We are excited to announce that we will launch the Mintera ecosystem on Arbitrum, a layer 2 scaling solution for Ethereum. This move will allow us to provide our users with lower fees and improved accessibility to our investment products, while still benefiting from the security and reputation of the Ethereum ecosystem.

Why we chose to issue MNTE on Ethereum

When we conceptualized Mintera and MNTE we chose nothing but the best for our ecosystem.

We chose to issue the Mintera Token on Ethereum because it is the most reputable, popular, and secure blockchain ecosystem. Ethereum is the most prominent web3 hub, boasting one of the largest communities of users, developers, and an impressive range of decentralized applications. Ethereum also offers interoperability with many systems, which is essential for our investment products that rely on smart contract functionality.

Since the switch to Proof-of-Stake, Ethereum is also extremely energy-efficient, which is an essential part of our sustainability strategy.

However, while there are many plans to improve the transactional capability of Ethereum, the chain itself is not very scalable yet and transaction fees can get expensive.

MNTE will remain on the Ethereum blockchain, but we’re expanding our ecosystem to a layer 2 solution in order to improve its accessibility.

What is Arbitrum

Arbitrum is a layer 2 scaling solution for Ethereum that aims to improve the scalability and efficiency of the network. It uses a unique approach to achieve this by utilizing off-chain computation and verification, while still maintaining the security and decentralization of the Ethereum blockchain.

Arbitrum’s rollup technology allows for large volumes of transaction processing outside of the Ethereum chain, with the outcomes recorded on the main Ethereum chain.

Using the Arbitrum Bridge, you can send ERC-20 tokens (like MNTE on layer 1) to Arbitrum (layer 2); as well as deploy decentralized applications and smart contracts on the layer 2.

Arbitrum One is the first implementation of this technology and has already gained significant traction in the blockchain industry. It is one of the most popular layer 2 solutions, with the support of some of the biggest web3 projects like Uniswap.

Generally, layer 2 projects like Arbitrum are expected to be vital stop-gap solutions for Ethereum’s scalability challenges.

The advantages of using Arbitrum

Building the Mintera ecosystem on Arbitrum means that most of our investment products and services will be on Arbitrum. This will allow our ecosystem participants to benefit from:

• Lower transaction fees
• Quicker transactions
• Easier large-scale token distributions like airdrops
• Reversibility via bi-directional asset transfers between Layer 1 and Layer 2
• Our investment products like GMY will be accessible to smaller investors as the yield distribution will be much cheaper.

Arbitrum is a booming ecosystem showcasing very strong growth and momentum. We believe that building on this layer 2 can also allow Mintera to profit from that growth and to take part in the early stages of a revolutionary technology.

What it means for MNTE holders

Right now, Mintera community members do not have to take any action. The prévente MNTE will stay on Ethereum as planned, and tokens will be distributed on the layer 1.

Once the Mintera platform is released in May, MNTE holders will need to bridge their tokens to Arbitrum One to access Mintera’s investment products like the Green Mining Yield. However, the bridge will be integrated into our platform and app, making it a seamless experience for users.

Additionally, users will be able to switch back to layer 1 MNTE whenever they want. We are also working to ensure that exchanges that will allow for depositing and withdrawing MNTE will be compatible with Arbitrum.

Implementation roadmap

We are committed to ensuring that our users have access to our investment products on Arbitrum as soon as possible. Building on Arbitrum does not push back our roadmap, and we still plan to release the beta version of our platform and first investment product in May.

Our implementation roadmap includes having a functioning bridge in place before the release of our platform in May 2023. This will ensure that our users can access Mintera’s investment products on Arbitrum from day one.

In conclusion, we are excited about the opportunities that deploying our ecosystem on Arbitrum will bring to Mintera and our users. The lower fees, improved accessibility, and booming ecosystem on Arbitrum One will allow us to continue providing our users with high-quality investment products while also expanding our reach and impact in the blockchain industry.