Ideology Minter
Minter
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.
