Matic + MintFlint: airdrop to Matic holders and migration
We’re very excited to announce MintFlint will be leveraging Matic as our scaling solution. We will also be airdropping Flint to all Matic holders.
MintFlint is all set for its market launch in December. MintFlint and the Flint token will be released into circulation simultaneously. Holding Matic will be the only way to get your hands on FLINT tokens.
For those who are novices to MintFlint, the platform allows traders to subscribe to other traders and be notified when they buy/sell coins. Traders can also challenge each other based on portfolio performance.
MintFlint has been in-the-making throughout the last 12 months and is not an ICO/IEO which means we leverage airdrops to release Flint tokens into public circulation.
MintFlint airdrop to Matic Holders
Alongside the migration to Matic, the airdrop will be carried out in the second week of December, on the same day as the launch of the app.
Airdrop Date: 9th December
1 Matic = 0.02 Flints
500 Matic = 1 Flint
Total airdrop: 20 million Flints
Holding Matic on Binance will be supported.
Instructions on how to claim your Flint tokens can be found here.
Why are we migrating to Matic?
Here’s how this adds value to MintFlint and its users.
We’ve been on the lookout for a scalability solution for a long time now. Matic allows us to maintain our ERC20 standard and continue to use our current infrastructure while saving the project thousands of dollars in gas fees. Without Matic, a Flint airdrop would cost over $5k in gas. With Matic, we pay less than $50.
Leveraging Matic allows us to scalably support seamless withdrawals of Flints beyond the MintFlint platform; traders don’t have to pay gas when they withdraw. We cover the gas fees and we can do that because with Matic, they’re 100th the price. Traders can always exit to the Ethereum main chain.
What is Matic?
Matic Network is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators.
What’s next?
We’re hyped to be working closely with the Matic team to bring MintFlint onto Matic and FLINT tokens to Matic holders.
