📢News of the week
Briefly on the main news this week.
🌿Mining types
Mining can be of the following types:
💫Mining on video cards
💫ASIC mining
💫Browser-based mining
💫Cloud mining
⛅️Minto is the next generation of cloud mining. We save you from all the expenses and inconveniences of traditional mining and offer an asset in the form of BTCMT tokens. BTCMT is a part of mining that you can stake and receive mining rewards in return, either sell it and earn on the price change.
🌿What is hashrate? How is it related to the types of mining?
Hashrate is the total computing power of the mining equipment used in the process of cryptocurrency mining.
📌Hashrate is closely related to mining difficulty. The mining difficulty shows how challenging it is to perform a mathematical calculation for a new block.
The more computing power (miners) take part in the mining, the higher the hashrate and so the difficulty of mining, and vice versa.
Read more: https://medium.com/@btcmtofficial/news-of-the-week-c87d03816dc0
Briefly on the main news this week.
🌿Mining types
Mining can be of the following types:
💫Mining on video cards
💫ASIC mining
💫Browser-based mining
💫Cloud mining
⛅️Minto is the next generation of cloud mining. We save you from all the expenses and inconveniences of traditional mining and offer an asset in the form of BTCMT tokens. BTCMT is a part of mining that you can stake and receive mining rewards in return, either sell it and earn on the price change.
🌿What is hashrate? How is it related to the types of mining?
Hashrate is the total computing power of the mining equipment used in the process of cryptocurrency mining.
📌Hashrate is closely related to mining difficulty. The mining difficulty shows how challenging it is to perform a mathematical calculation for a new block.
The more computing power (miners) take part in the mining, the higher the hashrate and so the difficulty of mining, and vice versa.
Read more: https://medium.com/@btcmtofficial/news-of-the-week-c87d03816dc0
🎉Congratulations to the participants!🎉
Recently we held a BTCMT token draw supporting the legalization of BTC in El Salvador.
💰We gave 1 BTCMT for the purchase of BTC, equal to $30!
💥Congratulations to the participants! Even though 1 BTCMT is not that much, still, it opens the door to carefree and convenient mining and receiving income.
📍If you did not happen to receive a free token, you still can buy it at a lower price in the presale: https://minto.finance/presale
Recently we held a BTCMT token draw supporting the legalization of BTC in El Salvador.
💰We gave 1 BTCMT for the purchase of BTC, equal to $30!
💥Congratulations to the participants! Even though 1 BTCMT is not that much, still, it opens the door to carefree and convenient mining and receiving income.
📍If you did not happen to receive a free token, you still can buy it at a lower price in the presale: https://minto.finance/presale
🚀Educational course by Minto
Dear friends! We noticed that you have some questions about the industry and our project in particular, so we decided to do a short educational course for you to fill gaps.
💫🙌The course will be helpful for both beginners and experienced users. You will find answers to essential questions on industry such as decentralized finance, crucial metrics, and working with the Minto platform.
💙We will publish educational posts in a week. Every day you will be asked to pass 2 tests to consolidate the gains and check yourself.
We really hope the course will come in handy! Share your thoughts and impressions in the chat.
Dear friends! We noticed that you have some questions about the industry and our project in particular, so we decided to do a short educational course for you to fill gaps.
💫🙌The course will be helpful for both beginners and experienced users. You will find answers to essential questions on industry such as decentralized finance, crucial metrics, and working with the Minto platform.
💙We will publish educational posts in a week. Every day you will be asked to pass 2 tests to consolidate the gains and check yourself.
We really hope the course will come in handy! Share your thoughts and impressions in the chat.
📢What is DeFi and what are its advantages?
💎DeFi or decentralized finance are financial tools built on the blockchain.
Decentralized finance has been created as an alternative to traditional centralized banking and other services to make access to finance more convenient, easier, and possible for everyone. There are 12 decentralized finance areas.
💰The advantages of DeFi are simplicity, accessibility, transparency, system stability, and total control over your assets.
▪️Read more about DeFi on our Medium: https://medium.com/@btcmtofficial/defi-or-decentralized-finance-are-financial-tools-built-on-the-blockchain-b763c16d5b60?postPublishedType=initial
💎DeFi or decentralized finance are financial tools built on the blockchain.
Decentralized finance has been created as an alternative to traditional centralized banking and other services to make access to finance more convenient, easier, and possible for everyone. There are 12 decentralized finance areas.
💰The advantages of DeFi are simplicity, accessibility, transparency, system stability, and total control over your assets.
▪️Read more about DeFi on our Medium: https://medium.com/@btcmtofficial/defi-or-decentralized-finance-are-financial-tools-built-on-the-blockchain-b763c16d5b60?postPublishedType=initial
📍Check yourself - pass the test!
1.The most common direction of decentralized finance is:
1.The most common direction of decentralized finance is:
Anonymous Poll
15%
lending
15%
DAO
54%
exchanges and liquidity providers
0%
prediction market
15%
insurance
2. Which of the following points is not among the decentralized finance advantages:
Anonymous Poll
13%
fast payment processing
7%
any transaction 24/7
0%
access to the DeFi service code
7%
no geographic restrictions
73%
centralized governance
✨ What are APR and APY✨
Let's find out the difference between APR and APY within the framework of investments.
📍APR stands for annual percentage rate. APR shows the accrued interest per year.
📍APY stands for annual percentage yield. It indicates the yield of investments for 1 year.
There might be several compounding periods in a year. If the interest is applied only once a year, the APR and APY match, but this rarely happens. The more often the interest is accrued, the higher the APY will be.
Choosing an asset for investment, pay attention to APY rates and compare assets in terms of their APYs and APRs to receive accurate data.
💥To learn more about APR and APY, read our Medium: https://medium.com/@btcmtofficial/lets-find-out-the-difference-between-apr-and-apy-within-the-framework-of-investments-842dd2846d28
Let's find out the difference between APR and APY within the framework of investments.
📍APR stands for annual percentage rate. APR shows the accrued interest per year.
📍APY stands for annual percentage yield. It indicates the yield of investments for 1 year.
There might be several compounding periods in a year. If the interest is applied only once a year, the APR and APY match, but this rarely happens. The more often the interest is accrued, the higher the APY will be.
Choosing an asset for investment, pay attention to APY rates and compare assets in terms of their APYs and APRs to receive accurate data.
💥To learn more about APR and APY, read our Medium: https://medium.com/@btcmtofficial/lets-find-out-the-difference-between-apr-and-apy-within-the-framework-of-investments-842dd2846d28
💎Check yourself - pass a test!
1. Which of the following formulas calculates the annual percentage rate?
1. Which of the following formulas calculates the annual percentage rate?
Anonymous Poll
0%
(1+periodic interest rate)*number of periods - 1
0%
(1+periodic interest rate/number of periods)*number of periods - 1
100%
periodic interest rate*number of periods
0%
(1+periodic interest rate)*number of periods
0%
periodic interest rate*number of periods - 1
2. The more the number of compounding periods each year...
Anonymous Poll
50%
the higher the annual percentage yield
0%
the higher the annual percentage rate
0%
doesn't matter
25%
APY will be equal to APR
25%
APR will be higher than APY
💡What is gas, and what is it for?💡
Gas is a unit of payment for transactions on a blockchain.
🙌Decentralized applications set min and max gas fee prices depending on the complexity and importance of the transaction.
A customer sets the maximum price one is ready to pay for the transaction. If the user's maximum gas limit is lower than the displayed transaction cost, the transaction will fail. The higher the customer transaction cost, the higher the priority of this transaction and the faster it moves.✨
Blocks in the network also have gas limits, which means they can conduct a limited number of transactions per unit of time.
📍The currency for the gas fee depends on the blockchain.
Read more in our Medium: https://medium.com/@btcmtofficial/gas-is-a-unit-of-payment-for-transactions-on-a-blockchain-6dc1083eb52a
Gas is a unit of payment for transactions on a blockchain.
🙌Decentralized applications set min and max gas fee prices depending on the complexity and importance of the transaction.
A customer sets the maximum price one is ready to pay for the transaction. If the user's maximum gas limit is lower than the displayed transaction cost, the transaction will fail. The higher the customer transaction cost, the higher the priority of this transaction and the faster it moves.✨
Blocks in the network also have gas limits, which means they can conduct a limited number of transactions per unit of time.
📍The currency for the gas fee depends on the blockchain.
Read more in our Medium: https://medium.com/@btcmtofficial/gas-is-a-unit-of-payment-for-transactions-on-a-blockchain-6dc1083eb52a
💫Check yourself - pass the test!
1. Which currency is used for gas fees on the HECO blockchain?
1. Which currency is used for gas fees on the HECO blockchain?
Anonymous Poll
26%
USDT
68%
HT
0%
ETH
5%
USDC
0%
TRX
2. What determines a gas fee limit in a block?
Anonymous Poll
9%
the complexity of the transaction
45%
the number of transactions per unit of time
9%
users willingness to pay for the transaction
9%
importance of the transaction
27%
maximum allowed gas fee
🌌DeFi yield farming is a way to receive cryptocurrency using the cryptocurrency you already possess🌌
A user places cryptocurrency in a liquidity pool on a particular platform, becoming a liquidity provider, and receives rewards.
Rewards are either received in the form of fees or distributed among liquidity providers from a particular volume of particular tokens.
Metrics for profitable farming:
💫APR - annual percentage rate.
💫APY - annual percentage yield.
💫TVL - total value locked, showing the liquidity of pools. The higher the TVL, the higher the yield.
A user places cryptocurrency in a liquidity pool on a particular platform, becoming a liquidity provider, and receives rewards.
Rewards are either received in the form of fees or distributed among liquidity providers from a particular volume of particular tokens.
Metrics for profitable farming:
💫APR - annual percentage rate.
💫APY - annual percentage yield.
💫TVL - total value locked, showing the liquidity of pools. The higher the TVL, the higher the yield.
📍Check yourself - pass the test!
1. How is the user who placed tokens on a particular liquidity pool called?
1. How is the user who placed tokens on a particular liquidity pool called?
Anonymous Poll
0%
market maker
0%
trader
100%
liquidity provider
0%
arbitrator
0%
advanced user
2. What does TVL stand for?
Anonymous Poll
18%
total trading volume on a platform
82%
total liquidity of pools
0%
liquidity pool`s growth pace
0%
supply rate
0%
pool's yield
🙌Educational course is over, but there's always room for improvement!🙌
Dear friends! If you correctly passed the tests we posted this week, congratulations - you became well-versed in the topic!
However, DeFi is an incredibly diverse and complex topic, so we want to share with you five valuable articles from the crypto industry whales to expand the boundaries of your knowledge.
🔴An Overview of Bitcoin's Price History
🟢How to protect yourself from DeFi hackers
🔵What is Huobi Token (HT)
🟣The Most Trusted Way to Access, Store and Swap Tokens Just Went Mobile
🟡Binance Smart Chain vs. Ethereum: What's the Difference?
Share your impressions of the course!
Dear friends! If you correctly passed the tests we posted this week, congratulations - you became well-versed in the topic!
However, DeFi is an incredibly diverse and complex topic, so we want to share with you five valuable articles from the crypto industry whales to expand the boundaries of your knowledge.
🔴An Overview of Bitcoin's Price History
🟢How to protect yourself from DeFi hackers
🔵What is Huobi Token (HT)
🟣The Most Trusted Way to Access, Store and Swap Tokens Just Went Mobile
🟡Binance Smart Chain vs. Ethereum: What's the Difference?
Share your impressions of the course!
📢A guide on How to Make a Cross-Chain Transfer to Metamask if you have USDT BEP-20, BEP-2, ERC-20, TRC-20 or Algorand
We draw a detailed guide on transferring USDT tokens of BEP-20, BEP-2, ERC-20, TRC-20, or Algorand to USDT (HECO).
💛To purchase BTCMT tokens, you should have USDT (HECO).
In our guide, we consider Huobi Global as an example, describe transfer for each standard step by step, and tell how to transfer USDT from Huobi Global to Metamask.
🔷The full text of the guide is available on the link: https://medium.com/@btcmtofficial/how-to-make-a-cross-chain-transfer-to-metamask-if-you-have-usdt-bep-20-bep-2-erc-20-trc-20-or-b070ac0fb6a0
🔺Feel free to write us in telegram- chat for all issues:
https://t.me/btcmtofficial
We draw a detailed guide on transferring USDT tokens of BEP-20, BEP-2, ERC-20, TRC-20, or Algorand to USDT (HECO).
💛To purchase BTCMT tokens, you should have USDT (HECO).
In our guide, we consider Huobi Global as an example, describe transfer for each standard step by step, and tell how to transfer USDT from Huobi Global to Metamask.
🔷The full text of the guide is available on the link: https://medium.com/@btcmtofficial/how-to-make-a-cross-chain-transfer-to-metamask-if-you-have-usdt-bep-20-bep-2-erc-20-trc-20-or-b070ac0fb6a0
🔺Feel free to write us in telegram- chat for all issues:
https://t.me/btcmtofficial
🙌❓Gate or Huobi Global - which is a better way to buy HT?
HT is our partner Huobi Global token. It is used to pay a Gas fee when buying BTCMT or staking on the Minto platform.
HT is available on two platforms - Huobi Global and Gate.
Peculiarities of buying on these two platforms:
🔵Huobi Global:
🔷registration required
🔷minimal number of tokens to withdraw - 2.0088 HT
🔷low HT price
🟠Gate:
🔶registration required
🔶minimal number of tokens to withdraw - 0.45 HT
🔶territorial restrictions: Washington (USA), New York (USA), Cuba, Iran, North Korea, Sudan, Syria, Pakistan, Crimea, Thailand, Venezuela
🔶higher HT price
Choose the platform depending on the volume of transactions on the Minto platform you will be conducting.
🚩Read a guide on how to buy HT on both platforms:
https://medium.com/@btcmtofficial/a-guide-on-how-and-why-to-buy-ht-19b3b024f77d
HT is our partner Huobi Global token. It is used to pay a Gas fee when buying BTCMT or staking on the Minto platform.
HT is available on two platforms - Huobi Global and Gate.
Peculiarities of buying on these two platforms:
🔵Huobi Global:
🔷registration required
🔷minimal number of tokens to withdraw - 2.0088 HT
🔷low HT price
🟠Gate:
🔶registration required
🔶minimal number of tokens to withdraw - 0.45 HT
🔶territorial restrictions: Washington (USA), New York (USA), Cuba, Iran, North Korea, Sudan, Syria, Pakistan, Crimea, Thailand, Venezuela
🔶higher HT price
Choose the platform depending on the volume of transactions on the Minto platform you will be conducting.
🚩Read a guide on how to buy HT on both platforms:
https://medium.com/@btcmtofficial/a-guide-on-how-and-why-to-buy-ht-19b3b024f77d
💫Are there any extra fees when staking, buying, or selling tokens?💫
You should pay a Gas commission to make a transaction.
🟡On the Minto platform, gas is paid with HT tokens. Read more about how and where to buy them on the link:
https://medium.com/@btcmtofficial/a-guide-on-how-and-why-to-buy-ht-19b3b024f77d
🟢Statistics on the HT token: https://coinmarketcap.com/uk/currencies/huobi-token/
Users pay a fee for buying tokens and staking. However, the HECO blockchain charges low transaction fees compared with the Ethereum network.
Once listed, BTCMT tokens will be available on exchanges. However, each exchange charges different fees for transactions, so we cannot affect the commission size there.
We will publish the information about the listing, so stay tuned.🔥
You should pay a Gas commission to make a transaction.
🟡On the Minto platform, gas is paid with HT tokens. Read more about how and where to buy them on the link:
https://medium.com/@btcmtofficial/a-guide-on-how-and-why-to-buy-ht-19b3b024f77d
🟢Statistics on the HT token: https://coinmarketcap.com/uk/currencies/huobi-token/
Users pay a fee for buying tokens and staking. However, the HECO blockchain charges low transaction fees compared with the Ethereum network.
Once listed, BTCMT tokens will be available on exchanges. However, each exchange charges different fees for transactions, so we cannot affect the commission size there.
We will publish the information about the listing, so stay tuned.🔥
🟣 How to withdraw money from staking🟣
So you got your tokens staked and now want to receive your mining rewards.
🌌Connect your wallet to our website: https://minto.finance/ and switch to the “Mining” tab.
In the window that opens, you will see the number of available rewards in HBTC. Next, enter the number of tokens you want to withdraw and click “Claim”:
💎Then HBTC will arrive in your wallet. HBTC is a tokenized BTC issued by Huobi Global and pegged to the BTC rate.
Read more on our Medium: https://medium.com/@btcmtofficial/how-to-withdraw-money-from-staking-93a22db0ea55
So you got your tokens staked and now want to receive your mining rewards.
🌌Connect your wallet to our website: https://minto.finance/ and switch to the “Mining” tab.
In the window that opens, you will see the number of available rewards in HBTC. Next, enter the number of tokens you want to withdraw and click “Claim”:
💎Then HBTC will arrive in your wallet. HBTC is a tokenized BTC issued by Huobi Global and pegged to the BTC rate.
Read more on our Medium: https://medium.com/@btcmtofficial/how-to-withdraw-money-from-staking-93a22db0ea55