Bitcoin Forum

https://workshub.imgix.net/33419e11e76e93d872380a9e179fd088?fit=crop&crop=entropy&auto=format&w=960&h=150

• What's about:

Mintlayer is a Bitcoin sidechain dedicated to asset tokenization and decentralized exchanges

- Website: https://mintlayer.org
- Technical docs: https://docs.mintlayer.org/
- Video presentation: https://www.youtube.com/channel/UCVVpaPry8xZS47pPBmS4rnA

• Socials & Links:

- Telegram chat: https://t.me/mintlayer
- Twitter: https://twitter.com/mintlayer
- Github: https://github.com/mintlayer
- Reddit: https://www.reddit.com/r/mintlayer/
- Youtube: https://www.youtube.com/channel/UCVVpaPry8xZS47pPBmS4rnA
- Linkedin: https://www.linkedin.com/company/53488934/
- Instagram: https://www.instagram.com/mintlayer/
- Facebook: https://www.facebook.com/MintlayerMLT/

• Project explained:

- The Mission:
To introduce a new Bitcoin-integrated ecosystem for asset tokenization, alternative to previous common standards for tokenization (ERC-20) and DEXs (e.g. Uniswap)

- Why DeFi on blockchain:
Blockchain technology offered a disruptive innovation in the monetary field: Bitcoin, hard money in a digital form. Other uses include notarization, timestamping and - like it or not - speculation and gambling. However, the impact of the blockchain in the field of finance does not have to end there. Blockchains can also be used to issue tokens representing financial instruments like securities (e.g. stock tokens).
Securities will never be as decentralized as the monetary token (BTC), because issuance is centralized, but tokenization makes them “bearer” titles, which means ownership and possession are in the same hands. Bearer titles in the digital world can be exchanged in a peer-to-peer way across geographical borders and offer the advantage of giving the owner full control of the asset, removing the need of intermediaries. Which means no mediation costs, privacy threats and censorship (e.g. the CEXs stopping Gamestop trades).
Also, if assets are in the form of bearer title held in personal wallets, then disputed financial practices like fractional reserve, excessive securitisation of receivables and uncontrolled creation of financial instruments (unbacked by real value) are no longer possible unless the owner of the backing asset gives his legitimate consent.

- Why another Bitcoin sidechain:
Currently, there are already a few tokenization systems created on top of Bitcoin like Omni(Bolt) and RGB. They have the same disadvantage: their transactions compete for the same space as the Bitcoin transactions, polluting the Bitcoin blockchain and leading to higher fees. The first version of Tether was issued on Omni, which moved to Ethereum to avoid the high fees on the Bitcoin blockchain (and then moved again to Tron because of even higher ETH fees).
For this reason, the concept of “sidechains”, with onchain space dedicated to asset tokenization and pegged-tokens, has been put to the test. Rootstock (RSK) is an example, but its architecture is very close to Ethereum and merged mining creates security concerns: Bitcoin miners have governance power over Rootstock without any stake (cost and effort required) in the chain. Liquid sidechain is an alternative, but its governance is centralized in the hands of the companies that have contracts with Blockstream.
In contrast, Mintlayer’s governance is community-driven. The protocol introduces a refined version of POS with Bitcoin anchoring called DSA Consensus (https://www.mintlayer.org/docs/DSA-consensus-paper-draft.pdf). For both Rootstock and Liquid, bitcoins on the sidechain are used in a peg-in system managed by a federation of few entities, while Mintlayer is focused on the direct atomic swap between the tokens built on Mintlayer and the bitcoins on the mainchain. In fact, a Mintlayer DEX transaction allows p2p exchanges of tokens issued on Mintlayer with each other (intra-chain atomic swap) and also with Bitcoin (inter-chain atomic swap).

- Mintlayer features:

• Bitcoin interoperability: an entire ecosystem of tokens issued on the new layer can be p2p traded for bitcoins through atomic swap (https://docs.mintlayer.org/whitepaper/3-tokenization-standard#3-2-4-atomic-swap) or Lightning Network swaps (https://docs.mintlayer.org/whitepaper/5-decentralized-exchange-dex#5-7-lightning-network-dex). The atomic swap is secure even in case of chain reorganization, since Mintlayer blocks are anchored (https://www.mintlayer.org/docs/DSA-consensus-paper-draft.pdf) to the Bitcoin blockchain (a Bitcoin reorg affects both the chains).
• Scalable DEX: there are no on-chain order books in the form of smart contracts, since trade intentions are communicated through a distributed hash table that is separated from the blockchain. This helps keep lower throughput and fees when compared to Ethereum DEXs like Uniswap. Also, arbitrage transactions can be made through Lightning Network channels between CEX and DEXs’ liquidity providers. As a result, the blockchain space won’t be over-exploited. It is worth noting that Ethereum gets clogged mainly because of DEX contracts, arbitrage transactions and Ponzi schemes (see Glassnode analysis (https://insights.glassnode.com/defi-spike-ethereum-gas-price/)) which can’t be done on Turing incomplete Mintlayer architecture.
• Access Control List: ACL rules are optionally enforceable on securities issued on Mintlayer (such as stock tokens) allowing compliance with company policies or other regulators. This feature is something missing on Bitcoin, but possible with Ethereum. Unlike Ethereum, Mintlayer doesn’t require Turing completeness, but just a few OP_CODES for a higher versatility of Bitcoin scripting language, while retaining its reliability and efficiency. By not including Turing complete functionality, Mintlayer reduces risk of unpredicted outcomes that can occur with increased smart contract complexity.
• Optional confidentiality: due to the trade-off between privacy and scalability, Mintlayer introduces distinct tokenization standards to address all needs. MLS-01 transactions require lower space and enable procedures like batching with BLS signature aggregation, to shrink even more the space consumed. MLS-02 on the other hand has confidential transactions, which are greater in size but help granting more privacy.
• Integrated Wallet: a Mintlayer wallet is a Bitcoin wallet too (real BTC, not the pegged version!) and Mintlayer full nodes can be considered as an “add-on” to Bitcoin full nodes.

• Mintlayer (MLT) token and Consensus system:

- Why a token for a Bitcoin sidechain:
It’s technically unfeasible to build a secure and decentralized architecture based on a pegged version of Bitcoin, given the downsides of any peg-in/out system envisioned so far. Hence, it is necessary to introduce a POS-like system with a governance token. The Mintlayer DSA Consensus (https://www.mintlayer.org/docs/DSA-consensus-paper-draft.pdf) avoids the nothing-at-stake long range attacks without the need of hard-coded checkpoints, thanks to the dynamic checkpoint system built-in the protocol, which anchors Mintlayer to the Bitcoin mainchain.

- Consensus Built on Bitcoin:
Mintlayer uses Bitcoin PoW for different scopes, it’s not only a way to commit its state in Bitcoin: first, every Mintlayer block is linked to a BTC block and a reorganization on the Bitcoin mainchain reverberates also on the sidechain (it means more security for atomic swaps). Second, Bitcoin POW is used as a “clock” for time calculation: it defines Mintlayer rounds (with a committee of blocksigners) and enforces a minimum time delay between Mintlayer blocks, preventing any attacker from trying to generate blocks at higher frequency (to fake a “longest” chain). Third, the Bitcoin block hash is used as a source of entropy for the random determination of the blocksigners in the next round, so that it’s not necessary to rely on other randomization sources such as new algorithms which may reveal vulnerabilities in the future or ASIC hardware distributed by a single entity, such as in the case of Ethereum 2.0 Proof of Stake system

- Public Sale:
Before mainnet, the governance token (MLT) will be issued both on Rootstock and Ethereum (ERC-20). Then, tokens will be ported 1:1 to Mintlayer mainnet when it is released.
The Public Sale is expected in Q1 2022. More details will soon follow about the Public Sale date, the launching platforms and listing on exchanges.

• Bitcointalk signature campaign:

The campaign, paid in Bitcoin + MLT governance tokens, will start on Sunday 24th October. Please refer to the link below!
https://bitcointalk.org/index.php?topic=5366033

• Supporters:

The mainnet launch is expected in Q1 2022, but the full development roadmap (https://www.mintlayer.org/technology/#roadmap) spans over two years. Such an effort is only possible thanks to the support of numerous VCs - the list below - partnering with RBBLab, a company located in San Marino (a microstate within italian borders) that is coordinating a team of developers working full-time on Mintlayer.

Alphabit, Moonwhale, AU21, 4SV, X21, Iconomy Partners, Lotus Capital, Moonrock Capital, Jun Capital, EXnetwork, CryptoDormFund, Matrix Ventures, Black Dragon, Sky Ventures, Blockpact, Moonfounder, Minted Lab, Uniswapearlycalls/Trustdao, Seedventure, Spykefast, cspdao.network, DHC Capital, buildhodl, Kyros Ventures, Titans Ventures, BBSFinance, Lunar Station, Chain Ridge Kapital, Phoenix VC, Caballeros Capital, Block26, Crypto Banter, Varys Capital, LVT Capital, Kairon Labs, 01 Capital and a couple dozen of other individuals, including some key opinion leaders.


https://d33wubrfki0l68.cloudfront.net/75889d8199d4db911495633e93bc43df542a45f5/e066e/assets/images/mlt/mockup.png

The list of ventures for this project is long and gives me a thought that it is a good project.

I can guess that the idea to link with BTC blockchain because Bitcoin is a biggest blockchain and with its hashrate, it is a safest network at this moment.

I see you said the main net will be launched in Q1 2022 that sounds good. Building your project on a blockchain of another project is not good, even that chain is of Bitcoin.

Have your own blockchain will have advantage and disadvantage but it is good for long term growth of the project. You don't have to depend on BTC network.

Is the team recruitment shown on the website still active? is it still have more time to apply in here https://www.mintlayer.org/open-positions/ ?
I think this is a golden opportunity, because I see the campaign even presents a fairly expensive payment, if someone join the team, he/she will definitely get a good pay.

I am very excited to participate in your signature campaign.
How is your token Sale preparation progressing, is it really going to take place on Sovryn? Why did you lock your old thread and create a new one?

right I saw some empty spot.  for a project that promises this is a golden opportunity.  I'm sure many hope to fill those spot.  and hope this project continues to progress according to schedule and grow big like others.
by the way the emptyness of the spot will it interfere with the continuation of this project

I was also drawn to this project because of the simple fact of having an ido in sovryn platform according to their official Telegram group, although am very familiar with the sovryn dex but I wasn't very lucky with their recently ended sale, so I am looking forward to invest a little mintlayer so hopefully this time I will be lucky.

if you are a really good Senior Rust Software Engineer or a Developer Relations Engineer please apply. Regarding the other two positions, we left them open but we have no urgency since a few other collaborators are taking care of that, for the moment.

we submitted the SIP officially here: https://github.com/erubboli/SIPS/blob/main/SIP-0033.md
After internal review from Sovryn team (I think it will take a couple of weeks) if approved it can be set as "ready to vote".
Joerii decided to lock the old thread because he wanted to publish it as a new thread together with the announcement of the signature campaign. After all, that old thread never got a particular momentum.


We still have space for more developers to join the team, we have the core team that we need to build Mintlayer but have room for some talented engineers to come and help. We're not actively looking but we are open to hiring if the right person comes along

If the Public sale will take place in Q1 2022, Will there be a private sale or whitelist before that?
Mintlayer is quite potential, There are many supporters and private investors. I don't want to miss it.

There has already been a private sale. There will be some fair sale events on decentralized exchanges, possibly including SOVRYN, prior to the release of the mainnet and offering of MLT on centralized exchanges, which will occur in Q1 2022. The team hopes to offer a fair sale event or two in November, but this depends on decentralized platform communities, so it is not possible to say with certainty.

I see your excitement......but haven't seen your application...yet. :D
Since we are here we still have a few open slots

The step is not easy as one might think, it needs approval. Until now, what they call "Improvement proposal" is still pending, they say it requires approval from the Sovryn community to make it happen. Which I think their community won't object to it, since it would be useful to expand it further. About public sale, it will occur Q1 2022. https://t.me/mintlayer/6595

I have read on  official site that  Mintlayer utilizes a "future-proof" blockchain. What does the future-proof"  mean exactly relative to Mintlayer blockchain? Does it mean that the layer 2 functionality secured by this blockchain will remain sustainable no matter how Bitcoin develops? Or there is some other meaning hidden  from me? Please, ELI5.

future-proof means that it's a scalable environment that won't get clogged once it reaches congestion as basically all the blockchains that are now competing directly with Bitcoin. Mintlayer uses the same approach as Bitcoin to scalability: layer 2 (lightning network) and maximum efficiency possible on the base layer (signature aggregation, batching & coinjoin (combined with sig. aggregation), turing-complete scripting system, limited blocksize, etc.). The DEX transactions can be performed offchain, while there are no onchain trading books like it happens in AMM trading (e.g. Uniswap).

Mintlayer is bound to Bitcoin and programming language remains Bitcoin script even if Bitcoin upgrades to new functionalities. In fact, Mintlayer uses Bitcoin script but it introduces a few OP_CODES that are new. To remain compatible with Bitcoin there is a way to identify the type of script being supplied. If it's version 0 then we assume all op codes follow the bitcoin script, otherwise it's something developed specifically for Mintlayer. In this way we avoid that Bitcoin introduces a new OP_CODES with the same name but different functionality (let's say if Mintlayer implements an op code with the code 0xCD with a particular functionality, a year later bitcoin script implements a new feature and recall it with the same name 0xCD)

I've been browsing Mintlayer.org a lot in the last few days and I have to say that the user experience is simply very good. The website is fast and runs extremely smooth. A very big thumbs up. I have experienced this quite differently with many other projects.

The Google speed test confirms my experience:

https://i.imgur.com/DpcrpyJ.png

Source: https://developers.google.com/speed/pagespeed/

---

Are there already plans to translate the website into different languages? This could help to reach a larger audience.

Note: In this context, the Bitcointalk forum could certainly be helpful. There are many capable translators here who can translate the website into various languages.

I can confirm the Marketing team is evaluating whether to do that or not.
Expect further updates on that.  ;)

I've been also browsing Mintlayer.org during the past few days and i can say that i had a good experience. I have two questions :

- I can see that the project is still looking to hire devs and designers. Does this mean that the team is not yet completed and that the project has to find those profiles in order to achieve goals for the next roadmap stages (including the mainnet launch which is expected to happen in Q1 2022)? And why not hiring those profiles from bitcointalk? Note that there is no mention about those open positions in this ANN thread .

- About Marketing, are there plans to extend the promotion outside bitcointalk? Like creating descriptive contents or hiring ambassadors from differnt locals .

I'm mentioning about this is open position in above, to inform people who came to this thread
https://bitcointalk.org/index.php?topic=5366028.msg58206120#msg58206120
I think these questions have already been answered by the mintlayer team. This is what he said in response to the question, which by now they should be complete enough to put mintlayer in success.

Mintlayer is a bit unique, with a platform that everyone is likely to use in the future. Asset tokenization is very much used today, and into the future. Mintlayer is here to be the solution to that.

Tnx, I'm trying to dive dipper into Mintlayer tech and have learned that  users have the option to "create a transfer, opting in for peer-to-peer batching" (https://www.mintlayer.org/technology/). Does it mean that if he/she makes the asset  transfer the pertaining transaction will be batched into a single coinjoin trx created with other Mintlayer users? If  that's the case then  the resulting coinjoin transaction will bring the privacy to the table, if I'm not wrong.

We got news  ;)

NINE days til Launch! What will be included in the #Mintlayer testnet? For one, you'll be able to create a Mintlayer wallet of course, one with a BIP39 seed (as in an Hierarchical Deterministic Wallet, HDD), which you can use to manage your addresses, funds & transactions.
https://twitter.com/mintlayer/status/1455218533659561985

The countdown to testnet launch begins: TEN!
The #Mintlayer testnet will be released on the November 10, 2021!

The release of the testnet will be the start of the direct involvement of you, our community members, fans, & everybody in the #Cryptocurrency scene with Mintlayer!
https://twitter.com/mintlayer/status/1454901572211814402

I just saw the news on yahoo finance, nice to see  :)


https://finance.yahoo.com/finance/news/bitcoin-ecosystem-upgrades-financial-applications-144333821.html

Looking forward to the launch, sounds like an ambitious project.

I have had some issues trying to set the password when registering in the portal. At last I have found one that appeared in green and I have saved it, but only after a lot of attempts and because I knew it would eventually work; other users may give up faster. Could you please have it checked and, maybe, change the parameters in order to accept a larger range of passwords?

I have joined your "Earn MLT for free" Airdrop program. and found a token offering for Presale at a price of 0.1452$ per token with vesting type 5.
After reading your token distribution, Token Vesting type 5 is token allocation for Company Reserve with a very long locking period. Can it be changed to vesting type 1, 2 or 3?
And what is the price of MLT tokens for each type of sale ( Pre Seed Sale, Seed Sale, Fair Launch and IDO)?

Yes, i saw that "while slots are still open" but i read the rules and conditions to participate, i think i am not right for that category, there are many senior accounts who are better than me and they are also not selected. so I didn't apply to join

Looking forward to creating a Mintlayer Wallet.  I will create my wallet immediately.  Will there be a mobile app?  I guess there will be good developments as a result of the testnet.  5 days left for testnet.  I'm looking forward to November 10th.

yes exactly, that functionality is not yet implemented in the testnet launched the 10th of november (which has just a few basic functions like receive, transfer, create a new token etc.), and it won't even be ready with the mainnet expected in Q1 2022 (the entire development roadmap actually covers 3 years, including lightning network and confidential transactions), but we already have implemented BLS signature on Substrate specifically to aggregate transactions. Here you can find a few info about that: https://www.mintlayer.org/news/2021-05-17-why-mintlayer-adopts-bls-signature/

The idea is to develop a coinjoin functionality in the Bitcoin/Mintlayer wallet like Wasabi does, with the important difference that transactions coinjoined are much - much! - lower in size! That means that users have convenience in batching/coinjoining their transactions together, 'cause they will save money! : )
This will prodive an incentive for everybody to mix coins and - in the end - it will really foster the privacy of the network

Extremely happy to get some free MLT tokens at joining.
I'd like to know whether the KYC checking process has begun or is it scheduled for some time later? I've already applied for the same because of the benefits that we are getting to buy MLT tokens cheaper. I'm somewhat confused that even after being whitelisted, why can't I purchase the tokens and it still asks me to register for the whitelist? As well, will MLT wallet be a custodial one?

Regarding mintlayer net whether it will be compliant with RSK? i meant a blockchain that can be used by changing its RPC to connect into the network. We know that if this will make people easy to use mintlayer main net instead of using different algo that may make people feel a bit complicated to adapt with a new mainnet that has different mechanism.

There's also another question about how much MLT will be allocated for SOV stakers?


im just reading a message from sovryn's admin it says that if the vote will be postponed until end of this month. I didn't know which true statement. It makes me a bit confusing about that

it won't be "compliant" with RSK, because it's a new sidechain. If it's anchored to Bitcoin it can't have other mechanisms looking at RSK. But EVM contracts written in Solidity can be easility ported to Mintlayer as contracts (written in Ink!) in the WASM environment of the programmable pools. This also apply to smart contracts related to SOV for example, which allows to re-create the SOV ecosystem on Mintlayer.

The detailed SIP is here:  https://github.com/erubboli/SIPS/blob/main/SIP-0033.md

actually, the token "Mynt" is a different token, different project, different sale. It has nothing to do with Mintlayer. The Mintlayer SIP still needs to be approved by Bitocracy.

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MLT token won't be custodial, it's trustless and open source. A first webwallet interface will be released soon with testnet. You registered for the white list, then you will have the opportunity to buy tokens when the sale opens (in a few weeks, check your email for further updates or stay update on socials)

[moderator's note: consecutive posts merged]

Less than five days for the testnet boys! Time to get excited!  8)

https://i.imgur.com/033FSfe.png

Source: https://twitter.com/mintlayer/status/1456668271193825285

I'm really curious and I'm going to try out the test network a little bit on November 10th. Can't wait to create my first NFT on Mintlayer.

what will be the foundation of tokens in Mintlayer? Will they be issued on a bitcoin separate sidechains or will they work on the actual Mintlayer sidechain? Can you please specify this as I haven't really understood how this os going to work.

That's a great news!  :D I hope people will share their testnet adresses here or on telegram to be able to send and receive those testnet tokens. And maybe someone will even offer you to buy your first NFT against some tokens  :P

Why they would be issued on a separate sidechain and not on the "actual Mintlayer" one? You mean there will be a specific sidechain for the tokens? I didn't understand that.

they prepare for launching core wallet immediately, that possible will create light, web, and mobile application. I'm not sure, but when possible just do fork it from electrum wallet on Github to learn it.


when I read the whitepaper, there is a bitcoin blockchain with mintlayer sidechains, I'm not sure about this, but I read up about MLS-02 reward also

and the point is, when they launched core wallet, that is possible their own the mintlayer blockchain.

I got it also, 50 MLT just joined telegram. it could be more (100 MLT) if add a Twitter account and retweet the post.

thank you
very interesting, so it would be like Lightning Network or like RSK https://www.rsk.co/
I don't understand much technically, but I understand that they work related to bitcoin but on parallel blockchain, tell me if I'm wrong

given the success of Lightning Network, I think MintLayer will have similar success

First of all, great community call boys! And congrats on launching the Mintlayer testnet! Keep up the good work.  :)

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Is there any update on the testnet step-by-step guide? Is there already a schedule when the guide will be published?

https://i.imgur.com/4Y1Nj2f.png


Source: Mintlayer Telegram Group

I have a little trouble compiling the code (https://github.com/mintlayer/core/blob/master/docs/README.md) myself. The Github readme helps, but a guide would really be helpful. Will the step-by-step guide be available in different languages? If yes, I would write an information post for the German subboard. I am sure that many other users from the German speaking board would be interested.

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Btw, there is another communiy call on November 18, 06:30 PM. Awesome!

https://i.imgur.com/hpQZnvX.png

Source: https://twitter.com/mintlayer/status/1459392160076345344

Is it still opened to join today?

I got a link from Telegram but it was expired or the link was moved to a new one. I guess the campaign already ended. If it is still opened, please help me because I want to join it.

The project looks to be very great with more than $5.2M was secured in Seed phase and many big backers and partners.

I read but not totally understand it. It seems the project is for Bitcoin and Lightning network only. Is it compatible with BSC or Avax?

No the website is currently under maintenance but when it will be operational again you should be able to grab some MLT tokens again like that :

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No it's not the same protocol but I've read on the telegram channel that "there will be tools for creating pegged versions of BSC tokens"
Unlike BSC and Avax, Mintlayer will use a non-Turing complete language.

https://docs.mintlayer.org/whitepaper/4-decentralized-finance-defi#4.1.-script-based-smart-contracts-and-turing-incompleteness

Hey ! What problems did you encounter? Give complete technical information - which platform is hardware, operating system (including bit depth), and chronology of node installation (commands, at what stage and what happened). I will try to help you compile - everything worked out for me, not right away, tk. there are small "nuances"

Found help on Telegram. Thanks anyway!  :)

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By the way: The Mintlayer Launch Platform (https://launch.mintlayer.org/) is back online!

https://i.imgur.com/62fWfoN.png

Source: https://launch.mintlayer.org/

I had to set a new password and had a quick chat with the customer service. Worked perfectly! Anyone who can't log in should take a quick look at their email inbox.

Cool that early adopters get an additional 25 MLT. Appreciated!  :)

I did last minutes ago, I Live to Chat with customer service, Ankit Kumar on https://launch.mintlayer.org, because I can't log in also.
I have successfully received the link into my email and created a new password, and now can log in into the website. Seems like I got additional MLT to be 175 MLT now.

https://i.postimg.cc/hjF3nchd/qqq.jpg

I have carefully read https://www.mintlayer.org/mlt/ and am trying to understand a little bit how it works
so if i stake MLT in the dedicated wallet, can i withdraw bitcoin in the mainnet?

it looks a lot like the stake system, and I like that very much (i mean miamicoin and other citycoin)

That was confirmed for the early, because I just registered yesterday and complete all task, I only get 150 MLT max without reff.
I also did register for whitelist, it's about 24 hours after I complete filling additional required info, but the KYC verification is still pending. I hope, my wait won't take 1 week or longer.

150MLT is still a pretty large amount, and you're quite lucky because thanks to the new pay rates I only got 50MLT(with referrer) at the end  :P
Mintlayer seems to be a victim of its own success actually

https://t.me/mintlayer_announcements/85
 

Is the presale of Mynthlayer already over! I click on the link shared above and it leads to where kyc should be done, is this process for receiving this airdrop they are giving or for the presale?
I want to know the details before going ahead with the verification process.

staking on Mintlayer network allows you to earn fees paid in any token issued on Mintlayer. To earn Bitcoin on mainnet, you have to execute a DEX transaction between Mintlayer sidechain and BTC mainchain (atomic swap or lightning swap)

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No, the presale isn't over. On monday 22 the presale (called fair sale) on launchpool is happening. Only when it's finished (first week of december) the presale on launch.mintlayer.org starts. The KYC is required both for withdrawals of MLT from the launch platform and the whitelisting for the presale.

I have a question about the pre-sale. I have seen that if someone who has done KYC has already given $900 allocation to buy MLT tokens but can you tell me about the price for each token?
I can't find that anywhere. Is that a guaranteed allocation?
When i have done KYC verification and pay $900 for some MLT tokens and when will i get my tokens? What kind of asset that will be used by MLT tokens? Ethereum, BSC, or something else?

The price will be 0.1452$ per token according to this page https://launch.mintlayer.org/dashboard
For 900 USD you will get 6,198.347 MLT . But payments are only accepted in Bitcoin, onchain or through the Lightning Network.

I received such a message in the mail

I don't see any results of this sale on their twitter. All I see is that some people had a problem buying coins. What do you know about this or should this project be considered fraudulent?

You can't describe the project as fraudulent just because you didn't find updates about the info you received by email. Please check you email inbox if you received the email from the official Mintlayer address. Also you can check other official channels[1][2] or report the email to support or via telegram group.
Honestly, i didn't receive this email and i will wait for a confirmation from other users as the manager seems to be inactive in this topic since a long period.

[1] https://www.mintlayer.org/news/
[2] https://medium.com/@mintlayer

Bump! Since the OP is on longer active to update this thread.

It's better to join their Telegram channel (https://t.me/mintlayer) or other official social media account to get updates.

About the presale, here's their latest announcement:


FAQ's on the upcoming token sale, airdrop, and project launch https://t.me/mintlayer/76170

What's going on with the project? The community doesn't look happy at all...

Not sure what really happened but the project is still going recently they published a progress report in this month ''Mintlayer Node - May 2022 Progress Report (https://www.mintlayer.org/en/news/2022-05-03-mintlayer-node-may-2022-progress-report/)''
Social media is also active at least make a tweet almost every day and a decent place for discussion is on telegram I see the community is more active there
I see MLT is listed on CoinMarketCap but no data available.

What happened to Mintlayer is described in this article: https://www.albertodeluigi.com/2022/10/12/crypto-project-investors-money-lost-in-luxury-goods/

The telegram community passed from 40,000 users to less than 25,000. Currently I see mainly users from the group 4AM (a service paid to keep the chats active) doing copy-paste of prepared questions and answers.

San Marino removed RBB (the company that collected the money to develop Mintlayer) from the list of token issuers.

We rebranded (and upgraded) the project into Sequentia, here the telegram chat: https://t.me/sequentia_official