_banker_bot
  • Minter Hub oracles getting rewards for validating cross-chain transactions with three tokens: USDT, USDC, BTC; some have already begun sharing those rewards with their stakers

Ideology

  • 3 955 HUB (≈$630 000) collected for further issuance on Binance Smart Chain (closed)
  • HUB token live on four blockchains: Minter, Ethereum, Binance Smart Chain, and Minter Hub. Article: How to make money on DeFi with HUB
  • BIPx go-live dates announced: Jul. 1 on Ethereum, Sep. 1 on BSC
  • Minter turned two: an article about why Minter is poised for success in the global digital assets market
  • Ethereum network’s top seven stablecoins mirrored. Each token put on the Ethereum blockchain will have the same volume on Minter and vice versa
  • MUSD launched — the first official stablecoin of the Minter blockchain, which is backed by the liquidity of leading digital assets (USDT, USDC, BUSD, DAI, UST, BTC, ETH)

Marketing

  • The ≈300M BIP burn event in the crypto calendar got 5 804 votes and topped the platform’s rankings
  • The HUB token added to the largest portfolio app Delta through community vote
  • 385 million BIP successfully burned
  • New event on CoinMarketCal: launch of BIPx on the Ethereum network (July 1, 2021)
  • A look back at the evolution of cryptocurrency trading and why Minter is the next level
  • Thanks to the opening of cross-chain transfers and launching of the USDT and USDC stablecoins, any business, project, blogger, or community can now use Minter to create their own token and list it in a pair against the U.S. dollar in minutes. Learn more
  • Media ad campaign across Facebook, Instagram, Messenger, YouTube, Google Display Network, Yandex Direct, VK
  • Giveaways on Pinpon for followers of popular YouTube bloggers
  • Applied to CoinMarketCap for Minter to be listed as a DEX
  • Applied for Minter to be listed on DeFi Pulse

Liquidity

  • HUB-BIP farming program (0.1% daily)
  • HUB-USDT pool migrated to Uniswap v3. Find out more
  • On May 3, HUB was minted on the Binance Smart Chain network and distributed among all participants who made a swap. The BNB-HUB pool was created on PancakeSwap shortly after. Guide
  • After many requests, unique farming of HUB tokens in the HUB-USDTE pool is on its way (0.2% per day)
  • How to buy BIP for USDT in a decentralized way
  • Description of how liquidity pools on Minter 2 work

Tech

Blockchain

  • After long tests, Minter Hub has been opened for everyone
  • Cold and hot wallets mechanism implemented in Minter Hub
  • USDT and USDC arrived
  • So did BTC (based on Ethereum’s wBTC)
  • Tokens created for further mirroring through the Minter Hub bridge: ETH, BNB
  • Internal, closed testing of blockchain-level limit orders under way (AMMOB)
  • Documentation and how-tos updated minter.network

Android & iOS

  • Routing introduced in BIP Wallet for Android
  • Bug fixes and minor improvements for BIP Wallet for Android

Console, Explorer, & Other

  • Significant improvements and fixes for Minter Explorer (pools’ 24-hour fees, APY, etc.) and Minter Console (the Deposit & Withdraw section, icons for verified tokens, infinite unlock, etc.)
  • Development of desktop client for Minter application in progress (Ledger Nano S)

API, Gate, & SDK

  • API for listing Minter as a DEX on third-party services

All projects are welcome to publish their progress reports under the Minter0521 tag.

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