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What is Mint Blockchain?
Mint blockchain. Source: Mintchain.io
Mint Blockchain is the Layer-2 solution on the Ethereum blockchain aimed at the NFT market. Its purpose is to expand the usage of NFT assets in new markets of those RWAs, music, sports, and Decentralized Identity Solutions (DID), to establish a unique position in the steadily growing NFT market.
Also, this platform leverages the set OP Stack suite of solutions, and at the same time it is the component of Optimism Superchain. This makes it possible for the project to harness factors such as scalability and high performance and provide the users with a fast transaction as a way of reducing the gas fees.
The project’s token ticker is MINT; however, other details regarding its tokenomics have not yet been disclosed.
The operational model of Mint
How Mint works. Source: Medium.com
Despite the daily birth of 4,000 to 6,000 NFT projects, the NFT market faces challenges like limited applicability, low liquidity, and high transaction fees. Mint doesn’t claim to solve all these issues but instead zeroes in on enhancing the utility of NFTs. Its operational model comprises three main components: NFT Improvement Proposal (NIP), Mint Request for Comment (MRC), and decentralized applications (dApps).
Mint’s NFT collections
Bridge
Bridge feature interface on Mint
The Bridge feature is a handy tool that allows users to transfer cryptocurrency from the Ethereum network to Mint in about 3 minutes. Just a heads-up: you’ll want to have a little ETH on hand to cover the gas fees, which currently fluctuate between 0.001 and 0.002 ETH. Also, if you’re looking to move funds back from Mint to Ethereum, the Withdraw function is your go-to, but keep in mind there’s a 7-day waiting period before the transaction is successfully completed.
NFT
Mint has introduced three NFT collections to the community:
- GreenID NFT: To participate in the Mint Forest program, special tokens called soulbound tokens are used. The GreenID NFT owners have privileges such as acquiring more tokens and receiving more MINT tokens, as well as checking their successful transactions in the Mint Forest.
- Mint Genesis NFTs: A collection designed to airdrop to active users in the ecosystem. Holders of Mint Genesis NFTs can look forward to perks such as early access to the project’s testnet, MINT token airdrops, and tokens from other projects.
- MintID NFTs: Serve as multifunctional assets that act like a pass for owners to engage in ecosystem activities. They also represent the user’s decentralized identity on the network. Users can personalize their MintID NFT with their own image and account name.
Mint Pool
Mint Pool feature
The Mint Pool feature allows users to stake assets like MintID NFT, ETH, and MINT tokens to earn profits. Currently, staking is exclusive to MintID NFT holders, who must stake in the Mint Pool to qualify for MINT token airdrops.
Mint’s standout features
Mint’s features
Mint shines with its revenue-sharing model, by submitting NIP proposals to the network, developers can earn directly from the protocol. It also supports a diverse range of fields, enables dApp developers to delve into various fields, especially emerging ones like AIGC (a blend of NFTs and artificial intelligence), IP Branding (intellectual property), and more, offering enhanced benefits for users.
How to get Mint airdrop
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On March 13, 2024, Mint unveiled the Mint Forest program, where users can earn points to redeem MINT tokens in the future. Recently, Mint is kicking off the season with a bang, proudly unveiling the "Mint Eco Fund Season 1 - NFT Summer!" This initiative earmarks a generous 5% of MINT tokens specifically for developers in the #OnMint community.
Here’s how you can join the airdrop:
1. Dive into the
Mint Forest program right here.
2. Hit ‘Connect’ to link your crypto wallet to the platform.
3. Enter your invite code to jump into the action.
4. Gather ME points by popping the bubble icons that appear on the interface.
5. Click on the watering can icon on the left side of your screen.
6. Enter the ME points you’ve collected and select ‘Inject ME’ to water your tree. The ME points you use will transform into Injected ME points, which are your ticket to receiving airdrops from the platform.
7. Complete additional tasks in the ‘Tasks’ section to stack up more ME points. Then, water your tree again to turn those points into Injected ME.
And for those looking to maximize their ME points, here are some pro tips:
- ME points are automatically distributed at 7:00 AM every day (UTC+7) and automatically removed if unused for 24 hours. Therefore, one should pay attention to the time if they want to fully capitalize on their ME points.
- Get a chance to win in the Lucky draw feature.
- Invite friends through the Invite buttons.
- Check out other accounts in the Mint Forest and use the experience of leaders and their score for efficient use of ME points.
As for the people behind Mint’s development team, information remains heavily obscured to the public but some well-known investors include; NFTScan Labs and Optimism. There has also been alliances and collaborations with Supra, QuestN, Galxe, zkLink...
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