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The “market” is a concept that has evolved to work over thousands of years, it has existed in nature long before humans. If Hertz stock is behaving irrationally, you don’t blame the concept of the market, you blame the traders.

The market is a fool-proof mechanism that works. With IdeaMarkets, we are applying it to a new asset class: credibility.

Never before in the history of mankind, have we had the technical ability to apply the market to an intangible variable like credibility. …

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Source: Dezeen

Talent is a scarce commodity. The best companies have mastered the art of having top technical talent gravitate towards them. What is it that attracts them? Hint: it’s not money. Today, the millennial workforce values experience beyond monetary compensation. Banking on this very sentiment, companies like Google have created a Unique Selling Culture — one that helps them compete for talent effectively.

It’s the delicious food, the wavy hammocks, the trippy interiors, the nostalgia inducing arcade machines. Money is fungible. The best start-ups understand this. They also understand that what’s not fungible is culture. It’s unique. You can’t replicate it. If you differentiate based on culture, there is no real competition. Thousands of start-ups have USC to attract the very best of the valley and the world. …

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Image Source: Inc.com

Business has evolved over thousands of years. It’s a beautifully architected system of operation with a lot of fundamental concepts well established and engrained into common-knowledge — concepts like the one of a CEO. Every organization needs a CEO. It’s a legal requirement. It’s how we allocate accountability to satisfy shareholders. Over thousands of years, business has evolved into a structured hierarchy. It has evolved to have a leader, have a chain of command. It has evolved into being scalable. My father often says “if humans can live for a hundred years, why do companies die so young?”. …

On the 9th of December, about 10 days ago, we launched MintFlint publicly. A lot has happened over the last ten days, including our launch party at Dctrl on the 14th of December! In this spirit, I thought there’s no better time to look back over the last 10 days and outline all that has happened and what we’ve learned.

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Binance APIs

Perhaps the most recent event and the most obvious one to talk about at the moment. Two days ago, we went over Binance’s API request limit (100k per 24 hours) and were banned from making new requests. The volume of requests increased drastically as more users connected their exchange accounts because of the Matic airdrop. …

MintFlint will be airdropping to all XEL holders with an IOS device, an Android version of this airdrop will follow in February 2020.

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Exchange (Bittrex)

If you’re holding your XEL on an exchange, you do not have to move them, you can simply connect your exchange to MintFlint using view-only API keys. Note: MintFlint only accepts view-only API keys.

  1. Login to Bittrex and go over to “Settings” in the top right corner.
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We’ve come a long way at MintFlint. We’ve spent the last few weeks in public beta, having users from all over the world try out the platform and improving it everyday. We’ve released more than 40 builds/updates in both, public and private beta. Currently, we’re at 32 daily active users and have generated a revenue of over 270+ MTF just this week. 270 MTF. That’s users utilising MintFlint for its utility, not for trading, monetory gain or speculative purposes. For utility. Today, we were approved by Apple for the AppStore and will be making our appearance on the market soon.

As the year ends, there is no better time to outline our vision for 2019. …

At MintFlint, we’ve been taking some big decisions and steep turns. Over the last few weeks, we’ve decided to be airdrop only, beginning the process of refunding all token sale participants. We’ve also decommissioned the development of our staff management platform to focus on MintFlint Voting. But why?

Most utility tokens out there are being traded for speculation, and that’s no surprise to anyone who has been in the cryptocurrency market. When was the last time you utilised a token for its utility? When you saw that a service required you to purchase their tokens, and you went onto an exchange to buy the utility token? It doesn’t happen, and the statistics show that. In one case, DigiPulse said in an article published recently, announcing the company’s detokenisation, “Out of the 320 service sign-ups we’ve had until July 25th, only 2 people have actually allocated tokens to the service, meaning that only 2 people have actually used the DGPT token for its main purpose.” …

In its reserves, MintFlint owns 18% of the token supply. We will Hodl (hold), MTF and continue to do so. As adoption for the platform grows and demand for MTF increases, there would be an increase in the price of MTF and therefore reflect an increase in our revenue. Using this method, we’re able to directly incentivise MintFlint with the adoption of the platform, its quality and usability.

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When it comes to MintFlint Voting, revenue is generated from a voting fee that is paid using MTF. In order to launch, or participate in votes on MintFlint’s Decentralized Voting app, users are required to pay using a MTF token. …

About

Sam Ratnakar

Core Team DefiPedia

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