What Is Mintyswap? (MINTYS) Complete Guide & Review About Mintyswap.

What Is Mintyswap? (MINTYS)

Mintyswap Coin is a proprietary cross-chain aggregation protocol. The mission of MintySwap is to provide consumers access to cryptocurrency-based, financial services, allowing them to exchange, or ‘swap’, various digital assets. The platform also provides ‘cross-chain’ swaps to conduct exchange settlements without regard to the limitations of a typical isolated Blockchain network. The term ‘cross-chain’ derives itself from the fact that the exchange is executed after traveling across two or more separate blockchain networks.

MintySwap, a Platform to Mint NFTs and Swap Tokens. They are assembling a community of creators and supporters who want to establish and grow an innovative economy via the Blockchain. Create connections. Become allies. Get involved in the massive creative movement on MintySwap! They aim to provide consumers access to cryptocurrency-based financial services, allowing them to exchange, or ‘swap’, various digital assets. MintySwap facilitates cross-chain Dex between ETH and BNB and cross-chain swaps to conduct exchange settlements beyond the limitations of a typical isolated Blockchain network.

A next level NFT community

They aim to provide consumers access to cryptocurrency-based financial services, allowing them to exchange, or ‘swap’, various digital assets. We facilitate cross-chain Dex between ETH and BNB and cross-chain swaps to conduct exchange settlements beyond the limitations of a typical isolated Blockchain network.

Considering the growth of DeFi protocols and the ever-maturing markets for lending, exchange, derivatives, etc., MintySwap provides a one-stop aggregation & exchange platform for consumers and offers developers access to an open, distributed, limitless, and secure trading environment.

Who They For

Minty Makers

Mintyswap Invite your favourite creators to join the network and start sharing their work and growing their fanbase.

Minty Collectors

The place to start or continue collecting NFTs and collectibles. Seasoned and novice collectors are welcome!

Minty Developers

Come and experiment with the free, open API. Collaboration is at the core so let’s get involved and see what they can do.

Minty Community

They say ‘community’ and they mean it, and so they invite people of all interests to join us and grow that Minty spirit.

What They Do

NFT Market Place

They building a place where artists, producers and creators come together to offer a new medium to buy and sell their creations to passionate collectors.

DeFi Platform

The Mintyswap Coin platform is all about building community which is why they base ourselves around DeFi principles. This allows us to create a free-flowing market that isn’t restricted by traditional liquidity concerns.

More To Come

They not satisfied with just being an NFT marketplace. They want to offer something more to the users which is why they are looking to introduce the own deflationary native token very soon.

Protocol Design

MintySwap – decentralized exchange that will enable market participants to trade tokens mainly on the Ethereum blockchain and Binance blockchain. It does not require assets to be deposited to other smart contracts for trading to happen. Based on a constant function market maker model it is able to constantly provide liquidity, no matter how big is the order size nor how small is the liquidity pool.

Liquidity providers get rewards from the trading fees (paid by traders) proportional to the percentage their funds make of the entire pool. The design proposed in this paper uses the most recent findings in AMM industry together with the innovative system of fees for the DEX users.

Token Model

MintySwap is an altcoin: an ethereum and binance based digital currency. MintySwap’s unique feature is that it charges a 2% fee to anyone who buys, sells, or transfers their tokens?

• 1% of this fee is then redistributed to all other MintySwap owners, essentially
  rewarding those who hang onto their tokens and disincentivizing selling
• 1% tokens are paired automatically with the ETH and added as a liquidity
  pair on MintySwap.

Governance

Mintyswap is committed to promoting decentralized governance and creating an open-source ecosystem where the community has full autonomy. There are three development phases of decentralized governance.

NFTs

Developers who mint NFTs may set an optional fee for marketplace orders (2.5% is ecommended). This can be set to a maximum fee of 25%. An optional Transfer Fee also allows the developer to monetize direct trades and transfers. For example, this functionality enables a digital artist who mints artwork into NFTs to charge a Transfer Fee for subsequent transfers of these NFTs.

Moreover MintySwap will allow artists to place a “copyright fee” and get commission from every next resell of their NFT. The main reason for it is to attract the best artists to the MintySwap platform.

Mission

Mintyswap Coin innovation has brought many practical applications to the industry and has promoted the development of open finance. The decentralized exchange (DEX) is a notable example that has gradually been recognized by the market following a surge of growth and consumer participation. The Ethereum DeFi projects’ total value of locked assets is over 60 billion USD (DeBank data). However, network congestion and poor scalability have caused unprecedentedly high network transaction fees.

This problem is urgent and causes significant financial detriment for many. The problem lacks a proven solution with community consensus. With the emergence of various Layer2
solutions as well as the efforts of some side chains such as BSC and HECO, there are now alternative choices for retail investors. However, transaction barriers between blockchains will continue to limit the usage of assets and MintySwap helps counter these limitations.