As the Mint Blockchain Token Generation Event (TGE) approaches, the $MINT tokenomics and staking mechanism will provide users with diversified participation opportunities. Through the innovative $MINT staking and restaking mechanism, Mint Blockchain will further enhance the stability, liquidity, and long-term sustainability of its ecosystem.

The native asset of Mint Blockchain is $MINT, with a total supply of 1 billion $MINT tokens. The initial allocation mechanism of $MINT is designed to prioritize supporting the Mint community and ecosystem development, with the following distribution.

Through these applications, the $MINT token functions not only as the circulating currency within the Mint Blockchain ecosystem but also as the foundation for governance participation, incentives, asset issuance, and other core functionalities.

Among them, one key utility—$MINT Staking—will be launched simultaneously with TGE, providing a strong economic foundation for the Mint ecosystem users.

The $MINT Staking and Restaking mechanism on Mint Blockchain offers users multiple rewards while enhancing the network’s decentralization, security, and stability.

After the $MINT Token Generation Event (TGE), users can participate in $MINT staking through the MintPool protocol. MintPool is a decentralized staking protocol on the Mint Blockchain network that allows users to stake $MINT, $ETH, and NFT assets. By participating in staking, users can earn stable staking rewards while contributing to the security and decentralized operation of the Mint Blockchain network.

After completing $MINT staking, users will receive staking certificates in the form of $sMINT Tokens (Staked MINT). Users holding sMINT will earn a fixed annualized return of 15% in $MINT staking mining rewards, which are funded by MintDAO.

Mint Blockchain users holding $sMINT have the option to synthesize it into a BC721 Mint-eNFT asset. The amount of sMINT required for synthesis fluctuates in real-time based on the bonding curve, adding a layer of strategic depth and excitement to the process. By holding Mint-eNFT, users can further earn 50% of the Mint Blockchain sequencer’s $ETH net revenue as restaking rewards.

Additionally, the first 5,000 synthesized Mint-eNFT holders will receive an airdrop of a unique Minty NFT. Check out Minty here: https://minty.mintchain.io.

Below are the detailed steps for staking, which are the same for withdrawal.

Step 1: Visit the official website: Go to the Mint Blockchain website's MintPool page and connect your wallet.

Step 2: Enter the amount you wish to stake on the Staking interface, click “Stake”, and confirm the transaction.

$sMINT Reward APR: 15%

Once the staking is successfully completed, you will receive $sMINT as a staking certificate. Click "View Dashboard" to track your $MINT staking rewards.

1/ Convert

Go to the Restaking interface, enter the number of Mint-eNFTs you wish to synthesize in the Convert section, click "Convert xx eNFT," and confirm the transaction. Upon successful restaking, you will receive Mint-eNFT as a staking certificate.

Example from the image below:

2/ Revert

Select the eNFT you want to revert in "My eNFT," click "Revert xx eNFT," confirm the transaction, and upon successful operation, you will receive $sMINT again.

Note: Once the eNFT is reverted, this eNFT ID will no longer exist, and the amount of $sMINT required to synthesize a new eNFT will increase.

The MintPool Dashboard provides users with detailed information on Staking & Restaking rewards, helping you track your staked assets and earnings. This includes:

Additionally, you can view unclaimed rewards, claimed rewards, and the average annualized return (APR). The activity log section details your recent actions, helping you monitor transaction history and optimize your earnings.

By participating in $MINT Staking and Restaking operations, users can earn the following two tiers of rewards:

Tier 1 Rewards: A fixed annualized return of 15% APR in $MINT staking mining rewards, staking rewards can be claimed at any time, Staking rewards provided by MintDAO (The staking reward APR is adjusted once per year).

Tier 2 Rewards: After holding Mint-eNFT, users will earn 50% of the net revenue from the Mint Blockchain sequencer as restaking rewards, restaking ETH rewards can be claimed daily (Once you synthesize an eNFT, you can start sharing Mint ’s ETH revenue from the next day. Rewards are settled daily, and you can claim the previous day’s rewards on the same day).

Through the $MINT Staking & Restaking operations, the capital efficiency of $MINT assets is significantly enhanced, while also improving the security of the Mint Blockchain network and the stability of its economic system. Additionally, it enables the decentralized distribution of ETH rewards from the Mint network sequencer, allowing community users to capture the long-term growth benefits of Mint Blockchain. This strengthens community consensus, boosts active participation in the development of the Mint network, and collectively drives the prosperous development of Mint Blockchain.