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.



  • Minexbank and Minexcoin is nearing its completion





    Dear Community!

    We are pleased to announce that the testing of Minexbank and Minexcoin is nearing its completion. As you know, a participating in a public test means receiving an award for active participation in it and is a part of the bounty campaign.

    According to the rules of the public test, each participant is allocated 5 and 45 coins. The “Xcoin’s”, which were earned during the testing of the “parking” functionality will be transferred in Minexcoins at the end of the test. Blog and rules link: https://blog.minecoin.org/release-of-minexcoin-and-minexbank-test-network-start-of-public-testing-e1ee562f2563

    We remind that according to the rules of the public test of Minexbank, in order to participate in the test, and later — to receive the earned coins, it is necessary to verify yourself as a unique user through the Telegram account. Verification involves authorizing its unique Minexbank wallet and telegram account. To do this, you need to send a message in the Telegram messenger to the bot account of MinexSystems before the end of the test, where you have to indicate the address of wallet and its nickname telegram account in the appropriate form. After that, you will receive a response message confirming the verification or refusal due to non-compliance with the rules or other reasons.

    It is important that at the same time for each Minexbank wallet only one telegram account is allowed.

    Link for submitting the form in Telegram: https://t.me/minexsystemsbot

    The form:

    1. Telegram
    2. MyMinexbank wallet’s address

    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 - MNXcore is ready to use

    Hello, dear Minexcoin community.

    We are pleased to present you the Linux and Windows version.

    1. Link for download and install wallet here (Linux) https://github.com/minexcoin/minexcoin →README.md →Linux binary file: http://minexcoin.com/bin/linux/minexcoin-qt 2. Windows version (64 bit). You can download the wallet by link https://drive.google.com/open?id=0B6RgVwaRHPRyZGQycjlrRS1fY2s You can download MNXcore on our official site too https://minexcoin.com/ 3. Here is the link for GitHub with open source code https://github.com/minexcoin/minexcoin

    4. Now is available for mine only CPU mining. 5. Network difficulty is high. Because of this, mining will be slowly. 6. Pay attention! Now we have 2 Minexexplorers. - For the testing and verify test addresses: http://test.minexexplorer.com/ - Explorer which will work as a regular basis: http://minexexplorer.com/

    7. How to mine coins: Help -> Debug window -> Console.

    generate <nblocks> <maxtries> — Start mining process. generatetoaddress <nblocks> <address> <maxtries> — Start mining process to certain address.

    Where:  <nblocks> — How many blocks need to be mined.  <maxtries> — Amount of tries to guess block (optional).  <address> — Address to receive mined coins.

    You can start several system threads for mining to load your CPU. Run command “generate” or “generatetoaddress” as many times as you want. But must be less then amount of cores of you CPU. You may use “ &” at the end of command to run mining in background (Unix).

    Note:  Mining process may find block or disconnect from minexcoin daemon. If block is found, start mining process again to find next block.  If mining process was disconnected, don’t start it again until block will be found.

    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 mine MNX 

    Hello, Minexcoin community! Here is instruction where we described you how you can mine, there are two ways.

    1. Mining using user-friendly GUI that can use only one thread (use minexcoin-qt file). 2. Mining with several system threads within terminal (use file -minexcoind) .

    1. How to mine MNX (if you use a file minexcoin-qt): Help -> Debug window -> Console.

    generate <nblocks> <maxtries> — Start mining process. generatetoaddress <nblocks> <address> <maxtries> — Start mining process to certain address.

    Where:  <nblocks> — How many blocks need to be mined.  <maxtries> — Amount of tries to guess block (optional).  <address> — Address to receive mined coins.

    You can start several system threads for mining to load your CPU. Run command “generate” or “generatetoaddress” as many times as you want. But must be less then amount of cores of you CPU. You may use “ &” at the end of command to run mining in background (Unix).

    Note:  Mining process may find block or disconnect from minexcoin daemon. If block is found, start mining process again to find next block.  If mining process was disconnected, don’t start it again until block will be found.

    2. How to start several system threads for mining to load your CPU:

    Linux ============== 

    1. Download zip archive from https://minexcoin.com (http://minexcoin.com/bin/linux/minexcoin-linux.zip). 

    2. Extract zip archive named “minexcoin-linux.zip” via linux terminal OR graphical user interface. (HELP: https://www.cyberciti.biz/faq/howto-extract-zip-files-in-linux-unix-command/

    3. Open linux terminal if it wasn’t done before. (HELP: http://lmgtfy.com/?q=linux+how+to+open+terminal

    4. Move to folder where you unzip the files. (HELP: http://www.rapidtables.com/code/linux/cd.htm

    5. Run command in linux terminal to start minexcoin core daemon: ./minexcoind -rpcthreads=<n> & . Where “<n>” is: AMOUNT OF CPU’s CORES + 1.

     6. Run command to get common info about network and yours wallet: ./minexcoin-cli getinfo . (HELP: https://chainquery.com/bitcoin-api/getinfo

    7. Run command listed in item 6 until value of variable “blocks” of output of command “getinfo” will be equal to height of last block on explorer (http://minexexplorer.com/). 

    8. Run command to start mine: ./minexcoin-cli generate 1 & . 

    9. Run command listed in item 8 as many times as your AMOUNT OF CPU’s CORES but wait 2 seconds or more before you will start command again. 

    10. Wait. Just wait. No, seriously, you have to wait until your CPU cores find blocks for you. It is hard work. It may be VERY LONG PERIOD, be patient. 

    11. If block is mined you receive something like “0000016cc4c6b1a4a425f0687d0d9268b9b0c92bc6c03d2343e4a4c302d159bb” <- It is your mined block. Yes, you are winner.

    Windows ============== 

    1. Download zip archive from https://minexcoin.com. There are x32 and x64 versions in separated archives. (http://minexcoin.com/bin/windows-x64/minexcoin-windows.zip or http://minexcoin.com/bin/windows-x32/minexcoin-windows.zip). 

    2. Extract zip archive named “minexcoin-windows.zip” via graphical user interface. 

    3. Open windows command line if it wasn’t done before. (HELP: http://lmgtfy.com/?q=windows+how+to+open+cmd

    4. Move to folder where you unzip the files. (HELP: https://ss64.com/nt/cd.html

    5. Run command in windows command line to start minexcoin core service: minexcoind.exe -rpcthreads=<n> . Where “<n>” is: AMOUNT OF CPU’s CORES + 1. 

    6. Run command IN ANOTHER COMMAND LINE to get common info about network and yours wallet: minexcoin-cli.exe getinfo . (HELP: https://chainquery.com/bitcoin-api/getinfo

    7. Run command listed in item 6 until value of variable “blocks” of output of command “getinfo” will be equal to height of last block on explorer (http://minexexplorer.com/). 

    8. Run command to start mine: start /B minexcoin-cli.exe generate 1 . 

    9. Run command listed in item 8 as many times as your AMOUNT OF CPU’s CORES but wait 2 seconds or more before you will start command again. 

    10. Wait. Just wait. No, seriously, you have to wait until your CPU cores find blocks for you. It is hard work. It may be VERY LONG PERIOD, be patient. 

    11. If block is mined you receive something like “0000016cc4c6b1a4a425f0687d0d9268b9b0c92bc6c03d2343e4a4c302d159bb” <- It is your mined block. Yes, you are winner.

    Terms  — — — — — — —  Graphical user interface (GUI) — http://lmgtfy.com/?q=GUI Linux terminal — http://lmgtfy.com/?q=linux+terminal+wiki Windows command line — http://lmgtfy.com/?q=windows+command+line+wiki

    Follow our news:

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

    Twitter: https://twitter.com/MinexBank

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

    Slack: minexcoin.slack.com



  • Withdraw MNX from the ICO and bounty accounts to MNXcore.

    Hello, Minexcoin community!

    Today you can withdraw your coins from the ICO and bounty accounts to MNXcore. How will be going the withdrawal of coins, for detailed steps see below:

    1. You need to download the wallet MNXcore, you can download the wallet on our official website: https://minexcoin.com/ 2. Generate the address in the wallet to which you will send coins. 3. Log in to your ICO or bounty account, at the top page you will see the field “Withdraw” — write the address of your wallet in the field and click the button “Withdraw”.

    This is screenshot of ICO account

    4.  You may have a response from us ‘’ Withdraw completed ‘’ — this means that you successfully withdrawed the coins to your MNX address

    This is screenshot of ICO account This is screenshot of bounty account

    Or the answer: ‘’Order is opened. Please wait until order will be processed’’ — this means that the application was submitted successfully, but there are errors in the balance sheet.

    This is screenshot of ICO account This is screenshot of bounty account

    Pay attention! Confirmation of applications for the withdrawal of coins from the bounty panel will be manual, so coins will not appear on your MNXcore balance immediately.

    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 (MNC) - Explorer refresh 

    Dear Minex community!

    We’re in the homestretch towards exchange listing. As said before, we needed to finish some updates to meet high requirements of major exchanges (e.g. Bittrex).

    One of such updates is our refreshed MinexExplorer. We’ve rebuilt an architecture of this service which has increased web-client speed and servers stability. Also we added several functional bits and bobs:

    • hash rate is displaying on the main page now as a graphic or by digits
    • network difficulty is displaying on the main page too (also as a graphic or by digits)
    • new adoptive layout optimized for correct display in different conditions
    • and last but not least, we prepared Explorer API

    As for the other updates left: we’ve made some changes to the coin itself, they will be implemented at the 22080 block height. It will take several days to reach this point, but please don’t worry: it’s the only thing left before applying MinexCoin for major exchanges.

    Next time we’ll share with you more detailed info about our MIP — “MinexCoin improvement proposal”.

    Great news are coming!

    Thank you for your patience and for your incredible support.



  • Minexcoin Weekly Report - Smooth week for MNX

    Hello, community!

    Exactly one week ago MNX has started its listing on the Livecoin exchange. After seven days we have some results which we want to share with you in this report. Have a comfortable seat, we’re beginning.

    Starting price was about US$ 1–1,5 per coin. This was due to one main factor: bounty holders (mainly) started to sell their coins not bothering about preferable price. Actually, this situation didn’t last long, the price was consolidated after, and just in two days the price has begun to rise and increased fourfold (x4) to the moment.

    5 dollar rate was achieved on the fifth day of trading and ranges from $4.60 to $5.35 at the time of this writing. You can see it in the chart below

    The market capitalization of the MNX today is about $ 28 135 721 and this volume continues to grow. Also the hashrate of the blockchain has increased significantly. It happened due to the addition of MNX to the Suprnova pool and due to miners capacity all over the world. The average hashrate is about 1.6 MSOL per second now with frequent risings up to 3,5 MSOL/s. It means that MNX blockchain security has been strengthened and it shows a tendency to ever-increasing decentralization.

    As for the MinexBank product, it also has a positive dynamic. The algorithm continues to collect data about all MNX operations and calibrates itself. The number of users who use parking tool grows by 5>#/strong### every day that’s why we’re focused on upgrading of all our platforms at the moment.

    Summing up these facts, we can say that everything is going according to MinexBank Memorandum (which you definitely have read a week ago!).

    Of course, we can’t take all the credit, so we want to thank you all for the activity and for spreading the information about our project into the blockchain community. Way to go, just keep trading, parking, and earning!

    MinexSystems’ team hopes this information was useful to you. We’ll keep you informed about all upcoming news. For example, during the creating of this article new MNX/USD pair was added on the Livecoin exchange.




  • Minexcoin - Meet the MinexBank 2.0 - New Clint Release

    Dear community!

    Our team is glad to present a new client for MinexBank which became more rapid, stable, and comfortable.

    Let’s go over an upgraded version of MinexBank in details. How we’ve already mentioned, the new client got a set of major updates that allowed to increase all qualitative indicators. The main news is that we identified a number of vulnerabilities during the workflow, so it was decided to totally re-architect MinexBank. From a technical point of view updates are:

    • We’ve optimized the data exchange speed and split the frontend (it uses Single page app) and backend (it uses rest API). Respectively, the traffic saving increased by 10–20 times. It influenced the download, operating, and work speed.
    • Improved architecture of the application let us withstand more users under normal conditions of use.
    • Parking payments speed was increased.
    • The balance sheets were accelerated.
    • And as the part of the improvement, we made a backend for mobile applications. So in the nearest future, we’ll present the Android application for MinexBank.

    Of course, that’s not all technical modifications in the system’s structure, however, we can’t tell you about the rest of them because of security concerns. We’re hoping you’ll understand that. As for the MinexBank user experience, we also added few functional bits and bobs that you’ll see during the work with the system. Here they are:

    • Month parking duration added.
    • Two-factor authorization removed.
    • Balance changes occur without having to click on the Update button now.
    • Payment processes modified. Information about payments shows as soon as it appears in the blockchain.
    • Payment function received paid and pending statuses.
    • You can receive notifications from the MinexBank directly to the e-mail.
    • Added the password reset\change function.

    We’re sure that the new version of MinexBank will enhance customer experience across all points of interaction and will allow us to provide faster and easier access to the bank client for a greater number of people. You can try new MinexBank following the link https://minexbank.com .

    We look forward to getting your feedback!



  • Minexcoin Monthly Report #1: Hit the Top

    You will find out about how things are going on the exchanges, what’s new in MinexBank, and what we have already done and what are planning to do in the nearest future.

    Disclaimer: yes, we know that more than a month has passed, but the events happened in early December just couldn’t remain unnoticed by us. It is a Monthly+4 days report. Let’s begin!

    If the Beatles worked in our team, they definitely would sing that “it’s been a hard day’s month” and would be right. Only for 34 days, Minexcoin came all the way that some altcoins reached for months. Not just in a price growth, but in product development too. In this post, we made a retrospective about the first month of MNX since it became listed on the exchange. Each paragraph dedicated to the one theme.

    Stock things

    Here is the graphic from 2 November to 4 December. Looking quite good, isn’t it?

    As you can see, MNX showed a steady increase during this month. Started with $1.44 price per coin it hits $69.93 price on 03 December with $200 877 600 total Market cap. It means the coin raised in 48 times or 4756.25>#/strong###. It’s definitely good news for the holders! However, we want to be objective and mention that the impressive growth from 50$ to 69$ had signs of the faux growth made by market traders, so after a hit, we saw the price correlation to the organic 45$-50$ rate. Another extremely important achievement is that MNX broke into the TOP100 world’s cryptocurrencies list according to the CoinMarketCap. It’s ranking between 65 and 72 places at the time of publication of this article.

    Now let’s unpack these facts and understand what’s driving them. First of all, it is the support from each member of the community (by the way, thank you for that!). It shows that MNX and the whole MinexPlatform’s idea are essential and interesting for the cryptoworld. Therefore with the popularity, MNX gets new followers and grows in the value. Also, we consider that MNX growth depends on its status among other cryptocurrencies. For example, we stay in “Biggest Gainers list” for three successive weeks.

    Another question which was asked in the community several times was “What will be with the price after $20 high and what does the MinexBank do with fluctuations similar to December hits?”. According to MinexBank Memorandum, our algorithm needs three months for a final calibrating and before reaching this point the price will depend on the market like it’s happening now. So if the market would think that the MNX price should be much higher than it claimed in Memorandum, it will raise. Also, it must be said that, accordingly to our White Paper, Minexbank would correlate the price within 5% range from the cost based the previous day’s closure price.

    The 20$ price was the first basic point set in our Memorandum, — says Boris Shulyaev, CEO of MinexSystems. — But if you read this document closely, it mentioned that price can differ highly and will set on the mark which market established itself. However, with the price and volume growth, we’ll see fluctuations reductions”.

    Around MinexBank

    The “Buy.Park.Earn” principle obviously works (according to all MNX holders activities). But to avoid giving unfounded allegations better let figures speak for themselves. From 1 November to 1 December MinexBank users number increased by 44.69>#/strong### and almost as much increased the total number of parked MNX. Certainly, we can’t voice total amount of parked coins due to security concerns but can say that it has exceeded $10 million and MNX holders received about 74 000 MNX for their Parkings.

    “It’s too soon to talk about the full-fledged work of MinexBank. At the moment, the algorithm learns and collects all the data related to market behaviour and a coin’s indicators. — mentioned Alexandr Rudichenko, Financial analyst of MinexBank. — As we have already said, this process will last for about three months. Then we will see the product in all its power”.




    During this month MinexBank has changed parking rates for the eight times and, it should be noted, that was added a monthly parking in the 2.0 bank client version. Experience has shown that different users used different parking strategies, so we’ll do a detailed review on “How to Park coins and what strategy you can choose for it?” in the nearest time.

    November milestones

    The other important news of the month is:

    • Only several days ago our team presented all-new MinexBank client with the upgraded functional. Apart from the improved user experience, our development team made a re-architect for the whole system. Now Bank provides faster and easier access to the system for a more significant number of people.
    • MNX received a Legal opinion from the lawyers and passed the Howey test. It’s important news for the U.S. residents and those who trade on the U.S. and popular world exchanges. The status of MNX that doesn’t fall under the definition of “Security” opens these stocks for coin.
    • We’re finishing our work on the mobile version for MinexBank. Android app will be released after few days after this article.

    Regarding the plans on December our team will concentrate on several things. They include working on new exchanges, tech improvement for available MinexSystems products, and development of next ones.

    As Boris says “we evaluate the first month of MNX listing positively. Of course, as in any new business, we ran into some difficulties during the development and spent a little more time as we expected on the MinexBank 2.0 release, but to create a quality product, we believe that it wasn’t wasted. As soon as it became possible to touch it and see market’s reaction, the motivation of the team increased at times. Still, it’s nice to see how something you have been working on over the past year and a half has evolved from the idea to the product that, as seen from the indicators, is well received by the community”.

    As a bonus, the end of our report we’d like to devote to our social capital, namely you. Every day we add about 75 new users or 3 new users per hour. On the last month, the number of mentions about MNX in social networks has increased rapidly — by as much as 530%. Also, users who care about spreading the knowledge about MNX wrote several articles about us. For example:

    Consumer Banking Takes Major Step Forward With Blockchain Technology To Help Consumers Save
    Most of us have consumer bank accounts that we use to pay our bills, make purchases, investments, and save money with …keepingstock.net

    or

    MINEXCOIN, You should not missed! Soon to reach $20 with low volatility! - Steemit
    Hello steemians, It may appear that I encourage you to take a look on this cryptocurrency! That it has more potential…steemit.com

    Thanks for the reading and remember to watch after MNX all over our channels:

    Have a good parking!








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