I need more info before investing in the ICO. I like the idea of the decentralised bank and exchange but you need to give much more details. So if the currency is stable, what will be the initial price of the mnc? 1000 mnc for 1 bitcoin doesn't seems like much coins.
Hello,
Thanks for your question!
We have some assumptions about Minecoin price, here they are:
Pessimistic: 0,9$ = 0,0015 BTC/1 MNC
Optimistic: 10$ = 0,016 BTC/1 MNC
Average: 5-6$ per MNC = 0,009 - 0,01 BTC/1 MNC*
*Depending on the amount of money collected in the second phase of the ICO (pre-sale).
Some info about Minecoin specifications and issuance:
• Total supply: 19 million MNC
Pre-mining: 5,5 million MNC
ICO (Subscription + pre-sale + bonuses): 2,7 million MNC
Bounties: 0,3 million MNC
Initial capital of MinexBank: 1,5 million MNC
Reserve for advisors and developers: 1 million MNC
• Block time: 12 sec
• Block reward: 0,5 MNC