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🚀 About Minchyn: Next-Gen Social Media Platform
Minchyn transforms passive social media consumption into an active, reward-driven economy where engagement generates tangible value. Our psychology-driven ecosystem leverages proven behavioral principles combined with the $MINCHYN utility token (ERC-20) to create a self-sustaining social platform economy.
🎮 XP Reward System
Platform-native points for engagement
Platform-native points for engagement
💎 $MINCHYN Token
ERC-20 utility token for premium features
ERC-20 utility token for premium features
🎯 Creator Pools
User-funded viral amplification mechanics
User-funded viral amplification mechanics
🏆 Multi-Tier Economy
Free (XP) and premium (token) reward layers
Free (XP) and premium (token) reward layers
✨ Ugly Unicorn NFT holders can participate now!
Opens to all in 26 days (2026-01-01 00:00:00)
👛 Connect Your Wallet
Connect MetaMask to participate in the Dutch Auction
Current Price
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ETH per token
Total Bids
--
Number of participants
ETH Raised
-- ETH
Total amount raised
Clearing Price
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Final auction price
Place Your Bid
📊 Community Leaderboard
⚠️ Note: Tokens allocated will be available to claim after the auction ends. Below shows bids placed during the exclusive period.
| Rank | Wallet | Total ETH Bid | Estimated Allocation* | Status |
|---|---|---|---|---|
| 1 | 0x8a9c...1f2E | 7.8 ETH | Calculating... | Pending Claim |
| 2 | 0x742d...8f4D | 5.5 ETH | Calculating... | Pending Claim |
| 3 | 0x3Fc5...2a1B | 3.2 ETH | Calculating... | Pending Claim |
*Allocation amounts are estimates based on the current/projected clearing price. Formula: Tokens = ETH Bid ÷ Clearing Price (ETH per token). Actual tokens will be finalized when the auction ends.
💰 Recent Transactions
BID PLACED
0x742d...8f4D
5.5 ETH
2 minutes ago
BID PLACED
0x3Fc5...2a1B
3.2 ETH
8 minutes ago
BID PLACED
0x8a9c...1f2E
7.8 ETH
15 minutes ago
MINCHYN Token
Utility Token for Social Media, Social Marketing, and Live Events
🪙
Total Supply
1,000,000,000
MINCHYN tokens
🎯
Auction Allocation
30%
300M tokens available
👥
Team & Dev
13%
130M tokens
📢
Marketing & Liquidity
57%
570M tokens🌟 Powering the future of social media, social marketing and Live events
⭐ In-App Minchyn XP
Users earn XP through daily engagement, content creation, and community participation. XP represents your contribution to the platform and can be exchanged for $Minchyn tokens or converted to cash through our partner network.
🧠 Psychology-Driven Design
Our platform incorporates behavioral psychology principles to encourage healthy engagement: streak bonuses reward consistency, achievement badges recognize milestones, and social features foster authentic community connections.
💰 Dual-Token Economy
$Minchyn tokens power premium features and governance, while XP encourages daily participation. This dual system ensures active community members receive tangible rewards while maintaining platform sustainability.
📊 Transparent Rewards
Every action has a clear XP value. Leaderboards and activity tracking keep the system transparent and fair. Your contributions are always tracked and valued.
💎 Token Utility
- In-App Purchases - Holders receive discounted pricing for paying with $Minchyn
- Premium Features - Ad-free experience, priority in feeds, exclusive analytics, advanced content tools
- Creator Tipping - Direct support for your favorite creators
- Live Event Access - 750-1500 tokens for exclusive events
- NFT Utility Collectibles - 1000-5000 tokens for unique digital utility assets
- DAO Governance - Vote on platform decisions
🎁 How to Earn MINCHYN XP and $Minchyn
Multiple ways to earn on the Minchyn platform
📱 Daily Engagement
Rewarded Minchyn XP daily
Login, interact, connect with creators🎨 Resharing Content (ECHO)
XP rewarded per ECHO
Quality content amplification rewards🤝 Referrals
1000 Minchyn XP per referral
Invite creators and users, earn rewards💱 Minchyn XP Conversion
XP converts to $Minchyn or Cash
Trade accumulated XP for token rewards🚀 Additional Earning Methods
🌟 NFT Self-Minting Rewards: Mint your own Ugly Unicorn NFT and start accumulating $Minchyn rewards instantly. Your NFT continues to generate rewards for up to 10 years.
🏆 Monthly Contests: Participate in platform contests and challenges to win $Minchyn tokens and exclusive NFT rewards.
💱 Direct Purchase: Buy $Minchyn directly from UniSwap or other DEX marketplaces to start using platform features immediately.
Your Profile
🦄 Ugly Unicorn NFT Status
Checking NFT ownership...
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Total ETH Bid
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Token Allocation
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Vesting Tiers
🎁 Choose Your Vesting Tier
After the auction ends, select your preferred vesting strategy to claim tokens and earn bonus rewards.
⚡ Immediate
Bonus: 1.0x (No bonus)
Lockup: 0 months
Best For: Traders
RECOMMENDED
🚀 Standard
Bonus: 1.10x (+10%)
Lockup: 18 months
Best For: Believers
👑 Premium
Bonus: 1.20x (+20%)
Lockup: 24 months
Best For: Long-term HODLers
🎉 Monthly Raffle Contest
Answer the quiz and win exclusive prizes! 10 winners monthly. Contest is live now!
🏆 Contest Winners
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🎯 Dutch Auction Explained
Welcome to the Minchyn Dutch Auction! This section explains how our auction works and what you need to know before participating.
📊 What is a Dutch Auction?
A Dutch Auction is a price discovery mechanism where the price starts high and gradually decreases over time. Bidders submit their maximum price they're willing to pay, and all winners pay the same clearing price (the lowest price at which the total supply is met).
Key Benefit: This ensures fair market pricing and prevents artificially inflated launch prices.
⚙️ How Our Auction Works
- Starting Price: The auction begins at a high price, determined by market demand
- Price Countdown: The price decreases continuously throughout the auction period
- Your Bid: Place your bid specifying:
- Amount of tokens you want
- Maximum price per token you'll pay
- Price Discovery: As more ETH is committed, the clearing price adjusts
- Auction Ends: When the auction timer expires, no new bids are accepted
- Clearing Price Set: The final price is determined by supply and demand
- Token Allocation: All winners receive tokens and pay the clearing price
- Claim Tokens: After auction ends, call
claimTokens()to receive your tokens
✨ Why Dutch Auction?
- ✅ Fair Price Discovery: Market-determined pricing, not fixed by team
- ✅ Equal Clearing Price: All participants pay the same final price
- ✅ Efficient Capital Allocation: Capital flows to highest-value participants
- ✅ Transparent Process: All bids and calculations are on-chain and verifiable
- ✅ Anti-Manipulation: Protects from pump-and-dump dynamics
- ✅ Community Aligned: Price reflects true community interest
🦄 Exclusive Period
Until January 1, 2026: Only Ugly Unicorn NFT holders can participate in the auction.
From January 1, 2026: The auction becomes available to all users, regardless of NFT status.
If you don't have an Ugly Unicorn NFT, you can still mint one and participate during the exclusive period!
🌟 Mint Ugly Unicorn NFT💻 Smart Contract Details
Contract Name: MinchynSale (Dutch Auction)
Key Functions:
placeBid(uint256 tokenAmount, uint256 maxPrice)- Place a bid during auctionendAuction()- End auction and calculate allocationsclaimTokens()- Claim your allocated tokens after auctiongetCurrentPrice()- Get current auction pricegetTimeRemaining()- Check time left in auctiongetAuctionStats()- View auction statistics
Audit Status: Contract reviewed for security best practices
📋 Step-by-Step Participation Guide
- Connect Wallet: Click "Connect MetaMask" button at the top
- Check Eligibility: If during exclusive period, verify you hold an Ugly Unicorn NFT
- View Current Price: Check the auction timer to see the current price countdown
- Calculate Your Bid: Decide how many tokens and your maximum price
- Place Bid: Enter token amount and max price, then click "Place Bid"
- Confirm Transaction: Approve the transaction in MetaMask
- Wait for Auction: Monitor the leaderboard to see your position
- Auction Ends: When timer reaches zero, no new bids accepted
- Claim Tokens: Call
claimTokens()to receive your tokens - Trade/Use Tokens: Use $MINCHYN on the platform
❓ Frequently Asked Questions
Q: When can I receive my tokens?
A: Tokens are allocated when the auction ends and the clearing price is calculated. You must then call claimTokens() to receive them. Tokens are not automatically transferred.
Q: What if my max price is higher than the clearing price?
A: Great news! You only pay the clearing price. If you bid $10 but the clearing price is $8, you pay $8 per token. You get refunded the difference.
Q: Can I modify or cancel my bid?
A: Once a bid is placed, it cannot be modified or cancelled. The auction is irreversible, so bid carefully!
Q: What happens if the auction doesn't reach the reserve price?
A: If demand is low, the auction reaches the reserve (end) price and all bids are filled at that price.
Q: How are refunds handled?
A: Refunds happen automatically. If you bid $10/token but the clearing price is $8, your wallet is credited with $2 per token after auction ends.
Q: Is there a minimum or maximum I can bid?
A: Yes. Check the auction parameters for minimum bid amount and maximum tokens per user.