1. Hello! Please introduce yourself and Mint Blockchain!
Hello Everyone, happy to be here!
I’m Rose, Ecosystem Growth Lead at Mint Blockchain. I bring over 4 years of experience in the crypto industry. Mint's core development team is NFTScan Labs. nftscan.com was established in early 2021 and has been operating for 3 years, providing multi-chain NFT data services to well-known Web3 projects like CoinMarketCap and Binance NFT.
We have noticed that since the announcement of MintID's upcoming sale, there have been many questions from the community regarding the relationship/difference between Mint Genesis NFT and MintID NFT. The community is crucial to us, so despite today being Sunday, we have decided impromptu to hold an AMA to address everyone's concerns and hopefully uncover some of the important questions and information that matter to all of you.
2. As a holder of Mint Genesis NFT and MintID, what exclusive privileges and benefits can one expect within the Mint Blockchain ecosystem?
As we’ve disclosed in our official channels, Mint Genesis NFT is specifically issued to commemorate the Mint Blockchain, and it comes with the following exclusive privileges:
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Mint Ecosystem Privileges: Holding Mint Genesis grants access to various benefits and potential airdrops from Mint Blockchain's ecosystem projects.
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$MINT Airdrop: Holders of Mint Genesis are automatically eligible for $MINT native assets airdrop rewards.
Regarding MintID, it is the official multifunctional asset and super equity pass of the Mint Blockchain. and it comes with the following exclusive privileges:
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Utility and Staking: MintID NFT will be the designated staking asset for becoming a distributed validator for certain core components of Mint Blockchain and earn staking rewards.
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Mint Ecosystem Privileges: Holding MintID grants access to various benefits and potential airdrops from Mint Blockchain's ecosystem projects.
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$MINT Airdrop Allocation: A significant X% $MINT token allocation has been reserved for MintID holders.
MintID and Mint Genesis serve different roles in the Mint Blockchain ecosystem. MintID holders enjoy unique privileges like staking and a more substantial role. Additionally, the higher pricing of MintID corresponds to a higher $MINT airdrop allocation, making them core stakeholders, while Mint Genesis NFT holders receive their own set of rewards. Both have their value, catering to different levels of engagement within the Mint community!
3. Could you shed light on the Mint Genesis NFT whitelist eligibility criteria and the rationale behind choosing specific categories for the whitelist? Why does the Mint Genesis supply more than 20k?
Yeah, so firstly, we are great to see many users checking their eligibility for the Mint Genesis NFT, and we would like to express the overall rules we settled.
There are various criteria for the Mint Genesis NFT airdrop, primarily targeting holders of blue-chip NFTs and players with significant NFT trading history (e.g., trading volume >20 ETH). These individuals are considered high-quality seed users, and including them in the whitelist is intended to attract their involvement. The total supply of Mint Genesis NFTs is limited, and the final number distributed depends on how many people actively claim the NFT airdrop. If more than 20,000 users claimed it, it indicates the effectiveness of our campaign.
We hope to have as many people as possible to claim the NFT, as it benefits the early spread and development of Mint Blockchain. The value of Mint Genesis NFTs will gradually become evident after the mainnet launch. At this stage, we aim to have more high-quality users participate in claiming rather than focusing on speculation or tradings.
As for the benefits for Genesis NFT holders, I would like to emphasize once again that Mint is an L2 dedicated to promoting the development of the NFT market! Therefore, the holders of Mint’s official NFTs will be our most valued stakeholders. This is one of the distinctions that set us apart from other L2 networks. We've taken careful measures to ensure the interests of both holders are protected.
4. Between Genesis and MintID, which NFT holders have better rights? Can you elaborate on the unique features of MintID and how it adds value to NFT holders within the Mint Blockchain ecosystem?
The price decision of MintID is rooted in our 3-year journey within the NFT space, backed by strong partner networks. As we launch Mint Blockchain, these partners are keen to continue supporting the project and secure early airdrop rewards through MintID purchases, with their justification of MintID values.
For the whole community, more participants supporting Mint Blockchain is a positive signature. Moreover, the elevated MintID pricing corresponds to a higher airdrop allocation. As core stakeholders in the Mint Blockchain, a significant percentage of $MINT tokens has been earmarked for MintID holders.
In summary, Genesis NFT has aptly termed an airdrop, granting eligibility to all for claiming NFTs, symbolizing future airdrop benefits upon the mainnet launch. MintID, on the other hand, as a value-based asset, will carry more weight in future MINT airdrops and offer unique utility and staking benefits. Additionally, with the future development of ecosystem, there’s partners empowering the ecosystem with their token or rewards, both MintID and Mint Genesis NFT holders will share the rewards, while it maybe a tiered support, with tailored benefits for each type of NFT holders. The key message here is that while there will be distinctions in benefits, we are committed to achieving the right balance within our capabilities.
In essence, MintID presents an opportunity for a deterministic investment in future returns. Instead of hosting numerous short-term rewards, we aim to forge longer-term connections with early users. Mint Blockchain, with its relatively low initial market value, allows early participants to obtain airdrop rewards at a more accessible cost, offering substantial growth potential compared to other L2 networks.
5. When will the Mint testnet go live? You can also briefly tell us how the preparation for the testnet is going.
The Mint team is already running the testnet, though it has not been publicly disclosed.
We plan to make the testnet publicly available in March 2024. We are also closely collaborating with the Optimism Foundation and relevant RaaS providers to ensure the smooth launch of the Mint.
In fact, from the moment we embarked on building Mint as a dedicated L2 focused on NFTs, we had already started accumulating our initial launch partners for the ecosystem. NFTScan, as a leading data service collaborator, has amassed a wealth of resources in the B2B sector. These resources have enabled the Mint ecosystem to have a comprehensive environment right from the outset. If you've been following Mintchain.io's ecosystem page, you might have noticed that we already have some committed launch partners. This page will continue to expand as we progress. We encourage you to stay updated on our social media channels, and we also welcome your introductions of high-quality projects, developers, creators, and curators to join the Mint ecosystem.
6. If I have 5 MintIDs, do I get 5x $MINT airdrop and other benefits of having a MintID?
Yes, the benefits of MintID are cumulative.
This is a straightforward mathematical calculation; the number you purchase corresponds to the expected benefits in multiples. Purchase according to your own expectations and capabilities, and don't FOMO. If you're content with one, buy one; if you want five, buy five. If you choose not to purchase, you can still hold Genesis NFT and follow the ongoing development of the Mint ecosystem!
7. Who are the investors of Mint Blockchain and how much in funds has the L2 raised so far? When will the investor and the amount of investment be disclosed?
The funding round is currently in progress, and we appreciate your understanding that the current financing information is confidential.
Once we have finalized our seed financing funds, we will disclose this information through public media channels. You will definitely see our financing news everywhere at that time.
Please stay updated by following our official website and Twitter account.
8. Please introduce Mint team and their experience in crypto
Mint's core development team is NFTScan Labs. NFTScan was established in early 2021 and has been operating for 3 years, providing multi-chain NFT data services to well-known Web3 projects such as Binance NFT, Coinmarketcap, imToken, TokenPocket, Stepn, Enjin, Coin98, Bybit Web3, Kucoin, Antalpha, Mask, and more.
Currently, NFTScan is ranked among the top 3 global NFT data service providers and has received support from foundations like Polygon, Optimism, Aptos, Cronos, Moonbeam, PlatON, and others. The core team members have extensive experience in various crypto-related fields, including security companies, wallet projects, DeFi projects, stablecoin projects, data platforms, social projects, and web2 technology companies. On average, team members have more than 4 years of experience in the crypto industry. With such diverse and extensive experience, we believe that building a focused L2 public chain like Mint is a natural fit, and we are fully competent to excel in this endeavor.
9. If I buy Mint Genesis NFTs from the secondary market for one wallet, will it multiply the advantage of this wallet in the future? Or is it better to buy Genesis NFT each time for one wallet?
Both options are acceptable, but we recommend allocating one Genesis NFT for each wallet address.
In fact, we hope that users who currently hold Genesis NFTs do not focus too much on the current floor price or engage in frequent trading. For Mint Genesis NFTs, we encourage holding rather than trading. As mentioned earlier, Mint Genesis NFTs are a gift to loyal users who have been active in the NFT space for the past few years, commemorating the birth of an L2 network dedicated to NFTs.
10. Is the name and picture of MintID one-time customizable? If anyone buy from secondary market can they change the name and picture? Are there any character limitations? Image size limitations?
Yes, as shown in the image, the name and the avatar on MintID are customizable.
Yes, the specific details have not been released yet. MintID will be mapped after the Mint mainnet goes live, and related features will be launched simultaneously.
11. When can we check the contract address of MintID?
It will be published before the Minting event on January 17th. As well as the audit report of the smart contract.
12. How does Mint Blockchain plan to address scalability issues in the NFT space, especially considering the growing demand and popularity of NFTs?
How does Mint Blockchain envision the integration of NFTs in real-world business scenarios, and what steps are being taken to bridge the gap between the digital and physical worlds?
This is a great question, as it addresses the core challenge that Mint Blockchain aims to solve: making NFTs a medium for businesses to connect with consumers. The Mint Core Team will primarily focus on solutions for memberships, PASS cards, vouchers, tickets, digital identities, and more, providing NFT solutions for enterprises to connect with their users or consumers. Our ultimate vision is to bring NFTs into the daily lives of ordinary people, creating a new digital lifestyle through NFTs.
We believe that NFTs will have extensive applications in RWA and AIGC fields. The Mint Core Team has prepared a comprehensive plan, a one-stop NFT issuance and marketing plan that will involve business development with Web2 brands and companies. We aim to attract these traditional enterprises to enter Web3 and issue NFT assets on the Mint Blockchain on a large scale, including brands like Walmart, Starbucks, Visa, Nike, and others.
(The previous bull market until now has mostly focused on speculative PFP projects. Mint's vision is to bring NFTs into real-world use cases rather than just speculative assets.)
13. What is the distinguishing feature Mint Blockchain has that other chains don't? "Although we know, Blockchain for everything NFTs"
The main differences between Mint Network and other L2 networks lie in three aspects:
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Lower issuance costs for NFTs on the Mint network due to targeted reductions in NFT asset issuance costs.
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A more extensive range of NFT asset protocol standards on the Mint network. There may be dozens of high-quality asset protocol standards developed to meet various NFT issuance requirements without the need for coding.
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Revenue sharing with developers on the Mint network, incentivizing more developers to work on NIP protocol standards and NFT application development.
We have a flywheel model that operates from NIPs-Dapps-NFTs-Users-Traffic-mint/developers-NIP. In this way, we will continually attract developers to join the Mint ecosystem, enhance user experiences, and allow more users to enjoy a seamless NFT experience within the Mint ecosystem.
14. What future developments and milestones can the Mint community look forward to in the coming year, and how does the team plan to engage and involve the community in the project's growth?
We have always disclosed very clear roadmap information on our official platform, I hope you can pay attention to our Mirror article and Twitter. we describe our development roadmap for 2024:
Q1 2024: Launch of MintPass Events, Mint NIP Proposer Hackathon & Launch Testnet.
Q2 2024: Mint Testnet & Introduction of the NIP Developer Platform
Q3 2024: Release of Mint Mainnet
Q3-Q4 2024: Introduction of MRC Asset Protocol Library, Issue MINT native assets, conduct community airdrops, and list on centralized exchanges.
Mint currently has more than 20 global ambassadors who are actively assisting the team in expanding the global crypto community. After the Mint mainnet launch, we plan to increase the number of global ambassadors to build the Mint community worldwide. We hope the community can grow alongside Mint, whether you are a Genesis NFT holder or a MintID holder, you are seed users of the Mint community and evangelists for the Mint Blockchain network. Let's work together to educate and promote NFTs and Mint Blockchain, allowing more people and businesses to use Mint Blockchain. The NFT community is our everything, and without you, there is no Mint Blockchain network. Holding a Mint Genesis NFT is a great honor, and together we witness the prosperity of the NFT space and drive the development of Mint Blockchain!
15. Can you give a quick overview of the Mint NIP Proposer hackathon? How's Season 1 going now, and what are the plans for Season 2 and Season 3 in the future?
Sure, we officially announced 1.10, and the theme is the NIP Proposer Season 1. The prize pool for the first season may not be substantial, with a total of 5K U and 3 MintID rewards. However, our entry requirements are not high, and we encourage all developers and non-developers to participate. Currently, we already have about 15 valid submissions on our forum. If you don't join the competition, the rewards might be claimed by others.
So, if you're looking to get your own MintID at the lowest cost possible, we welcome you to participate in our hackathon. Contribute your innovative proposals for NFT smart contracts and applications, release supply and demand, and help drive the widespread adoption of NFTs.
We've also invited many partners to promote this event, and you might have seen some partners like Mask, Coin98, Halo Wallet, and more starting to promote it. There will be even more significant partner announcements this week, so stay tuned. Additionally, we'll be hosting Twitter Spaces with these high-quality projects in the NFT space, and we hope to see you there.
As for the second and third seasons, our current plan is to have the second season coincide with the testnet launch, where developers will need to submit code and project demos. The third season will occur after the mainnet launch and will require becoming a real project.
16. Will the NIP proposals in Season 1 be implemented by the Mint team or by teams that applied with the support of Mint and other partners?
We hope to see more creative ideas coming from the community, and the Mint Core team will provide more support on the development front in the future.
Additionally, we have received proposals from various partners, such as Smart Token Labs, which submitted a proposal on Executable NFTs - Smart Layer brings Smart Tokens, The problems of all the existing web3 applications are still application-based, not token-centric designs. It leads to 1) user data is still locked in the DApp which stores in a centric server; 2) hard integration for the existing DApp (only way is with APIs).
So in this NIP (Executable tokens - NFTs), we (smart token labs team) solve this problem with ERC-5169 and TokenScript technologies.
There are also proposals purely from the community, like the one from [Jimbo00007] regarding Using NFTs as digital wills for your next of kin NFTs. Our team finds these proposals intriguing because, with Bitcoin's ETF approval, digital assets are becoming a part of everyone's portfolio. Having a good way to inherit your digital legacy will be crucial.
17. Why is the mint id selling for 0.28e when there are no products yet? Why MintID cost is so high as compared to other eth NFTs?
As a blockchain network with a strong focus on NFTs, our chosen niche market is very clear. There are various ways for advocates to select projects within the ecosystem, and Mint has chosen the path of MintID, which is a super equity pass for the ecosystem. This choice has been carefully considered, and rather than a simple investment product, we aim to attract Mint ecosystem users who have a strong interest in and belief in NFTs.
The Mint Blockchain team has received support from various partners over the past 3 years as we developed in the NFT space. With the launch of Mint Blockchain, many partners want to continue supporting the project and acquire early airdrop rewards by purchasing MintID, which is why MintID is priced higher. The higher pricing reflects the value and alignment of MintID's benefits. MintID holders are undoubtedly core supporters of the Mint Blockchain network. Additionally, the Mint team aims to develop MintID as a representative project in the NFT PASS direction, offering not only a promising price trend but also rich functionalities and benefits. MintID allows you to earn MINT airdrop rewards and receive various empowerment and airdrops from Mint's native projects—it's like a golden shovel, constantly digging for profits.