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Minter

BIP

About

Minter is a blockchain network that lets people, projects, and companies create and manage their own coins.

$15,610,035

$11,616,204

72.71%

Bet your HEARTS
Will the BIP Price be higher or lower in
days ?

Higher

Lower

7d
30d
90d

-10.57%

$0.003478

Reward Options
Risk
Complexity
Reward
Adj. Reward
Minimum
Lock Up
Avg. Fee
Participating
Delegate BIP
Risk
moderate
Complexity
easy
Reward
31.57%
Minimum
-
Lock Up
30 d
Participating
-
Adj. Reward
-0.6%
Avg. Fee
10%
Run a Validator Node
Risk
risky
Complexity
professional
Reward
35.08%
Minimum
675,199
Lock Up
30 d
Participating
-
Adj. Reward
2.91%
Avg. Fee
-

Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 BIP

Est. Yearly Earning

$0

0 BIP

FAQ's

  • How to stake BIP?

    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.

  • How much can I earn staking BIP?

    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.

  • What are the requirements to stake BIP?

    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.

  • Is there any risk to stake BIP?

    Besides the risk of private key loss, there is a slashing mechanism which can happen in two cases:

              Double signing: If someone reports on chain A that a validator signed two blocks at the same height on chain A and chain B, this validator will get slashed on chain A

              Unavailability: If a validator’s signature has not been included in the last 12 blocks, 1% of stake will get slashed and validator will be turned off

     Though, the majority of validators have software tools that protect their stakes from slashing – the validator will automatically turn off and stake burning will be prevented.

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Last updated: 2021-09-20 23:44:14