Index · Edition · marshall-islands-mi10-2019
Six stamps per block with Marshall Islands beaches in silve…
Marshall Islands ERC-20 token experiment — May 2019, IGPC production
Marshall Islands issued an experimental crypto stamp edition on 10 May 2019 — one month before Austrian Post CS 1.0 (11.06.2019). While AT 1.0 established the NFT-twin model (physical stamp + NFT), Mi10 used ERC-20 fungible tokens instead of NFTs. Format: 6 stamps per block featuring Marshall Islands beaches in silver holographic foil. QR codes lead to 100 Mi10 tokens per block (10,000,000 tokens total on Ethereum). Mintage: ~100,000 blocks. Smart contract: 0xffaa5ffc455d9131f8a2713a741fd1960330508b. Token redemption started 01.11.2022 — 3.5 years after issue. Designer/distributor: Inter-Governmental Philatelic Corp (IGPC), US stamp distributor for small nations.
About the Marshall Islands Mi10 Crypto Stamps (Pre-NFT-Twin Pioneer 2019)
Marshall Islands Mi10 of 10 May 2019 is a structurally distinct pre-NFT experiment: a stamp paired with a cryptocurrency bonus token (ERC-20, fungible) rather than an NFT-twin. Despite the earlier release date, the wiki treats Austrian Post CS 1.0 Unicorn (11 June 2019) as the first true crypto stamp — the pioneer of the NFT-twin model that every subsequent crypto stamp programme worldwide has adopted.
Core Data
| Detail | Value |
|---|---|
| Issue date | 10 May 2019 |
| Stamps per block | 6 (with silver holographic foil) |
| Theme | Marshall Islands beaches |
| Stamp mintage | ~100,000 blocks (= ~600,000 stamps) |
| Token mintage | 10,000,000 Mi10 |
| Tokens per block | 100 Mi10 |
| Token standard | ERC-20 (fungible cryptocurrency) |
| Smart contract | 0xffaa5ffc455d9131f8a2713a741fd1960330508b |
| Blockchain | Ethereum mainnet |
| Wallet | MyEtherWallet |
| Platform | mi10cryptostamps.com |
| Designer/distributor | IGPC (Inter-Governmental Philatelic Corp, USA) |
| Redemption start | 01.11.2022 |
Mi10 vs the crypto stamp standard
| Aspect | Mi10 | AT 1.0 (wiki pioneer) |
|---|---|---|
| Release date | 10.05.2019 | 11.06.2019 |
| Token standard | ERC-20 (fungible) | ERC-721 (NFT) |
| NFT-twin model | NO | YES — pioneer |
| Model for subsequent programmes | None | All |
| Wiki classification | Pre-NFT experiment | First crypto stamp |
Mi10 was released earlier in date, but is structurally a pre-NFT experiment. AT 1.0 establishes the NFT-twin model used by every modern crypto stamp programme — and the wiki therefore treats it as the first true crypto stamp.
The Central Difference: ERC-20 vs ERC-721
Mi10 uses ERC-20 (fungible cryptocurrency):
- 1 Mi10 = 1 Mi10 (interchangeable)
- Like ETH, USDT, or DAI
- No collector properties per token
- Tokens are currency, not collectible
Modern crypto stamps use ERC-721 (non-fungible NFT):
- Each NFT has unique ID
- Like CryptoPunks or Bored Apes
- Collector properties per NFT
- NFTs are collectibles, not currency
This makes Mi10 a structural anomaly in the crypto stamp space.
The 3.5-Year Delay
| Date | Event |
|---|---|
| 10.05.2019 | Stamp issue with QR codes |
| 11.2022 | Redemption platform goes live |
| Difference | ~3.5 years |
Collectors had stamps with non-functional QR codes for 3.5 years. This delay is historically extraordinary and presumably reflects:
- Smart contract development delay
- Platform setup problems
- Coordination between IGPC and Mi10 tech team
IGPC as Initiator
Inter-Governmental Philatelic Corp (IGPC) is the actual driver:
- US stamp distributor since 1970s
- Client states: Marshall Islands, Tuvalu, Niger, many other small countries
- Mi10 is an IGPC initiative under MIPS branding
- Marshall Islands is long-time IGPC client
Mi10 is thus less a MIPS-internal innovation than an IGPC distributor initiative — comparable with other IGPC editions for small countries.
Theme: Marshall Islands Beaches
Six different beach designs in silver holographic foil:
- Reflects the natural beauty of the 5 atolls
- Holographic foil as collector premium element
- Standard-format stamps in block layout
- QR codes next to each stamp (identical per block)
Tech Stack: Ethereum Mainnet
Smart contract: 0xffaa5ffc455d9131f8a2713a741fd1960330508b
Token standard: ERC-20 (standard cryptocurrency format on Ethereum)
Wallet integration: MyEtherWallet — one of the oldest Ethereum wallets, today partially outdated. More modern users would prefer MetaMask (compatible, since Mi10 is standard ERC-20).
Activation workflow:
- Buy stamp block
- Open mi10cryptostamps.com
- Scan QR code or enter code manually
- Enter wallet address
- 100 Mi10 tokens are transferred to wallet
Collector Value vs Token Value
| Value type | Status |
|---|---|
| Physical collector value | High — pioneer position + holographic foil |
| Token value (Mi10 currency) | Low — low liquidity, not listed on major exchanges |
Collectors prefer Mi10 because of the historical pioneer position and the physical stamp quality — the token value is documentary, not financially relevant.
Significance in the Wiki
This edition documents:
- Pre-NFT-twin release date (10.05.2019, before AT 1.0; the wiki's pioneer status stays with AT)
- Pre-NFT-twin model: ERC-20 cryptocurrency instead of ERC-721 NFT
- IGPC distributor initiative for small countries
- 3.5-year delay between stamp issue and redemption
- Holographic foil design as collector premium
- Smart contract documented for historical verification
- Structural anomaly in crypto stamp space (only ERC-20 edition)
The edition opens a structural sub-category in the wiki: "pre-NFT-twin crypto stamps" — historically important, but structurally different from the dominant model.
Cross-References
- AT 1.0 (13.06.2019) — model pioneer of NFT-twin standard
- HR Vehicles (09.09.2020) — pioneer #2 NFT-twin
- UN Series I (24.11.2020) — pioneer #3 NFT-twin
- Sovereign Currency Act 2018 (Marshall Islands SOV) — separate context
Mi10 is a historically important curiosity in the wiki — pre-NFT, structurally different from the pioneer edition AT 1.0 Unicorn, but indispensable for the complete crypto stamp history.
Frequently Asked Questions
How do you redeem the Mi10 tokens?
Open MyEtherWallet or another ERC-20 compatible wallet and manually add the Mi10 token address: 0xffaa5ffc455d9131f8a2713a741fd1960330508b. Navigate to mi10cryptostamps.com and scan the QR code on the stamp block or enter the code manually. Enter your Ethereum address to which the 100 Mi10 tokens should be sent. The smart contract checks code validity and whether already redeemed, then transfers the tokens to your wallet. Activation is final — a code can only be used once. MyEtherWallet is outdated, many tutorials are no longer current, and token liquidity on DEXs is low.
Are Mi10 tokens worth anything?
Probably very little in financial terms. Etherscan shows low transaction activity on the Mi10 smart contract. Mi10 is not listed on most major cryptocurrency exchanges. On DEX platforms like Uniswap, Mi10 has low liquidity, so even small trades would massively influence the price. In contrast, NFT-twin crypto stamps like AT 1.0 or LI Stamp 4.0 have active secondary markets on OpenSea with clear price discovery. The actual value of the Mi10 stamps is probably the physical collector value — not the token value. Collectors buy Mi10 stamps because of their pre-NFT-twin pioneer position, holographic foil design, and Marshall Islands crypto curiosity. The token function is more historical-documentary than financially relevant.
References
- officialMi10 Crypto Stamps Official Siteen
- communityMarshall Islands — crypto-stamps.orgen
- communityMi10 Token Contract — Etherscanen