Minexcoin (MNC) A new era of payments - Updated Information




  • MinexCoin (MNC) is a global payments system based on a low volatility cryptocurrency which is a part of Minex ecosystem. Thanks to its stable exchange rate, MinexCoin is a reliable means of payment, while controllable growth of coin price makes it an 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.


    Minex ecosystem

    Founders about Minex Ecosystem and MineCoin

    The increasing popularity of cryptocurrencies and its underlying blockchain technology has got the banking industry worried. In order to counter the rising threat, many leading banks are investing heavily in the research and development of blockchain-based applications for their own operations.

    Some of the well-known banking majors like Banco Santander, Barclays and UBS have already setup blockchain labs. Banco Santander’s blockchain study report has revealed that by using blockchain technology, global banking sector can save as much as $20 billion a year in regulatory and compliance costs. According to the European Banking Association, the volatile nature of cryptocurrencies has prevented them from posing a significant threat to the conventional banking system at the moment. However, it may soon change with advancement in technology and increased stability of digital currencies.

    The volatile nature of Bitcoin and other cryptocurrencies has prevented them from being widely adopted as a medium of value transfer. While cryptocurrency traders and brokers tend to gain from the volatile nature of digital currencies, businesses may incur losses from fluctuating cryptocurrency values. This has prevented many merchants from accepting cryptocurrency payments from their customers.




    Minex Bank for a Stable Cryptocurrency

    The Minex team is working on developing a stable and sustainable ecosystem that can minimize the volatility associated with cryptocurrencies. The Minex ecosystem is powered by the cryptocurrency MineCoin (MNC) and in the absence of high volatility, it will be quite capable of acting as a reserve currency. The team is working closely with reputed economists to create a blockchain ecosystem which includes the best of both the worlds (conventional financial system and cryptocurrency ecosystem). In order to do so, the Minex ecosystem has borrowed few aspects from the conventional financial system to create Minex Bank. The Minex Bank will act as a Central Bank by countering speculations and other factors which might swing the value of MNC. The decentralized Minex Bank will use a “response algorithm” currently being designed by the team after extensive analysis and technical feasibility studies.




    The functions of Minex Bank will involve offering:

    Increasing the supply of MineCoin (from reserves) during the period of high demand



     Buying excess MineCoin when the supply is far more than demand



     Allowing Minex Community to maintain their MineCoin deposits and getting POS



     Regulation of interest rates for POS based on market analysis



     Offering smart-MineCoin loans to community members by a computer algorithm based on an assessment of borrower’s financial activity in Minex Ecosystem.





    Minex Platform

    Minex Platform is the most important part of the Minex ecosystem. Rest of the products are built around it to ensure the self-sufficiency and sustainability of the Minex Ecosystem. Minex Platform is designed to serve two main purposes;



    a. As an investment platform where businesses and startups can create digital stocks with dedicated crypto tokens. Investors can buy these stocks with MNCs to be part of the investment round in the fundraising startup or business. Even though its focus is mainly on strategic investors, stockbrokers and traders can also be part of it. These digital stocks are independent of MNC and their volatility doesn’t affect the value of MNC itself. MineCoin, in this case, acts only as a medium for determine value exchange.



    b. Minex Platform also plays an important role in constraining the supply of MNCs on the MineCoin market. All MNCs received during an ICO will be held in the respective wallets of issuing companies until the successful completion of the ICO.






    Minex Exchange

    Minex Exchange allows users to trade MNCs for other crypto assets. It uses a decentralized model and allows users to manage their own private keys. This will not only allow users to have complete control over the funds but also reduces the risk of hacking attacks on the platform.







    Minex Market

    Adoption of MineCoin as a means of payment is another important milestone for the company. In order to promote MNC for buying and selling goods and services, Minex Systems will also be launching the Minex marketplace with escrow facility to protect the interests of both buyers and sellers. Once the transactions are successfully completed, accumulated MNC funds can also be withdrawn through MineCoin debit cards.



    Experts from the banking sector and cryptocurrency community believe that upon realization of the current model, Minex can become the market leader in blockchain technology platforms. No one has so far built a blockchain platform using a concept similar to that of MineCoin. Minex will be capable of offering a stiff competition to existing conventional financial system.

    MinexCoin specifications 

     MNC is a derivative of bitcoin source code. Certain changes were introduced to make payments faster and the entire system more stable. 

    • Total amount: 19 000 000 

    • MNC Block rewards: 2.5 

    • MNC Hashing algorithm: Mars 

    • Block size: 2 MB 

    • Block time: 2 min 45 sec



    WhitePaper (ENG):


    WhitePaper (Russian):


    Roadmap:

    alt

    ICO details and token distribution 

    We have already successfully conducted the first round of ICO (Subscription), securing presubscription for 2 million MNC and building a strong community of investors. 

    During the second round of ICO only 150,000 MNC will be sold. The purpose of Phase Two is to determine the market price of the coin immediately before entering the exchange. The price will be calculated according to the following formula: 

    Y = ( X + Х1 ) / Z 

    where Y stands for market exchange rate (basic value in MinexBank’s algorithm); X for volume of involved investor funds; X1 for absolute volume of bonuses accrued by early participants; Z for the amount of coins available for the ICO. Phase Two will run from May 15th, 2017 to June 13th, 2017. 

    Bonuses for early participants of Phase Two:



    Links:


    Website:


    Twitter:


    Facebook:


    Youtube:


    Github:


    Blog:


    Contact:

    Minexcoin Bounty Campaign


    Time frame of bounty campaign: March 29, 2017 — June 13, 2017

    During a public stage of ICO, you can get Minexcoin by joining the project community and participating in our bounty campaigns.

    For early marketing and rewarding active participants of our community, we will reserve 300 000 MNC.

    To start participation in the bounty campaign, please complete registration using a link: http://minexcoin.com/?r=bounty/signin

    Sections:

    • Newsletter subscription
    • Facebook
    • Twitter
    • BitcoinTalk signatures
    • Translations
    • Activity on BitcoinTalk forum
    • Publication of information about the project on other websites
    • Creation of topics on other forums and maintaining their activity
    • Banner on the website
    • Video on YouTube
    • Interviews with journalists
    • Contact details of journalists and analysts
    • News referrals
    • Bugs
    • Ambassadors

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Newsletter subscription 3000 MNC

    Reward:10 shares

    To get a reward:

    1. Subscribe to the project’s news on the main page of the project

    2. Confirm the subscription in personal account of the bounty campaign

    Shares crediting:

    Instantaneously

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Facebook 27 000 MNC

    Reward:

    • Like our Facebook page: 10 shares
    • Leave comments on the Facebook page: 20 shares / comment
    • Share posts from our Facebook page: 30/ share
    • Like our posts: 10 shares / like of a post

    To get a reward:

    Add your personal Facebook account in personal account of the bounty campaign

    Shares crediting:

    Every week

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Twitter 27 000 MNC

    Reward:

    • Subscribe to Twitter account of Minexcoin: 20 shares
    • Retweets:

    10 shares / retweet, if your newsfeed has up to 300 users

    20 shares / retweet, if your newsfeed has up to 1000 users

    50 shares / retweet, if your newsfeed has 1000+ users

    • Like our tweets: 10 shares/ tweet like

    To get a reward:

    Add your Twitter account in personal account of the bounty campaign

    Shares crediting:

    Every week

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    BitcoinTalk signatures 36 000 MNC

    Reward:

    • Junior Member/ Member: 30 shares
    • Full Member: 50 shares
    • Senior Member/Hero/Legend: 80 shares

    To get a reward:

    1. Set a signature according to your rank:
    • Signature for Junior Member/ Member:

    [b]Minexcoin — A new era of payments [/b] || [url=http://minexcoin.com/?r=site/ico][b]ICO[/b][/url] || [b][url=http://bit.ly/2mQteWi]DISCUSSION[/url][/b]

    • Signature for Full Member:

    [color=#00aeef][b]Minexcoin — A new era of payments [/b] || [url=http://minexcoin.com/?r=site/ico][color=#00c07b][b]ICO[/b][/url][/color][color=#4C6F8C] || [/color][b][url=http://bit.ly/2mQteWi][color=#8f5db7]DISCUSSION[/color][/url][/b] || [url=http://bit.ly/2oj9r2k][color=#ff0000][b]BOUNTY[/b][/url]

    • Signature for Senior Member/Hero/Legend:

    [table]

    [tr]

    [td][color=#229ecd][size=18pt]| [b]Minexcoin[/b][/size][/color][/td]

    [td][b] A new era of payments[/b]

    [b] [url=http://minexcoin.com/?r=site/i... TO ICO[/url][color=#00c07b] | [/color][url=http://bit.ly/2mQteWi][color=#8f5db7]LINK TO DISCUSSION[/url][/b][/td]

    [/tr]

    [/table]

    2. Add link of your BitcoinTalk profile to your personal account:

    Connect BitcoinTalk:

    (After verification of your signature by administrator, you’ll see a status “confirmed”)

    3. Make at least 20 posts per week

    Shares crediting:

    Every week

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Translations 15 000 MNC

    Reward:

    Translation of BitcoinTalk Topic: 100 shares

    Translation of the website: 100 shares

    Translation of WhitePaper: 200 shares

    To get a reward:

    Reserve a translation

    https://goo.gl/forms/B7hkjII0n5qV6MmV2

    • Reservation of WhitePaper translation:

    https://goo.gl/forms/ctN6qfy3iBBU3LDd2

    Lists of reservations:

    https://docs.google.com/spreadsheets/d/1F_0uHAaO3W2UXGEDjJ9ENKaRZjBpXg3EosQOshfQN44/edit?usp=sharing

    Shares crediting:

    After receiving a translation and verification by administrator

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Activity on BitcoinTalk forum 48 000 MNC

    Reward:

    Post with a hashtag “#minexcoin.com” : 15 shares

    To get a reward:

    Every Friday in your personal account click on “Forum activity” button and add link to your BitcoinTalk profile and specify the number of your posts with a hashtag “#minexcoin.com”

    hares crediting:

    Every week

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Publication of information about the project on other websites 15 000 MNC

    Reward:1 publication: 50 shares

    Requirements:

    • min 500 symbols
    • 2 links to the official website of the project minexcoin.com
    • resource traffic
    • specify your Bounty ID in the publication, so that we can identify that this publication is yours.

    To get a reward:

    Choose “Publications” in your personal account and add a link to the publication. After its approval, lots will be credited.

    Shares crediting:

    Every week

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Creation of topics on other forums and maintaining their activity 30 000 MNC

    Reward:

    • A topic creation: 50 shares
    • Message in this topic: 10 shares

    Requirements:

    • Specify your Bounty ID in the topic for identification of the author

    To get a reward:

    Choose “New forum topic” in your personal account and add link to a new topic.

    Shares crediting:

    Every week

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Banner on the website 12 000 MNC

    anner

    Reward:

    Depending on the website traffic, location and size of the banner.

    Specify information about the amount of the reward ([email protected]).

    To get a reward:

    Choose “Banners” in your personal account and add link to your website with a banner.

    Shares crediting:

    Every week

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Video on YouTube 15 000 MNC

    Reward:

    Video review of the project: 25 mnc

    Requirements:

    Duration: at least 2 minutes

    Number of subscribers: more than 500

    To get a reward:

    Choose “YouTube” in your personal account and add link to the video.

    Shares crediting:

    Every week

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Interviews with journalists 12 000 MNC

    Reward:

    100 MNC

    Requirements:

    Provide a Skype/chat interview, followed by a publication of an article, audio or video interview.

    To get a reward:

    Contact us: [email protected]

    Shares crediting:

    After material publication

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Contact details of journalists and analysts 9000 MNC:

    Reward:

    10 MNC

    Requirements:

    Name, previous publications, Twitter, e-mail and telephone/Skype.

    To get a reward:

    Send us a message with a letter subject: “Contact details of journalists”, and in the letter specify Name, previous publications, Twitter, e-mail and telephone/Skype of the journalists.

    Shares crediting:

    After verification by administrator. Once per week.

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    News referrals 9000 MNC:

    Reward:

    10 shares

    Requirements:

    To get a reward:

    1. Copy your referral link in your personal account

    2. Publish a link in your blog or social media pages

    3. After user’s subscription to project’s news, shares will be credited.

    Lots crediting:

    Every week

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Bugs 15 000 MNC

    Reward:

    Individually (Depending on criticality level of bug)

    To get a reward:

    Report an error in operation of services or programming code to the e-mail:

    [email protected]

    Shares crediting:

    Immediately after bug determination

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Ambassadors 12 000 MNC

    Reward:

    200MNC/month

    Requirements:

    • Knowledge of the concept and sharing the philosophy of Minexcoin project
    • Activity in blockchain industry for at least 2 years
    • 2 representatives for one language

    Responsibilities:

    • Inform the audience of your language group about the concept and philosophy, concept and operational nuances by communicating on subject-related resources and answering questions via e-mail.

    To become an ambassador:

    1. Inform about your desire to become an ambassador of the project using our e-mail: [email protected]
    2. In the letter specify your personal data (name, sex, age, country, working language, background in the blockchain industry)

    Shares crediting:

    In the end of the month

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    Reserve 15 000 MNC

    We are reserving 15 000 MNC for unforeseen situations and replenishment of drained reward funds.

    If you have any other ideas on how to tell the world about the Minexcoin project and make the bounty campaign more successful, please let us know. Every idea will be adequately rewarded.

    If you have any questions regarding the bounty campaign, do not hesitate to contact us: [email protected]



  • How it was. Evolution of Minexcoin Payment system. (Part 1)

    Like most of the startups, we started our business in a garage. After finding out about cryptocurrencies and mining, we made the first mining rig and put it in the garage. Since it was making too much noise, we needed non-residential premises in order not to disturb people around us. We had no experience in setting up a computer, so we had to learn it along the way. We spent a week for setting up the first rig: first of all, we found out which components were necessary, which of them were the best as for the price/performance ratio, and then gained insight on the software. We’ve faced a lot of challenges. Some of them stuck in our memory. For example, there were no monitor-screen picture, since the motherboard had 6 graphics cards, and the program couldn’t decide which one to use for displaying information. The solution was much easier than we thought: all we needed was to remove a motherboard battery for 10 minutes and then to put it back. And the picture was displayed. The second challenge was unavailability of 280 AMD graphics cards in the country. At that time, it was the most popular model for mining, since its price conformed to the performance. Since the period of the farm intensive development coincided with the excitement for the Ethereum mining, such graphics cards were in short supply. So we had to make a deal with foreign suppliers from the Celestial Empire, but the cards had a 390 index.Now, when looking back at our first experience and realizing how insignificant these problems were, we are treating them with a forbearing smile.

    There were problems at every turn, but we were wrestling with them, and each next rig required less time for its installation and maintaining. Eventually, we got enough knowledge in this field to give other people guidance on how and what to mine.

    Later on, we came up with an idea to create a token, which enables people to own a share in a mining farm. We were mindful of the fact that the interest to mining was growing, and at that time the interest to cloud mining started to increase as well, since this type of mining releases miners from many challenges concerning the hardware. Just by purchasing a contract, user becomes miner. But we decided to use an alternative method and offer a token equal to a share in a mining farm. The advantages of such token were the facts that it had no expiration date, and could be easily bought and sold on the exchange, as well as the fact that it wasn’t pegged to mining of a particular currency. It means that the farm mines the currency that is the most profitable at a particular period of time, and the token owner is not subject to risk of a yield decrease of a particular currency, and any moment can sell a token. The name of the token was MineCoin, meaning “mine the coin”. Together with the growth of our technical experience, our knowledge in the field of blockchain technology and existing fintech solutions on its basis was increasing as well. At the same time, we started to realize the market demand for them. After getting deeper technical and economic knowledge, we realized that this technology is really great, and we can offer a much more useful product than a mining farm token. We founded a startup, called MinexSystems, bringing together experts from various fields, including programming, cryptography, economics, data protection, law, as well started to cooperate with specialized universities of the country. Having the same idea and a lot of enthusiasm, we set ourselves a goal of implementing our ideas and knowledge into highly sought solutions. We decided that all products of our project should have the same word ‘Minex’ in its name (MinexCoin, MinexBank, MinexPlatform, MinexExchange).

    ‘Minex’ means Minimum expenses, reflecting one of the main advantages of the blockchain technology application.

    The initial concept of a minexcoin payment system differs from the one you see now. Its elements were added step by step, until the entire system was built. While developing the concept, we were facing some challenges, and the solutions showed us the right way. But we will tell you more about it in the second part.

    How it was. Evolution of Minexcoin Payment system. (Part 2)

    https://blog.minecoin.org/how-it-was-evolution-of-minexcoin-payment-system-part-2-5c0c7a2fcb64



  • How it was. Evolution of Minexcoin payment system. (Part 2)




    The first element of the ecosystem was MinexBank, but rate volatility control wasn’t its initial function. Even after the development of other elements, its core function hasn’t changed; it is proved by the project positioning in media at the beginning of the ICO.

    Bridge between economies

    At that time, the main function of the bank was to become a bridge between the existing fiat system and crypto economy. Using debit cards, we planned to reduce the barrier between these two economies. With the help of debit cards people could buy anything for minecoins in any place where Visa or MasterCard is accepted, and do it on the same day when they got a card. The operation principle is quite simple: if you replenish the bank account with the minecoins, the funds are automatically converted into the national currency of the holder; if the holder wants to buy a product or service for the minecoins, he replenishes the account in national currency and the bank automatically converts it to the minecoins at the current rate.

    ATMs

    The pace of the process of blockchain technology implementation into the economy is influenced by the speed of circulation of new digital money. Special ATMs for such coins would reduce the costs of using the terminals of fiat banks and would increase the circulation speed of the cryptocurrency assets. But at the same time, there was a probability of full or temporary failure of bank to service the network of crypto coin ATMs because of the actions of national financial market regulators. Considering these aspects, we tilted toward our own ATMs.

    Crediting

    As well as today, at that time crypto economy was developing rapidly. Many people started to build their own mining plants or buy ASIC. Many of them had access to cheap electricity, necessary premises, and specific knowledge, but in order to develop the farm, they needed financing. To take a loan in bank is not an option, since on the one hand high interest rate would make business less cost efficient, and on the other hand bank can turn down an application for credit, just because it doesn’t understand what mining is. As the result, there was a lack of financing sources.

    So the next function of the bank was crypto economy financing. Crediting was divided into two types: large credits (for mining farms, hardware and software crypto projects) and microcredits (consumer crediting).

    The main task of microcredits was to give those, who have no access to traditional banking services, an opportunity to get financing. A distinctive feature of regular microcredits is high interest rate, but we aimed reducing it by cutting costs due to decision making automation. Analysis of loan debtor should be carried out on the basis of his activity in Minex Ecosystem, i.e. analysis of the volume of coin circulation within his minecoin account, history of created/bought/sold assets on MinexExchange, and other features. It would help to determine the level of financial solvency and probability of credit default. To reduce the credit default, the legal presence of bank was necessary. But we also faced the problem of credibility of potential depositors to the bank. Since without quite long history, credibility level would approach zero, and we understood that.

    Deposits

    Holders of funds on the accounts could choose on their own how the bank should use their funds. Unlike traditional banks, where it is the bank that makes decisions on how to use money, we offered a choice. Bank clients could keep money on deposits — in such a way this money would be used for financing the above mentioned projects and microcredits, while clients would receive interest due to interest payments on the loans; the second option was a simple freezing of funds without giving the bank the right to use them.

    Conclusion

    Summing up, it can be said that initially MinexBank wasn’t designed as an algorithm for volatility control, but rather as a regular banking institution with updated functions.

    Reasons why we decided not to create an analogue to a regular bank, even a blockchain-based one:

    1. To use bank as an intermediary in the process of crediting and acquiring is a short term outlook, rather than a prospect for many years to come. We believe that the future belongs to P2P payments using mobile gadgets. That is why we came to a conclusion that a simple substitution of one intermediary by another one, even by a blockchain-based one, would be ineffective.

    2. Another problem that pushed us for the decision made is human factor risks.

    In this post, we’ve shared our thoughts occurred during the creation of MinexBank. Taking into account the fact that the idea of volatility control occurred much later, in order not to break the chronological order, later we will tell about the arguments that have formed a basis for the decision to give such a function to the bank. And in the next post we are going to talk about MinexPlatform, and why we believe it to become a catalyst for economic development and innovations in the world.

    How it was. Evolution of Minexcoin Payment system. (Part 1)

    https://blog.minecoin.org/how-it-was-evolution-of-minexcoin-payment-system-part-1-f3510a5c0b09






  • Minexcoin(MNC) Q&A (Turkish) 

    Herkese yeniden merhaba!

    Bugun size bankalarla ic ice girmis ve bunu bir hizmet anlayisi olarak benimsemis bir coin tanitacagim. Basligimdan da gordugunuz gibi coinimizin ismi Minecoin. Bu yazimda Minecoin’in bankalarla olan is birliklerini ve proje detaylarini uzun uzun anlatacagim.

    Yok senden dinlemek istemiyoruz, biz kendimiz arastiririz derseniz de sitenin ismini buraya birakiyorum;https://www.minexcoin.com/

    BANKAYLA IS BIRLIKLERI

    Bilmiyorum haberiniz var mi ama Minecoin hali hazirda bir bankayla anlasmali fakat 15 Mart oncesi bankanin bir anlasma imzalamasi gerektigi, muzakerelerin de bu sekilde devam edebilecegi kulagimiza gelen bilgiler arasindaydi. Bunun sebebi bankalarin varlik edinme fonlarindaki belirsizliginden kaynaklidir. Son zamanlardaki Bitcoin fiyatinin artisindan kaynakli banka, parasini Bitcoin’e donusturmeden once Minecoin bankasi satin almak zorunda. Bu yuzden de banka teklif parasi belirlenene kadar yuksek bir fiyattan almak zorundadir.

    Durumun belirsizligini goz onune aldiginda, her biri 100.00 coine bolunup yatirim ve girisim fonlariyla ilgili tek sayfalik teklif goturulmeye karar verilmis.

    Bu tek sayfa teklifi 31 Mart 2017'ye kadar gecerliydi ve kalan paralar da ikinci ICO asamasina gidecekti.

    WHITE PAPER PROJEYE NE ZAMAN DAHIL OLACAK?

    Ruscasi Mart 17'de Ingilizcesi de 21 Mart’ta yayinlandi.

    Bounty kampanyasi icin de 31 Mart’ta siteleri Cince’ye, Ispanyolca’ya ve Portekizce’ye cevrildi.

    BOUNTY KAMPANYASI NE ZAMAN BASLAYACAK?

    Tarihler 25 Mart’i gosterdiginde Bounty kampanyasi basladi. Detaylar icin;https://www.minexcoin.com/?r=bounty

    IKINCI ICO NE ZAMAN BASLAYACAK?

    Ikinci asamaya 15 Mayis’ta yani iki gun once baslandi ve daha once aciklandigi gibi ICO 45 gun yerine 30 gun surecek.

    ICO NEDEN TEKRAR PLANLANDI?

    Ekonomik model ve teknik acidan koklu degisiklikler ve yenilenmeler buna sebep oldu. Bu yuzden ICO’nun cikis tarihinin tekrar planlanmasi gerekiyordu.

    COIN NE ZAMAN HAZIR OLACAK?

    ICO’nun bitiminden once.

    DIGER HABELER

    Paranın iyileştirilmesi ve Github’daki yerleşimi — 12 Mayıs;

    Banka iyileştirmesi — 1–15 Mayıs;

    Para testi — 12 Mayıs — 14 Haziran tarihleri arasında;

    Bankanın beta testi — 15 Mayıs — 10 Haziran tarihleri arasında;

    Döviz listesine para eklenmesi — 15 Haziran.

    Daha fazla bilgi icin lutfen Minexcoin’in resmi web sitesini ziyaret edin;

    https://www.minexcoin.com/



  • Minexcoin (MNC) - MARS Mining Algorythm 

    Hello!

    We’ve developed a payment system on the basis of bitcoin source code using MARS mining algorithm (equihash based).

    Currently, we are at the final stage of a process, and in a few weeks it will be released. We’d like to provide our users with a reliable and secure solution with an open source code, that is why we are addressing to those who are familiar with the bitcoin source code, and have sufficient experience in the development of this sector. The goal is to check the code compliance with the features, detect bugs, optimize and audit security.

    All developers who take part in addressing this challenge will get a reward both in BTC and Minexcoin.

    Those who believe that his skills can be useful in the process of testing the system, or know someone who can do it, email us at: [email protected]



  • Why volatility is the problem for cryptocurrency and why Minexcoin is the best stable-growing coin.






    Volatility — is fluctuations in prices as to a certain level.

    For better understanding, let us give an example why big price fluctuations of an asset (high volatility) is a bad thing:

    Imagine that Alice decided to sell her old mobile phone to Bob.

    If she sells it for bitcoin or another crypto-currency, then she is at risk.

    Let us assume that she wants to sell it for 500 USD in bitcoins this is 0.313194 BTC at the rate of 1 596,45 on May 8, 2014. After selling the phone the next day, she wants to convert coins into dollars, but she finds out that bitcoin is already worth 1 300. As a result, after converting the received BTC, she has lost 92,84 USD, and in the future she will unlikely use such a method. And millions of other people and online shops think the same way: to use crypto-currency as a mean of payment is risky.

    That is why it is difficult or to be more precise it is impossible for bitcoin and other crypto-currencies to become a widespread mean of payment. As a result, the main holders of crypto-currencies are speculators and long-term investors.

    We’ve considered crypto-currency as a mean of payment for goods sold or purchased, and now let’s move on to existing platforms for creating tokens and smart contracts.

    Example:

    To create 1 token or 1 smart contract, you need to pay 1 Xtoken (an example of a resource you need to pay to perform actions on these platforms).

    The problem is that the cost of Xtoken is not fixed, and it fluctuates on the market. Provided that the platform is gaining popularity, the cost of xtoken is growing, and it won’t be profitable for people to create tokens or smart contracts on such platforms. If yesterday the token price was $10 and tomorrow it is $20, less people will decide to pay more for the same actions. Paradox: The popularity of platforms reduces the number of its users.

    That’s why for the development of crypto-currency as a mean of payment and a resource for creating smart contracts and tokens, one should control its price fluctuations.

    After we identified this problem, we began to search for the solution. After thinking the issue over and consultation with competent people, we came to a decision. The solution turned out to be very simple: it is not necessary to invent anything new, but rather simply to apply the already existing mechanism for regulating the price of national currency by the central bank.

    We won’t make a huge post about how volatility will be regulated; you can read find this information in the White paper.

    Many people wrote that “there are already solutions for stabilization asset price”.

    Our answer is as follows:

    Stabilization of prices in the horizontal corridor will not lead to anything good.

    If you do not believe, just look at the volume of trading of existing solutions.

    Our main distinctive feature is that we stabilize the price in the uplink, i.e. we support the growth through the MinеxBank algorithm.

    This is done for several reasons:

    ●Horizontally stable currencies are not attractive for traders, med-term and long-term investors. The absence of these participants greatly reduces the liquidity of the asset (Liquidity means the ability to sell the asset without losing the value of the asset).

    ● Due to the rate growth, capitalization of the crypto-currency is increasing.

    The growth of capitalization is very important for more participants to use this crypto-currency for payments.

    For example: If the capitalization of xCoin is $10 000, then it can not be used for buying a car priced at $15 000. The higher capitalization is, the more goods and services you can sell or buy for it.

    As a result, we will receive an asset that will be used by traders, investors and sellers.

    If you’ve read the first part of the article, then you remember that originally MinеxBank supposed to have other functions, but after realizing the problem, MinеxBank became an algorithm for stabilizing prices and nothing more.

    Now, after a series of publications, we hope readers understand what MinexCoin and MinexEcosystem are, but still let’s summarize.

    MinexCoin is a mean of payment on the Internet and a resource for using the functions of MinexEcosystem (MinеxBank, MinexPlatform, MinexExchange, MinexMarket.

    The objective of MinexCoin is to become the dominant payment system.

    The objective of Minex Ecosystem is to provide users with useful functions and stimulate the demand for MinexCoin.

    Minexcoin ICO: https://minexcoin.com/?r=site/ico

    Follow us:

    Facebook: https://www.facebook.com/minexcoin

    Twitter: https://twitter.com/minexcoin

    Telegram channel: https://t.me/minexcoin









  • Minexcoin team would like to thank the community for helping us make this ICO a success!





    Team Minexcoin is pleased to announce the completion of the ICO and Bounty campaign Minexcoin. We express our gratitude to all those who supported the project, and especially to investors who trusted the project with their own funds. We confirm our responsibility to make Minexcoin a leader in the industry’s blockchain industry. Thanks to the hard work of all community members, we achieved the following results:

    The amount of collected funds — — 287 BTC

    Number of investors — 1981 people.

    Number of registered ICO participants 10 066 people

    The number of participants in the company’s Bounty is 15 000 people

    The total number of Minexcoin communities was more than 27 000 people.

    The average estimated cost of Minexcoin was 0.00230523 BTC

    We remind that the purpose of the second stage of the ICO is to determine the average price of Minexcoin, which will be the base value when the project is launched on the market (exchanges).

    Today on 6/14/2017 the Minexcoin team will begin counting the results of bounty-campaign and distribution of coins. All members of the Bounty campaign and investors will be credited in the near future.

    Once again, we want to thank all the members of the Minexcoin community for supporting the project.

    Follow our news:

    Facebook: https://www.facebook.com/minexcoin

    Twitter: https://twitter.com/minexcoin

    Telegram channel: https://t.me/minexcoin

    Slack: minexcoin.slack.com









  • Release of Minexcoin and MinexBank test network. Start of public testing

    Hello, dear Minexcoin community. The day has come when we are ready to show you Minexcoin and volatility management algorithm — MinexBank.

    For those who has joined our community just recently, we’d like to recall that Minexcoin is a payment system based on low volatility crypto currency. Minexcoin is developed on the basis of bitcoin with a familiar GUI, which has proved itself as a stable and secure protocol. We’ve changed some parameters in order to further optimize it. More information is available on the official website and in the White paper. Test-net version of Minexcoin can be download here: (During the testing, the coin will be called Xcoin to prevent misleading of users by Minexcoin shifting to mine-net).

    MinexBank is an algorithm for controlling the volatility of Minexcoin.

    The objective of MinexBank is to regulate volatility of Minexcoin on the market in order to create the prerequisites for the development of Minexcoin as a global mean of payment and reserve currency on the blockchain technology.

    For more detailed information, please visit the official website of MinexBank:

    http://test.minexbank.com/

    To regulate volatility, MinexBank applies parking and interventions.

    Parking is a confirmation of the intention of Minexcoin holder not to bring the coins from the wallet to the market within the specified period of time. This intention is confirmed by the Minexcoin owner by creating an application in the MinexBank algorithm. After the end of the selected parking period, interest on the specified amount of funds, which was kept on your wallet throughout the whole period, will be paid to your address.

    Public testing

    During a few weeks there will be testing of the solutions presented to determine bugs and receive recommendations from users on the improvement of the system. No less important test goal is demonstration of recent results of the MinexSystems operation and a prototype created by the team. After the end of public testing, the Minexcoin mine-net will be launched and you will have an opportunity to withdraw MNX to your own wallets and trade them on the exchange.

    How to participate in public testing?

    1. Download the wallet. (https://drive.google.com/file/d/0B1dlB9NaqPEEV2Jmd1hLdE5CZWM/view)

    2. Register in MinexBank (https://blog.minecoin.org/how-to-register-in-minexbank-8f371bf6e5b).

    (https://www.youtube.com/watch?v=oXXGwl-4AA8)

    3. Join the official group of MinexBank in the Telegram, inform us about your desire to participate in the test and specify your Minexcoin address in a personal message. After that you will be credited 5 test coins.

    4. Park these coins and get interest.

    5. Those participants who will create more than 10 parking lots before June 27, 2017, will be credited another 45 test coins.

    6. Please note that the interest rate for parking will change during the test. Monitor interest rate changes and park coins more profitably.

    7. If you see that the rate has increased significantly compared to the parking that you have already created, you can cancel the existing parking lot and park coins with greater profit.

    How to register in MinexBank

    https://youtu.be/oXXGwl-4AA8

    Follow our news:

    Facebook: https://www.facebook.com/minexbank/

    Twitter: https://twitter.com/MinexBank

    Telegram channel: https://t.me/minexbank

    Slack: minexcoin.slack.com

    Minexcoin How to register in MinexBank

    MinexBank: http://test.minexbank.com/

    1. Download and install XCoin Wallet (Download link)
    2. Create receiving address marked “MyMinexBank” in the downloaded Xcoin wallet (File -> Receiving addresses -> + New)
    3. Register in MinexBank. To do it:

    The first step: specify your Minexcoin Address (File-> Receiving addresses) with the label “MyMinexBank” and the password that you will use for authorization.

    The second step: MinexBank should receive confirmation that the address is yours. To do this, select “File-> Sign message” in the XCoin Wallet.

    In the first field, enter the address that you have used for registration during the 1st step.

    In the second field, write the word “minexbank” without quotes and spaces and press “sign message”.

    Then, copy your signature and paste it into the corresponding field of the registration form in MinexBank and press “confirm”.

    Congratulations, you have registered in MinexBank.



Looks like your connection to Cryptocentral was lost, please wait while we try to reconnect.