Minterest Fan Card: For Eligible Remediation Holders
To support remediation holders impacted by the July 2024 exploit, Minterest is providing users with compensation packages exceeding $500 with Fan Card NFTs that contain their MINTY allocations.
What is the Minterest Fan Card?
The Minterest Fan Card is an NFT that provides a flexible solution for eligible remediation holders, enabling them to manage their MINTY compensation package before the public listing. Whether you wish to trade your full allocation, claim tokens gradually through vesting, or do both, the choice is entirely yours. Developed with top partners from the Coin98 ecosystem, this innovative approach puts you in control.
All remaining MINTY token holders, including investors, protocol users, and remediation token recipients with allocations less than $500, will be able to claim their tokens through the Minterest app after listing.
An Innovative Token Management Solution
The Minterest Fan Card NFT is a versatile and compliant new way for eligible remediation token holders, with a compensation package of more than $500, to manage their MINTY allocations flexibly.
Eligible remediation holders will automatically receive their Fan Card NFT as an airdrop to their wallet address on the Viction blockchain (not Mantle Network). The airdrop will include:
1) A Minterest Fan Card NFT representing the full MINTY allocation and vesting schedule.
Note: Compensation Packages exceeding 25,000 MINTY will be split across multiple Fan Card NFTs
2) 30 C98 tokens (Coin98 tokens) to cover all fees associated with claiming MINTY tokens.
3) 2 VIC tokens (Viction tokens) to cover gas fees on the Viction blockchain.
Once you’ve received your airdrop, you have flexible options:
- Trade your entire MINTY allocation on Dagora.xyz, an NFT marketplace, at any time, even before public listing.
- Claim tokens on Starship.network based on the vesting schedule, while still retaining the option to trade the NFT for any remaining allocation. Please note that claiming tokens will begin after listing, which is yet to be determined.
Here’s a detailed comparison of both options to help you decide:
Trade Your Allocation | Claim Your Token | |
---|---|---|
End goal | Trade your entire MINTY allocation as an NFT | Gradually claim MINTY tokens over the vesting schedule |
Flexibility | Trade the allocation upfront as an NFT | Continue trading the NFT even after partial claims |
Limitations | No restrictions | 20% unlock at the listing, followed by 6-month daily vesting |
KYC Requirement | Not required | Required for Starship.network |
Minterest partner | Dagora.xyz | Starship.network |
Step-by-step guide | Tutorial 1 | Tutorial 2 |
Step-by-step Guides
To make the process seamless, we have prepared easy step-by-step guides for both options. Whether you decide to trade your NFT or claim tokens through vesting after listing, our team is here to assist you every step of the way.
Tutorial 1: Trade your entire MINTY allocation as an NFT.
Tutorial 2: Claim your tokens after listing according to the vesting schedule, while keeping the NFT tradeable for the remaining allocation.
For more information about the Minterest Fan Card NFT and the broader community initiative, read our original announcement post.
FAQ
General Information
- What is Viction?
The Viction blockchain is an EVM-compatible Layer-1 blockchain designed to support seamless and secure transactions across decentralised ecosystems. Known for its user-friendly design and low-cost gas fees (including gasless token support), Viction enables projects to build innovative solutions with high efficiency. As part of the Coin98 ecosystem, Viction powers the Minterest Fan Card NFT, ensuring smooth token management and trading experiences.Learn more about Viction on the official website or explore its role within the Coin98 ecosystem. - What happens after the MINTY listing?
If you are a remediation token holder with a compensation package exceeding $500, the Minterest Fan Card NFT will represent your full allocation, including its vesting schedule.
If your NFT card is not sold on the Dagora.xyz marketplace (Option 1), you can proceed with Option 2 to claim your tokens on Starship.network.
Token vesting schedule:
– 20% unlocked at listing.
– Remaining balance vests daily over six months. - What are C98 and VIC tokens, and why do I receive them?
C98: Coin98.com’s native token, provided to help users cover OneID and KYC fees on Starship. Learn more about C98 here.
VIC: Viction blockchain’s native token, used to pay gas fees for transactions on the Viction blockchain. Learn more about VIC here. - Why do I need to use Starship.network and Dagora.xyz?
Starship.network: The protocol where your Minterest Fan Card NFT is minted and where you can claim tokens after the public listing, based on the vesting schedule.
Dagora.xyz: An NFT marketplace where you can list and trade your Minterest Fan Card NFT.
Both platforms are live on the Viction blockchain and provide seamless integration for your remediation allocation.
Wallet and Airdrop - Which wallet receives the airdrop?
The airdrop will be sent to the wallet associated with your compensation package on the Viction blockchain.
Important Notes:
• If you plan to claim tokens after listing, you will need a Coin98 wallet, as it is required for token claiming on Starship.network.
• You can import your existing wallet address (e.g., MetaMask) into Coin98, which supports managing multiple wallets and is compatible with the Viction blockchain.
Ensure your wallet is set up for on-chain interactions with Viction. A step-by-step guide is available here. - How do I know if I’m part of the group receiving the airdrop?
If your compensation package exceeds $500, you will receive a Minterest Fan Card NFT. When you log in to the Minterest app using the wallet address associated with your compensation package, you’ll also see a pop-up notification and a dedicated section on your user dashboard.
If you believe you are eligible but do not see any notifications, please contact our support team for assistance. - Why is the Minterest Fan Card NFT only available to those with allocations above $500?
Allocations exceeding $500 require KYC compliance to meet regulatory and legal standards. By issuing the Minterest Fan Card NFT to these users, we ensure compliance while offering a flexible way to manage their remediation allocation. Users with allocations below $500 will still be able to claim their tokens directly through the Minterest app post-listing, without the need for an NFT. - Why doesn’t Starship support U.S.-based KYC?
Due to regulatory considerations, Starship does not currently support KYC for users based in the U.S. We understand this may be frustrating for some users; however, this decision ensures compliance with relevant regulations and safeguards the broader ecosystem. For U.S.-based users, we recommend holding or trading your Minterest Fan Card NFT through Dagora, which does not require KYC. - What happens if I lose access to my wallet?
If you lose access to your wallet, you will need to recover it using the recovery seed phrase associated with your wallet. - Is there a deadline for claiming tokens or trading NFTs?
There is no deadline for trading your NFT or claiming your tokens. However, we encourage users to act sooner rather than later to make the most of their remediation allocations. - Do I need to pay fees to trade my allocation or claim my tokens?
No. You have been provided with C98 and VIC tokens to cover any associated fees. - How do I access the Dagora.xyz marketplace?
To access Dagora.xyz:
• Connect your wallet (MetaMask or Coin98) to the marketplace.
• Search for your Minterest Fan Card NFT under your wallet’s assets.
• List your NFT or browse other NFTs available for trading.
Trading the Minterest Fan Card NFT - Is there a price floor for the Minterest Fan Card NFT on Dagora.xyz?
No. There is no enforced price floor. Prices are determined entirely by the market, allowing buyers and sellers to negotiate freely based on the perceived value of the token allocation tied to the NFT. - What is the listing price of $MINTY?
Due to contractual obligations with our partners, we are unable to legally disclose the exact listing price of $MINTY tokens. However, we can confirm that the pricing for the allocation provided through the Minterest Fan Card NFT is at least 25% below the anticipated listing price, offering additional value to holders. - Who will trade Minterest Fan Card NFTs on Dagora.xyz?
In addition to the Minterest community, Dagora.xyz has an active trading community of over 100K. - Can I combine trading and claiming options?
Yes. For example, you can claim 20% of your allocation on Starship after listing and trade the remaining 80% as an NFT on Dagora.xyz. - Can I trade my Minterest Fan Card NFT on other NFT marketplaces?
No. Currently, Minterest Fan Card NFTs can only be listed and traded on Dagora to ensure compliance and secure token management. - Does Minterest receive any fees from trades on the Dagora Marketplace?
No, Minterest does not receive any proceeds from trades made on the Dagora Marketplace. A 4.5% trading fee is applied to each transaction, which is divided between Dagora and Starship. Users receive 95.5% of the listing amount in C98 tokens, which can be traded on a variety of exchanges.
Claiming MINTY Allocation on Starship.network - When can I claim my MINTY token allocation on Starship?
You can begin claiming your MINTY tokens on Starship.network after the public listing. - What is the vesting schedule?
The vesting schedule ensures a gradual release of tokens to maintain market stability:
20% unlocked at listing.
Remaining balance vests daily over six months.
This approach protects both token holders and the project by preventing large amounts of tokens from entering the market too quickly. - What happens if I don’t claim my tokens immediately after listing?
Your tokens will remain in the vesting schedule. You can claim them at any time after the listing through Starship.network.
Legal Disclaimer
The information provided in this blog post is for informational purposes only and does not constitute financial, investment, legal, or professional advice. Participation in the Minterest Fan Card NFT program and the use of related platforms, including trading or claiming MINTY tokens, involves risks and should be undertaken only after careful consideration of your individual circumstances.
Minterest does not make any guarantees regarding the future value, performance, or market conditions of MINTY tokens or related NFTs. Users are responsible for conducting their own research and due diligence before engaging in any transactions.
Minterest does not engage in price speculation or provide guidance on token price movements. Discussions on the vesting schedule and its mechanisms are intended solely to provide clarity on the distribution process and should not be interpreted as financial advice.
By participating in this program, users acknowledge and accept all associated risks, including but not limited to market fluctuations, trading risks, and regulatory uncertainties. Minterest and its associated platforms are not liable for any losses or damages incurred as a result of participating in the program or engaging in transactions involving MINTY tokens or NFTs.
The Minterest Fan Card NFT is a distinct offering separate from the Minterest NFT. Ownership of a Minterest Fan Card NFT does not provide any boosts or advantages within the Minterest protocol.
For further assistance or clarification, please reach out to the Minterest support team or consult with a professional advisor.
23, January 2025