Dear Community,
MinexBank interest rates have been changed![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fpicua.org%2Fimg%2F2017-12%2F22%2F092p2os8s7a5u9fgkw0dt5ga6.png&t=663&c=vGnEJSmkqnSiNg)
A wonderful rate.
Rates are normal every day.
Daily < Weekly < Monthly > Yearly
Minexcoin Team keeps on good work!
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Thank you for your support!
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What is it that you get a 70% yearly interest rate for? Where does that money come from and who is going to pay what to whom?
Hello!
It's like a deposit in similar bank, but your coins are staying in your wallet and you can cancel parking whenewher you want ( but you won't get interest ). Actually, MinexBank gives you ability to hold coins in your wallet for some interest, which depends on parking time.
The initial reserve is formed by premining 1,500,000 coins. Once there are more MinexCoins
on the market due to additional issuance (miner work rewards), the reserve will have to be
replenished and eventually expanded. The growth will be ensured by the progressive percentage
of payments to MinexBank for each block solved by miners.
Blocks 1 - 900 001 = 20%
Blocks 900 001 - 1 800 000 = 30%
Blocks 1 800 001 - 2 700 000 = 40%
Blocks 2 700 001 - 3 600 000 = 50%
Blocks 3 600 001 - 4 500 000 = 60%
Since block 4 500 001 = 70%
The bank takes the commission both from the awards of the miner and from his commission for
transactions. After completion of the issuance of coins, the commission will be 70% only from the
transaction commission.
More information about this you can find here:
https://minexcoin.com/html/download/wpeng.pdf