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About Minter Hub
Key Points
- Minter Hub is a bridge to global crypto liquidity, connecting Minter, Ethereum, and BNB Smart Chain blockchains.
- It enables cross-chain smart contracts, interoperability, and asset transfer between networks.
- HUB is the native token, with a fixed supply of 1,000,000 units.
- Current HUB distribution: Fund (948,442 tokens), Minter community (51,558 tokens).
- Up to 48,442 additional tokens may be issued in 2021.
- Minter Hub utilizes a cold and hot wallet system for security, with a maximum of 5% of funds stored in hot wallets.
Introducing Minter HUB: A Revolutionary Gateway to the World of Cryptocurrencies
Introducing Minter Hub (HUB): A Comprehensive Overview
Minter Hub is a gateway to unparalleled global crypto liquidity, boasting a standalone blockchain empowered by innovative cross-chain smart contracts technology.
Minter Hub is forging a connection between the Minter, Ethereum, and BNB Smart Chain blockchains, with plans to interlink Solana, Polkadot, Cardano, Polygon, Terra, Tron, EOS, and other prominent networks in the imminent future.
Minter Hub boasts its own validators, also referred to as oracles, which are seamlessly connected to multiple networks simultaneously, including Minter, Ethereum, and BSC, and possess access to multi-signature wallets on each respective network.
Oracles effectively lock the coin on one network, subsequently issuing a mirrored equivalent on the other.
Unveiling the Unparalleled Excellence of Minter Hub
Minter Hub boasts a distinctive feature: its interoperability. The following list outlines the array of operations that Minter Hub users can execute with their assets in real-time:
- Seamlessly deploy cross-chain smart contracts, catering to both advanced developers and non-technical users with intuitive interfaces
- Accrue up to 1% revenue from all cross-chain transactions, unlocking new revenue streams
- Execute cross-chain transactions with unprecedented speed, averaging 20-60 seconds
- Effortlessly hold, send, receive, and trade assets across disparate blockchain ecosystems
- Participate in the thriving DeFi market, leveraging staking, yield-farming, liquidity mining, and lending opportunities
- Capitalise on arbitrage opportunities born from interoperability, unlocking new profit avenues
- Develop innovative cross-chain applications, empowered by robust API and SDK features
What Is the Circulating Supply of Minter Hub (HUB) Coins?
The native token of the Minter Hub network is HUB, boasting a total supply of 1,000,000 units. Notably, it exists as an ERC-20, BEP-20, and Minter token, seamlessly operating on the Ethereum, BSC, and Minter blockchains, respectively. Characterized by the absence of lock-up periods and any other restrictive limitations, the token enjoys complete freedom of circulation.
It is inherently impossible to surpass the predetermined maximum supply of tokens, as this ceiling is indelibly etched on the blockchain. The decision to burn or lock tokens is determined through a democratic process, wherein the oracles of the Minter Hub blockchain converge to cast their votes.
The Current Distribution of HUB Tokens:
- A total allocation of 948,442 tokens has been designated for the fund.
- Meanwhile, the Minter community has been allotted 51,558 tokens.
Beyond the 51,558 tokens currently in circulation, a further 48,442 tokens (maximum) are slated for issuance in 2021. In early 2022, the fund and team will collaboratively devise a tailored roadmap for token supply distribution.
The Minter Hub’s Robust Security Framework: A Comprehensive Overview
Minter Hub employs a familiar dual-wallet architecture, comprising cold and hot wallets, akin to those utilized by centralized exchanges. This innovative system has been dubbed ‘Minter Hub Cave.’
Hot wallets are embodied by a smart contract on the Ethereum network and a MultiSig wallet on Minter, serving as a temporary repository for a limited allocation of funds, capped at 5% of the total amount locked. The bulk of the assets, meanwhile, is transferred to a cold wallet, a multi-signature address that is meticulously managed by a group of guarantors.
The guarantors’ pivotal function is to expediently transfer coins from a cold wallet to a hot one in response to heightened withdrawal demands, while concurrently overseeing the system’s overall performance.
In the event of a surplus of funds stored on hot wallets, Minter Hub oracles trigger a vote on the transfer of tokens to a cold wallet. This voting process lasts for 3 hours, following which the transaction is automatically generated and sent online. Consequently, cross-chain transfers of substantial amounts may be delayed by a 3-hour period.
Acquiring Minter Hub (HUB): A Comprehensive Guide to Exchanges and Marketplaces
Across prominent decentralized exchanges, including Uniswap, PancakeSwap, and Minter Network.