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BIP
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Minter Network
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What is a Minter Network (BIP)?

Minter Network (BIP) is a new generation blockchain launched on May 15, 2019, which allows users to create their own tokens and set their price. The created coin can be transferred or exchanged for other coins immediately and without restrictions. This allows the value providers to be their own banks.

Coins can be transferred between users, exchanged for each other, or spent on goods and services.

Who created the Minter Network (BIP)?

Since 2017, the DeCenter team from San Francisco has been haunted by the idea of developing a blockchain project that allows any user to create 100% liquid coins in a couple of clicks, so that they would allow them to instantly buy or sell any volume at the market price and without having to turn to exchanges or similar services.

For more than 18 months, before the launch of the main network, seven talented developers were engaged in the Minter ecosystem project. The Minter team took ready-made solutions as the basis of the project. These were the Ethereum blockchain, Graphene technology and the Tendermint framework from Cosmos. As a result, the project has received such opportunities:

  • Trading of most assets in one network is decentralized.
  • Blocking the final in 5 seconds
  • The fees for the token are fixed in US dollars.
  • Integration with Ethereum and Binance Smart Chain
  • Cross-chain transfers with swaps.
  • Limit orders based on the implementation at the basic level of the Minter blockchain
  • Creating your own tokens and liquidity pools
  • BIPx, a mirror version of BIP, on Ethereum and BSC
  • Decentralized deposits and withdrawals
  • Pool fees and crop cultivation options

What makes the Minter network unique?

Unlike many blockchains on the market, Minter does not aim to bring everything into the chain. The Minter blockchain follows general trends, enriching them with its own unique features: an open network without access rights, fast transactions, coin creation, etc.  

Applications and services developed for Minter are called MApps (Minter applications). A typical MApp is a microservice integrated into a website or mobile application that allows users to sign transactions, view balances, issue coins, and use other functions supported by the internal block chain. From the very beginning, the Minter team will release an open source SDK for iOS, Android, JS, and even a set of Telegram bots.

How many Minter Tokens (BIP) are in circulation?

The total number of BIP tokens of the Minter network is - 10,000,000 units. They become available as a reward. There is - 4,695,485,101 of 4,695,485,101 tokens in circulation.

The Genesis block included pre-mining of 200,000,000 BIP for the first validators, coiners and users, of which 50% were distributed through airdrop, and 50% were distributed among early partners.

The BIP token allows you to verify the network through the delegation of a share (the rate of rewards for new blocks and fees, the right to vote), pay all network fees (+30 types of transactions), provide user coins with a reserve.

At the moment, the asset value is - 0.002871 USD, the daily trading volume is 8,354 USD, and the market capitalization is 13,480,738 USD.

How is the Minter network protected?

The Minter network is based on the Delegated Proof-of-Stake consensus algorithm. DPoS is a fast, efficient, decentralized and flexible consensus model.

At the moment, the Minter blockchain has 46 independent masternodes that check 1 block every 5 seconds.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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