What is Mint Club?

Source: Mint.club

Mint Club is a blockchain protocol that provides users with a seamless way to create bonding curve-backed tokens or NFTs across different blockchain networks. The protocol uses an ERC-20 token as the base asset.

Mint Club enables users to create tokens backed by a bonding curve. A bonding curve is a mathematical curve that manages or determines the price of cryptocurrencies or tokens based on their supply. Thus, the price of a cryptocurrency backed by a bonding curve will often change based on its supply.

One major advantage of the Mint Club platform is its numerous tools, which make token creation easy. The platform also allows users to create tokens across different blockchain networks, including Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche, and BNB Chain, enhancing flexibility and greater adoption among users.

History of Mint Club

Mint Club was founded in 2021 by a team of developers led by YoungHwi Cho. While little information about its core development team is available, the Mint Club platform was created to allow users to create and manage their tokens easily and seamlessly.

Since its inception, the Mint Club platform has attracted several crypto investors and venture capitalist firms, including Binance, Capstone Venture Group, and AKA Ventures, raising millions of dollars in investment rounds.

Due to its amazing creation and customization tools and features, the platform has attracted creators and users, who also leverage its unique monetization feature while enjoying the creative aspects of blockchain.

How Does Mint Club Work? Tokenization, Bonding Curve-Backed Tokens and NFTs

Tokenization

Tokenization is the process by which tokens are created on a blockchain platform. Two types of tokens can be created on the Mint Club platform:

• The Bonding Curve-Backed Token (ERC-20)
• The Bonding Curve-Backed Non-Fungible Token (ERC-1155)

Bonding Curve-Backed Token (ERC-20)

Bonding curve-backed tokens are ERC-20 tokens that can be created using another ERC-20 token as the base asset for the token’s bonding curve pool. These tokens are usually created and customized using the “bonding curve asset wizard” tool in the Mint Club platform.

Although the bonding curve-backed tokens are ERC-20 tokens, an ERC-20 token is also used as a base asset for tokenization or creation. This is vital as it allows the bonding curve-backed token to mint or burn with the base asset.

To create a bonding curve-backed token, connect your wallet and visit the “create page” to access the bonding curve asset wizard tool. To launch the token, follow the steps and substeps outlined below:

Step 1: Set the Token Information Detail

Source: mint.club

To set the token information detail, follow these steps;

• Select the asset type as a token (ERC-20).
• Select the blockchain network for issuing the asset – Ethereum, Base, optimism, Arbitrum, Polygon, among others.
• Choose the base asset.
• Name your token and assign it a symbol. The symbol should not exceed 6 letters.
• Set the royalty rates. This rate should be between 0% and 50%.

Source: mint.club

Step 2: Bonding Curve Design

Mint Club offers a range of tools that allow users to customize and design their bonding curve, providing maximum flexibility.

Source: mint.club

To design the bonding curve, follow the steps outlined below;

• Choose your preferred curve type – linear, exponential, logarithmic, or flat line.
• Set the price variation intervals from 1 to 100. The intervals determine the number of steps for equal price levels throughout your token journey. A higher interval creates a smoother curve, while a lower one creates a step-like curve.
• Define the token specifications, such as the minting supply, which caps the total number of tokens that can be minted.

Source: Mint.club

• Customize your bonding curve by adjusting step price ranges.
• Review your token structure before deployment.

Step 3: Deploy the Bonding Token

Source: Mint.club

This is the final step, where you review the bonding curve-backed token before deployment. Ensure you read the checkbox carefully before the deployment, as no change can be made after the token is launched.

Bonding Curve-Backed Non-Fungible Token (ERC-1155)

Bonding curve-backed non-fungible tokens in the ERC-1155 standard are created using an ERC-20 token as the base asset. The ERC-1155 standard allows the creation of fungible, non-fungible, and semi-fungible tokens in one standard.

To create bonding curve-backed non-fungible tokens, connect your wallet and visit the “create page” to access the bonding curve asset wizard tool. To launch the token, follow the steps and substeps outlined below;

Step 1: Set the NFT Information Details.

Source: Mint.club

To set the details about the bonding curve-backed NFT, follow these steps;

• Select the asset type as NFT (ERC-1155).
• Select the preferred blockchain network, including Ethereum, Base, Optimism, Arbitrum, Polygon, and Avalanche.
• Choose the base asset.
• Name your NFT collection and assign it a symbol. Ensure the symbol is unique and does not exceed six characters.

Source: Mint.club

• Set the royalty rates between 0% and 50%.

Step 2: Bonding Curve Design

Source: Mint.club

To design the bonding curve for the NFT, follow these steps;

• Choose a curve type – linear, exponential, logarithmic, or flat line.
• Set the price variation from 1 to 100.
• Define the NFT specifications.

Source: Mint.club

• Customize the bonding curve by adjusting the step price ranges.
• Review your NFT structure before deployment.

Step 3: Deploy the bonding curve-backed NFT

Source: Mint.club

• This is the final step where you conduct a final review of the bonding-curve backed NFT before it is deployed. Ensure you read the checkbox carefully before the deployment, as no change can be made after the NFT is launched.

Features of the Mint Club: Creator-Free Minting, Airdrop, Lock-up, Logo and Website, Creator Royalty

Creator Free Minting

The creator-free minting tool allows users to allocate a certain number of bonding curve-backed tokens or non-fungible tokens (NFTs). This feature does not require any base asset and is ideal for private sales or community airdrops that promote a project.

Bonding Curve Design

The bonding curve design tool allows users to customize their bonding curves in any way they like. This feature is beneficial because it provides Mint Club users with maximum flexibility.

Airdrop

The airdrop tool significantly enhances the growth of projects in the Mint Club blockchain platform. Its unique feature is its overly simplified nature, which makes it very easy for users to use.

To set this airdrop feature, follow the steps outlined below;

• Access the “Lock-up/Airdrop” menu by connecting your wallet and clicking on your address tab.

Source: Mint.club

• On the Lock-up/Airdrop tool page, click “Create Airdrop.”

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• Select the asset type, blockchain network, and the specific token/NFT for the airdrop.

Source: Mint.club

• Name your airdrop and set up the airdrop pool. Then, define the total number of tokens and recipients to calculate the claimable amount per wallet.

Source: Mint.club

• Choose between private and public airdrop modes. Public mode allows anyone to claim until the pool is empty or the period ends. In private mode, only pre-specified wallets can be claimed. Add multiple eligible addresses as needed.

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• Implement a “first-come-first-earn” approach by adding more addresses than the recipient count.

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• Set the airdrop duration with start and end times. Ensure you review all details before deploying, as no changes can be made after deploying.

Source: Mint.club

• After deploying the airdrop, you can manage it from your dashboard, which is accessible via the bottom tab on the airdrop tool page. This dashboard allows you to view the whitelist, monitor the current status, and, if necessary, cancel the airdrop.

Source: Mint.club

• Should you decide to cancel an ongoing or scheduled airdrop, it will cease immediately. Any tokens in the airdrop pool will be returned to your wallet. Be aware that canceling an airdrop is a final decision and cannot be reversed.

Source: Mint.club

Lock-up

The lock-up tool allows users to set a specific period during which the bonding curve-backed tokens or NFTs are non-transferable. This feature enhances commitment, as details about the locked-up token are available to anyone interested in viewing them.

To set the lock-up feature, follow the steps outlined below;

• Connect your wallet and access the “Lock-up/Airdrop” menu.

Source: Mint.club

• On the Lock-up/Airdrop tool page, select “Create Lock-up.”

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• Choose the asset type, blockchain network, and the specific token/NFT for the lock-up.

Source: Mint.club

• Name your lock-up, set the number of tokens/NFTs to lock, and specify the unlock time.

Source: Mint.club

• To designate a different recipient address, toggle the switch and input the chosen wallet address.
• Ensure all details are correct before deploying, as lock-ups cannot be canceled once initiated. The tokens will become unlockable only after the set period.

Source: Mint.club

• After deploying the lock-up, you can manage it from your dashboard, which is accessible via the bottom tab on the lock-up tool page. This dashboard lets you monitor the status and claim the unlocked tokens/NFTs.

Logo and Website

The logo and website are featured on the Mint Club platform, which allows token and NFT users to update various details about the bonding curve-backed tokens and NFTs, including the logo image, chart background image, and project website information.

Creator Royalty

Creator royalty is a unique feature that allows token and NFT owners to set royalties, which are payments that are usually sent to a creator whenever his asset is sold. The feature allows creators to set a percentage from 0% to 50% on their digital assets, enabling them to monetize their projects.

What is the MINT Token?

The MINT token is the primary token of the Mint ecosystem. It was issued on the BNB smart chain via the Mint Club V1 contract and was created to enhance the bonding curve mechanism in the web3 world.

It has a total supply of 1,149,363,840,000 (1.14 trillion) and a non-inflationary economic model, meaning no new tokens would be mint. The MINT token promotes bonding curve mechanisms, creating bonding curve-backed tokens and NFTs in the Mint ecosystem.

Other Tokens: MINTDAO and CREATOR Tokens

MINTDAO Token

The MINTDAO token is the governance token of the Mint Club ecosystem. As such, it allows its holders to take part in the decision-making process, enabling users to propose or vote on important updates or changes.

CREATOR Token

CREATOR token is a utility token in the Mint Club ecosystem that allows token creators to access premium features in the Mint Club blockchain network. Some of the premium features that the CREATOR token can unlock include;

• Personalized asset page design
• Bidding for top placements
• Development of custom pages and interfaces

The MINT Tokens’ Revenue Buy-Back and Burn Mechanism

Mint Club’s core team has implemented a revenue buy-back and burn mechanism for the governance token, the creator token, and the grant token. This mechanism helps strengthen the MINTDAO token’s governance role and facilitates premium features for the CREATOR token. Additionally, it improves marketing and Grant Rewards Program (GRP) efficiency for the GRANT token.

The allocation rate issued by the Mint Club team for the Buy-back and burn mechanism is highlighted as follows:

• MINTDAO (Buy-Back and Burn 50% of Mint Club’s Revenue)
• GRANT (Buy-Back 50% of Mint Club’s Revenue)
• CREATOR (Buy-Back and Burn 100% of Mint Club’s Revenue)

The Mint Club Ecosystem

The Mint Club ecosystem supports assets from 16 different blockchain networks. Some of these include the ApeChain, Arbitrum, Avalanche, Base, Ethereum, Optimism, and Sepolia. Over 3,100 meme tokens and over 2,300 NFTs are hosted on Mint Club. Some famous parent tokens in the Mint Club ecosystem include Degen, BirdPing, Hunt Token, and Shibarium Bone.

Notably, the Mint Club ecosystem currently possesses just a handful of stablecoins, AI tokens, real-world assets, and gaming tokens. The ecosystem has just four stablecoins: DUSD, AUSD, TEST-DD, and ₸USD. GemX (GMX) is the only gaming token in the Mint Club ecosystem at the moment.

Is the MINT Token a Good Investment?

The MINT token might be a good investment for users interested in exploring the creative aspects of blockchain technology. Since it allows users to build and manage tokens, it is a hub for creators interested in building with blockchain technology.

Nevertheless, it is strongly recommended that users learn more about the project before investing. This is important as it prevents the potential losses as a result of blind crypto investing. Hence, users are advised to conduct their due diligence by reading the project’s whitepaper, learning about it, and monitoring news reports and analyzing the fundamentals before investing.

Risk Analysis

Advantages

Mint Club offers three significant advantages for token and asset creators they include;

• Provision of Liquidity Pool via the Bonding Curve: While it is true that tradeable tokens can be created using an automated market maker (AMM), this method is usually very expensive and requires significant liquidity and technical expertise.

In contrast, the Mint Club platform allows for the creation of tradable tokens, leveraging the minting and burning mechanisms of its bonding curve contracts. Mint Club also allows users to design the tokenomics of their token, allowing them to set key token parameters without relying on centralized control or order books.

• Flexibility in Bonding Curve Design and Base Asset Selection on EVM chains: Mint Club is designed to give users full control over the design of bonding curved-backed tokens or NFTs without any programming or coding skills.

Users can easily choose curve types, adjust price variation intervals, and set key specifications. Digital assets can also be launched on Layer 1 and 2 networks using any ERC-20 token as a base asset. The benefit? Users can flexibly craft a token’s journey, maximizing their potential to design a vast array of tokens.

• Easy Monetization: Mint Club’s “creator royalties” feature allows users to monetize their projects and benefit from the platform. Users can set royalties between 0% and 50%, which can yield a significant ROI for creators in the long run.

Disadvantages

A major disadvantage of Mint Club is its complexity. Creating tokens in the Mint club platform seems daunting and intimidating for non-crypto enthusiasts, thereby limiting its adoption. The volatility of the crypto industry may also prevent users from exploring the project to its fullest.

Competitive Analysis

Uniswap and Kaleido are major competitors of Mint Club. While these protocols allow users to create and list their own tokens, Mint Club’s major competitive advantage is its numerous features that make the creation and customization of tokens seamless.

In addition, Mint Club has built-in mechanisms that make token creation cheap. Thus, users would not require as much liquidity as they would with automated market makers (AMM). The creator royalty tool is another feature that incentivizes creators and users, enhancing the growth of the Mint Club ecosystem.

How Can You Own a MINT Token?

To own an MINT token and become a part of the growing Mint Club ecosystem, you can follow the simple step-by-step process;

Set up a Wallet

To own an MINT token, you need to purchase it from a cryptocurrency exchange. To do this, you should create a Gate.io account, complete the KYC process, and add funds to the account to purchase the token. The Gate exchange has the largest liquidity for trading MINT.

Use the MINT Tokens

Once you have your token, you can explore the Mint Club ecosystem.

Take Action on Mint Club

Users can sign up on Gate.io and purchase MINT tokens here.