Recap AMA Minto x Vietnam Coin Market Community
Mr Hubert: Hello everyone,
Only 15 minutes left and the AMA event of MINTO will be started
The representative for Vietnam Coin Market (VCM) is Admin Owner @taitan296 who will run AMA and MINTO project’s representative is @mintosmm.
Vietnam Coin Market Group (VCM) will be locked to make the event convenient.
After Segment 3 of the Vietnam Coin Market group will be opened a chat so that the community can ask the project.
How’s everything going?
Again, it’s been my greatest pleasure to announce today’s special AMA session
Today’s AMA session is composed of 4 parts:
✔️ Part 1 — Welcome
✔️ Part 2 — Q&A
✔️ Part 3 — Questions on Twitter — Guest will choose the 5 best questions from this Tweet: https://twitter.com/chocoin_VN/status/1518589091763613697?s=20&t=xZekEqm9byPD8mn4rD6iWQ
🏆 Total Prize: $50 USDT
✔️ Part 4 — Free — asking: the guests will choose about 5 good questions to answer:
🏆 Total Prize: $50 USDT
Craving for the question rain ahead after I unmute the group.
🆘 Winners must:
✴️Follow Twitter https://twitter.com/BTCMTOfficial
✴️Join Telegram https://t.me/btcmtofficialchat
Let’s get the curtain roll-up and welcome @mintosmm.
Question 1. Could you briefly introduce about yourselves as well as your project?
Minto is an international project based in Dubai. Minto designed and offers the DeFi platform for BTC mining by staking BTCMT tokens which Minto issued. BTCMT (Bitcoin Mining Token) is a DeFi mining token secured by actively operating Bitcoin mining hardware based on the HECO chain. Now the issue is 5,500,000 BTCMT. Every 100 tokens are equal to 1 TH/s and all 55,000 TH/s are verified by F2Pool. It can be both traded on MDEX and staked in DApp to get daily mining rewards. Minto is gradually increasing the project hashrate. Recently 10% of power was added, mining rewards are increasing accordingly.
Question 2. What makes the Minto stand out more than the projects in the same direction at the moment?
Firstly, its tokenomics. Staking rewards are shared only between those who staked. DeFi yield farming with Minto provides at least 137% APR. Secondly, our data center in the Republic of Karelia is powered by a private hydropower plant. It’s verified by WWF and complies with the UN CEO Water Mandate. So every Bitcoin mined is absolutely green. On April 19, 2022 we started to increase Minto hashrate. Initially we added 10% until 55 PH/s and we intend to go on. As the Minto mining power increases, your mining rewards increase accordingly. We also assume that the BTCMT price will grow along with this. It’s very simple to earn money with such a carefully thought out service.
Question 3. Who are some business partner/clients for Minto?
We have a partnership with one of the largest pools of F2Pool, BitKeep, Huobi Wallet, Token Pocket crypto wallets, we have an office in Dubai, where all friends are nearby, soon we plan to launch in another blockchain and enter a centralized exchange. Our clients are our friends and their friends as well as a like-minded community which has already realized all the advantages such a form of mining without real hardware’s owning and its maintenance.
Question 4. What are the memorable milestones of Minto in the research and development process?
Minto’s way is great. First of all, we developed a handy DApp to manage your assets, stake BTCMT tokens and get daily rewards on BTC directly in your wallet. We sold 2M tokens and our clients got APR 137% (annual interest rate) after the first 100 days. We listed on the MDEX exchange and it allowed our clients to buy and sell BTCMT whenever they want, to earn money not only on the rewards but on the difference of the token’s rate. We work with the most popular crypto wallets, e.g. BitKeep, Huobi Wallet, TokenPocket. We prepare a set of interesting functions to expand asset management capabilities.There will be news about this very soon.
Question 5. What does Minto plan to do to attract more users in the upcoming time?
The main directions of our work is growing and making our token holders wealthier. These are the main plans of the foreseeable future we can share:
1) Autofarming feature. It will be released in April and allows users to increase their income by 10–20% by clicking a single button instead of staking mining rewards again on a daily basis.
2) Centralized exchange listing. There are hundreds of processes we had to complete, but nothing can be more important than your experience. So we are working on CEX listing for you to interact with all assets related to BTCMT much easier. It’s one of the most important stages of the project since we’ll get an opportunity to present our project to a wider audience and to make BTCMT more expensive.
3) Further tokenization. The more hashrate is tokenized, the higher your rewards!
Part 3 — Questions on Twitter
1. Jonson @jonsonhob
I really wanna hold a good amount of $BTCMT but i need to be sure of its profitability. Can you tell me the advantages of holding $BTCMT & also where to buy it? What is the $BTCMT token use case & how does it capture the value of the ecosystem you’re building?🎉
Thank you for this deep question! First of all, BTCMT tokens are backed by real mining hardware, and the ratio 100 BTCMT = 1 TH/s of hashrate is invariable. As for current date 1000 staked BTCMT tokens brought about $80 net profit a month. You can buy BTCMT on the Minto Dapp, website minto.finance, or decentralized MDEX exchange. We launched the project on the Huobi Eco Chain (HECO) network but we are planning to expand it to BSC asap. On April 19, 2022, we added 10% hashrate to the project’s pool, which means the profit of every user was increased accordingly. Today the total project hashrate is 55 PH/s, 5.5M BTCMT tokens are issued. We constantly improve the DApp and expand its functionality, moreover soon we are planning to list BTCMT on one of the famous centralized exchanges. But even now you have the whole set of tools for managing mining and risks of your portfolio. We will be glad to see you among our clients!
2. Minh An @MinhAn93365485
@Beo0808 Could you tell us what differentiates Minto’s BTC mining from traditional mining that can be done in other platforms? What benefits do you provide in terms of security, accessibility and time-cost?
It’s really important! In general BTC mining in our data-centers is the same as traditional one. But point being there is a big difference for the end user. Today it’s almost impossible to earn BTC as a private person, you have to buy and maintain very expensive equipment and have access to cheap electricity. We already did it and removed this issue from the agenda. As for clients you may just use Minto DApp staking BTCMT tokens and get BTC daily rewards as if you have mined it yourself. But you don’t need to manage your mining farm because we do it instead of clients. Moreover you have the possibility to trade BTCMT tokens on MDEX and by buying or selling you may manage your mining hashrate as a digital asset. By owning BTCMT tokens you have no time limits and you are completely free to take any plunge.
3. Roberdxhood @Roberd_hood
Does the Minto team own or run a mining farm/rig to back up the large amount of Hash Rate that each token generates? Does Minto serve as an alternative for users who do not have the ability to purchase mining machines?‼️‼️
Exactly! The Minto project allows users not to own the mining farm but earn bitcoins by owning its hashrate with the help of BTCMT tokens. We own, manage and maintain a mining farm instead of the client and we provide you up-to-date service to mine bitcoin. Today we offer 55 PH/s of hashrate and gradually increase it, which means the clients’ profit increases accordingly. Besides we can choose the data centers and mining pools depending on the situation, that is why we control all infrastructure risks of the Minto project. It’s very important that your mining profit doesn’t depend on our costs and only depends on your staked BTCMT tokens amount and BTC rate.
4. I am honest @I_am_honest_bro
Talking about the security, As we know Nobody can guarantee the security of Smart contract. But Audit play an important role in finding out the known bugs of smart contract. Can you tell us how strong your security system? Have you done an audit by any third party before?
An audit is very important for us because there are too many cases of bad contracts. Our smart contracts are audited by one of the most famous companies, Hacken.io. You may find its report on our website’s main page. By adding new functionality we change smart contracts but we treat this process with due diligence because we cannot allow the loss of our clients’ funds.
5. Sherlock @iracundito
Minto offers a BTCMT token that is secured by 0.01 TH/s running in a eco-friendly data center. Exactly what makes such a data center that you mention “ eco-friendly “? How do you make sure to measure the environmental impact of your project?
We use only green data centers with the cheapest electricity. It’s really difficult to find such facilities but we have a special approach and know what we are looking for. Of course, we know about wind and solar energy but we also understand that it can’t exist without appropriate policy and support of officials, and the footprint of these stations is not neutral at the production and disposal stages. We use only hydroelectric power stations where we can find excess capacity which are located in the Northern territories, because the first part of our success is the cheapest energy, and the second is effective cooling of miners. Be sure, this is the most effective approach if you would like to mine with the minimum costs and carbon footprint with a long-term strategy. Our bitcoins are the most eco-friendly!
Part 4 — Free — asking
#1. What are the benefits of holding your token as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?
First, real working mining hardware is at the heart of the project which relies on its own hashrate, this means that BTCMT token is not just a kind of digital entity, but a really secured digital product. We pay mining rewards from the entire project hashrate regardless of the number of tokens sold or tokens in staking, so your profitability is always higher than others. We are gradually adding hashrate to the project increasing your profitability, and we do it because we have all the infrastructure capabilities for this and we intend scaling up. Localization for the other countries’ audience, listing on top exchanges, issuing on top blockchains — all this will add value to our project and BTCMT token.
#2. What are the ways for your project to generate revenue in the long run? What is the progress of business development and what are some of your commercial partnerships?
First of all, it will be our birthday soon. Our project is one year old and staking is successfully working. The profitability of last month is good — by having 1000 BTCMT tokens in staking you would receive about $80 net profit of mining rewards per month. We’ve already sold more than 2M tokens, on April 19 we increased 10% hashrate to project mining power, we localized the Minto DApp on Vietnamese, Korean and Japanese, soon we’ll launch BTCMT in the next Binance blockchain and we plan to list in one of the largest exchange. These are the main steps. We have a partnership with one of the largest pools of F2Pool, BitKeep, Huobi Wallet, Token Pocket crypto wallets, we have an office in Dubai, where all friends are nearby.
#3. BSC is really in trending now because it has low gas fee and high transaction speed. Have you any plan to move on BSC?
Absolutely right! Therefore, we are preparing the HECO-BSC bridge and will launch it in the near future. Minto plans to become a multi-chain project and be presented in all popular networks in order to be a convenient DApp for all users.
#4. I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate ?
We are happy to develop a community in many languages. We have a large Chinese and English-speaking community, which is now actively growing with Vietnamese, Korean and Japanese. As the project develops, we will add new languages and connect audiences from many countries. We are also preparing a program for ambassadors, and we will be glad to see you in our community. This will allow you to find out about this program the very first. Join our community and write your questions and suggestions in the chat! Communication is the most valuable thing for us.
#5. What is your top 3 things for priorities in 2022? Could you share some plans for the upcoming year?
First, real working mining hardware is at the heart of the project which relies on its own hashrate, this means that BTCMT token is not just a kind of digital entity, but a really secured digital product. In 2022 we are gradually adding hashrate to the project increasing your profitability, and we do it because we have all the infrastructure capabilities for this and we intend scaling up. Localization for the other countries’ audience, listing on top exchanges, issuing on top blockchains — all this will add value to our project and BTCMT token this year.
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