From its initial launch in May to the debut of the NFT marketplace and DEX, MintSwap has embarked on an incredible journey alongside our vibrant community. We’ve shared in the excitement of every milestone and eagerly anticipated what’s to come. Today, we take another monumental step forward with the official launch of MS404, MintSwap’s unique native asset and the cornerstone of its economics model. MS404 will be integral to all of MintSwap’s future plans.
The 10,000 uniquely designed NFTs, each represents not just a digital collectible, but also a key to unlocking even more exciting experiences within the MintSwap ecosystem. With the implementation of ERC-404 standard, the assets can alter between MS404 NFTs and $MST tokens, depending on holders’ individual needs and preferences, creating new avenues for trading, investment, and participation within the MintSwap ecosystem.
Embracing Innovation with MS404 & $MST
MS404 is built on the cutting-edge ERC-404 standard, a revolutionary protocol that seamlessly blends the characteristics of both ERC-20 tokens and ERC-721 NFTs. This unique combination opens up a world of possibilities for ownership, trading, and utility within the MintSwap ecosystem.
Our decision to embrace ERC-404 for MS404 is rooted in several reasons:
- Perfect Alignment: MintSwap is the first and only protocol on the Mint Blockchain to offer both NFT and token DEX functionality. The dual nature of ERC-404 aligns perfectly with MintSwap, creating a seamless and intuitive experience for users.
- Pioneering Spirit: As the first swap protocol to implement ERC-404, MintSwap is at the forefront of innovation in the NFT space. We are committed to exploring the full potential of this emerging standard and providing our users with access to cutting-edge technology.
- Innovative Economic System: MintSwap has successfully developed an innovative economic model that leverages the unique asset and product attributes of ERC-404. This novel system unlocks new possibilities for value creation and user engagement within the MintSwap ecosystem.
Benefits & Utilities of MS404 & $MST
Owning MS404 & $MST isn’t just about holding a unique digital asset, it’s about unlocking a world of exclusive benefits and actively participating in the MintSwap ecosystem. Here’s what you can expect as an MS404 & $MST holder:
- Stake to Earn: By staking your MS404 NFTs, you’ll earn a share of all trading fees generated within the MintSwap NFT Marketplace. This means that 100% of the NFT trading fees are returned to MS404 holders. When the stake to earn system is live, NFT marketplace trading fee rewards ($ETH) will be calculated and distributed to MS404 NFT stakers within a one-hour timeframe, based on the percentage of MS404 staked.
- $MINT Airdrop from Mint Blockchain: As the first DEX and NFT Marketplace on Mint, MintSwap got full support from Mint Blockchain. MS404 holders will be eligible to receive $MINT airdrops from the Mint Blockchain, providing additional value and potential for future rewards.
- Governance Rights: Holders’ voice matters! MS404 holders will have the power to participate in MintSwap governance, shaping the future direction of the platform through voting and proposals.
MS404 & $MST Economic System
MS404 Total supply: 10,000 NFT (No additional future issuance)
1 MS404 NFT = 10,000 $MST (Each MS404 NFT can be seamlessly converted into 10,000 $MST tokens)
Token Decimal: 18
The MS404 collection consists of 10,000 unique NFTs with a fixed supply and no future issuance planned. Each MS404 NFT can be seamlessly converted into 10,000 $MST tokens, the native currency of the MintSwap platform, ensuring a granular and flexible system for trading and utilizing these assets.
With the unique ability to blend token and NFT characteristics of ERC-404 standard, MintSwap forms the backbone of this innovative economic system. MintSwap is the first platform to fully harness the potential of ERC-404, creating a dynamic interplay between MS404 NFTs and $MST tokens. This pioneering model not only enhances the liquidity and utility of both forms of the assets, but also opens up new avenues for community engagement and value creation within the MintSwap ecosystem.
MS404 Allocation: A Promising Distribution
Minting Event: 30% (3,000 pieces)
A limited supply of MS404 NFTs will be available for purchase during a Minting Event. This exclusive opportunity allows users to acquire MS404 NFTs ahead of others and immediately participate in the rewarding MS404 economic system.
MintSwap Mining Rewards: 60% (6,000 pieces)
The majority of MS404 NFTs will be distributed as rewards to active participants in the MintSwap ecosystem. This allocation is divided into two important parts:
① LP Rewards: 20% (2,000 pieces) These rewards are designed to incentivize liquidity provision in key pools on the MintSwap DEX. They will be distributed over a 12-month period, with different pools receiving varying weightings. Rewards will be calculated and distributed hourly, ensuring a fair and transparent system for all LPs.
ETH/USDT Pool: 25%
ETH/USDC Pool: 25%
ETH/MST Pool: 50%
② Trading Rewards: 40% (4,000 pieces) These rewards are designed to encourage active trading on both the MintSwap DEX and NFT Marketplace. Rewards will be distributed proportionally based on the trading fees generated by each user, calculated and distributed hourly. For the DEX, trading rewards will only apply to the core pools mentioned above.
Initial Liquidity: 10% (1,000 pieces)
This allocation will be used to create the initial liquidity for the ETH/MST trading pair on the MintSwap DEX, ensuring a smooth and efficient trading experience from day one.
MS404 Minting Event: Early Portal Opens Soon
Prepare to seize the opportunity during our exclusive MS404 minting event, offering early access to acquire MS404 & $MST assets at a reduced rate and participate in the dynamic MintSwap economic system.
Minting Event Details:
Date: To be announced.
Mint Price: To be announced.
Minting Event Supply: 3,000 MS404 NFTs.
Shaping the Future with MS404 & $MST
With the launch of MS404 and $MST, MintSwap propels decentralized trading and finance on the Mint Blockchain to new heights. By innovatively bridging the functionalities of ERC-20 and ERC-721 standards, we’re pioneering new standards for versatility and utility in digital assets. The design of MS404’s economic allocations empowers our community to drive innovation and create value within the MintSwap ecosystem.
MS404 NFTs and $MST are poised to usher in a new era for MintSwap, offering users exclusive rewards, governance rights, and the opportunity to shape the future of decentralized finance. Stay tuned for more exciting developments as we continue to push the boundaries of innovation, transparency, and community engagement.
Join us in shaping the future of digital finance and experience the power of MS404 & $MST in the dynamic MintSwap ecosystem!
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