How to manage your assets in Minter Network

In this article we will talk about how to store and manage your assets in Minter Network. The thing is that many of newcomers in Minter are first time in crypto and have no idea how to deal with crypto assets. More of that, Minter has it's own features and we shouldn't ignore them. So let's look closer for these topics and probably people will manage their assets correctly.

The first thing you should understand is what are you doing in Minter? It's obvious that buying BIP now as a short term speculation is a bad idea. BIP is not traded on traditional exchanges so it will be hard to buy/sell serious amounts of BIP. It is the very right time to delegate your BIPs and increase your bag's amount without any additional movements. The only thing you should do is enter your wallet from time to time and re-delegate your profits.

There will be an article about delegation soon.

So the better idea for incoming months is increasing your BIPs amount. Expecting community's growth and increasing demand BIP's price will increase in time too, so increased amount of expensive BIPs will only make you feel better, right?

What about custom tokens - there is a wide field to use them:

• Short time trading
• Long time investments
• Buying them to use as utility tokens
• Buying them to support the project
• Create your own custom token (for your project's development, for your project as a utility token, as a payment method etc.)

That means you may do with your assets following things:

• delegate
• store in wallet
• use

Now let's make a deeper look on these possibilities.

Buying tokens for short term speculations is a risky idea, because of low information about an asset you buy, person who created it and his plans. You may watch for new coins on-line in several TG channels like PCOAlert for example and often people buy new coins just after they've been created to gain max profits, knowing nothing about it. This strategy often leads to losses because custom tokens could be deleted as quick as they've been created; this is blockchain and everyone is able to do what's not permitted. So the conclusion is that you shouldn't buy everything. First you should find out basic information about coin and be sure it won't disappear in 10 minutes after it's creation time.

There is not much we can say about usage of custom tokens in projects - it's simple and obvious. If you want to buy goods or services with custom token you just buy and use it. It's hard to make a mistake here.

Buying tokens to support one project you should understand that you shouldn't expect fast profits and you shouldn't sell if the price grew up. There is another logic here: the project you're supporting could possibly sell some tokens to gain some funds for development. And if you sell your tokens you'll make the price go down again that is wrong for the aim of project's supporting.

Before buying you should make some kind of a research; probably one little project on it's start could grow in something huge later and it will bring you huge dividends too.

Creating your own token is a topic for another article and it will be published soon. But now we'd say that you should properly prepare for that: create your token's math and economy, set the right parameters and deploy it only after all the things done. The better way is to tell about your token before you create it. It will bring more attention to your token and project.

By the way, you may send your project's description to us via Telegram (@zvmeste) and we will tell about it into our Minter Magazine channels .

Now let's talk about what to do with bought/created custom tokens.

Delegate. Very good decision, especially for large projects. But you should check one important thing - reserve ratio of the token. For tokens with CRR (Constant Reserve Ratio) less than 70% delegation is not very effective, so with rare exception, it makes no sense to delegate coins with a low reserve. More of that, if the coin is not delegated by the issuer, or even higher part of them, you shouldn't delegate it too as there is a risk of scam.

Holding tokens in wallet is a proper decision for tokens with CRR <70% and for speculations. If you delegate them you will not be able to sell them fast as you'll have to wait for 30 days to unbound them. It could be critical and is not related to short term speculations.

It's all the same for direct usage - buy and use. It makes no sense to delegate because you want to use it, right?

Well, we've looked for most use cases of BIP and custom tokens. I hope you'll be correctly use all the opportunities you have after reading this article: do your research of custom tokens, delegate tokens with CRR>70% where issuer delegated his own tokens.

Take care of yourself and your BIPs and tokens, protect your SEED and keep it in safe place!

Good luck and see you later!

Your @MinterMagazine