Minterest Community Allocation Event Concluded – What’s Next?
04.22 UPDATE: Due to significant market support to prioritise Ethereum as the protocol’s launch network, we are launching on Ethereum first and will launch on Moonbeam later.
Thank you BuyNoEvil (Minterest ambassador) for giving us an initial idea for this blog post.
Minterest had an extremely successful community allocation event, and we appreciate all the CAE participants and project supporters that made this possible.
This post aims to address all the frequently asked questions from the community and some of the uncertainties regarding what happens after the CAE, and what they can expect in the near future.
How many MNT tokens will I receive?
All CAE participants were limited to deposits between $100 and $500, with Minterest guaranteeing them the lowest average LBP price.
After a successful LBP, we are happy to announce that the lowest average price of MNT is $3.21 – meaning that all CAE participants will get their MNT at this price. As a reference, the LBP started with an initial price of $5.88 and ended at an average price of $5.29 per MNT.
All community allocation event participants will receive an email with clear instructions on how to claim their funds.
When and where can I access my tokens?
The tokens obtained by CAE participation will have to be claimed on the Moonbeam network at the Token Generation Event (TGE) which is scheduled at the end of Q1 2022.
Did I win a NextLevel NFT?
The lottery draw for the 85 NextLevel NFTs across levels 4 and 12 will take place and be announced on 15th of February 2022.
Minterest will notify all the winners via an email, so keep an eye on your inbox!
You can also track the NFT Lottery winners here: Results of the Minterest NFT Lottery And Goodies Giveaway
When will I receive the NFT I won participating in Telegram/Discord/Twitter or an AMA?
Those that have won an NFT through an AMA, Telegram, Discord, or Twitter, will be notified by Minterest team members. Make sure that you have provided your Telegram and Twitter handles, as well as your email address as per the instructions.
Your NFT reward will be airdropped at the time of TGE to your MetaMask wallet on the Moonbeam network.
When and where will Minterest launch?
Minterest is expected to have a private launch soon by the end of Q1 2022.
Once again, we wish to thank and congratulate all CAE and LBP participants, supporters, and community members. We couldn’t have done this without you!
We are looking forward to what the future has in store for Minterest.
Minterest is a unique borrowing/lending protocol built by industry leaders to service the billions in Total Value Locked (TVL), in DeFi lending projects, with the specific aim of putting user benefits at its core. It provides users with a decentralised financial platform that is fair and inclusive.
The Minterest protocol has the world’s first buyback mechanism, which automatically passes on surpluses to contributing platform users. This way, users receive protocol rewards on top of industry leading borrowing/lending rates, creating the potential for the highest long-term yields in DeFi. The protocol also has an on-chain treasury which captures and shares liquidation surpluses with users