Forwarded from How to buy BIP
Minter Vault
Minter Global OÜ is proud to present a new service – Minter Global Vault. This service allows you to store your BIPs in our vault and receive premium treatment – we will delegate the deposited BIPs to the best validators hand-picked by us, so that you could receive the most upside of the Minter Network.
There are two main ways to get access to the Vault services. If you already have BIPs you wish to store in our Vault, you can send the request and deposit BIPs in the Vault. If you want to use the service but do not have enough BIPs at the moment, you can purchase BIPs from Minter Global under condition that they will be stored in the Vault for a predetermined time or until you need them.
An ERC20 Ethereum token – MVT (Minter Vault Token) – will be provided to you as a receipt that proves the amount you have deposited in our vault. You can store the MVT tokens in the secure storage of your own choice and transfer them freely between your addresses, so that when you are in need of BIPs, you can provide us with the MVTs and receive the deposited BIPs plus the block rewards minus our fees, that are limited to a small percentage of the block rewards.
MVTs are created every time a new BIP deposit is made to the Vault. Initially, delegation of 1 BIP was to be confirmed by the issuance of 1 MVT. Since the amount of BIPs in the Vault is constantly rising due to the delegation mechanics and accumulation of the block rewards, but new MVTs are only issued when BIPs are deposited directly by our customers, the amount of BIPs that can be redeemed for 1 MVT is also rising. The current redemption rate of MVP is calculated as division of the total amount of BIPs in the Vault by the total amount of MVPs issued.
When you deposit your BIPs or request a withdrawal, you will receive or would have to provide an amount of MVTs as calculated based on the current redemption rate. In next 12 months we can expect up to +100% increase of the redemption rate due to the network's rewards and compound percentage of redelegation. We will publish a special web page in few days where anyone can check current balances of both Minter and Ethereum holdings, as well as BIP/MVT ratio.
The first transaction in the Vault took place on August 24, 2020: 30 million BIPs have been sent to our multi-sig Vault, while 30 million MVTs have been issued and distributed to the depositing customers: https://etherscan.io/token/0xc8218f0599b648e8c1436802fe30f0cbab4d97e2
#MVT
Minter Global OÜ is proud to present a new service – Minter Global Vault. This service allows you to store your BIPs in our vault and receive premium treatment – we will delegate the deposited BIPs to the best validators hand-picked by us, so that you could receive the most upside of the Minter Network.
There are two main ways to get access to the Vault services. If you already have BIPs you wish to store in our Vault, you can send the request and deposit BIPs in the Vault. If you want to use the service but do not have enough BIPs at the moment, you can purchase BIPs from Minter Global under condition that they will be stored in the Vault for a predetermined time or until you need them.
An ERC20 Ethereum token – MVT (Minter Vault Token) – will be provided to you as a receipt that proves the amount you have deposited in our vault. You can store the MVT tokens in the secure storage of your own choice and transfer them freely between your addresses, so that when you are in need of BIPs, you can provide us with the MVTs and receive the deposited BIPs plus the block rewards minus our fees, that are limited to a small percentage of the block rewards.
MVTs are created every time a new BIP deposit is made to the Vault. Initially, delegation of 1 BIP was to be confirmed by the issuance of 1 MVT. Since the amount of BIPs in the Vault is constantly rising due to the delegation mechanics and accumulation of the block rewards, but new MVTs are only issued when BIPs are deposited directly by our customers, the amount of BIPs that can be redeemed for 1 MVT is also rising. The current redemption rate of MVP is calculated as division of the total amount of BIPs in the Vault by the total amount of MVPs issued.
When you deposit your BIPs or request a withdrawal, you will receive or would have to provide an amount of MVTs as calculated based on the current redemption rate. In next 12 months we can expect up to +100% increase of the redemption rate due to the network's rewards and compound percentage of redelegation. We will publish a special web page in few days where anyone can check current balances of both Minter and Ethereum holdings, as well as BIP/MVT ratio.
The first transaction in the Vault took place on August 24, 2020: 30 million BIPs have been sent to our multi-sig Vault, while 30 million MVTs have been issued and distributed to the depositing customers: https://etherscan.io/token/0xc8218f0599b648e8c1436802fe30f0cbab4d97e2
#MVT
Ethereum (ETH) Blockchain Explorer
Minter Vault Token (MVT) Token Tracker | Etherscan
Minter Vault Token (MVT) Token Tracker on Etherscan shows the price of the Token $0.00, total supply 58,084,000, number of holders 27 and updated information of the token. The token tracker page also shows the analytics and historical data.