Crypto the way it should BIP
Minter’s native coin is called BIP. It aims to fulfill the real-world market needs, including fast settlements among mobile users, low transaction fees (or even transferring funds free of charge), and, of course, a solid supply of 10 billion BIPs.
Proven by the world’s most influential economists
Minter’s ideology is based on works of famous economists: Nobel prize-winner Friedrich von Hayek stated that money is just a type of information and therefore should be denationalized and minted by any person or company, while John Maynard Keynes offered a new type of global reserve currency called Bancor (the French banque or, “bank gold”), serving as a single global currency for backing national ones and becoming the tool of liquidity in trades and exchanges.
Backed by decentralization, valued by math
Think of us as the World Decentral Bank, as every coin is backed with reserves of BIPs, which can only be mined by PoS validators. Such reserves allocated by the smart contracts and driven with mathematical formulas create a very fair market value of any coin in any given time solving the price discovery problem.
Cosmos is the limit
The blockchain itself is developed with Tendermint consensus engine inside, the technology behind Cosmos Network that makes us automatically compatible with many ongoing and upcoming projects of this promising ecosystem.
Money for everybody, by everyone
Distributed ledger technologies revolutionize the way people interact with one another, while the P2P economy is just at the brink of the new era of individual money, where everyone has something to offer.
Just like YouTube unleashed the creative powers of many among us, Minter is aiming to help the “long tail” of businesses and consumers benefit from the cryptocurrency advantages over fiat money, also known as "national currencies."
L stands for Liquidity
Absolute and instant liquidity is the key competitive advantage of cryptocurrencies run with Minter, as users can buy, sell, and swap coins in seconds without the need for exchanges.
Fast and robust
Designed with mass adoption requirements in mind, the Minter network is able to deliver over 1,000 transactions a second right from the start and plans to reach a 5,000–10,000 TX/sec goal within a year. Built with very simple and robust API, the Minter blockchain can support lots of client-side apps developed with our SDK, e.g., iOS/Android wallets, Chrome extensions, desktop and mobile web applications.
Born by the Community
Minter is a project brought to you by the largest Russian-speaking blockchain community, DeCenter. Over 250,000 members are gathered among our sites, channels, and groups on Telegram, so we recruit people of different passions and experience for all sorts of tasks. We are strong believers in open-source software and crowdsourced projects, so there is no better time than today to build the network of individual money!
Understood by mom and pop, accepted at their stores
Just like the Internet got its start in popularity with the introduction of HTML and browsers, so will the crypto movement with very simple and easy-to-use apps. But to take it further, we must work on implementing solutions outside of the geek world, in everyday life, like paying for coffee in the local cafe or for dog walking.
Fair coin distribution
To ensure fairness for all members of the network, our team designed the following coin distribution scheme: 1% of the total supply will be given to users in the course of an airdrop event; another 1% will be provided to early adopters—coiners, validators, and delegators—through the Early Access Campaign. The rest of the coins (98%) will be minted by PoS validators as block rewards.
The World Class team is backed by venture capital veterans. There are over 20 professional developers with years of experience and dedication in each field—cybersecurity, frontend and backend, mobile platforms, design, and user experience.
Check out White Paper with more technical details about the Minter Network.
Our plan is to roll out a fully operational network within 2018.
Minter will not be conducting any initial coin offering or similar public events due to our focus on a more humble way of growing the project. 1% of the coin supply, however, will be auctioned in a private sale with a starting price of 1 U.S. cent for 1 BIP.
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For more data on the blocks, transactions, and addresses, visit the Explorer page.
If you want to become a validator, follow this link for more information.
API and SDK
Our code is carefully posted and reviewed on GitHub
Check out White Paper with more technical details about the Minter Network.
Perpetual Coin Offering
Read about Perpetual Coin Offering (PCO)—a new type of crowdinvesting proposed by Eugene Gordeev, one of the project's founders.
Use Case Examples
Imagine a new monetization model that would allow video bloggers to accept payments for various interactive activities in their own cryptocurrency. One example of such an activity is voting for the next video. Instead of simply participating in a poll, subscribers will now provide real funding and back their own preferences by their own money. Another interesting case is Patreon, a membership platform. For example, Andreas Antonopoulos long ago offered his followers an option to pay for early access to his videos. Or maybe you would like to buy some blogger’s merch and pay with their coin? Not a problem. There will be no more need to adapt to different payment systems across the world.
Popular News Website
For a long time, websites have been seeking a new way to make money that would balance between the growth of traffic and revenues. It is a known fact that drawing users to paid subscriptions is no easy task. It is not easy to increase paywall conversion, either. Minter will offer websites a completely different monetization model. By watching ads and generating traffic for free pages, users will be able to stack coins and later use them to get access to paid content. It will all happen automatically; users will not have to put any of their efforts in. If there are insufficient funds in a user’s account, you can always suggest them topping up their balance or completing some tasks, such as sharing the article with friends to earn money on their visits. The effect will be even greater if the websites unite into a single big network.
The Freemium model has become commonplace and no longer surprises anyone. Thanks to such a model and modern distribution technologies, hundreds of millions of players enjoy the games to the fullest even despite the “free version” status and start paying if they like them. Along with that come the incentive to become the first owner of the coins of a potential hit—which will later be played by millions—and the opportunity to earn not just some virtual game points but real liquid capital from inviting friends. Publishers of game series will benefit the most as they will be able to direct the audience from one game to another, keeping them balanced and stimulating new activity.
Shops, cafes, and entertainment venues that are located on the same site can help one another increase sales. It is much more interesting to offer not just a discount on goods but specific coins that clients could spend at the next-door cafe. Blockchain’s security and fault tolerance allow all parties to safely deposit and withdraw coins and be confident that no one will receive the extra money. At the same time, the transaction fee will always be close to the lowest in the market—a couple of cents and not percent as it is usually the case with cards and banks.
Perhaps, one of the most exciting cases is related to people’s love and passion for an artist, project, or topic. The coin can become a means of support—i.e., donations—or a way to cast votes, or an option to obtain the club membership. People can use it to buy pieces of art, both digital and physical. Most importantly, this will mark the first time that communication will be built directly, without intermediaries and restrictions. The more popular the topic, the more followers it has. Imagine if Michael Jackson or U2 had had their coins all these years? Or a soccer player, for instance, Lionel Messi? Artists and photographers, scientists and architects, writers and musicians—from now on, they all will be able to not only communicate directly with their fans but also build long-term economic relations, not limited by anyone or anything…
The future of the network depends on developers’ interest in the blockchain technology. That’s why we are planning to use a tax on every block reward and transaction fee to fund the DAO of developers. A 10% tax is enough to keep everyone happy—users with new features, validators with robust and efficient updates, and developers with fair compensation for their work. Just a quick estimation shows that over 10% of the total network supply will be awarded through a DAO.
The research and launch of a DAO is our main goal for the years of 2019 and 2020, so stay tuned for more updates.
Console (the issuance of coins included)
SDK for the integration of transfers
Native BIP wallets
End of Early Access Campaign
May 15, 2019