Minter Network price

BIP

#1599

The total supply of BIP---Minter Network's native digital coin---is 10 billion units. They become available as block rewards over the course of approximately 7 years since mainnet launch, which happened on May 15th, 2019.

The Genesis block included the pre-mine of 200 000 000 BIPs for the first validators, coiners, and users, of which 50% was airdropped and 50% was distributed to early partners.

The Minter blockchain runs on the Tendermint engine with the DPoS (Delegated Proof-of-Stake) consensus algorithm. Block reward started at 333 BIP and will be linearly decreasing down to 115 BIP.

BIP coin allows to validate the network through stake delegation (staking rewards for new blocks and fees, voting power), pay all network fees (+30 types of transactions), provide custom coins with reserve.

20% of both block rewards and transaction fees is withheld as taxes and equally distributed between the Team and the Developers' DAO.

Minter Network implements the Delegated Proof-of-Stake (dPoS) consensus algorithm.

dPoS is a fast, efficient, decentralized, and flexible consensus model. dPoS leverages the power of stakeholder approval voting to resolve consensus issues in a fair and democratic way.

As of now, Minter blockchain has 46 independent masternodes validating 1 block every 5 seconds.

Minter Network is a blockchain-based platform designed to support the decentralized finance (DeFi) ecosystem. It enables users to create, manage, and exchange their own cryptocurrencies and digital assets within a unified network. Launched in May 2019, Minter aims to streamline the DeFi experience by providing a suite of tools for decentralized finance applications, including a decentralized exchange (DEX), smart contracts, and cross-chain liquidity solutions.

One of the key features of Minter Network is its integration with major blockchain networks like Ethereum and BNB Smart Chain. This allows for seamless cross-chain transfers and swaps, enhancing liquidity and interoperability between different ecosystems. Minter's architecture is built to support fast and efficient transactions, with block finality achieved in just 5 seconds and transaction fees denominated in U.S. dollars, providing stability and predictability for users.

Minter Network's native token, BIP, plays a central role within the ecosystem. It is used for a variety of purposes, including network fees, staking for network validation, and as a reserve currency for custom tokens created on the platform. The total supply of BIP is capped at 10 billion units, with a distribution mechanism that releases these tokens as block rewards over approximately 7 years from the network's launch. The initial supply included a pre-mine of 200 million BIPs, allocated to early validators, coiners, and partners.

Security on the Minter Network is maintained through a Delegated Proof-of-Stake (dPoS) consensus algorithm. This model is chosen for its efficiency, speed, and democratic approach to consensus, allowing token holders to vote on validators who will secure the network. Currently, the network is supported by 46 independent masternodes, each validating blocks every 5 seconds.

For those interested in trading or acquiring BIP, the token is available on various exchanges. It can also be directly traded within the Minter Network against a wide range of digital assets, including stablecoins, in a decentralized manner. This accessibility makes it easy for users to engage with the Minter ecosystem and participate in its DeFi offerings.

As with any investment in the cryptocurrency space, it's important to conduct thorough research and understand the risks involved. The dynamic nature of DeFi and blockchain technology means that while there are opportunities, there are also challenges to navigate.

The Minter Network employs a robust security framework to ensure the integrity and safety of its platform. At the core of its security measures is the Delegated Proof-of-Stake (dPoS) consensus algorithm, powered by the Tendermint Consensus Engine. This advanced technology not only enhances the network's efficiency but also its security, making it resilient against various types of attacks.

dPoS is a consensus mechanism that relies on stakeholder voting to achieve consensus in a democratic and decentralized manner. It allows for faster transaction times and increased scalability, which are crucial for the performance of the Minter Network. The network is further secured by a decentralized network of 46 independent masternodes, which are responsible for validating transactions and creating new blocks every 5 seconds. This decentralized approach ensures that no single entity has control over the network, thereby reducing the risk of central points of failure.

Additionally, the Minter Network integrates smart contracts and cross-chain swaps, which facilitate seamless interactions between different blockchain networks. This interoperability is achieved through its integration with major blockchain platforms, allowing for efficient cross-chain transfers and swaps. The use of smart contracts further enhances the network's security by enabling automated, trustless transactions that are executed according to predefined rules.

The Minter Network also supports the creation of custom tokens and liquidity pools, with its native digital coin, BIP, serving as the primary medium for paying network fees and participating in stake delegation. This ecosystem fosters a decentralized finance (DeFi) environment where users can engage in trading, liquidity provision, and yield farming, among other activities, in a secure and decentralized manner.

In summary, the Minter Network's security is underpinned by the dPoS consensus mechanism, a decentralized network of masternodes, and the integration of smart contracts and cross-chain swaps. These features work in tandem to provide a secure, efficient, and flexible platform for users to engage with the DeFi space.

Minter Network serves as a comprehensive DeFi platform designed to facilitate a wide range of cryptocurrency transactions and operations in a decentralized environment. It stands out for its ability to support the creation, earning, storage, and exchange of cryptocurrencies without the need for centralized intermediaries. This capability is particularly significant for users looking to engage with the digital economy while maintaining full control over their assets.

One of the core functionalities of Minter Network is its decentralized exchange (DEX), which enables users to trade various cryptocurrencies, tokens, and digital assets seamlessly within the network. This feature is complemented by the network's ability to execute cross-chain transfers and swaps, thanks to its integration with major blockchain ecosystems. This interoperability enhances liquidity and facilitates a smoother user experience for those looking to interact with assets across different blockchains.

Minter Network also provides a fertile ground for DeFi application development. By offering a rich set of SDK and API tools, it allows developers to build efficient and innovative DeFi apps that can leverage the network's fast transaction speeds and low fees. The platform's commitment to decentralization extends to its governance model, which employs a Delegated Proof-of-Stake (dPoS) consensus algorithm. This model not only ensures network security but also allows for a democratic and efficient decision-making process.

Looking ahead, Minter Network plans to expand its offerings by incorporating smart contracts, non-fungible tokens (NFTs), and crypto loans. These additions will further diversify the ways in which users can engage with the platform, from creating and trading unique digital assets to accessing decentralized financial services.

It's important for potential users and developers to conduct thorough research before engaging with the platform or investing in its native digital coin, BIP. Understanding the network's features, security measures, and the broader cryptocurrency market dynamics is crucial for making informed decisions in this rapidly evolving space.

Minter Network has been actively developing and expanding its ecosystem to enhance its offerings in the decentralized finance (DeFi) space. A significant milestone for Minter Network was the release of their 2.6 update, which introduced a new feature aimed at bolstering decentralized finance protocols. This update is part of Minter's continuous effort to provide a robust platform for DeFi applications, including decentralized exchanges (DEX), smart contracts, and cross-chain liquidity solutions.

The network's unique proposition lies in its integration with major blockchains, allowing for seamless cross-chain transfers and swaps. This capability not only facilitates the trading of a wide range of cryptocurrencies and digital assets within a single network but also ensures transactions are finalized swiftly, with blocks being finalized in just 5 seconds. Moreover, Minter has implemented a fee structure fixed in U.S. dollars, payable in any liquid coin or token, which simplifies transactions for users.

Minter's architecture is designed to support the creation of custom tokens and liquidity pools, enabling users to participate in yield farming and earn rewards through pool fees. The network's native digital coin, BIP, plays a central role in this ecosystem, serving as the medium for network fees, stake delegation, and providing liquidity for custom coins.

Security within the Minter Network is maintained through the Delegated Proof-of-Stake (dPoS) consensus algorithm, which ensures a decentralized, efficient, and democratic process for consensus. With 46 independent masternodes validating transactions, the network achieves a balance between speed and security.

Looking ahead, Minter Network has outlined an ambitious roadmap for 2023, including the launch of various platforms and partnerships aimed at expanding its ecosystem. These initiatives include the introduction of NFT platforms, community development programs, wallet releases, and collaborations with gaming and virtual reality companies. Each of these steps is geared towards enhancing the utility and accessibility of the Minter Network for both developers and users alike.

As the network continues to evolve, it remains essential for potential investors and users to conduct thorough research and consider the dynamic nature of the cryptocurrency and blockchain landscape before making any investment decisions.