Mintlayer is the latest blockchain protocol that decided to launch ERC-20 tokens, the token will be launched on the Ethereum blockchain.
On Sunday 11th Dec 2022, Mintlayer officially announced that following the current market circumstances their upcoming token will not be in the market on 21st of March 2023.
As far as Mintlayer as a platform is concerned, it’s the Ethereum-based layer-2 protocol. The crypto platform offers solutions to the layer-2 networks that enable them to form DeFi smart contracts and mint NFTS, and also help the layer-2 blockchains to develop the apps for Bitcoin as well.
The company has officially announced its token launch. However, the token will be launched in March 2023.
Moreover, the top leadership and development have decided to offer the tokens to all those stakeholders who have contributed to the project in its initiation phase as an ERC-20 token.
The fact of the matter is that this utility token which will be launched in the month of March can also be used to purchase the various services from RBB Lab.
This allows stakeholders to obtain their coins as quickly as possible and enables Mintlayer to give further assistance to ventures that start work on the testnet.
Testnet is Mintlayer’s mainnet, that platform as of now is in its development phase. However, within a few months of time, the platform will be ready for its operations.
RBB Lab CEO Enrico Rubboli Said
“We are finally unveiling the very first phase of the Mintlayer rollout after 18 months of hard effort.”
Mintlayer will work as the main platform for those projects which will be designed to develop on top of Bitcoin. Rubboli also said that we are ecstatic by the quality and quantity of answers to possible projects.
As far as Rubboli’s professional journey is concerned, he has been working on the development of various software in various industries for over 17 years.
He previously worked with platforms such as Education in London, Digital Science/Macmillan Science, and Bitfinex/Tether.
With the vast majority of experience has had it seems obvious that the current project on which Mintlayer is working is of the highest of caliber.
What Is Mintlayer?
Mintlayer is basically a layer-2 crypto protocol that allows the users to create an ecosystem based in the decentralized finance environment on the Bitcoin (BTC) blockchain. It is important to understand that majority of the Bitcoin blockchains are centralized.
However, scaling up the Defi ecosystem on the centralized blockchain is the one of most inspirational developments that are currently happening in the cryptocurrency marketplace.
Mintlayer the layer 2 blockchain is working on the project to integrate both Bitcoin and DeFi ecosystems.
The reason that these projects are the future of the cryptocurrency marketplace is that such platforms can be used for both: digital currency trading and fiat currency trading as well, enabling the creation of DeFi projects in the Mintlayer environment.
The top leadership also said that the reason behind using the Ethereum blockchain for the development of these tokens is that it will allow us to issue the tokens months sooner than we expected.
Rubboli also said that utilizing the proven platform to launch coins prior to the launch of our mainnet will allow the users and developers to earn profits and benefits by using the tokens before the tokens finally move to testnet.
Moreover, the early launch of the token will also help us to gain the interest of other developers who are willing to develop their tokens by using our services. This will eventually help us to secure more funds than we are getting currently.
The current initiative taken by Mintlayer is a landmark step take in the right direction to integrate the Bitcoin and DeFi ecosystems on top of each other.
Mintlayer has announced the release of its token at a very interesting time that will help the company to wrap up the first stage of development sooner than the imagination.
