🚀 The Minter Hub Network Is Live!

Minter 2 + Minter Hub will allow anyone to trade in cryptocurrencies, tokens, and digital assets. Without storing your funds, via completely decentralized orders and transactions processed by an automated market maker in five seconds and for $0.03+0.2%. Transferring USDT, USDC, ETH, BTC, and other coins will take five seconds, too, costing you as little as $0.01! Minter Hub will also make it possible to tie Minter 2’s fees to the U.S. dollar.

At 4:00 p.m. UTC yesterday, the mainnet of Minter Hub was launched. At this moment, the smart contract is being deployed on the Ethereum network (which is still pending because of the abnormal congestion).

Once the smart contract has been successfully deployed, all validators will be able to transfer their HUB to Minter Hub at no cost and start validating. For some time, there will be no penalties.

At this stage, cross-chain coin transfers are not available yet. During the first week, validators will be monitoring the stability of the network and whether the contracts update the list of the validators properly. Once they have verified that everything works as intended, we’ll initiate a vote on introducing an option to transfer HUB from Ethereum to Minter and vice versa.

All stages will be rolled out gradually to ensure the user funds’ safety. In case of an unexpected event, the smart contract can perform emergency stoppage and transfer of coins.

Further activation of Minter Hub:
- Addition of HUB
- Addition of USDC: once HUB has been successfully integrated, USDC will follow
- Fixing of M2 fees in dollars: once USDC is aboard, there’ll be a vote to set USD-expressed fees
- Addition of other ERC-20 tokens to Hub: once fees have been fixed in U.S. dollars, a vote will be announced to add more ERC-20 tokens to Minter (wETH, wBTC, USDT, UNI, and others)
- Connection of Binance Smart Chain

Minter Hub network’s source code and instructions on setting up a node: https://github.com/MinterTeam/minter-hub

🔗 HUB on Binance Smart Chain

Due to Ethereum overload (in some cases, fees for token transfers reach $70), we’ve decided to speed up the Minter Hub’s integration with Binance Smart Chain. The first stage will be the issuance of the HUB token, which will be not an entirely new one but a mirrored version of that on the Ethereum network.

Anyone can participate and get HUB on Binance Smart Chain in exchange for HUB on Ethereum. To make a swap, you need to send your ERC-20 HUBs to the multisig wallet of the validators by Friday, April 30, 2021 @ 11:59 p.m. UTC:

0xeE09Bc3Cc3F8F050EB294CDd414869d03e6c4E10

By May 7, 2021, HUB tokens on Binance Smart Chain will be accrued to the same address you used to send them, so make sure you have access to it. After that, you’ll be able to freely transfer HUBs, add them to liquidity pools, and buy/sell them at fees lower than Ethereum’s.

Owners of the multisig wallet that will transfer collected HUBs to the Minter Hub smart contract on May 1:
1. ProBlockchain
2. BTCSecure
3. MonsterNode
4. Rundax
5. Stakeholder
6. MinterOne
7. Minternator
8. ONLY1

🔗 Minter Hub Is Live

After long tests, we’re opening Minter Hub for everyone. On this page, you can deposit or withdraw your HUB from or to Ethereum network.

https://console.minter.network/hub

The next step is adding USDC and USDT stablecoins to Minter 2, which is expected by the end of May if everything works as planned. You’ll be able to buy and sell these tokens right inside your wallet and also move them between Minter and Ethereum networks. A vote on whether to add these tokens will be initiated once all tests involving HUB are successfully completed.

⚠️ Beware! Cross-chain transfers through Minter Hub are currently in the alpha version. You bear sole responsibility for all operations with your assets, meaning you may lose them entirely. Use this functionality at your own risk. Minter Hub is open-source. If needed, you may investigate its code before making use of the features offered on the page above.

Explainer on selecting fee for withdrawal to Ethereum:
- Normal: your transaction will get into waitlist and will be sent once the number of senders is enough to cover the fee on Ethereum. If that doesn’t happen within an hour, the coins will return to your wallet;
- Fast: your transaction will be sent to Ethereum right away. The confirmation time, however, will depend on current load.

A short guide to purchasing BIP with USDT in an entirely decentralized manner, with no exchanges or intermediaries in the middle.

Learn Now »

🚀 The First 1,000 Cross-Chain Transfers

https://etherscan.io/tokentxns?a=0xc735478ef7562ecc37662fc7c5e521eb835f9dab

Volumes by coin:
- 60 343 HUB ($6 637 730)
- 760 745 USDT ($760 745)
- 66.38 ETH ($167 590)
- 156 059 USDC ($156 059)
- 1.26 BTC ($50 459)

The total worth of assets transferred between the chains stands at $7 772 583, while the worth of coins under management of Minter Hub amounts to $3 917 522.

Since the introduction of tokens whose transfers come at a fee, HUB delegators received $11 348 (in 24 days). You can also take part in the distribution of rewards by delegating your HUB to Minter Hub oracles.

Quantum Pools and Liquidity Superposition

1. Liquidity pools

You have all used currency exchange at least once in a lifetime—for example, when you needed to buy EUR for your trip to Europe. Earlier, this was done with paper money, but with advances in technology, everyone got used to banking apps. Yet few have been wondering where the money we get in return comes from. It’s pretty simple, really—the bank buys it on the market and then resells to you at a slight premium. That’s why there’s a 1–2% difference from the central bank’s rate in either direction. This delta is the bank’s income, and often, that income is significant.

Blockchains have gone even further and allowed everyone to lock liquidity—or tokens representing currencies—into smart contracts. Roughly, it works like this:
– Bob has 10,000 USDT and 10,000 MUSD. He puts it all into a swap pool and becomes a liquidity provider
– He can withdraw all his funds or put in more whenever he wants
– Apart from him, there are other providers in this pool. And their share of income depends on how much they’ve supplied
– From each swap—say, 1,000 MUSD for 1,000 USDT—the pool gets its 0.2%, or $2 in our case. Any volume can be swapped, starting from .01 and going up to millions of dollars at once!
– These rewards are automatically summed up with the provided liquidity, thus generating a compound interest. Because at the time of next swap, Bob—provided his share is 100%—will have 10,001 MUSD and 10,001 USDT. Convenient, right?
– Since blockchains are open, accessible to everyone, and users can make swaps of any amounts, there are thousands of trades daily—even in projects like Minter, those just getting started—and thousands of dollars in fees, distributed once every 5 seconds among all participants.

2. Quantum pools and liquidity superposition

Now imagine you’re running an exchange working with BTC, ETH, and USD. You won’t be maintaining the "pool" with ETH or BTC only. You will be exchanging what you have for what your customers have and extract maximum profit by supplying more liquidity and collecting more fees. The money needs to work where it’s most needed at the moment, while the "one coin, one pool" approach limits liquidity and potential fees. Real-life example: on Minter, 250k USDT is now placed in the pool with HUB. And while it’s sitting in there, it could be also providing liquidity for USDC, and ETH, and BTC.

How does it work?
Assume the user has 1M BIP, 100 HUB, and 10,000 USDT. They’re ready to lock both BIP and HUB into liquidity but don’t have the necessary amount of USDT to cover it all. It’s only logical they start monitoring the deals. As soon as they see there’s going to be a huge deal in the HUB-USDT pool, they add liquidity there. Then back to BIP-USDT. And that’s how they’re making money out of all deals.

Here comes the magic: imagine the same thing happening on-chain. Liquidity is placed across several pools at the same time and is used where needed. Meaning it’s in superposition.

The number of pools is unlimited. Let’s take three—given 1M BIP, 100 HUB, and 10,000 USDT:
1. 1m BIP vs. 10k USDT
2. 100 HUB vs. 10k USDT
3. 1m BIP vs. 100 HUB

Some of you may think that it seems the user has provided twice as much liquidity as the money they’ve had—$60k supplied versus $30k initial. You would be right, but only partially, because the amount of funds is the same, but those funds are put to use more efficiently.

What would quantum pools bring us?
1. More fees for liquidity providers due to superpositions
2. Higher liquidity across all pools, resulting into more trades and more fees as well

Specific implementation and details are yet to be developed, but for now, what disadvantages of the scheme above do you see? Have you seen anything like this in other projects?

🔗 Minter 2.6 Tests

The long-awaited Minter v2.6 with on-chain orders (On-Chain Automated Market Maker with Order Book) is ready for public testing!

Traders can now place orders at fixed rates in the AMM liquidity pools. Compared to the traditional pools, AMMOBs have better liquidity, while LPs get an extra fee on filled orders boosting their overall earnings. Learn more about AMMOB.

Specifics:
• To open a limit order, go to the corresponding section and fill out the form
• To cancel your order, use another form on the same page
• The order may be filled partially
• Orders that have not been filled are automatically removed after ≈30 days since being placed (on the testnet, this period is reduced to 3 days)

Node Binary: https://github.com/klim0v/minter-go-node/releases/tag/v2.6.0-beta8
Explorer: https://explorer.taconet.minter.network/
Console: https://console.taconet.minter.network/
Go SDK: https://github.com/MinterTeam/minter-go-sdk/releases/tag/v2.4.0-beta1
API: https://node-api.taconet.minter.network/v2/
Docs: https://github.com/klim0v/minter-network-web/blob/patch-4/content/docs/index.md
Test coins faucet: @MinterTacoNetTapBot

Launching node on testnet:
node --testnet --genesis "https://node-api.taconet.minter.network/v2/genesis" --persistent-peers "[email protected]:26656"

Alert: do not sign in with your mainnet wallet’s seed phrase as you might lose all of your funds.

We’d like to also remind you that Minter has an ongoing 🪲 Bug Bounty program. Please report any issues you come across in the @MinterDevChat using the #bugbounty hashtag.

☕️ Updated Kotlin SDK for Minter
Major additions in version 2.0-beta:
• Support for gRPC transport (speed advantages are ~ 10 * times)
• Support for asynchronous methods in several modes (Coroutines, Java Thread)

I also published the generated (protoc) Java and Kotlin classes for low-level access via gRPC transport

Donation address: Mx72b9ccf56eb6e1a0d00b50dd92314109649033be

Minter Node Benchmark (open source) console application to test the performance of the api node.
The current version allows:
• Check the download speed of random blocks and transactions *.
• Use different transports (HTTP, gRPC)
• Convenient to configure via yaml config
• Output the final report
• Cross-platform launch (Linux, Windows, macOS)

The application uses Minter SDK 2.0 on Kotlin and perfectly shows its advantages in performance and usability

Donation address: Mx72b9ccf56eb6e1a0d00b50dd92314109649033be

⚠️ We remind all node owners to update the executable files before the block #7683130 (01/12/2021, 15:49:05). After this block, old nodes will halt.

Remote build, sign and send any Minter transaction -> minter-rpc-wallet-js
Application cases:
- Isolation of the wallet secret phrase from the application
- Execution of transactions even if there is no SDK in the application language

BIP MegaPool

The Minter team is currently developing a solution that would allow the owners of BIP to earn and significantly increase the native coin’s liquidity. The holders will have a unique opportunity to put their coins into a pool with USDT and benefit from fees, farming, and BIP’s growth. They will not even need USDT, which will be supplied by external providers.

To create MegaPool, we will set up a multisig deposit address targeting the 500M BIP mark. Once the participant has transferred BIP, they will start receiving 2% monthly (or 24% in APR) on the amount of provided BIP. Upon liquidity removal, BIP holders will get 75% of the dollar returns that will have been generated from the pool’s growth and collected fees. The remaining part will go to the dollar providers.

As soon as 500 million BIP is deposited, we will launch smart contracts on the BSC and Ethereum networks. The contracts will add liquidity into Uniswap and PancakeSwap.

For external buyers, MegaPool will also present an opportunity to purchase a large amount of BIP. The coins will be sold, however, at a 25-percent premium to prices observed on uniswap/pancake. The resulting USDT will be sent to the participants’ wallets right away, and they will then decide whether to buy BIP or keep USDT.

To sum up:
- All BIP owners will get an opportunity to earn on liquidity provision: fees, possible rise in price, farming at a 24-percent APR
- USDT will be supplied into the pool by external providers, meaning BIP holders will need only one coin—BIP
- This solution will help substantially boost BIP’s liquidity and its attractiveness in the crypto market

🔗 Minter 3 Testing

We’re launching public tests. This version is dedicated to the tokenomics update.

Docs
github.com/MinterTeam/minter-network-web/pull/51/files?w=1

Sites
Explorer: explorer.toronet.minter.network
Console: console.toronet.minter.network
Bip Wallet: wallet.toronet.bip.to
Tx debugger: tx-debug.toronet.minter.network

API
Node: https://node-api.toronet.minter.network/v2/
Gate: https://gate-api.toronet.minter.network/api/v2/
Explorer: https://explorer-api.toronet.minter.network/api/v2/
RTM: wss://explorer-rtm.toronet.minter.network/connection/websocket

Code
Node Binary: github.com/MinterTeam/minter-go-node/releases/tag/v3.0.0-toro
Go SDK: github.com/MinterTeam/minter-go-sdk/releases/tag/v2.5.0-torro
JS SDK: github.com/MinterTeam/minter-js-sdk/tree/next
PHP SDK: github.com/MinterTeam/minter-php-sdk/tree/toronet

Request test coins: @MinterToroNetTapBot

Launch node on testnet:
node --testnet --genesis "https://node-api.toronet.minter.network/v2/genesis" --persistent-peers "[email protected]:26656"

Alert: do not use a seed phrase from your Mainnet wallet. Otherwise, you may lose all your funds.

Reminder: Minter has an ongoing 🪲 Bug Bounty program. If you’ve come across an error, you can report it via @MinterDevChat using the #bugbounty hashtag.

Kotlin SDK update for Minter node v3.0.0 and higher
Support for transaction types LOCK_STAKE(37) and LOCK(38), new events: UpdatedBlockRewardEvent, StakeMoveEvent, UnlockEvent and other minor fixes

Telegram notification bot @MinterNotificationBot updated.
Now it supports all events:
• Unbond — Completion of the return of coins from the delegation
• StakeKick — ejection of coins from the delegation
• OrderExpired — Expiration of the order and return coins to the wallet
• Unlock — Unlock coins
• StakeMove — Completion of the process of transferring a stake between validators
• UpdateNetwork — network update
• UpdateCommissions — update commissions

Added more detail on all transactions
Help is available on the button and the /help command

To start using, you only need to send the address and select the direction (incoming, outgoing, any)

Active filters:
• All Reward events are skipped
• Skip StakeKick events up to 10 BIP
• StakeKick events up to 100 BIP are sent silently

Validator: Counter (Mp12345…0f27777)
Public: @webcounters_public

Notifications about the buy/sale of coins/tokens and their movements with a filter by volume are now available in the telegram bot @MinterNotificationBot

When adding a coin, you choose the type of transaction (buy, sell, or any) and optionally filter by volume and information on moving between wallets.

You will receive notifications if:
• Exchange transactions (through pools and directly)
• Triggering of limit orders
• Refund from a limit order by timeout and manually
• Adding or withdrawing liquidity from the pool
• Transfers between wallets, including via Multisend

Also, for each coin, you can assign a silent message delivery mode.

Validator: Counter (Mp12345…0f27777)
Public: @webcounters_public

🔗 Crosschain Smart Wallets

Very soon, a unique and long-awaited feature will go live on Minter—Crosschain Smart Wallet.

Crosschain Smart Wallet will allow for calling any smart contract on interconnected networks right within Minter.

Key points:
1. Call smart contracts and pay Ethereum or BNB Chain fee with any coin inside Minter.
2. Fully decentralized service. Access to funds is granted exclusively via your private key.
3. You can put several transactions into a single call, which is highly cost-efficient. For example, you can Approve and Swap on Pancake in just one transaction. Thanks to merging, you may save up to 50% on fees.
4. Moving coins to Minter through Minter Hub will become easier. Simply send any token to a generated address (even from an exchange). No need to hold ETH/BNB.
5. You will also be able to swap on Pancake, buy NFT, and take part in any DeFi activity happening on the interconnected networks.

Example of a Crosschain Smart Wallet on BNB Chain (testnet): 0xa71b458729f06db38df99977d5ea4a85ec01b8e1
Example of a call initialization: Mt1cc..4f3a1

Crosschain Smart Wallet’s purpose is to facilitate the interaction with Minter EVM (under development).

💼 Hermes — Web 3.0 multi-wallet application for multirouting trading.

• Managing multiple addresses
• Multi routing trading that allows you to buy and sell more profitably
• Secure storage of private keys (AES encryption)
• Support for most operating systems (Windows, Linux, Mac OS, Android, iOS)
• No dependence on infrastructure (explorer, gate, API, etc.)
• Complete anonymity of use
• Modern technologies: Vue 3 + TypeScript

IPFS: ipns://k51qzi5uqu5dkad6pxhksydnq3ssceylf6zkbn6ok76huwas4aks1xmgdbmw0d
Web: hermes.minter-service.online

Multi trading mode is available for Counter 1% validator delegators (from 1 million BIP) and for holders of one or more COUNTER tokens.

Instructions for using the Hermes multi-wallet.

P/s. It should be noted that the part of the application responsible for multi trade does not correspond to web 3.0, as it requires access to a centralized route selection service. Read more on the application page.

Validator: COUNTER 1% (Mp12345…0f27777)
Support: @webcounters_chat, @WebCountersBot (privately)
Public: @webcounters_public

⚙️ Minter TypeScript SDK — The SDK is written in TypeScript with native gRPC transport support (excluding the browser). Suitable for creating WEB 3.0 applications, console and desktop applications.
SDK used in Hermes (Web 3.0 multi-wallet application for multirouting trading)
Github: https://github.com/counters/minter-typescript-sdk

Donation address: Mx72b9ccf56eb6e1a0d00b50dd92314109649033be
Validator: Counter (Mp12345…0f27777)
Public: @webcounters_public