MINTLAYER#1

I’m always trying to find the right narrative and one sector that recently caught my attention is this BTC beta and projects around it.

Thus, one project that I started to look at recently is @mintlayer, a pioneering Bitcoin layer 2 platform, designed to revolutionize various sectors including DeFi, smart contracts, atomic swaps, NFTs, and DApps.

Right now it’s price is around 0.44$ and I think it’s a bit undervalued.

With a focus on enhancing Bitcoin DeFi interoperability, Mintlayer pioneers a blockchain ecosystem enabling trust-less Staking, Lending, and Borrowing with $BTC.

🧵 Here’s my review of it. ⬇️

1/

Mintlayer is poised to become a nurturing ground for developers seeking to craft dApps with real-world utility, thereby shaping the future landscape of finance through the inherent decentralization of Bitcoin.

Emphasizing scalability, decentralization, and privacy, its architecture integrates advanced elements such as transaction batching and seamless Lightning Network compatibility.

2/

Let’s take a look at their token. $ML

Mintlayer boasts enhanced security and privacy functionalities in contrast to Ethereum. The native token $ML offers a spectrum of utility, including:

Empowering Staking and Governance.

Serving as fees for accessing exclusive protocol features (e.g., Tokenization).

Token holders will have the versatility to engage in a multitude of platform activities, spanning from covering transaction fees to participating in staking, and even engaging in speculative trading.

Moreover, the token will play a pivotal role in governance, serving as a key instrument in shaping the future trajectory and development path of the network, as determined by the dedicated development team.

3/

When it comes to tokenomics, it has a firm limit set at 600 million tokens, and Mintlayer allocates 400 million pre-mined tokens for the initial launch. The remaining 200 million tokens will serve as incentives for block creators until the entire token supply circulates within a decade.