Introducing MNT: Democratising the Minutes Market
MNT, the proprietary token of Minutes Network, is a revolutionary initiative that aims to democratize the international minutes market. It converts net revenues into MNTs and distributes them as rewards to network participants.
Rewarding Mintech, Stakers, and Users
Minutes Network rewards three specific groups for their contribution to its operational performance and expansion. Mintech, the innovation hub, receives 15% of the total rewards to support service development. The network’s switch and validation node stakers share 60% of the rewards through an algorithmic burn formula. Additionally, 25% of the tokens are distributed among network users, callers, and callees.
Securing Nodes for Network Operations
To ensure uninterrupted service and growth, Minutes Network offers Switch Nodes and Validation Nodes. There are 500 Switch Nodes available at a cost of 50,000 MNT each, while 2,500 Validation Nodes cost 10,000 MNT each. These nodes provide capacity and security for the network’s operations.
Token Utility for Users
Minutes Network allows users to link their phone numbers to custodial wallets accessed through the MNT token portal. Users can utilize token rewards to purchase low-cost international minutes through the integrated MNT dialer.
The Unique Value of MNT
Houssam Berry, Head of MNT token, highlights the groundbreaking nature of tokenization in telecommunications. He expresses excitement about sharing value with all those who contribute to Minutes Network’s success. The limited supply and deflationary mechanisms make MNT a unique proposition.
About Minutes Network Token (MNT)
MNT is a limited supply utility token used within the Minutes Network ecosystem. Minutes Network Token LLC is registered in St. Vincent & the Grenadines.
Hot Take: Transforming Telecommunications with MNT
MNT is revolutionizing the telecommunications industry by leveraging blockchain technology to reward participants and democratize the minutes market. By providing incentives for innovation, securing network operations, and offering token utility to users, Minutes Network is setting a new standard in the industry. With the overwhelming interest in their private sale, MNT is poised to make a significant impact sooner than expected.
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