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HomeCOINSWhat Is MintStarter (MINT)? Complete Guide Review About MintStarter.

What Is MintStarter (MINT)? Complete Guide Review About MintStarter.

What Is MintStarter (MINT)?

The MintStarter platform additionally consists of a native token, $MINT, a multi-functional asset with various deflationary and buy-back mechanisms, used for the advertisement and promotion of various NFT collections on the Mintstarter.app front page, in addition to providing token holders who stake their $MINT tokens access to unique NFT collection drops. The Mint platform eliminates the reliance on trust from potentially malicious blockchain developers, in addition to avoiding the high costs and technical hassles associated with the manual coding of smart contracts.

Utilizing the Automated Collection Creator is as simple as uploading the NFT design, choosing whether the creator or users cover the minting costs, specifying any metadata or variables, and clicking create. The vision of the starter platform is to become the most widely adopted launchpad for NFT collections across all blockchains, initially starting on Ethereum and Polygon, eventually branching out to the Binance Smart Chain (BSC), Avalanche (AVAX) and Solana (SOL) blockchains.

MintStarter Storage Key Points

Coin BasicInformation
Coin NameMintStarter
Short NameMINT
Circulating SupplyN/A
Total Supply100,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Non-Fungible Tokens

Non-Fungible Tokens (NFTs) are a type of non-interchangeable unit of data stored on a block chain, which may take in any input, such as JPEG, txt, mp3, mp4, and other additional meta data, including creator information, attributes, rarity and file description, and creates a unique digital fingerprint transactional identification as an output. The nature of NFTs, each being uniquely identifiable, makes them different from traditional blockchain crypto currencies, such as Bitcoin and Ethereum, which operate on an unspent transaction output (UTXO) and account model, respectively.

Within four years, NFTs have become viral and a worldwide phenomenon, through the creation of various NFT collections such as Crypto Punks, Bored Ape Yacht Club and Axie Infinity, with collections such as Crypto Punks having a price floor (lowest market price an NFT is available for sale) of 67.4 ETH, or $212,867, as of writing this whitepaper. NFTs were first developed in 2018 by William Entriken, Dieter Shirley, Jacob Evans, and Nastassia Sachs as a new innovative token standard for the Ethereum blockchain.

What is Mintstarter?

The MintStarter Platform (https://www.Mintstarter.app) is a novel, decentralized, safe and fully audited cross-chain NFT minting platform which enables creators and individuals to launch NFT collections by simply inputting data like a token presale to create an NFT drop page to share with the community, who can inherently mint the NFTs on flawless and audited technology. It is the first presale style launchpad for an NFT collection ever launched.

Mission

In order to successfully launch an NFT collection, an individual usually requires access to three integral people, including an NFT digital artist, a blockchain or smart contract developer, and lastly, a project/collection marketer. Blockchain and smart contract developers are often scarce, incredibly costly, and often malicious – frequently stealing intellectual properties, installing backdoor and rug-pull mechanisms that facilitate the instant drainage of a user’s funds and liquidity. Therefore, the team behind The MintStarter Platform have created an easy-to-use page that allows anybody to create and mint their own NFT collections in the form of a typical PinkSale or DXSale presale.

The $MINT Token

The $MINT token is The MintStarter Platform’s native multi-utility token that powers The Mint starter Ecosystem. The $MINT token will serve a variety of use cases, firstly being a token in which the community may choose to hold, in turn, sharing in the various successes and achievements made by The starter Team. Secondly, the $MINT token will be utilized for promotional purposes to secure an NFT collection placement on the starter front page.

This process requires the collection creator to purchase the $MINT token at the current market price and then use it as a payment for a promotional placement, in which the tokens are permanently burned and removed from the total circulating supply. This mechanism is deflationary, constantly decreasing the $MINT token supply and increasing demand and token price.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .