Introduction to ( White paper) MINIBTC Cross-chain SWAP

Admin

Staff member
Administrative
WMBTC
100
Problem Statement
Despite the potential economic benefits of decentralized exchanges, their existence comes with some serious baggage.
The complexity of processing orders through smart contracts leads to high transaction costs.
Some exchange operators are pushing for cross-chain bridging, which would allow people with limited crypto assets to easily connect to decentralized networks but due to the number of tokens that can be listed on various exchanges, traders have to transfer their coins between multiple chains. This can be costly and inconvenient.
Decentralized exchanges have failed to win over mainstream institutions and retail investors, because the fees are high—and highly variable—and the user experience is confusing.
For Example:
A trader wants to buy Ethereum on Coinbase and transfer it to Polygon or Binance. Unfortunately, this is not an easy process to follow, at least not without going through a multi-step process and paying a high bridging fee. So, dealing with the cross-chain bridging problem “is the next important step forward” to building the crypto-community.
With the launch of MiniBTC Cross-Chain Swap, it is hoped that users will be able to transact with any type of token across various blockchains without having to pay high bridging fee.
Similarly, new crypto enthusiasts and beginner traders are having difficulty understanding the DEX interface, which is pulling out most of the traders from the DEX. Usability is important, if we want mass adoption. Users need to get the same look and feel, as they’re used to on any regular trading platform.
Back then, websites were built with an awkward and slow UI. Today, even modern DEX is similar to old websites,
their UIs are still not ideal. Due to the complex UI, the use of rexperience of decentralized exchanges is often described as poor. New crypto traders journey is very similar to the early days of the Internet.
MINIBTC DEX will focus on these holes, building a simple user interface, that helps anyone to accelerate their trading by making it easy to trade or invest in crypto.
We focus on decentralization that allows people to transact with low fees and across different blockchains.
Proponents of the decentralized model of crypto custody and trading often refer to the Law of Private Keys, which is where investors can maintain their private keys. This is fine and good, but is it practical to widespread adoption?
Over the last 8 years, cybercriminals have stolen at least $15 billion in crypto, because security measures of Crypto wallets are often not up to the quality standards. Crypto beginners are not well versed with modern crypto wallets and it's UI. In order to swap any crypto using DEX, one has to use different platforms in order to execute the transaction.
This is where MINIBTC DEX comes to play, MINIBTC DEX integrates both cross-chain crypto swap, and secure wallet features in one Dapps, including the Algotrading system to make traders more profitable. This is why we are building MINIBTC Network; for the DEX to facilitate peer-to-peer trading to the mass of the people by relying on automated smart contracts to execute trades without an intermediary. We are building a simple-to-use all-in-one platform. You will be able to swap, store your digital assets securely and also provide liquidity for tokens, farm tokens, stake tokens, and trade your tokens for high ROI.

Без имени-1.png

MINIBTC NETWORK & MBSW TOKEN
Introdution


Cryptocurrencies are transforming the financial marketplace and are projected to unfold exponentially in a few years. MINIBTC network development team understands the potential of blockchain and the defi application in the modern world.
MINIBTC Network is launched as a prototype for automated market makers (AMMs), a type of exchange where anyone can pool assets into shared market-making strategies. Users will be able to store their crypto in a secure crypto wallet and swap any token in an instant with a minimum transaction fee using the same platform.
MINIBTC Network will serve as critical infrastructure for decentralized finance, empowering developers, traders, and liquidity providers to participate in a secure
and robust financial marketplace. Our aim is to build protocols, infrastructure, and user-facing products for the future of finance. MBSW is a hyper-deflationary utility token for the upcoming MINIBTC Defi Application platform. Investors, holders and traders can feel safe with increased security measures in our technology. Additionally, a limited supply of the coin and constant burn results in high demand of tokens ensuring a high value of MBSW utility token.

Без имени-2.png
Why MINIBTC Network?

Over the last 8 years, cybercriminals have stolen at least $15 billion in crypto from different exchanges and crypto-wallets. As the market is booming, no one wants to lose all that stored value. So, figuring out how to safely store digital assets is on our minds. Our mission is to create a secured mobile & web wallet including Crypto Swap in one platform which will not only serve as a means of gaining wallet market share, but also as a battleground for mind share. With a lot of skepticism circling the crypto market, why another new crypto coin? MBSW Token is not just a digital asset in the crypto market. Our analysis and research over the years have aided in our mission to make “Crypto for all” possible. Unlike its predecessor MBSW utility token developer team has designed the UI experience to a different level better for a starter and an ex-pat on crypto. Our goal is to make crypto available to all and ensure their investment return with profits with time. Low transaction fees, constant token burn with an enhanced UI experience is the next generational demand of a crypto market. MBSW token focuses on securing its value with a limited supply at first with constant deflation to increase demand in the market. A minimum gas fee and low slippage allow users to swap MBSW tokens across any platform easily and the transaction fee is added to the liquidity pool contributing to further value addition to the token.
MBSW aims to provide a crucial infrastructure to facilitate Defi application, an effort in making a fair and secure decentralized financial market. We aim at addressing the next generational need for sophisticated and more advanced Defi applications. We firmly believe that you should be a part of the future in the making, with no doubts Crypto becoming mainstream currencies. We strive to operate on every blockchain that is worth it, MINIBTC has launched and is currently available on Binance Smart Chain, and additional blockchains (Polygon, Ethereum, Fantom etc.) will be available according to the development and product plans.

USES OF MBSW TOKEN

MINIBTC utilizes the native MBSW token through delegated Proof-of-Stake and settlement for transaction fees.MBSW token is based on the Binance blockchain. Users will be required to stake MBSW tokens to earn the rewards or use tokens for crypto swaps and settlements. MINIBTC L2 provides a low-fee, high-speed platform for trading, swapping, and storing digital assets. The token initially enables traders to announce their availability and also functions as a way for contributors to participate in governance and development. MBSW is the gateway to joining and contributing to the MINIBTC community. MINIBTC curates a peer-to-peer network for trading digital assets: a novel design that protects traders from counter party risk, price slippage, and front running. Any market participant can discover others and trade directly peer-to-peer using a combination of web protocols and smart contracts.

VALUES
  • Quality — We craft our platforms that are thoughtful, elegant and secure. We envision and create the best form of each protocol and product that we deliver.
  • Transparency — Decisions are made in the open and contributions are open source. New information is continuously and actively shared throughout.
  • Inclusion — All contribution opportunities are accessible and inclusive. Every community member is treated fairly and rewarded consistently.
  • Automation — We strive to run organizational processes and execute relevant tasks entirely automatically using trustless and transparent tools.

MINIBTC SWAP - DEX
TRADE

Instantly swap crypto tokens without any registration or account needed.

LOW fees
Our MINIBTC Crypto Swap will run on the Binance Smart Chain network, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges too which will be a gamechanger with max profit booking. In order to achieve the Cross-Chain goal, MBSW will be further deployed in different blockchain Layer-2 Solutions.

MINIBTC AMM
An Automated Market Maker is a decentralized exchange and a liquidity aggregator that enables order-matching without using a standard order book. It uses smart contracts to automatically determine the asset price at any given moment.
MINIBTC (DEX) protocol relies on a mathematical formula to price assets as shown below. x*y=k for the liquidity pools, where x represents the first token A, y represents the second token B k must be maintained by traders wishing to withdraw the second token B by depositing the first token A proportionally. The fees are charged separately, deep liquidity reduces slippage and price impact.

Yield farming
Yield farmers function as mini-banks within a decentralized network. Specifically, they take the place of centralized lenders.
For the process to work and remain decentralized, MINIBTC liquidity pools are used to hold many people’s funding at once. Lenders lock their cryptocurrency up in contracts in exchange for rewards. For example, if you hold MBSW you can vote on governance actions proposed by the MINIBTC community through its decentralized autonomous organization (DAO). Each proposal is coded into a smart contract and when it receives the required amount of votes, changes to the blockchain are executed immediately. DAO is like any traditional organization, let’s say Uber or Google. The big difference is that it’s autonomous. It operates completely transparently and independently of any human intervention including its original creators. No boss, only results. These smart contracts will trigger invoices, transfer funds, swap, exchange, and collect payment. And the smart contract running the DAO would use the amount collected to maintain the token’s value and adjust the price according to its cost. No middle man is more efficient and more streamlined. Much like traditional companies, MINIBTC will have stakeholders that vote on changes. While it runs autonomously stakeholders can vote to influence decisions and direction using their token or stake in the company.

GOVERNANCE
On-Chain Governance Mechanisms

on-chain governance is a mechanism that enables a decentralized community to update a blockchain by voting directly on-chain. On-chain governance for a
blockchain ecosystem typically takes place on Proof-of-Stake blockchains in the form of a vote, and you usually must hold the blockchain’s native coin to participate in its governance. Our stakeholders are allowed to change MINIBTC Network laws and processes. Because there is no centralized authority, MINIBTC decentralized networks and platforms rely on increasingly innovative governance mechanisms to make decisions on updates and roadmaps and to resolve disputes in an equitable and inclusive manner. The weight of your vote is determined by the number of tokens you hold. The stakeholders in on-chain governance typically include users, developers, and transaction validators. For example, if you hold MBSW, you can vote on governance actions proposed by the MINIBTC community through its decentralized autonomous organization (DAO). Each proposal is coded into a smart contract and when it receives the required amount of votes, changes to the blockchain are executed immediately. DAO is like any traditional organization, let’s say Uber or Google. The big difference is that it’s autonomous. It operates completely transparently and independently of any human intervention including its original creators. No boss, only results. These smart contracts will trigger invoices, transfer funds, swap, exchange, and collect payment. And the smart contract running the DAO would use the amount
collected to maintain the token’s value and adjust the price according to its cost. No middle man is more efficient and more streamlined.
Much like traditional companies, MINIBTC will have stakeholders that vote on changes. While it runs autonomously stakeholders can vote to influence decisions and direction using their token or stake in the company.

GOVERNANCE
During Q2 2022, MINIBTCDAO will be effective as shown in our road map, and be perfectly structured to provide every investor an opportunity in shaping the
organization’s future. There’s no hierarchical structure, which means every innovative idea can be put forward by anyone and considered by the entire organization.

ROLES
MINIBTC itself is a community asset owned by its token (MBSW) holders, operating as an open project with a transparent decision-making and product development process. Both the network technology and organization aim to be maximally decentralized. Community members stake MBSW tokens (MBSW) to participate in governance and other community activities and benefits. Ideating, drafting, voting on, and accepting proposals is an open process. MINIBTC is accessible, equitable, and transparent. Every participant and contributor is treated fairly and rewarded consistently. All opportunities are inclusive and available. Decisions are made in the open and contributions are open source. New information is continuously and actively shared throughout. There are lots of ways to get involved in MINIBTC Network, from generating ideas, to coordinating projects, contributing to design and code, and helping to spread the word.

  • Voters stake MBSW Tokens (MBSW) to vote on the future roadmap of MINIBTC Network
  • Authors draft and propose new projects and protocols for the community to vote on
  • Developers build new features and products which have been voted in by the community
  • Ambassadors bring community-built software to a wider audience

 
Last edited by a moderator:

WMBTC

Diamond Hands
WMBTC
30
Problem Statement
Despite the potential economic benefits of decentralized exchanges, their existence comes with some serious baggage.
The complexity of processing orders through smart contracts leads to high transaction costs.
Some exchange operators are pushing for cross-chain bridging, which would allow people with limited crypto assets to easily connect to decentralized networks but due tothe number of tokens that can be listed on various exchanges, traders have to transfer their coins between multiple chains. This can be costly and inconvenient.
Decentralized exchanges have failed to win over mainstream institutions and retail investors, because the fees are high—and highly variable—and the user experience is confusing.
For Example:
A trader wants to buy Ethereum on Coinbase and transfer it to Polygon or Binance. Unfortunately, this is not an easy process to follow, at least not without going through a multi-step process and paying a high bridging fee. So, dealing with the cross-chain bridging problem “is the next important step forward” to building the crypto-community.
With the launch of MiniBTC Cross-Chain Swap, it is hoped that users will be able to transact with any type of token across various blockchains without having to pay high bridging fee.
Similarly, new crypto enthusiasts and beginner traders are having difficulty understanding the DEX interface, which is pulling out most of the traders from the DEX. Usability is important, if we want mass adoption. Users need to get the same look and feel, as they’re used to on any regular trading platform.
Back then, websites were built with an awkward and slow UI. Today, even modern DEX is similar to old websites,
their UIs are still not ideal. Due to the complex UI, the use ofrexperience of decentralized exchanges is often described as poor. New crypto traders journey is very similar to the early days of the Internet.
MINIBTC DEX will focus on these holes, building a simple user interface, that helps anyone to accelerate their trading by making it easy to trade or invest in crypto.
We focus on decentralization that allows people to transact with low fees and across different blockchains.
Proponents of the decentralized model of crypto custody and trading often refer to the Law of Private Keys, which is where investors can maintain their private keys. This is fine and good, but is it practical to widespread adoption?
Over the last 8 years, cybercriminals have stolen at least $15 billion in crypto, because security measures of Crypto wallets are often not up to the quality standards. Crypto beginners are not well versed with modern crypto wallets and it's UI. In order to swap any crypto using DEX, one has to use different platforms in order to execute the transaction.
This is where MINIBTC DEX comes to play, MINIBTC DEX integrates both cross-chain crypto swap, and secure wallet features in one Dapps, including the Algotrading system to make traders more profitable. This is why we are building MINIBTC Network; for the DEX to facilitate peer-to-peer trading to the mass of the people by relying on automated smart contracts to execute trades without an intermediary. We are building a simple-to-use all-in-one platform. You will be able to swap, store your digital assets securely and also provide liquidity for tokens, farm tokens, stake tokens, and trade your tokens for high ROI.


MINIBTC NETWORK & MBSW TOKEN
Introdution


Cryptocurrencies are transforming the financial marketplace and are projected to unfold exponentially in a few years. MINIBTC network development team understands the potential of blockchain and the defi application in the modern world.
MINIBTC Network is launched as a prototype for automated market makers (AMMs), a type of exchange where anyone can pool assets into shared market-making strategies. Users will be able to store their crypto in a secure crypto wallet and swap any token in an instant with a minimum transaction fee using the same platform.
MINIBTC Network will serve as critical infrastructure for decentralized finance, empowering developers, traders, and liquidity providers to participate in a secure
and robust financial marketplace. Our aim is to build protocols, infrastructure, and user-facing products for the future of finance. MBSW is a hyper-deflationary utility token for the upcoming MINIBTC Defi Application platform. Investors, holders and traders can feel safe with increased security measures in our technology. Additionally, a limited supply of the coin and constant burn results in high demand of tokens ensuring a high value of MBSW utility token.

Why MINIBTC Network?

Over the last 8 years, cybercriminals have stolen at least $15 billion in crypto from different exchanges and crypto-wallets. As the market is booming, no one wants to lose all that stored value. So, figuring out how to safely store digital assets is on our minds. Our mission is to create a secured mobile & web wallet including Crypto Swap in one platform which will not only serve as a means of gaining wallet market share, but also as a battleground for mind share. With a lot of skepticism circling the crypto market, why another new crypto coin? MBSW Token is not just a digital asset in the crypto market. Our analysis and research over the years have aided in our mission to make “Crypto for all” possible. Unlike its predecessor MBSW utility token developer team has designed the UI experience to a different level better for a starter and an ex-pat on crypto. Our goal is to make crypto available to all and ensure their investment return with profits with time. Low transaction fees, constant token burn with an enhanced UI experience is the next generational demand of a crypto market. MBSW token focuses on securing its value with a limited supply at first with constant deflation to increase demand in the market. A minimum gas fee and low slippage allow users to swap MBSW tokens across any platform easily and the transaction fee is added to the liquidity pool contributing to further value addition to the token.
MBSW aims to provide a crucial infrastructure to facilitate Defi application, an effort in making a fair and secure decentralized financial market. We aim at addressing the next generational need for sophisticated and more advanced Defi applications. We firmly believe that you should be a part of the future in the making, with no doubts Crypto becoming mainstream currencies. We strive to operate on every blockchain that is worth it, MINIBTC has launched and is currently available on Binance Smart Chain, and additional blockchains (Polygon, Ethereum, Fantom etc.) will be available according to the development and product plans.

USES OF MBSW TOKEN

MINIBTC utilizes the native MBSW token through delegated Proof-of-Stake and settlement for transaction fees.MBSW token is based on the Binance blockchain. Users will be required to stake MBSW tokens to earn the rewards or use tokens for crypto swaps and settlements. MINIBTC L2 provides a low-fee, high-speed platform for trading, swapping, and storing digital assets. The token initially enables traders to announce their availability and also functions as a way for contributors to participate in governance and development. MBSW is the gateway to joining and contributing to the MINIBTC community. MINIBTC curates a peer-to-peer network for trading digital assets: a novel design that protects traders from counter party risk, price slippage, and front running. Any market participant can discover others and trade directly peer-to-peer using a combination of web protocols and smart contracts.

VALUES
  • Quality — We craft our platforms that are thoughtful, elegant and secure. We envision and create the best form of each protocol and product that we deliver.
  • Transparency — Decisions are made in the open and contributions are open source. New information is continuously and actively shared throughout.
  • Inclusion — All contribution opportunities are accessible and inclusive. Every community member is treated fairly and rewarded consistently.
  • Automation — We strive to run organizational processes and execute relevant tasks entirely automatically using trustless and transparent tools.

MINIBTC SWAP - DEX
TRADE

Instantly swap crypto tokens without any registration or account needed.

LOW fees
Our MINIBTC Crypto Swap will run on the Binance Smart Chain network, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges too which will be a gamechanger with max profit booking. In order to achieve the Cross-Chain goal, MBSW will be further deployed in different blockchain Layer-2 Solutions.

MINIBTC AMM
An Automated Market Maker is a decentralized exchange and a liquidity aggregator that enables order-matching without using a standard order book. It uses smart contracts to automatically determine the asset price at any given moment.
MINIBTC (DEX) protocol relies on a mathematical formula to price assets as shown below. x*y=k for the liquidity pools, where x represents the first token A, y represents the second token B k must be maintained by traders wishing to withdraw the second token B by depositing the first token A proportionally. The fees are charged separately, deep liquidity reduces slippage and price impact.

Yield farming
Yield farmers function as mini-banks within a decentralized network. Specifically, they take the place of centralized lenders.
For the process to work and remain decentralized, MINIBTC liquidity pools are used to hold many people’s funding at once. Lenders lock their cryptocurrency up in contracts in exchange for rewards. For example, if you hold MBSW you can vote on governance actions proposed by the MINIBTC community through its decentralized autonomous organization (DAO). Each proposal is coded into a smart contract and when it receives the required amount of votes, changes to the blockchain are executed immediately. DAO is like any traditional organization, let’s say Uber or Google. The big difference is that it’s autonomous. It operates completely transparently and independently of any human intervention including its original creators. No boss, only results. These smart contracts will trigger invoices, transfer funds, swap, exchange, and collect payment. And the smart contract running the DAO would use the amount collected to maintain the token’s value and adjust the price according to its cost. No middle man is more efficient and more streamlined. Much like traditional companies, MINIBTC will have stakeholders that vote on changes. While it runs autonomously stakeholders can vote to influence decisions and direction using their token or stake in the company.

GOVERNANCE
On-Chain Governance Mechanisms

on-chain governance is a mechanism that enables a decentralized community to update a blockchain by voting directly on-chain. On-chain governance for a
blockchain ecosystem typically takes place on Proof-of-Stake blockchains in the form of a vote, and you usually must hold the blockchain’s native coin to participate in its governance. Our stakeholders are allowed to change MINIBTC Network laws and processes. Because there is no centralized authority, MINIBTC decentralized networks and platforms rely on increasingly innovative governance mechanisms to make decisions on updates and roadmaps and to resolve disputes in an equitable and inclusive manner. The weight of your vote is determined by the number of tokens you hold. The stakeholders in on-chain governance typically include users, developers, and transaction validators. For example, if you hold MBSW, you can vote on governance actions proposed by the MINIBTC community through its decentralized autonomous organization (DAO). Each proposal is coded into a smart contract and when it receives the required amount of votes, changes to the blockchain are executed immediately. DAO is like any traditional organization, let’s say Uber or Google. The big difference is that it’s autonomous. It operates completely transparently and independently of any human intervention including its original creators. No boss, only results. These smart contracts will trigger invoices, transfer funds, swap, exchange, and collect payment. And the smart contract running the DAO would use the amount
collected to maintain the token’s value and adjust the price according to its cost. No middle man is more efficient and more streamlined.
Much like traditional companies, MINIBTC will have stakeholders that vote on changes. While it runs autonomously stakeholders can vote to influence decisions and direction using their token or stake in the company.

GOVERNANCE
During Q2 2022, MINIBTCDAO will be effective as shown in our road map, and be perfectly structured to provide every investor an opportunity in shaping the
organization’s future. There’s no hierarchical structure, which means every innovative idea can be put forward by anyone and considered by the entire organization.

ROLES
MINIBTC itself is a community asset owned by its token (MBSW) holders, operating as an open project with a transparent decision-making and product development process. Both the network technology and organization aim to be maximally decentralized. Community members stake MBSW tokens (MBSW) to participate in governance and other community activities and benefits. Ideating, drafting, voting on, and accepting proposals is an open process. MINIBTC is accessible, equitable, and transparent. Every participant and contributor is treated fairly and rewarded consistently. All opportunities are inclusive and available. Decisions are made in the open and contributions are open source. New information is continuously and actively shared throughout. There are lots of ways to get involved in MINIBTC Network, from generating ideas, to coordinating projects, contributing to design and code, and helping to spread the word.

  • Pemilih mempertaruhkan Token MBSW (MBSW) untuk memberikan suara pada peta jalan masa depan Jaringan MINIBTC
  • Penulis menyusun dan mengusulkan proyek dan protokol baru bagi komunitas untuk dipilih
  • Pengembang membangun fitur dan produk baru yang telah dipilih oleh komunitas
  • Duta membawa perangkat lunak buatan komunitas ke audiens yang lebih luas

I see that miniBTC has less fans. There is also no supply circulation. I see history on COINMARKETCAP MiniBTC keeps going down. How long do you want it to be like this? We need a clear web and project.
 
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