Saturday, April 4, 2020 Launches Mint, a Token Creation Platform Set to Ignite a Whole New Ecosystem

Business Wire
(c)2018 Business Wire Inc., All rights reserved. For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure. For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.
- Advertisement -

TOKYO–(BUSINESS WIRE)–Crypto-tech powerhouse has announced the launch of Mint, a free platform that empowers anyone to create tokens quickly and easily. Combined with other pro-token products by, Mint is driving blockchain adoption as it fuels the development of a vast new token ecosystem.

Tokens take blockchain technology to a more customizable level. They live on existing cryptocurrency blockchains and transact on the back of very small cryptocurrency transactions (called “dust”). But unlike cryptocurrencies, which primarily represent digital currencies, tokens can represent anything the creator chooses during the minting process.

“This new generation of customizable tokens has unlimited potential,” explains CEO Stefan Rust. “For instance, a chain like Starbucks might mint a token called ‘Starbucks coin.’ This could be used to reward loyal customers, with tokens being exchangeable or redeemable in-store. Alternatively, the tokens could incentivize staff, providing work perks to high performing employees.”

The travel and hospitality industry is already leveraging tokens in the form of loyalty programs, which are fully-legitimized from accounting, taxation, and regulatory standpoints. However, these programs exist separately from one another. Stefan highlights, “With Mint, tokens co-exist in a user-friendly ecosystem. They’re easy to swap and transfer, meaning engagement value increases.”

Mint supports a specific type of token called Simple Ledger Protocol (SLP), which exists on the Bitcoin Cash (BCH) blockchain. Through the SLP Dividend Calculator, token creators can also send BCH dividends or airdrops to any token holders, giving businesses the power to pay stakeholders without the need for any third parties.

Additionally, the flexibility of Mint opens up a personal consumer market for peer-to-peer token use, which has the potential to transform the nature of decentralized marketplaces. “We’ve not only seen astronomical growth in token transactions, but also something more unexpected. People started using tokens to tip each other, which led to them gaining real market value. They’re now traded on crypto exchanges.” Mint arose from the brainchild of Pitico, a team of developers who competed in a recent SLP hackathon. They created a web app that lets users create their own tokens, an innovation which secured them third place in the competition. It was then acquired by and developed into Mint. Stefan concludes, “We’re betting big on tokens. One day, they could empower people in struggling economies to transact peer-to-peer through the creation of small, decentralized marketplaces amongst local groups of connected individuals.”

The all-new Wallet app, which offers a safe place to store Bitcoin and tokens, recently launched on the App Store and Google Play store. Likewise, as it continues to fuel the development of the broader token economy, has also released the open-source software which powers its new app. This scalable software, which completes token transactions in milliseconds, can be used freely by exchanges, wallet providers, and other projects looking to join the token ecosystem.


Joseph Hunt

(c)2018 Business Wire Inc., All rights reserved.
Original Release: Business Wire

- Advertisement -

Latest News

BitHull Overtakes ASIC Market with New FPGA Miners

COPENHAGEN, Denmark--(BUSINESS WIRE)--BitHull S.A. ( ) is pleased to announce the launch of its two new crypto miners...

Global Telecom API Market (2020 to 2025) – Featuring Aspect Software, Bandwidth, BICS & CA Technologies Among Others –

DUBLIN--(BUSINESS WIRE)--The "Telecom API Market by Technologies, Application and Service Types, Stakeholders, User Types, Deployment, and Platform as a Service Types 2020 - 2025"...

Privacy and Cybersecurity 2020-2030: Assessment of the Rapidly-Evolving Landscape, Triggered by a Rise in the Number of Connected Devices –

DUBLIN--(BUSINESS WIRE)--The "The Future of Privacy and Cybersecurity, Forecast to 2030" report has been added to's offering. This study explores the rapidly-evolving landscape of...

Convergence of AI and IoT, 2019-2022: Market Opportunities and Challenges –

DUBLIN--(BUSINESS WIRE)--The "Convergence of AI and IoT - Market Opportunities and Challenges, 2019" report has been added to's offering. The convergence of Internet of...

HSBC 2020 – Enterprise Tech Ecosystem Series –

DUBLIN--(BUSINESS WIRE)--The "HSBC: Enterprise Tech Ecosystem Series" report has been added to's offering. Summary: HSBC is a provider of banking and financial solutions. It...