Introduction
Money is a specific equivalent that serves as a medium of exchange of value. And today many people create values, for example, popular online stores and services, owners of YouTube channels or Instagrammers, mobile games, communities of people and many, many others. They all need their own money, because this digital asset must play by their rules.
Probably many have thought about how to create your own currency? For some it is an ordinary toy, for others it is a chance to get a real working tool for integration into their own business.
In fact, in this article I do not want to talk about the technological component, because why should an ordinary entrepreneur (for example) know all this? Personally, I think that everyone should be able to build a business tool on their own in 30-60 minutes. Is it possible? Sure!
Briefly about the Minter project
Minter is a next generation blockchain network powered by the Tendermint engine. This consensus algorithm makes it easy to create, translate, and exchange values almost instantly and without any restrictions. If we speak in words that are understandable for every modern person, then Minter is the "Internet of Money" - Internet of Money - Minter. This is exactly what every businessman needs, don't you think?
There are only 2 types of coins on the Minter network: the base BIP coin and an infinite number of custom ("custom") coins. It is the BIP that is needed in order to issue your own coin (digital asset) through a special transaction.
Enough about technology? Let's get to the fun part?)
Training
Follow the link https://console.minter.network/
Click "Generate seed phrase":
Generate epidemia seed
salad soldier egg merry throw jar desk unhappy hair journey limit alone - in this case, this set of words is our key. We write this phrase into a notebook, copy it to several sources ... in other words, we do it so that it is not lost. It is very important! With the help of this phrase, we go ... and now we have a wallet, albeit with a zero balance:
What's next? Now we need a minimum amount of coins to create our own money. Imagine that an entrepreneur lives in Russia, and also uses a ruble card from Sberbank. Go to the exchanger https://coins.black/xchange_SBERRUB_to_BIP/ (this is not compulsion to action, but just a convenient option for exchanging RUB-BIP):
Exchange RUB to BIP epidemia
On this page we fill in all the required data: card number from which the payment will be made, e-mail, sender's full name, phone number, study the exchange rules and put the necessary checkboxes. Then we do everything according to the instructions, as if we were performing a regular purchase in an online store. After 5 minutes, the coins are on your wallet (and maybe faster).
Attention!!! There are tons of options for selling and buying BIP coins! Can be exchanged for dollars, Russian rubles, Ukrainian hryvnia, other digital assets, etc. You can choose the best option on the following resources:
https://minterscan.net/exchanges/
https://coinmarketcap.com/currencies/minter-network/markets
We chose the direction of exchange, purchased coins ... now the most important thing?)
We create our own digital asset
Go to your wallet again and create a coin in a few minutes.
Go to the "Coin Creation" item:
Epidemia Coin Creation
Before creating it, I want to mention one detail - the fee for the ticker length:
- 3 letters - BIP 1 000 000
- 4 letters - BIP 100,000
- 5 letters - BIP 10,000
- 6 letters - BIP 1,000
- 7-10 letters - BIP 100
If this is not very important for you, then we come up with a ticker longer than 7 letters. If you want to create something special ... you have to pay a little extra.
Next, fill in all the required fields:
Fill in all the necessary epidemia fields
1. Coming up with the name of the coin (up to 64 characters) and the ticker (described the cost above);
2. Determine the number of coins for the initial issue;
3. We indicate the volume of the reservation in the native BIP coin (the minimum amount is 10,000 BIP). It is this number of coins that will be frozen and will play a key role in the initial price of the coin. You can create coins with even a million or billion BIP reserves - it all depends on why a person needs his own digital asset;
4. Specify the CRR redundancy level. In simple words, this is the constant ratio of your own coin to the reserve, i.e. coin security indicator (capitalization). You can choose an indicator from 10% to 100%;
5. If necessary, specify the "Message text" (Payload). Here you can write, for example, a project website or a Telegram channel;
6. Click "Create".
All. The money is ready!)
How to use?
Install BIP Wallet 2.0. Download on iOS. Download on Android. Install like any other application.
After installing and launching the wallet, the application will automatically prompt you to create a new hell