Minter Advantages

Minter Advantages

image

#1 All popular digital assets in one place

The Minter blockchain fully implements the Internet of Money concept.

Minter combines all possible digital assets in one technically advanced blockchain, which is already ready* for mass global use.

With a single Minter wallet, you can interact with:

  • Cryptocurrencies (BTC, ETH, UNI, BNB and others)
  • Digital money (USDC, USDT and others)
  • Assets (stocks, gold, oil)
  • Branded money (loyalty points, rewards)
  • Various tokens (rights, votes, security tokens, utility tokens)

The list of digital assets will expand to thousands of possible options.

Minter as a Digital Assets Marketplace — https://minter.network/

Why Minter🔥 & BIP🚀?

  • Global access to digital assets in one place — it’s convenient. Minter best solves the problems of users who want to interact with digital assets.
  • In practice, everything is fast, profitable, reliable and simple for users. We will discuss these points in more detail in the following posts.
  • Banks, e-wallets and exchanges can use Minter as a single secure solution for easy and reliable access to the market of digital currencies and assets.

*Millions of transactions per day, was proven in December 2020.

#2 Instant exchange of digital assets in your wallet

All digital assets available in Minter can be freely exchanged for each other in any Minter wallet.

To do this, you need to select the desired asset to purchase and the asset to be exchanged, as well as the transaction amount.

The exchange will be made instantly in 24/7/365 mode with a speed of less than 5 seconds under the best market conditions, and its cost will be only $0.03+0.2%.

Why Minter🔥 & BIP🚀?

  • With Minter, the exchange of digital assets no longer requires registration on exchanges and the use of exchangers, which greatly simplifies the exchange task for users.
  • Exchange operations are performed around the clock with the reliability of the blockchain, which guarantees their execution and full transparency.
  • The best market exchange conditions, low cost and instant transactions are simply profitable.

#3 Sending any digital asset in any volume and anywhere in the world to the Email address

In Minter, you can instantly transfer any digital asset to an Email address with a fee of $0.01 (fixed for any amount).

To make a transfer, just enter the recipient’s email address and the amount. The recipient may not even have a previously created wallet — and will still receive the transfer, which will be notified by email.

The recipient can use the received amount immediately:

  • Exchange for another digital asset ($0.03+0.2%), buy shares, for example
  • Send ($0.01)
  • Purchase digital products that are already more than 20,000 (Apple Music, Spotify, XBOX, and so on) or top up your mobile phone balance

It is easy for anyone to create their own wallet in Minterhttps://wallet.minter.org

Or by using an invitation to MinterID, if you have a Google account — https://id.minter.org

Why Minter🔥 & BIP🚀?

  • All major digital assets of the world (currencies, crypto, stocks, gold, oil, and thousands more) available 24/7/365 for transfers globally.
  • Easy registration of a Minter wallet by email, which is available to every smartphone user.
  • Sending transfers to those who have never had a wallet before and are not familiar with digital assets and money.
  • Transfers in the Minter network are cost-efficient ($0.01) and lightning-fast (~5 seconds).
  • No one can block an account, cancel payments, or charge money for something at their own discretion.
  • Using email gives you a certain level of anonymity and security (depending on the email provider, activated security features, and a strong password).

#4 Everything is fast, almost instantly⚡️

Any operations in Minter are performed so quickly that soon you literally forget that it can be somehow different.

Click the button (send, exchange) → Immediately see the result (confirmation of a successful operation)

Do you need to make an urgent payment, transfer to another person, or exchange a digital asset? It will take less than 5 seconds at any time of the day or night.

You just stop thinking about the waiting time⌚️

At the same time, any operations are final and do not require waiting for “confirmations” of the network, as is often the case in other blockchains. No one will wait at the checkout for tens of seconds and even more minutes🐌

Practice shows that people are willing to wait about 5 seconds at the time of making a payment at the checkout. This is how long it really takes to pay with a bank card, it has already become a habit and is not noticed at all.

And the name of the native utility token of the MinterBIP network is read BEEP, like the sound on the cash register “beep” when the payment has passed.

Why Minter🔥 & BIP🚀?

  • Instant payments, transfers and exchanges in Minter are very convenient, and it allows you to save time — the most valuable resource that people have.
  • Operations are immediately final, which makes Minter as reliable as possible, and this is especially important when working with money and assets.
  • For traders, speed means even more, instant exchanges are simply profitable and increase the income from transactions.

#5 Low fixed fees in $

Sending any kind of digital money and assets on the Minter network costs only $0.01, regardless of the volume.

The exchanges will cost $0.03+0.2% if a token or coin that has no reserve in the BIP, and only $0.03 if the coin has a reserve.

The fees are denominated and fixed in the US Dollar💸, which is the most understandable currency for people around the world.

In Minter, you always know exactly how much you will pay, and you don’t have to worry about the transaction fee.

Why Minter🔥 & BIP🚀?

  • Low fixed fees in Minter allow you to make small instant transfers without significant operating costs.
  • On the other hand, it is cost-efficient to make large transfers, because the fee for any volume is only $0.01.
  • Due to the binding to $, everyone understands the cost of any operation in the blockchain, and this is very convenient.
  • Business gets predictability in terms of prices and can not think about volatility.

#6 Pay your fees with any coin or token

A low fixed fees in $ is great, but even better when you can pay it with any coin or token in Minter, including transferred digital assets from other networks.

The issue of paying transaction fees is still a sore point for cryptocurrencies and blockchain platforms (especially Ethereum). For example, when there are tokens in the wallet, but they cannot be transferred until the balance is replenished in a digital asset used to pay commissions (for example, ETH).

That is, you have money or assets, but you can not use them, even if their value is enough to pay any transaction fee😭

In Minter, the fee for sending transfers, asset exchanges, and other transactions is charged in any digital asset available on the wallet. You don’t even have to choose which coin or token to charge the transaction fee from, the wallet will do it itself. That’s how simple and convenient it is.

Sending USDT? Pay a fee in USDT of $0.01, and in less than 5 seconds the money will be with the recipient.

You can send a Tesla share by paying a fee in Tesla shares😎

Why Minter🔥 & BIP🚀?

  • With Minter, you can forget about the “gas” problem and perform the necessary operations in almost any situation.
  • Paying transaction fees with any assets significantly saves money and time.

#7 Everyone can fully participate in the Decentralized Economy (DeFi)

In the Minter blockchain, the most basic ways of participating in the decentralized economy are available directly from the user’s wallet: loans and their provision, deposits, currency and asset exchanges and the provision of liquidity for this, staking and farming.

In one wallet, where there are no restrictions on transactions, the maximum number of financial capabilities of blockchains is collected: Minter, Ethereum and Binance Smart Chain.

Interaction with all the services of “decentralized” earnings in Minter takes place through a simple interface that is understandable to “grandmothers”, and at the same time, the technological advantages of the blockchain are used in all their glory, as a result, users make instant transactions, conveniently, profitably and guaranteed (finally).

To participate in the DeFi services based on the Ethereum and Binance Smart Chain, the BIPx token is used, the price of which is always 1:1 to BIP. This does not require additional actions and everything happens “on the fly”, so that even “grandmothers” can earn in DeFi.

Why Minter🔥 & BIP🚀?

  • All the opportunities to earn money in DeFi at once 3 blockchain platforms (Minter, Ethereum, Binance Smart Chain) through one simple Minter wallet.
  • The best DeFi services in the Minter wallet catalog, selected by experts.
  • To participate in the DeFi services from Ethereum and Binance Smart Chain, you do not need a separate wallet and BIP can be converted to BIPx on the fly.
  • Interaction with Minter-based DeFi services with instant and final transactions, low fees and easy payment in any digital currency and asset.

#8 Scaling the Ethereum blockchain

The Ethereum network now has more than 1 million transactions per day, and it is the most popular blockchain in DeFi and token issuance for various projects. It ranks 2nd in the CoinMarketCap rating by capitalization (~$200 billion).

But technologically, Ethereum was not ready for this, so the network has a high cost and low transaction speed.

The average commission for sending ETH in 2021 is from $3.3 to $43😕 At the same time, sending any ERC20 token (USDT, BNB, UNI, etc.) costs from $10 to $132😣 Exchanges in Uniswap (a popular DeFi service) cost as much as $31 to $409😭 Yes, such wild fees exist: sending ERC20 tokens is 3 times more expensive, and exchanging them is 9.5 times more expensive than sending ETH.

The speed is from 1 hour at the lowest commission (maybe better, but still minutes) and up to ~1 minute at a surcharge of +40% for “fast” sending.

And all commissions in Ethereum are paid strictly in ETH. If there is not enough ETH on the wallet, then you will not be able to send or exchange other tokens.

Minter solves all these problems and makes it possible to transfer any tokens from/to Ethereum to speed up operations, reduce their cost, and make it easier to manage digital currencies and assets.

From the Minter wallet, you can enter and withdraw assets from and to Ethereum, without any restrictions, in a single transaction, completely decentralized.

Users of Ethereum can easily transfer their operations to a fast and effective blockchain, saving their tokens, ceasing to suffer from low speed, high fees and complex interaction with the wallet.

Why Minter🔥 & BIP🚀?

  • Any transactions in Minter, whether sending or exchanging, are made in less than 5 seconds. Almost instantly.
  • Low fixed $ cost of transfers of $0.01 and exchanges of $0.03 + 0.2%, which is much more profitable than in Uniswap (with commissions of $31 + 0.3%).
  • Transactions in Minter are immediately final in 1 block, and you do not need to wait for additional confirmations.
  • Transfers and exchanges are easier to make, as you do not need to set up Gas Price and Gas Limit. Everything happens simply and predictably, and there will not be a situation that the transaction was not accepted by the network, as is often the case in Ethereum.
  • The transaction fee in Minter is paid by any currency or asset, for example, a USDC token transferred from Ethereum (or any other) can be used to pay the commission for any transaction.
  • Transferring tokens from/to Ethereum is very simple and is performed in a single transaction.

#9 Integration with Binance Smart Chain

Binance Smart Chain (BSC) appeared six months ago, and it already makes more than 2 million transactions daily, mainly due to DeFi services and the transfer of tokens from other blockchains. The native BNB utility token ranks 3nd in the CoinMarketCap rating by capitalization (~$45 billion).

The BSC blockchain is fully compatible with Ethereum, but has improved technical characteristics.

The commission for sending BNB and BEP20 tokens (similar to ERC20 on Ethereum) is on average $0.05-$0.12 and can be higher😕 Exchanges in PancakeSwap (a popular DeFi service) cost as much as $0.3-$0.5 and can reach $10😣

The speed of forming new blocks in BSC is about 5 seconds, but it is recommended to wait about 1 minute for the final confirmation of the transaction.

All commissions in Binance Smart Chain are paid only in BNB. Here everything is like in Ethereum, you need to have a native utility token on your wallet to pay all commissions, in the case of BSC — this is BNB. If there is no BNB on the wallet, then no actions can be performed.

Yes, BSC reduces user costs (fees, time) compared to Ethereum, but Minter takes user interaction with Binance Smart Chain tokens to a whole new level.

As with Ethereum, the Minter wallet allows you to deposit and withdraw assets from and to the Binance Smart Chain, without any restrictions, in a single transaction and completely decentralized.

Binance Smart Chain users can increase the speed of their transactions, reduce their cost, and easily interact with all their digital assets from one convenient wallet in Minter.

Why Minter🔥 & BIP🚀?

  • Any transactions in Minter are made instantly, in less than 5 seconds, and immediately have a final confirmation. You do not need to wait for additional confirmations.
  • Low fixed $ cost of transfers of $0.01 (instead of floating $0.05+) and exchanges of $0.03 + 0.2%, which is several times more profitable than in PancakeSwap (with commissions $0.3-$10 + 0.2%).
  • Predictable transaction price with guaranteed network acceptance. To successfully send a transaction, you do not need to choose Gas Price and Gas Limit, or hope that the wallet developers have made an adequate adjustment to the commission level. This makes it very easy to interact with digital currencies and assets, especially for beginners.
  • Payment of transaction fees for any currency or asset in Minter. You do not need to keep a special token on your wallet and you can pay with what you transfer or exchange.
  • You can transfer tokens from/to the Binance Smart Chain in one transaction.

#10 Tens of millions of transactions daily

In connection with the integration of Minter with the Ethereum and Binance Smart Chain blockchains, a reasonable question arises: Will Minter withstand millions of transactions daily now, and what will happen when the transaction count goes to tens of millions? And the answer here is Yes😎

The concept of Internet of Money implies that digital currencies and assets from different blockchains can be simultaneously located in one blockchain, while everything should be simple, fast, with low fees and reliable.

The Minter blockchain is initially designed for the fact that in one block (~5 seconds) there can be up to 10,000 transactions, and this is up to 172 million different operations per day, primarily such as sending from wallet to wallet or exchanging one asset for another.

Of course, this speed is not the final limit, and closer to the moment when there is a need to expand the bandwidth, Minter will be able to become even faster in its next updates thanks to the work of the team that created and continues to develop the blockchain.

The current bandwidth is more than enough to transfer all current digital currencies and assets to Minter, and there will still be a reserve for the future, because the field of digital finance is still at the beginning of its development.

Minter, as part of a stress test in the main network, proved that it can make tens of millions of transfers per day in the public blockchain.

Why Minter🔥 & BIP🚀?

  • Minter has enough bandwidth with a rate of ~2,000 transactions per second to provide instant execution of transactions of the most popular blockchains combined.
  • The bandwidth in Minter is not theoretical, but proved in the stress test of the main network in December 2020.
  • There is a great reserve for the future in terms of the speed of the blockchain, and Minter is ready for mass use, so that every user instantly performs operations at any time of the day or night.

➡️ Next section

⬅️ Previous section

© 2021 BTC.Secure Inc.