What is Minter Network & Its Works

Minter is a blockchain network that lets people, projects, and companies create and manage their own coins and exchange them at a fair price with absolute and instant liquidity.

Minter is the next generation currency it allows the users to create a own coin and let them to set its own price. Minter allows the creation of coins and let them to use it on everyday.

Imagine a blockchain that would allow you to create your own coin and transfer it or exchange it for all of the other coins issued in the network—as well as Bitcoin, Ether, and even USD—in an instant, limitless manner. Imagine the next-generation cryptocurrencies.

Minter is 200 times faster than its grandpa!

Coin Issuance

Money is a tool for exchanging value. Today, the value is produced by many people and companies, for example, popular Internet shops and services, new YouTubers or Instagramers, mobile games, or communities of people. They all need their own money on their own terms.

Exchangeability

All coins can be exchanged both within and outside the network. There is little sense in creating a currency that cannot be used to pay for goods and services around the world. That is why enabling you to exchange any coin for Bitcoin, Ether, and even USD whenever you want is one of Minter’s primary features. Why not use miles you got for riding the taxi to pay for flight tickets?

Key Features

Instant payments — transactions are done in 5 seconds, with fees lower than $0.001;

Usernames as addresses — no need to memorize long strings of symbols;

Absolute liquidity — with BIP in reserve and the price discovered algorithmically, each coin can be instantly reminded to BIP or any other coin without the need for an intermediary;

Limitless — BIP and other coins issued in the network can be exchanged for BTC and ETH (via Cosmos Zone) or even secured in USD;

Developer-friendly — to boost the development of Minter Apps, the team has already released open-source SDKs for iOS, Android, JS, and even a Telegram bot kit.

BIP Token

BIP token is used as the native currency of the network as well as the reserve for the coins. Total supply amounts to 10 billion BIPs, of which 100 million will be offered to early partners, 100 million will be airdropped, and the rest will be distributed as the block rewards over the course of 7 years.

Check with Pulsehyip for More details