Minexcoin ICO start date: May 15, 2017
Minexcoin ICO end date: June 13, 2017
ICO live countdown & amount raised: https://www.minexcoin.com
Website: https://minexcoin.com
Bounties: https://minexcoin.com
Whitepaper https://minexcoin.com
FAQ: https://minexcoin.com
Facebook: https://www.facebook.com
Twitter: https://twitter.com
Register now: https://minexcoin.com
About Minexcoin
Minexcoin (MNC) is a global payments system based on low volatility cryptocurrency which is a part of Minex ecosysem. Thanks to its stable exchange rate, Minexcoin is a reliable means of payment, while controllable growth of coin price makes it attractive means of value storage. Containment of volatility and price growth are maintained by the system's autonomous algorithm acting like a central bank, hence the name MinexBank. Financial instruments it employs would allow traders to earn from exchange rate margin without damaging the coin's ecosystem. On the contrary they would support it.
Minex platform combines the functionality of a simple and safe processing infrastructure for online shopping and cryptocurrency operations, an online digital assets exchange, and an investment platform. The instruments available at Minex enable you to store your money safely, spend them with a couple of clicks, and even obtain guaranteed revenues by just helping the system to remain stable.
Investment considerations
Minexcoin (MNC) is different from other altcoins because it's stable low-volatility cryptocurrency with fixed annual growth. Minexcoin growth is pegged to per annum growth of 10 cryptocurrencies with highest market capitalization. As per 2016, this growth was indexed at 33.6%. It does not matter if you want to use MNC for trading, longterm investment or day to day financial activities, with MNC you will always gaining value.
- MNC is an altcoin yet-online businesses will never lose value if they choose to accept it as a means of payment
- MNC is stable currency but it will be lucrative for medium and longterm investors because of controlled annual growth rates and annual interest payments for parking
- MNC is a payments system which thanks to low volatility is a robust reserve cryptocurrency and eventually may be adopted as global money
Low volatility and stable growth are achieved via smart algorithm we call MinexBank (because its actions resembles those of central banks as they maintain stability of national currencies). The entire ecosystem will be governed by this power algorithm based on predetermined formulas, written by professional economists.
How it works
MNC is governed MinexBank-- a smart algorithm that autonomously takes action to maintain MNC's price in a predictable corridor.
MinexBank's main instruments of reigning in volatility are parking and interventions. Parking means temporarily suspending a certain amount of coin on your wallet which will allow you to receive interest. Interest rates will fluctuate according to chosen parking period and current supply or demand balance, effectively incentivizing investors to park coins when supply overpowers demand on the market. When demand is on the rise, interest rates decrease and investors are incentivized to sell. Additionally, MinexBank uses its own reserve to conduct interventions - selling or buying MNC to alleviate market's pressure.
Hypothetical example
The Philippine Peso is traded within the average of Php50 in 1USD over the past three months. Global financial crisis strike that weaken the Philippine Peso to Php25 for 1USD. Due to this material weakening of the Philippine Peso, the Bangko Sentral ng Pilipinas needs to increase interest rates to hinder the outflow of funds. or possibly buy Philippine Peso to bring it back closer to BSP target range (maybe around Php45 to Php55 in a 1USD).
For MinexCoin, the MinexBank is the one acting like a central bank controlling & monitoring the price of the Minexcoin. Minexbank will act if there is material price surge or material down of Minexcoin.
The Philippine Peso is traded within the average of Php50 in 1USD over the past three months. Global financial crisis strike that weaken the Philippine Peso to Php25 for 1USD. Due to this material weakening of the Philippine Peso, the Bangko Sentral ng Pilipinas needs to increase interest rates to hinder the outflow of funds. or possibly buy Philippine Peso to bring it back closer to BSP target range (maybe around Php45 to Php55 in a 1USD).
For MinexCoin, the MinexBank is the one acting like a central bank controlling & monitoring the price of the Minexcoin. Minexbank will act if there is material price surge or material down of Minexcoin.
Minex ecosystem
The Minex System teams intends to implement extended functionality of Minex Ecosystem by incorporating such applications as Minex Market, Minex Exchange, and Minex Platform. Implementation of those products seeks to expand the coins sphere of circulation, thus driving demand of it.
Roadmap
Management team
Management team
Boris Shulyaev
Founer, CEO
He is an entrepreneur, professional economist and blockchain enthusiast. He also owns one of the largest mining farms in Europe.
Ruslan Babych
CTO
He has a profound interest and extensive work experience in both finance and IT. Made a long way to New York Stock Exchange to cryptoscene and is set on implementing best features of both worlds in this project.
Vladislav Zaychuk
Lead Developer
he is a tech wizard fascinated by futuristic technologies. Created an app building 3D models of human brain for international scientific research. Now he's on to creating an improved model of global finance with Minex.
Daniel Shulyaev
Community Manager
He is a Strategic Public Relations advisor. Only recently has adopted the religion of blockchain but has proved to be a tremendous boon to the team.
Minexcoin specifications
Total amount: 19M
Block rewards: 2.5MNC
Hashing algorithm: Mars
Block size: 2MB
Block time: 2 min 45 sec
MinexCoin ICO bonus schedule
Bounty Program
Minexcoin will be given as rewards for early marketing and active participants in their community.
Activities includes
- Newsletter subscription
- BitcoinTalk Signature
- Translations
- BitcoinTalk forum activity
- Publications on other sites
- Starting forum threads and maintaining them
- Website banner
- Youtube videos
- Interviews
- Journalist and pundits contact information
- News referrals
- Bugs
- Ambassadors
For minexcoin bounty program rules, please visit https://blog.minecoin.org/
Recommendation:
Longterm buy. Due to stable future growth prospects. To add to higher interest rates for parking minexcoin. Parking means coins are voluntarily withdrawn from the market by the user. It has three parking options: you can park it by day, by month or annual. Average parking payouts for 2017 is 70%, 2018 is 45-55% and for 2019 is 25-45% (but subject to change by Minexbank depending on market conditions.
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