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What is Minterest? First Lending Project to Share 100% of Revenue to Community

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Minterest is one of the DeFi projects on the market that has a profit allocation mechanism focused on the interests of users. So what is special about Minterest?

What is Minterest?

Minterest is a lending project designed to provide digital asset lending and lending services with a focus on redistributing profits equitably to users on the Taiko, Ethereum and Mantle blockchains.

The highlight of Minterest lies in the mechanism of 100% redistribution of the value obtained from the fees back to the ecosystem participants. Minterest aims to generate sustainable and equitable returns, optimizing benefits for both borrowers, lenders, and participants staking tokens of the protocol.

 

How Minterest Works

Minterest automatically collects fees from activities such as interest rates, flash loans and liquidation fees. Rather than letting these fees belong to a small group, the protocol uses an automated buy-back mechanism, which converts the fees into MINTY native tokens, which are then redistributed to stakeholder and admin participants.

Moreover, Minterest automates the entire process of liquidation of assets, independent of third parties, which optimizes the value obtained and minimizes risks for users.

The Minterest ecosystem focuses not only on generating profits but also on building sustainability by attracting long-term participation from the community.

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Minterest is audited by top security companies. Source: Minterest

In addition, Minterest is audited by leading security organizations such as Trail of Bits, Peckshield, Hacken and Zokyo, ensuring security and strengthening trust on the part of users.

Tokenomics by MINTY

Details about MINTY Token

  • Nome di token: Minterest Token
  • Ticker: MINTY
  • Token Default: ERC-20
  • Contracts: Actualización...
  • Tipo de token: Utilità
  • Total Supply: 65.9 million MINTY
  • Circulating Supply: Actualización...

ALLOCATION DE TOKEN MINTY

In early 2024, the total supply of Minterest was reduced from 100 million MINTY to 65.9 million MINTY (formerly MNT) through the burning of one-third of the supply. This process simplified tokenomics by shortening the token issuance schedule to five years. This decision has a significant impact, in order to benefit all Minterest stakeholders

Project team and investors

Project Team

Minterest's project team includes many members with long experience in the financial and crypto industry such as:

  • CEO Kyn Chaturvedi:He served as Director of Business Development at TomoChain, Southeast Asia's largest public blockchain, with more than 15 years of experience in game development.
  • CTO Denis Romanovsky:Minterest's Chief Technology Officer has been a holistic solutions architect and blockchain engineer, with experience in designing protocol architectures for both Substrate and Solidity platforms.
  • Veiko Krunberg, CMO:Minterest's marketing manager has more than 20 years of experience in marketing management, has tripled customer loyalty and increased the average lifecycle value by 10x for Olybet, helping the company reach an annual revenue of EUR 100 million.

Investors

On September 16, 2021, Minterest raised $6.5 million in seed funding from well-known investors and venture capital funds, including KR1, DFG, CMS, DigiStrats, Coin98 Ventures, Bitscale Capital and many others.

Among them, KR1 is a fund that has invested in many well-known projects such as Chainlink, Ethereum, Polkadot.

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Investors of Minterest. Source: Minterest

Information about the Minterest project