Forwarded from IOMA
Preparing to launch Minter IOMA
The initiative group, which includes representatives of liquidity providers and large Minter traders, made a joint decision to create the Minter Internet of Money Association.
The purpose of the association:
To create conditions contribute to development of the Minter network, under which the interests of all parties will be protected.
The main objectives of the association:
- Support liquidity providers;
- Set standards and form transparent rules;
- Prevent manipulation and fraudulent activities;
- Promote increased liquidity and price stability in the Minter network.
First of all, the BIP price stabilization plan was developed, which includes the following measures:
1. Limit the minimum selling price of BIP at $0.015.
2. Keeping the difference between the minimum sale and purchase price within 10%.
3. The proposed measures are mandatory for all liquidity providers in the association.
It is necessary to stabilize the BIP price so that developers and validators, who incur expenses every day, could ensure quality work of the network and develop projects.
The list of services and traders who supported the initiative:
- bip.plus
- bipex.net
- minter.1001btc.com
- kitmoon.com
- bip-exchange.com
- ex-bip.com
- cash-transfers.com
- @BIP_Banker_bot
- @BoBoExChangeBot
- @Gratz_Exchange_bot
- @pizza_card
- @voronunivers
- @InvestPlace
- @kerry_invest
- @HarryPodlesny
- @Juboer
#Minter_IOMA
The initiative group, which includes representatives of liquidity providers and large Minter traders, made a joint decision to create the Minter Internet of Money Association.
The purpose of the association:
To create conditions contribute to development of the Minter network, under which the interests of all parties will be protected.
The main objectives of the association:
- Support liquidity providers;
- Set standards and form transparent rules;
- Prevent manipulation and fraudulent activities;
- Promote increased liquidity and price stability in the Minter network.
First of all, the BIP price stabilization plan was developed, which includes the following measures:
1. Limit the minimum selling price of BIP at $0.015.
2. Keeping the difference between the minimum sale and purchase price within 10%.
3. The proposed measures are mandatory for all liquidity providers in the association.
It is necessary to stabilize the BIP price so that developers and validators, who incur expenses every day, could ensure quality work of the network and develop projects.
The list of services and traders who supported the initiative:
- bip.plus
- bipex.net
- minter.1001btc.com
- kitmoon.com
- bip-exchange.com
- ex-bip.com
- cash-transfers.com
- @BIP_Banker_bot
- @BoBoExChangeBot
- @Gratz_Exchange_bot
- @pizza_card
- @voronunivers
- @InvestPlace
- @kerry_invest
- @HarryPodlesny
- @Juboer
#Minter_IOMA
Forwarded from IOMA
Association responsibility
Today, the association participants have solved two important problems.
1) The decision-making mechanism has been approved:
- Each liquidity provider will be given 1 vote regardless of the number of project representatives that are members of the association;
- The decision is considered to be made if 2/3+ votes of the total number of participants with voting rights are given for it.
2) The list of responsibilities of the association has been approved:
- Admission and exclusion of association members;
- Appointment of guarantors;
- Creation of mechanisms to ensure liquidity;
- Development of measures to stabilize the BIP price;
- Formation of insurance fund;
- Detection and prevention of fraudulent operations;
- Approval of criteria by which a transaction will be recognized as fraudulent;
- Collection and publication of statistics on trading volumes;
- Distribution of grants without affecting the BIP price;
- Establishment of a developer support mechanism;
- Providing legal support to the association members;
- Advertising of projects.
And good news:
The market has already had a positive response to the news about the establishment of the association, as a result of which the volume of BIP purchases has increased significantly and the price has stabilized at a level even slightly above the minimum established values.
Three services joined the initial list:
- ex.minter.su
- @mproexbot
- @BipConverterBot
#Minter_IOMA
Today, the association participants have solved two important problems.
1) The decision-making mechanism has been approved:
- Each liquidity provider will be given 1 vote regardless of the number of project representatives that are members of the association;
- The decision is considered to be made if 2/3+ votes of the total number of participants with voting rights are given for it.
2) The list of responsibilities of the association has been approved:
- Admission and exclusion of association members;
- Appointment of guarantors;
- Creation of mechanisms to ensure liquidity;
- Development of measures to stabilize the BIP price;
- Formation of insurance fund;
- Detection and prevention of fraudulent operations;
- Approval of criteria by which a transaction will be recognized as fraudulent;
- Collection and publication of statistics on trading volumes;
- Distribution of grants without affecting the BIP price;
- Establishment of a developer support mechanism;
- Providing legal support to the association members;
- Advertising of projects.
And good news:
The market has already had a positive response to the news about the establishment of the association, as a result of which the volume of BIP purchases has increased significantly and the price has stabilized at a level even slightly above the minimum established values.
Three services joined the initial list:
- ex.minter.su
- @mproexbot
- @BipConverterBot
#Minter_IOMA