
Minterest LBP token activity
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how to participate
The pioneering lending protocol Minterest was created by industry leaders to challenge existing DeFi projects by providing users with the highest long-term yield in DeFi with the aim of serving billions of TVL.
The Minterest protocol proposes DeFi 2.0; improving capital efficiency, allowing users to access a decentralized token currency market, and distributing all proceeds generated to active participants in the community. CopperThe Minterest Protocol will be available for public sale starting February 8, 2022 -
LBP token activity on the website. In this brief guide, we will show you how to participate in the Mintrest LBP token campaign.
●Before we continue, check out the following articles to learn more about our LBP token campaign:
●Why does Minterest hold the LBP token event?
Update: The MNT token purchased at LBP is the only one without a lock-up period. All other parties must accept a one-year block-by-block unlock, making LBP investors the only ones able to participate in MNT or LP staking.
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Minterest LBP token activity
The Mintrest LBP token event is the first public release of MNT tokens and the only opportunity to purchase tokens in the public sale prior to the product launch.
LBP will be set according to the following criteria:
URL: Minterest.com
Start time: 22:00, February 8, 2022, Beijing time
End time: 22:00, February 10, 2022, Beijing time
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How to participate?
1. Set up wallet
If this is your first time participating in Copper's LBP, the first thing you will need is to set up an Ethereum wallet. Copper supports two major Ethereum wallets:MetaMaskandGnosis. The purpose of this guide is to guide you through the use of the popular MetaMask wallet.
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2. Exchange ETH and ERC20 USDC
Please make sure you have some ETH in your MetaMask wallet to pay for gas fees on the network and avoid failed transactions due to insufficient funds. For an estimate of gas fees for token swaps, check out Uniswap's switching fees here. You should reserve more ETH (higher than your estimate) in your wallet, as gas fees depend on how congested the network is and the smart contracts you are interacting with.
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3. Link wallet CopperWhen you have ETH and USDC ready in your MetaMask wallet, please go to
Note: Minterest or Copper will never ask you for your private key or seed phrase.
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4. Participate in LBP token activities
When the MetaMask wallet is successfully connected, you can participate in LBP.
Note: Trading ERC20 tokens (such as USDC or MNT) in Copper requires two separate transactions: In the first transaction, you need to allow Copper to transfer USDC from your wallet, and in the second transaction actual exchange.
4.1 USDC License
To approve USDC usage, simply click on "Approve USDC usage" and the MetaMask browser extension will ask for permission to confirm approval of the transaction request. This operation (once completed) will incur a small gas fee (between $10-20) depending on the level of network congestion at the time.
4.2 Buy MNT
Once the pool contract's permission request to use USDC is approved, you can enter the amount of USDC you would like to exchange into the box and Copper will then estimate the amount of MNT tokens you will receive.
Note that the price of MNT can fluctuate rapidly during the LBP, real-time prices are reflected in the price chart, and the purchase price is displayed in the input box - read more about how the LBP works.
If you want to proceed with the purchase, please click "GET MNT"
Your MetaMask browser wallet will ask for confirmation and display an estimated gas fee for the exchange transaction. After confirming the transaction, you will see a successful transaction message on the screen.
After receiving the success message, you can view the transaction under the "History" tab, and you will be able to see your current MNT balance in the exchange window.Discord Post a dedicated channel with regular updates.
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