Minter is a blockchain that lets people, projects, and companies create and manage their own coins and exchange them at a fair price with absolute and instant liquidity.

The blockchain is developed with Tendermint consensus engine inside, the technology behind Cosmos Network that makes Minter automatically compatible with many ongoing and upcoming projects of this promising ecosystem.

Minter’s native coin BIP aims to fulfill the real-world market needs, including fast settlements among mobile users, low transaction fees (or even transferring funds free of charge), and a solid supply of 10 billion BIPs.

Designed with mass adoption requirements in mind, the Minter network is able to deliver over 1,000 transactions a second right from the start and plans to reach a 5,000–10,000 TX/sec goal within a year.

The only requirement for staking BIP is the minimal stake in the selected validator. There are only 1000 slots per validator, so, the amount of BIP you have must be bigger than the current stake in slot number 1000.

The individual Minter rewards depends on the Block Rewards, Block Time, Transaction Fees and Total Staked.

Every block one staker is randomly selected to validate a block. The block reward and transaction fees are accrued into a pool. Every 120th block the reward pool is distributed between all active validators after deducting a 10% commission for the DAO and a 10% commission for Developers. Validators are then distributing the rewards to their delegators after deducting their commission.

In our Staking Calculator you can play with the above mentioned metrics to understand the dynamics and create all kinds of reward scenarios.

Staking in Minter can be done by running a validator node, which requires a sophisticated infrastructure setup, or very easy by delegating to one of the Staking Providers.

Follow these steps to delegate BIP:

• Create a wallet in web, iOS or Android
• Study the list of available validators (Minterscan , Monster’s Ranking, Interchain) and pick the one that is the most reliable and with the commission that fits you best
• Copy the validators address (starts with Mp…) and insert it in your wallet.
• Select the amount of coins that you want to delegate and click send. Bingo!

Don’t forget to re-delegate the rewards once per 24 hours to get the highest profit possible.