What is Mintlayer (ML)?
Mintlayer is a layer 2 solution that allows users to build a decentralized finance ecosystem rooted in the established network of the Bitcoin blockchain opening Bitcoin to DeFi, smart contracts, atomic swaps, NFTs, and dapps.
Mintlayer is a protocol focused on developing a decentralized finance (DeFi) ecosystem that leverages the Bitcoin and Lightning Network.
The company's vision is to develop a platform to deploy smart contracts on the BTC blockchain, which will eventually give rise to a decentralized exchange (DEX). Mintlayer is opening up new ways for the DeFi sector to integrate with Bitcoin to enable real-world financial use cases on the Bitcoin blockchain.
Mintlayer USP - Atomic Swaps
While other projects are trying to enable DeFi on Bitcoin, Mintlayer is the only protocol that enables direct 1:1 swap of Native Bitcoin for other tokenized assets Minted directly on Mintlayer. With these atomic swaps on Mintlayer, there are no intermediaries, peg-in, wrapped, or federated tokens. No other project has approached asset swaps in this manner, and it enables users to use native Bitcoin for financial instruments without counterparty or intermediary risk.
Additional Features:
-Unlike Ethereum, users can choose any token to pay transaction fees.
-With Turing incomplete smart contracts, Mintlayer reduces the risk of contract failure and increases outcome predictability. This feature also reduces on-chain congestion.
-It has an access control list or Access control list (ACL) for improved compliance with security tokens such as whitelisting/blacklisting addresses and such functionalities.
-With multi-token transfers in a single transaction, Mintlayer makes aggregated payments a reality.
-By integrating the Lightning Network, Mintlayer users will enjoy high transactions per second to enable fast transactions.
-This project also has programmable pools for efficient tokenomics and evading Unspent Transaction Output (UTXO) pollution.
Where is Mintlayer available for purchase?
You can exchange ML tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Mintlayer is Bitget, notably the ML/USDT pair, which saw a trading volume of $ 90,707 in the past day. Additionally, MEXC and BitMart are popular alternatives for trading tokens.
What is the highest value Mintlayer (ML) has ever reached?
Mintlayer (ML) reached its peak price at 0.9883 $ on 11 January 2024, approximately 2 years ago ago. Presently, the current price is -97.41% lower than this all-time high.
What is the historical minimum price for Mintlayer (ML)?
The minimum price reached for Mintlayer (ML) was 0.02136 $, documented on 10 September 2023, more than 2 years ago. In comparison, the current price is 19.53%, it above this historical low.
What is the fully diluted valuation of Mintlayer (ML)?
The fully diluted valuation (FDV) of Mintlayer (ML) stands at $ 10,47 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 600,000,000 ML tokens. The realization of this FDV might take several years depending on the emission schedule of ML tokens.
How to add Mintlayer (ML) to MetaMask?
By integrating Mintlayer (ML) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import ML as a token. You can either manually import ML by copying its contract address (0x059956483753947536204e89bfad909e1a434cc6) or use MetaMask's Chrome extension to add ML with a single click through P.CASH.
How to add Mintlayer (ML) to TrustWallet?
Incorporating Mintlayer (ML) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include ML, you can either manually import it using the contract address (0x059956483753947536204e89bfad909e1a434cc6) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
IMPORTANT DISCLAIMER:
The information presented on our website and associated platforms is sourced from third parties and is intended for general informational purposes only. We do not guarantee the accuracy or timeliness of this content. None of the information provided should be construed as financial, legal, or other professional advice tailored to your specific needs. Your use of this content is at your own discretion and risk. It's important to independently research, evaluate, and verify the information before relying on it. Trading carries significant risks, so it's advisable to consult with a financial advisor before making any decisions. Our content is not intended to solicit or offer any services.