PUBLICMINT
Public Mint
Public Mint
PUBLICMINT
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About Public Mint
Public Mint (MINT) is a blockchain platform that integrates traditional fiat currencies with the digital world, providing a fiat-native blockchain for seamless financial operations. It supports payments, remittances, and earnings generation through its synthetic fiat currencies. The fee system utilises synthetic USD for transactions, and the MINT token is primarily used for governance and rewarding participants. Public Mint's team comprises experienced professionals from the blockchain and payments industries.
Public Mint (MINT) is a blockchain platform designed to bridge traditional fiat currencies with the crypto world. Launched in July 2020, Public Mint offers a fiat-native blockchain that supports synthetic fiat currencies, fully collateralised with funds held in FDIC-insured institutions. The platform allows users to interact with fiat currencies on the blockchain, making it easier for businesses and individuals to use digital assets without the volatility typically associated with cryptocurrencies. Public Mint supports various payment methods, including credit cards, ACH, and wire transfers, providing a seamless integration of fiat and digital currencies.
Public Mint (MINT) serves multiple purposes within its ecosystem. The primary function is to facilitate fiat transactions on a blockchain, offering immediate transaction finality and lower fees compared to traditional banking systems. Public Mint supports a wide range of financial activities, including payments, remittances, and earnings generation through its EARN Program. The platform allows users to deposit fiat currencies, convert them to synthetic fiat, and use them for various financial operations. Additionally, MINT tokens are utilised for governance, enabling holders to vote on protocol changes, fund allocations, and other important decisions within the ecosystem.
Public Mint's fee system operates primarily through synthetic USD (USD+) rather than the native MINT token for transaction fees. There are three main types of fees in the Public Mint ecosystem:
Earnings Fee: A portion of the earnings generated through the EARN Program is shared with MINT token stakers who participate in governance. This fee is set at 15%, which is then split between Public Mint and the MINT token stakers.
Unstaking Fee: This fee applies when converting USD+ back to regular USD. It is set at $1.00 or 0.25% of the transaction amount, whichever is higher.
Transfer Fee: The cost of transferring USD+ between users is slightly higher than transferring regular USD due to the complexity of the underlying smart contracts. The fee for USD+ transfers is $0.10 or 0.01% of the transaction amount, whichever is higher.
These fees support the network's operations and incentivise MINT token holders to actively participate in governance and other activities within the ecosystem.
Public Mint was created by a team of experienced professionals in the blockchain and payments industries. The executive team includes Paulo Rodrigues, the CEO, who has over 20 years of experience in the cards and payments industry; Jorge Pereira, the CTO and Founder, a seasoned systems engineer and entrepreneur; Diane Gray-Smith, the CFO, a finance professional with a strong leadership record; Thomas Brooke, the Legal Counsel, a fintech lawyer with 20 years of experience; and Rafael Torres, the VP of Engineering, with extensive experience in product management and smart contract development. The core team also includes specialists in blockchain engineering, system operations, and application design.
Although 'MINT' was the ticker assigned at the deployment of the Public Mint Token, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'PUBLICMINT' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
