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Public Mint

Public Mint Community Updates #5

Sep 17, 2021 | Building up to the launch of EARN: a glimpse on what’s coming next

Roundup of the past months

  • MINT Rewards Program: the MINT-only rewards program has been running seamlessly on the Public Mint blockchain for the part 6 weeks, with rewards being paid at a rate of 20% APY straight into the Public Mint addresses of everyone who have gone through the token migration, as outlined in this article. There are over 9 million MINT tokens now in our blockchain, with more being brought in. This version of the program will run until January 17, 2022, when the 2-way bridge will become operational, and it will be revisited to include governance incentives. It’s our plan to keep incentivising early adopters and liquidity, with a potential new program to incentivise USD and USDC liquidity in planning. For more information, check out this guide.
  • Metamask integration: we have laid out the instructions for connecting to the Public Mint blockchain via Metamask. This means users have another option to connect to the Public Mint ecosystem using familiar Ethereum-based tools. The crucial thing about this is that users will be able to use Metamask (configured for Public Mint) to access upcoming DApps in our network — including community-built ones that have been in the works by our amazing developer community. The next steps are to create an easy, one-click way of configuring the network to Metamask wallet from within our wallet interface, which should come in the next months after EARN is launched.

EARN Program Launch | Preliminary plan

We have been working tirelessly to put together all the key components of EARN, including technical integrations, compliance, FinOps, and QA of the earning and connectivity mechanisms.

Stage 1 | Waitslist and creating hype

Starting in early October

Stage 2 | Beta limited launch

Starting at end of October/Early November

Stage 3 | EARN unrestricted launch

Starting at mid- to late November

What comes next

This is by no means a static plan, and we shall be testing, measuring and reassessing our strategy in the light of new information/feedback that will inevitably arise.

About Public Mint

Public Mint is an open and complete blockchain platform for fiat money, where funds are fully collateralized and held on deposit with regulated, FDIC-insured institutions. Public Mint offers an open, fiat-native blockchain and APIs, ready for anyone to build fiat-based applications and accept credit cards, ACH, wire transfers, stablecoins and more. On top of that, the Public Mint EARN platform offers users automated and diversified returns on USD assets, leveraging the power of blockchain and DeFi.

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