Minter is coming with the on-chain automated market maker with order book!

https://youtu.be/CnZ9I4eFeOk

Trading & transfer fees, confirmation times & block finality, and limit orders & opportunities for traders: how do Minter 2 and Uniswap v3 stack up against each other?

Check out our latest article to find out: https://link.medium.com/dEN2QgKQ3eb

✅ HUB Token on Minter

The HUB token has been issued on the Minter network today. It is a mirrored version of the Ethereum’s HUB. Both initial and maximum supply stand at 1 million HUB, with no option to mint additional or burn existing tokens. The whole supply was sent to a multisig wallet managed by Minter Hub oracles right away.

— HUB token creation tx
— Send to Minter Hub oracles tx

When a cross-chain transfer is made, the HUB token will be locked on one network (for example, Ethereum) and unlocked on the other (for example, Minter). That way, Minter Hub will maintain the real circulation of tokens across all networks, managing the lock-ups in a decentralized manner.

Very soon, oracles will start depositing real stakes into Minter Hub. After that, they will initiate a vote on freely moving HUB around the networks. At some point during the first week of May, we’ll mint HUB on Binance Smart Chain to make cross-chain transfers possible between the three networks.

That said, we’re about to unlock unseen opportunities in the space of cross-chain transfers, allowing each and every user to manage their funds in several networks at once—and do it in a fast, affordable, safe, and convenient way.

The first million is the most desired!

$1 million worth of tokens has been placed on the Minter network, including Hub. This is a so-called Total Value Locked indicator, or TVL.

For comparison, the Binance Smart Chain has over $36 billion in TVL. But we haven’t even launched yet . . .

Minter Community Update

What's changed with Minter 2 release? What impact has the roll-out of Minter Hub had on liquidity? When will the promised grand burning happen? And how many BIPs are already lying still, waiting to be turned into BIPx on Ethereum and BSC?

Check out our latest round-up to find out. And don’t forget to clap! 👏

Update: We have given up on the German Data Centers (we tried two different providers), and moved our validator for the 3rd time, this time to the USA. We went live at block 6521760 using 12 sentries (4xDE, 1xNL, 1xUK, 3xUSA, 1xJP, 1xSG, 1xAU). Is it overkill? YES. We are putting 2-3x resources at our Minter setup until this thing runs perfect.... then we will adjust as needed.

We started with the base suggested setup: 1 Validator, 3 Sentries, but immediately fell behind and missed blocks. We then upgraded the server. No help. We then moved to a different provider, with improvement but still just not performing as it should.

Minter has a 5 second network which is one of the fastest decentralized public blockchains on the planet. Just one hickup on the hardware or network and you miss a block. For example Cardano is 20 seconds (first real POS decentralized blockchain), Eth 13 seconds, whereas EOS and TRON are almost private etc. at 5 seconds and 3 seconds. Given network latency I think it will be impossible for Tron to every become fully pubic and decenteralized--there is no way they can propogate the blocks globally that fast (at least not today). So Minter's 5 second blocktime is very challenging. But we love challenges and hate to lose!

We did have better luck with open peering (the "no sentry model") as many on the admin channels suggested, but we want to make it work with sentries. That really is the best long term solution both for the network and security.

So right now the new location seems to be running good. Let's see what the next 12, 24 hours bring. If we have no missed blocks in the next day, well then we finally have the right location and right setup. But given 3 false starts, at this point, I remain cautious to call it "fixed" yet. If we have 24 hours with no missed blocks. Then I will call it "looking good". We go 48 hours no missed blocks, "really good". We go a week no missed blocks = FIXED. LOL.

Thank you all for being so understanding. This certainly has been about 5x more work than imagined.... but still glad to be part of Minter.

🇺🇸 Meet the very first American Minter validator — it will help with our expansion in the U.S.

The owner of Minter.Cash is also a member of BPSAA that recently took part in a meeting with Senator Lummis’s (R-WY) office and Tyler Lindholm, an author of the most progressive crypto legislation in the world. Among the topics discussed was that of staking income taxation, which is one of the top items on the agenda of U.S. regulators.

Just received our largest delegation ever. People want to help support Minter decentralization, this is great.

we delegated more than 1.4 million bip to minter.cash right now.. I hope it can help advance the programs

Here is our Tweet on it, everyone here should RT it!!! https://twitter.com/MinterCash/status/1462476213579091972?s=20

Our first major Press Release is now out, as Minter.Cash is now an official partner of DAO Strike Ventures whom believes that Minter Network is the place to be in 2022!

PRESS RELEASE: https://www.prlog.org/12894897-dao-strike-ventures-makes-first-defi-investment-in-crypto-validator-mintercash-seeking-100x-returns.html

🏦 Russians transact $5B in crypto each year, Bank of Russia says

The Bank of Russia published a fresh review on financial stability on Thursday, pointing out the country’s growing role in the $2.8 trillion market.

Citing estimations reported by major local banks in July 2021, the Bank of Russia suggested that the total annual volumes of crypto transactions of the Russian population amount to $5 billion.

In the report, the Bank of Russia also noted that the Russian Federation is among global leaders in terms of visits to the Binance cryptocurrency exchange. According to data from the digital intelligence provider SimilarWeb, Russia is the second big in terms of total traffic on Binance after Turkey.

✅ Minter Update v2.6.0 Completed

Minter Network has seamlessly updated to version 2.6. We have been preparing this update for months and done a lot of work on the technical side, especially related to on-chain orders (AMMOB) rollout.

The update includes:
— Automated Market Maker with Order Book
— Ability to burn tokens is now available not only to creator but to all holders
— The maximum Voting Power has been limited to 20% per Validator. At over 20%, delegation becomes impossible
— Bug fixes
— Fees for failed transactions. It is set at $0.01, same as the one for sending transfers. This fee also depends on the information in payload and gas price.

• Place order
• Minter Explorer (the order book and limit orders themselves will be visible on the pool pages)

BNB, USDT, and BUSD Live on Minter

Minter Hub oracles have activated cross-chain transfers for the BNB, USDT, and BUSD BEP-20 tokens.

Their tickers on the Minter network are:
— BNB
— USDTBSC
— BUSDBSC

To move tokens from Binance Smart Chain to Minter and the other way around, use Minter Console (DEPOSIT & WITHDRAW). If you are using local Console, you need to update it to the latest version.

🍪 🍪 A yield-farming program for the BNB-BIP pool at 0.1% daily starts today.

P.S. Before making any operation, double-check the token’s ticker. Approved cross-chain tokens have the verified blue badge ✅.

✅ Minter Hub 2 Live

After the scheduled upgrade, Minter Hub has been launched and continues processing cross-chain transfers. What’s new:
— Code base
— Lower fees on withdrawals to Ethereum
— Integration with Binance Smart Chain
— Swap discounts for HUB holders
— Support for native ETH token
— Improved UX for validators
— Cross-chain DeFi
— Modular connection of other blockchains

Learn More »

Currently, only BIP and HUB are available for cross-chain transfers with Binance Smart Chain. Other BSC network tokens will be listed soon. Which ones would you like to see on Minter first?

✅ Cross-Chain Listing of 4 Tokens from Binance Smart Chain

Minter Hub oracles have enabled cross-chain transfers for:
— UNIBSC (bscscan)
— DOGEBSC (bscscan)
— MATICBSC (bscscan)
— CAKEBSC (bscscan)

To move these and other tokens between the Binance Smart Chain and Minter networks, go to Minter Console (DEPOSIT & WITHDRAW).

Welcome farming programs for these assets will follow soon.

P.S. Before making any operation, double-check the token’s ticker. Approved cross-chain tokens have the verified blue badge ✅.

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Update
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This is the biggest news to come out of the USA on crypto tax regulation EVER. This is a game changer. The proposal says there is no tax due on rewards from staking (or mining) until they are sold. WOW, the USA infamous IRS actually doing the right thing? AMAZING. https://blockworks.co/sources-in-win-for-crypto-stakers-irs-says-untraded-tokens-are-tax-free/

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Update: What is going on with the price of BIP?
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Wanted to provide our assessment of the current price action of Minter.Network.

The management team of Minter.Cash is involved with several crypto projects including Cardano. We are also a member of the BPSAA. Point being is we are very active in the United States crypto community -- our words are not just taken out of thin air, but out of our daily interactions.

There are two worlds in crypto: pump and hodl. Pump is about 90% of activity. Hodl is about 10%. Very very few people hodl. And that is where Minter is at. The project is a hodl. It is good technology, a solid team but to be honest the platform of DEX, trading, bridges is no longer sexy. The hot money has moved into NFTs. All of it.

Soon NFTs will be out.

Next is Meta.

We are seeing a mix of NFT and Meta as well. Very interesting. Might be part of the transition....

This is not a Minter specific problem. Cardano is in the same boat. Many other platforms are in the same boat.

We are not passing judgement on Minter, Cardano or others. This is just a very short assessment of what is really going on. Like it or not. Honestly we don't like it. We think NFTs are a joke--$1,000,000 USD for a jpg of a Monkey? Really. It will not last. It is a dangerous game.

Back to Minter. So with all the hot money focused on NFTs and soon Meta, you cannot expect BIP to moon (in our opinion). However the platform is solid, offers great utility with cross bridges etc. What we can hope for is the market realizes that Minter is a better option than Binance or Luna or others. The best way to achieve this is slow and steady progress which the team is delivering on.

The Minter/BIP price point has been very very stable -- this is very important. AND the fact it has a 40% ROI on hodl is AMAZING.

So sit back, watch the NFT/Meta fireworks (remember all fireworks burn out). Minter is your "safe space" -- enjoy that. Not many safe spaces in crypto these days that pay 40%.

@alex_wpi

I guess we have a couple of general observations:

1. Everyone that we know of in blockchain and crypto (including ourselves) is apolitical. Crypto/blockchain technology transcends all boarders, all nations, all people. It is truly the great unifier.

2. Conflict is not good for business.

3. However, like it or not, as much as we do wish to avoid politics it is there, it does affect things like it or not. So we must proceed carefully. And when I say "we" I mean all of us is Minter. Not just Miner.Cash.

4. Therefore I think as a global brand and Russian based project, the best thing to do is "lay low", just stay out of the news, don't bring unwanted attention at this point in time.

5. I don't think people are going to "dump" Minter as I am sure the Team is not pro-invasion etc. Yet, adversaries could try and make an issue out of Minter's Russian core. So again at this point in time best course of action is to not draw attention.

6. We will continue to support Minter, all our nodes are up and running, we do not plan to make any changes. We are in this for the long run. We believe in the Minter Team, and Minter Technology. Unfortunately they are also kind of a victim in all this.

7. The only action we might take is no-action as in no proactive advertisements at this time in the USA markets. Again, just lay low as the global elites fight for power and the people suffer.

We are saddened by the entire situation and pray for those families that have suffered loss of life, no matter whom "they are"....