[ANN] Mintlayer - Decentralized Finance on Bitcoin | DEX | Tokenization

[Joerii]

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

[1714590537]

1714590537

[1714590537]

1714590537

[dragonvslinux]

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 

The sidechain announces its testnet on the 10th of November 2021. It enables tokenization, staking, lending, and DEXs for native BTC.

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

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

[Porfirii]

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?

[nira09]

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)?

[terciduk123]

I am very excited to participate in your signature campaign.

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

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

[RaltcoinsB]

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

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.

[Alberto De Luigi]

~

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". 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.

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

[Stedsm]

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?

[TastyChillySauce00]

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?

I just go a newsletter from sovryn announcing the Mynthlayer sale on the sovryn dex by Monday, the sip was approved eventually,  good news to all who are eagerly waiting to get their hands on Mynthlayer project, it is happening soon so get your rbtc ready for those who are familiar with the sovryn dex.

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

[Alberto De Luigi]

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.

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.

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

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

I just go a newsletter from sovryn announcing the Mynthlayer sale on the sovryn dex by Monday, the sip was approved eventually,  good news to all who are eagerly waiting to get their hands on Mynthlayer project, it is happening soon so get your rbtc ready for those who are familiar with the sovryn dex.

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

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.

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?

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]

[bullrun2024bro]

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



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.

[giammangiato]

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.

[Saint-loup]

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



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.

That's a great news!   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  

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.

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.

[Chikito]

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.

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.

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.

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.

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?

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

[giammangiato]

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.

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

[bullrun2024bro]

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


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

Are you ready!? The Mintlayer testnet is officially launched! Soon, we will have a comprehensive step-by-step guide for installing and running a node. You can get an early start today if you are comfortable working with GitHub and compiling code yourself.

Source: Mintlayer Telegram Group

I have a little trouble compiling the code 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.


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



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

[tbct_mt2]

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

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?

[Saint-loup]

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

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.

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 :

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 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.

Both EVM and WASM are Turing-complete, which means that the system can process whatever rule-set of data manipulation, opening up virtually infinite possibilities for developers to create smart contracts. Instead, Mintlayer uses the Bitcoin-like script-based approach: it is non-Turing complete and therefore limited by a determined set of rules that must be followed. This approach sacrifices some versatility in exchange for higher safety, sustainability, and speed of validation.
Generally, script-based smart contracts tend to produce less network pollution and execute faster than Turing-complete contracts, thus ensuring a more manageable environment for developers. On the contrary, complicated architectures on blockchains end up causing more issues than benefits: having endless possibilities might end up clogging servers, while at its core, a Turing-complete system is not even required by most blockchain applications.
[...]
It is one of the main reasons why Solidity smart contracts have shown a higher probability of breaking over time: among the historical failures, more notable ones are the DAO hack and Parity's multiple signature validation program. On the other hand, the possibilities provided by a script-based system are sufficient and proportionate to the purpose of Mintlayer’s DeFi and DEX functionalities, without incurring the risks of Turing completeness. By combining several simple scripts, it is possible to produce highly advanced contracts.

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

[DrBeer]

....
I have a little trouble compiling the code 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.
....

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"

[bullrun2024bro]

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!  


By the way: The Mintlayer Launch Platform is back online!



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!