Minter 3

Grand
Tokenomics Update

Implementation of the best blockchain industry’s practices. Minter 3 Tokenomics Update Coming on April 12, 2022.

Buy and Stake BIP
$14,354,516

Market cap

$27,485,793

Fully diluted market cap

May 15, 2019

Mainnet launch

10,000,000,000

Max. supply

5,427,996,860 (54%)

Circulating supply

1,125,772,062 (21%)

Free float

47

Active validators

12,747

Active stakers

BIP Growth Drivers

Dynamic Mining

Dynamic Mining

BIP’s price drops when the supply of coins on the market exceeds the demand. To make this less impactful, we introduce a block reward balancer that reacts by reducing block rewards when the BIP price falls, helping to avoid further BIP surplus. At the same time, when the BIP price goes up, the balancer increases the rewards to maximize staking outcome.

Auto-Redelegation

Auto-Redelegation

Currently, all delegation rewards are sent to addresses of delegators about once every hour. Auto-redelegation will change things in a way that all rewards will be automatically delegated, increasing the stake as well as the rewards. To claim rewards, the user will need to make a regular unbond transaction, specifying the number of coins they need.

Burning by Balancer

Burning by Balancer

If there is a sharp drop in the price of BIP, the balancer stops distributing rewards to delegators who haven’t locked while block rewards are burned down to the base value. Once the price is no longer decreasing, block rewards return to their base values and are distributed as usual.

Burning of Ticker Fees

Burning of Ticker Fees

When creating a new coin or token, the issuer pays the fee that depends on the length of the ticker—the shorter, the cheaper. Instead of being distributed to validators and their delegators, this fee will now be sent to the 0th address and burned, taking the coins out of free circulation.

BIP Buyback

BIP Buyback

When swaps are made within liquidity pools, BIP is bought back and later burned. We’ll increase the in-pool fee from .2% to .3% (market average). Liquidity providers will still be earning .2% on swaps within pools, while the remaining .1% will go towards BIP buyback and burn.

3-Year BIP Lock

3-Year BIP Lock

A new staking option will be offered to users with Minter 3 Upgrade. They will be able to send their BIP into delegation with a 3-year lock and receive 3x rewards. At the same time, fees collected by validators will not increase. To apply this feature, users won’t need to unbond their stakes.

Stake Transfer

Stake Transfer

We will introduce a MoveStake transaction that transfers the stake to a new validator. The transfer will take 7 days.

All measures above share a single goal, which is to stimulate BIP shortage.
Even if demand remains the same while there is a decrease in supply, prices tend to rise.

Buy and Stake BIP