Minto Token is Being Released on Binance: Ecomining with an Ambitious Team
Dubai, June 08, 2022 (GLOBE NEWSWIRE) -- The team behind the Minto project
reports that they’ve entered a new growth stage and from now on the token will
be available on a new, one of the most popular blockchains in the world -
Binance Smart Chain (BSC). They also explain what’s going to change for Minto
token holders, and what it means for the future of the project’s development.
Just a reminder - Minto is currently operating on the HECO blockchain, its
token BTCMT is traded on the MDEX exchange, and the project is a part of the
F2Pool miner pool.
“We’re grateful to our partners at Binance for the opportunity to join the
global blockchain ecosystem. And we’re delighted that BTCMT token holders will
now have even more operational options. The swiftness and popularity of
Binance are offering us this chance”, Minto representative noted.
As the company explained, BTCMT token holders will be able to conduct the
whole range of operations within the Binance ecosystem. The BTC earned during
mining will be converted into BTCB, thus the mined BTC will be stored in one
of the most reliable and popular blockchains.
Minto is also planning to install some of the project’s mining data centers in
the Binance Pool, thus further increasing the shared capabilities for BTC
mining.
Binance is a leading worldwide blockchain ecosystem and provider of
cryptocurrency infrastructure with a range of available financial products,
which includes the largest exchange for trading digital assets. The average
daily turnover exceeds $2 billion.
Minto was founded by entrepreneurs with years of mining experience, with
headquarters located in Dubai, UAE.
The combined power of Minto’s Bitcoin miners surpasses 1 million TH/s. And the
amount of investments in the project is reported to exceed $60 million. The
hardware mines Bitcoin, while every BTCMT token is backed by Bitcoin’s mining
capabilities of 0.01 TH/s. Minto’s hash rate is verified by one of the largest
mining pools - F2Pool.
The approach used to mine BTC by Minto is eco-friendly, as its data center is
powered by a local hydroelectric power plant. Moreover, as a part of its
strategy to minimize its carbon footprint, it plans to recycle old ASIC miners
and upcycle their components.
Owning BTCMT is equivalent to owning the respective mining capacity. By
staking BTCMT, token holders receive a daily portion of bitcoins proportionate
to their share in computing power.
In April Minto revealed a new service called autofarming (also known as auto
staking). It automatically converts BTC earned on staking into BTCMT tokens,
thus increasing the principal amount of tokens staked. It means that the
resulting returns on investments will increase significantly.
The closest analogy would be the capitalization of a banking deposit, where a
percentage of the main deposit is added to it, further increasing its
profitability.
Also in April, Minto’s hashrate was increased by 10% by connecting additional
mining capacities to the project, which instantly increased the income of
platform users by 10%. After that, the total Minto hashrate available to users
has reached 55 PH/s.
Minto is based on the idea of making mining accessible to the common man.
Having built a powerful mining infrastructure, Minto proposed an innovative
concept of hashrate tokenization. Now every user can buy Bitcoin hashrate (a
piece of a mining farm) in the amount they need, and get their first mining
reward in just 2 days.
User preferences and needs are the main priority for Minto, which is
especially proud of the fact that its technology allows users to start mining
with any initial amount. For more details, please visit the
website: https://minto.finance/
