FAQ on Minter
Minter
CATEGORIES
GENERAL
- I am interested in creating my coin on your platform. How much will it cost and what parameters and advantages are there with such a coin compared to others?
- How long does it take for a new block to be generated?
- What algorithm does the Minter Network use to reach a consensus?
- What do you mean by delegation?
- What is Tendermint?
EARLY ACCESS
- Is it safe to purchase BIPs through a pool? Where can I find the list of pools?
- Who processes and stores personal data obtained during the KYC? Where are the conditions for the storage and distribution of personal data recorded?
- I passed the verification, how do I access the Early Access Campaign account (the Dashboard)?
- Are there any rebates or bonuses for pools/funds?
- What is the cost of BIP during the Early Access Campaign?
PERPETUAL COIN OFFERING
- How will you achieve fairness and transparency?
- Where could your model of attracting funds be implemented?
- How do I determine how many coins should be in circulation?
- But what if the system gets deceived after someone issues the coin with low CRR and reserves and sets the price at the same level as that of the expensive coin?
- Could you elaborate on what “absolute and instant liquidity“ means?
WHITE PAPER
BIP COIN
WALLET / SERVICES
- I did not set a password and a username. How do I sign in to my account in the console?
- How do I release my coins/tokens in Minter? What should I specify in the parameters?
- Can I send other cryptocurrencies to my wallet and carry out transactions with them?
- Will MNTs I now have in the BIP wallet beta disappear after testing?
- I cannot change my username in @BipWallet_Bot. Why?
MASTERNODES
- How are the validators rewarded?
- How to become a masternode in Minter?
- In Minter, blocks are signed by all active validators. If not all of them managed to sign a specific block, will the reward be distributed between all active validators, or only between those whose signatures were included in the block?
- What is a stake for a validator/masternode?
- Where to set up the masternode? What are the requirements for the servers?
DELEGATION
- I delegated my coins to one of the masternodes. A day passed and I got no reward. Why?
- How to delegate coins?
- Is it possible to lose delegated funds?
- I always increase the delegated amount, but less and less rewards are transferred. Shouldn’t it be the other way around?
- Why do I have to wait for 30 days when unbonding?