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Minted (MTD) is a cryptocurrency native to the Cronos blockchain, designed to incentivize long-term supporters of the Minted platform, a decentralized NFT marketplace. It supports multi-chain functionality, self-custodial trading, and offers rewards for activities such as listing and staking. The token is used for platform participation and may be used for governance in the future.
The Minted (MTD) token is the native asset of the Minted Network, a decentralized NFT platform built on the Cronos blockchain. The primary use of MTD tokens is to reward users for engaging with the Minted platform. Additionally, MTD tokens offer rewards for stakers, providing an incentive for users to participate in the platform's ecosystem. In the future, MTD may also be used for governance purposes within the Minted Network.
To store Minted (MTD) tokens safely, it is recommended to use a hardware wallet, also known as a "cold wallet." This type of wallet is completely offline, providing the highest level of security for your tokens. You can transfer your MTD tokens from an exchange wallet to a hardware wallet to ensure their protection from potential online threats.
To buy Minted (MTD) tokens, follow these steps:
Choose a Reliable Exchange: Select a reputable cryptocurrency exchange that supports Minted (MTD) trading. Consider factors such as fees, security, and user reviews. Popular exchanges include Binance, KuCoin, and MEXC.
Create an Account: Register on the exchange's website or mobile app, providing personal information and identity verification documents. Enable two-factor authentication for added security.
Fund Your Account: Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card. Some exchanges also offer peer-to-peer trading and third-party payment options.
Navigate to the Minted Market: Search for "Minted" (MTD) in the exchange's marketplace and select it for purchase.
Choose a Transaction Amount: Enter the desired amount of Minted you wish to purchase. You can buy a fraction of a Minted if needed.
Confirm Purchase: Preview the transaction details and confirm your purchase by clicking the "Buy MTD" or equivalent button.
Complete Transaction: Your Minted purchase will be processed and deposited into your exchange wallet within minutes.
Transfer to a Hardware Wallet: For security reasons, it is recommended to transfer your Minted tokens to a hardware wallet like Ledger or Trezor.
By following these steps, you can securely purchase Minted (MTD) tokens through a reputable exchange.
Minted (MTD) is a cryptocurrency native to the Minted.network, a decentralized NFT platform. The platform aims to be a digital bazaar where users can discover, trade, and find NFT gems. It supports both Ethereum and Cronos chains and offers features like self-custodial trading and multi-chain support. The platform's native token, $MTD, is designed to incentivize long-term supporters and reward users for various activities on the platform.
Minted concluded its public sale on August 10, 2022, and the token is now available for trading on various platforms, including VVS Finance and Crypto.com App, which lists over 250 cryptocurrencies and stablecoins. The token's tokenomics include a total supply of 1 billion tokens, with allocations for business development, liquidity and staking management, the team, treasury, platform rewards, and public launch.
The token's popularity can be tracked through its social media presence on platforms like Reddit and GitHub, as well as its market data and price charts, which provide insights into its market capitalization, trading volume, and circulating supply.
Minted (MTD) is a cryptocurrency built on the Cronos blockchain. It is the native token of the Minted Network, a decentralized NFT platform designed to facilitate the discovery, trading, and management of NFTs. Here's a detailed overview of how Minted works:
Key FeaturesSelf-Custodial Trading: Users maintain full control over their NFTs, ensuring that they have complete ownership and management of their digital assets.
Multi-Chain Support: The platform supports both Ethereum and Cronos blockchains, allowing for greater flexibility and compatibility.
Native Token: MTD is the native token of Minted, designed to incentivize long-term supporters of the platform. It is used to reward users for various activities and may be used for governance in the future.
Minted has a total supply of 1 billion tokens, distributed across several categories:
- Business Development Reserve: 35% of tokens are reserved for business development, unlocked at the Token Generation Event (TGE).
- Liquidity and Staking Management: 28.4% of tokens are allocated for liquidity and staking management, with staking incentives distributed over 48 months.
- Team: 16.5% of tokens are reserved for the team, with a 24-month linear monthly vesting period.
- Treasury: 15% of tokens are allocated for the treasury, unlocked at TGE.
- Platform Rewards: 5% of tokens are distributed as platform rewards over 48 months.
- Public Launch: 0.1% of tokens were available for public launch, with 40% unlocked immediately and the remaining 60% vested linearly over 10 months.
Minted rewards users for various activities, such as listing eligible NFTs and staking MTD tokens. These rewards are distributed daily and can be claimed at any time. In the future, MTD may also be used for governance, allowing holders to participate in decision-making processes for the platform.
Trading and StorageMTD can be traded on various exchanges, including centralized and decentralized exchanges. Users can store their MTD tokens in compatible wallets, ensuring secure and private management of their assets.
SecurityMinted's smart contracts are fully audited by Blocksec, ensuring the security and integrity of the platform.
Overall, Minted (MTD) is designed to create a comprehensive ecosystem for NFT trading and management, with a focus on user control, multi-chain support, and incentivization through its native token.
The token Minted (MTD) has several strengths that contribute to its potential as a cryptocurrency investment:
Decentralized NFT Platform: Minted is built on the Ethereum and Cronos blockchains, providing a decentralized platform for users to discover, trade, and find NFT gems. This decentralized nature ensures that users maintain full control over their NFTs.
Multi-Chain Support: Minted supports both Ethereum and Cronos, allowing for a broader reach and increased flexibility for users.
Native Token: The $MTD token is designed to incentivize long-term supporters of the platform. It is used to reward users for various activities, such as listing eligible NFTs and staking, and may also be used for governance in the future.
Security: Minted's smart contracts are fully audited by Blocksec, ensuring robust security for users.
Reward Mechanisms: The platform offers various reward mechanisms, including listing rewards and staking rewards, which are distributed daily in $MTD. This encourages user participation and engagement on the platform.
Tokenomics: The tokenomics of $MTD are well-structured, with a clear distribution plan and vesting schedules for different stakeholders, including the business development reserve, liquidity and staking management, team, treasury, and public launch.
These strengths position Minted as a promising cryptocurrency project, particularly in the NFT space.
Minted (MTD) carries several financial risks that investors should be aware of. One significant risk is the potential for manipulation due to its high risk analysis score, indicating that the token's price can be easily influenced. Additionally, the cryptocurrency market is highly volatile and unpredictable, making it essential for investors to conduct thorough research and consult with financial advisors before making investment decisions.
Another risk is the possibility of price drops due to the mint function, which can increase the circulating supply of tokens. If the demand remains constant, this increase in supply can lead to a decrease in the token's price. Conversely, the burn function, which removes tokens from the circulating supply, can cause a price increase if demand remains constant.
Furthermore, the token's price predictions are varied and uncertain, with different analysts offering divergent opinions on its future performance. For instance, some predict significant growth, while others foresee price drops. This uncertainty underscores the importance of careful consideration and thorough research before investing in Minted (MTD).
Lastly, the token's high risk rating from InvestorsObserver analysis suggests that a substantial amount of money is required to move the price, making it more susceptible to market fluctuations and potential losses.
- Mariam Naficy: Founder and Executive Chairman
- Melissa Kim: Co-Founder and CEO
- Daunish Aboobaker: VP, Engineering
- Emily Barry: VP, Wholesale & Marketplace
- Justin Boggs: VP, Analytics
- Mateo Bryant: Chief Financial Officer
- Patrick Priore: VP, Merchandising
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