One of the primary goals of any blockchain is appropriate pricing of a base coin. In Minter’s case, it’s BIP.
Since we are one of the world’s first DPoS networks—which means consensus-based delegated voting—the system is supported by a large number of participants. We already have about 40,000 users at the start, and all of them are granted the right to receive income from the system. Imagine if every user of Visa were the company’s shareholder. The difference is that with Minter, you don’t need to imagine…
Each network always fights for the fair price for its coin. They don’t want to see the coin price plummeting; they don’t want to allow speculators to send it soaring, either. All they want is to be confident in the future. In general, the money that constantly changes in value is a road to nowhere as everyone wants to use it not as a medium of exchange but as a speculation tool.
The first project in history, we will—largely due to our architecture—implement everyday decentralized voting for the price of BIP among all participants interested in the development of the network (validators and delegators alike). The larger the stake, the more powerful the vote.
Each day, any user will be able to send a transaction with a message containing their preference for the next price movement: 1% upward, 1% downward, or no change at all. Next, any party—in our case, Minter Explorer—who wishes to calculate the rate for the following day will have such an opportunity.
We chose one percent as a very understandable and, at the same time, efficient tool for price management. For example, if the rate increases 1% each day, then in one year, it will grow 38 times.
We are not just disrupting the socio-economic relationships between participants by enabling them to earn on a DPoS consensus; we are also empowering them with the right to set the price for their efforts with a maximum decentralization. In real life, officials use monetary policy as the leverage for staying in power as long as possible. We, on the contrary, transfer these rights to all active users. Have you ever seen thousands of people from across the world determining the price of a single product? If we want to design a truly global solution, that is the only way and not the off-chain exchanges with bots and speculators where trading volumes are often faked.
The price is not the only consolidated solution of the network. It is an indicator that we will offer to those willing to buy or sell BIP. Again, it will all happen independently, through the blockchain and atomic swaps. Anyone will be able to observe real liquidity at any point.
We are building the Internet of Money and want everyone to take part in it with no limitations or doubts. At the very least, you will be able to transfer funds in five seconds at a fee of 1/100th of a cent. Best-case scenario, you’ll be making money while maintaining and pushing Minter forward with us!
https://t.me/MinterTeam
#minter
Since we are one of the world’s first DPoS networks—which means consensus-based delegated voting—the system is supported by a large number of participants. We already have about 40,000 users at the start, and all of them are granted the right to receive income from the system. Imagine if every user of Visa were the company’s shareholder. The difference is that with Minter, you don’t need to imagine…
Each network always fights for the fair price for its coin. They don’t want to see the coin price plummeting; they don’t want to allow speculators to send it soaring, either. All they want is to be confident in the future. In general, the money that constantly changes in value is a road to nowhere as everyone wants to use it not as a medium of exchange but as a speculation tool.
The first project in history, we will—largely due to our architecture—implement everyday decentralized voting for the price of BIP among all participants interested in the development of the network (validators and delegators alike). The larger the stake, the more powerful the vote.
Each day, any user will be able to send a transaction with a message containing their preference for the next price movement: 1% upward, 1% downward, or no change at all. Next, any party—in our case, Minter Explorer—who wishes to calculate the rate for the following day will have such an opportunity.
We chose one percent as a very understandable and, at the same time, efficient tool for price management. For example, if the rate increases 1% each day, then in one year, it will grow 38 times.
We are not just disrupting the socio-economic relationships between participants by enabling them to earn on a DPoS consensus; we are also empowering them with the right to set the price for their efforts with a maximum decentralization. In real life, officials use monetary policy as the leverage for staying in power as long as possible. We, on the contrary, transfer these rights to all active users. Have you ever seen thousands of people from across the world determining the price of a single product? If we want to design a truly global solution, that is the only way and not the off-chain exchanges with bots and speculators where trading volumes are often faked.
The price is not the only consolidated solution of the network. It is an indicator that we will offer to those willing to buy or sell BIP. Again, it will all happen independently, through the blockchain and atomic swaps. Anyone will be able to observe real liquidity at any point.
We are building the Internet of Money and want everyone to take part in it with no limitations or doubts. At the very least, you will be able to transfer funds in five seconds at a fee of 1/100th of a cent. Best-case scenario, you’ll be making money while maintaining and pushing Minter forward with us!
https://t.me/MinterTeam
#minter
Telegram
Minter Network
Minter is an ultra-fast and robust cross-chain DEX with in-core AMM and order book powered by its own Layer-1 Blockchain.
https://www.minter.network/bip
https://www.minter.network/bip
My roadmap:
2017 – Vision of a blockchain tokenizing every sort of monies – fiat, private, game credits, rewards, points – for the ease of use
2018 – Minter: Testnet
2019 – Minter 1: Public blockchain
2020-21 – Minter 2: Public blockchain as a Global Rewards Network
2022-2025 – Minter 3: Public blockchain with sidechains as an Internet of Money
#minter #roadmap
2017 – Vision of a blockchain tokenizing every sort of monies – fiat, private, game credits, rewards, points – for the ease of use
2018 – Minter: Testnet
2019 – Minter 1: Public blockchain
2020-21 – Minter 2: Public blockchain as a Global Rewards Network
2022-2025 – Minter 3: Public blockchain with sidechains as an Internet of Money
#minter #roadmap