Minto Monthly Report Jun’23

Minto
2 min readJul 24, 2023

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The first and almost the second month of summer have passed. There were a lot of events and long-awaited updates.

All in short order.

We have completed the website and dashboard update. Now they are functioning independently of each other for convenient work on the website and for fast user interaction with staking and withdrawing funds in the dashboard.

The website is here: minto.finance
The dashboard is here: app.minto.finance

This month we proposed a vote to move almost all the remaining tokens from the HECO network to BNB to minimize the risks of liquidity loss associated with the possible HECO chain shutdown. As a result of the community vote, where 100% voted in favor, we transferred liquidity from HECO and burned 2,259,258 tokens (proof 1, proof 2, proof 3, proof 4). After that, we minted the withdrawn tokens on the BNB and transferred them to the PancakeSwap liquidity pool.

Our Head of US Sales, Bryan Johnson, took part in an AMA session with WhaleCoinTalk.

Also, we held a BTC prediction contest (and almost guessed the price of BTC in July) on TG and Twitter. Join us there, we will be holding more of these!

Let’s move on to the

📈 numbers:

Hypothetical results with 100% uptime:

Mined: 5.3249 BTC (144 857 USD)
Electricity cost: 164 657 USD
Net profit: -19 800 USD

Actual results with 65% uptime:

Mined: 3.6472 BTC (98 920 USD)
Electricity cost: 76 207 USD
Net profit: 22 713 USD

We continue to work and develop, more changes are still to come. We’ll tell you everything in the next two months. Stay tuned!

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