Minexcoin - A new era of payments

[TeMHuK]

I'm sorry I don't have the time to read 500+ pages but I have one thing that is puzzling me and couldn't find it clearly... where is the interest MNX supply coming from?
I mean, on the long term, I understand there are 1.5M coins reserved to pay interests but what happens after it dries out?

I mean, if the system is not sustainable on long/indefinite term, first thing to question is if it looks like a ponzi?

Don't get me wrong, the idea and the project look quite promising, I already put some fiat in it but I wouldn't go far beyond with a consistent investment without understanding the mechanism of giving away "free" (virtually unlimited) interest.

Thanks,

Bank take percents from each mined block. More info you can find in white paper https://minexcoin.com/html/download/wpeng.pdf

[1714787840]

1714787840

[tex83rb]

I'm sorry I don't have the time to read 500+ pages but I have one thing that is puzzling me and couldn't find it clearly... where is the interest MNX supply coming from?
I mean, on the long term, I understand there are 1.5M coins reserved to pay interests but what happens after it dries out?

I mean, if the system is not sustainable on long/indefinite term, first thing to question is if it looks like a ponzi?

Don't get me wrong, the idea and the project look quite promising, I already put some fiat in it but I wouldn't go far beyond with a consistent investment without understanding the mechanism of giving away "free" (virtually unlimited) interest.

Thanks,

from the miners. the reserve is replenished by miners fees. is written by the company some post ago

[Fabriz]

I think there is also a robot for buy and sell orders in the market to control the trend, and with the robot they can make profit

[Effekt]

I think there is also a robot for buy and sell orders in the market to control the trend, and with the robot they can make profit

I'm guessing that robot will be tasked with stacking coin bricks to get others into the wall, then pulling out and stacking back on top (burn the traders', keep the reserves', unless needed).

Looks like the next pump is about 8-9 days away, excluding anymore buy-in frenzy. My guess is one more minor dip (15-20k Sat range), a noisy sideways, then a bigger build; I'm hoping for a steady baseline before it blasts off, so it doesn't come back down to $9.something again. Figuring that we already had a +$4'ish strength added to our base resistance after the first pump&dump, I wouldn't be surprised to see $12-14 become the next. Assuming we don't hit $20 and lock in.

In the meantime, I'll be here power-sipping Nyquil while I wait for my transfer to land on GDAX, to be converted & transfered to Livecoin before it takes off again. That probably won't happen til Friday. Stupid genocide celebration day. 

[wiss19]

I think there is also a robot for buy and sell orders in the market to control the trend, and with the robot they can make profit

yes it does exist today we are made easier with tools and programs that are more sophisticated and indulgent, and maybe that you think is true

[creativeeditors]

hello dev,
can i send some MNX from livecoin exchange to wallet desktop and try the parking in MINEXBANK SYSTEM for get % reward?
by the way, how about the roadmaps, your the plan will realese the MINEXPLATFORM and MINEXEXCHANGE,
the minexplatform still not work (http://minexplatform.com/)
and what about the MINEXEXCHANGE and was released to the public. ?

[sandman53]

hello dev,
can i send some MNX from livecoin exchange to wallet desktop and try the parking in MINEXBANK SYSTEM for get % reward?
by the way, how about the roadmaps, your the plan will realese the MINEXPLATFORM and MINEXEXCHANGE,
the minexplatform still not work (http://minexplatform.com/)
and what about the MINEXEXCHANGE and was released to the public. ?

I'm not the dev
But you can send MNX from livecoin exchange to wallet desktop and park the coins in MINEXBANK

[Anon11073]

Hello Minex.
I sent a mail to 'support@minexsystems.com'. please confirm!

[Huskarls]

Hello Minex team and crew, Just want to ask you about Do you have any plan to held an event on south asia in near future? like in Malaysia  or Singapore

Hello!

At the moment, our team is closely engaged in the product development.
We always post our plans about events and updates in all our official channels so you can always keep yourself updated about the project and where it goes.
Follow us: https://medium.com/minecoin-blog

any way to get a free minexcoin or other bounty to for right now ?
it looks like that im late to follow up your programs, but maybe there still a chance to get it free beside to buy it on exchange

[rube08]

Hello Minex team and crew, Just want to ask you about Do you have any plan to held an event on south asia in near future? like in Malaysia  or Singapore

Hello!

At the moment, our team is closely engaged in the product development.
We always post our plans about events and updates in all our official channels so you can always keep yourself updated about the project and where it goes.
Follow us: https://medium.com/minecoin-blog

any way to get a free minexcoin or other bounty to for right now ?
it looks like that im late to follow up your programs, but maybe there still a chance to get it free beside to buy it on exchange

The bounty program closed months ago once the ICO has concluded.  You can earn MNX coins by mining for the coins, which instructions for the mining pools are on the front page.  You can also use their facuet to earn some mnx coins every few hours.  One other way to earn mnx coins is to purchase them on the exchange, transfer it to the minex core windows wallet, and register for minexbank to earn mnx coins weekly based on the interest rates.

[Xantopher]

I think there is also a robot for buy and sell orders in the market to control the trend, and with the robot they can make profit

yes it does exist today we are made easier with tools and programs that are more sophisticated and indulgent, and maybe that you think is true

Even if the exchanges could filter out these bots, I don't think they would as they're also profiting off these orders.

[mkmdoc]

Hello Minex team and crew, Just want to ask you about Do you have any plan to held an event on south asia in near future? like in Malaysia  or Singapore

Hello!

At the moment, our team is closely engaged in the product development.
We always post our plans about events and updates in all our official channels so you can always keep yourself updated about the project and where it goes.
Follow us: https://medium.com/minecoin-blog

any way to get a free minexcoin or other bounty to for right now ?
it looks like that im late to follow up your programs, but maybe there still a chance to get it free beside to buy it on exchange

Just think about it once because already the price touched to more than 11$ and how can they can give free coins to you. Already the bounty campaign is over and many people got paid for the work they have done.

[seven.71]

hello dev,
can i send some MNX from livecoin exchange to wallet desktop and try the parking in MINEXBANK SYSTEM for get % reward?

clearly allows you to make a shipment to your desktop wallet and do the parking with 5% of the total minex coins you are parking for a week for now

by the way, how about the roadmaps, your the plan will realese the MINEXPLATFORM and MINEXEXCHANGE,
the minexplatform still not work (http://minexplatform.com/)
and what about the MINEXEXCHANGE and was released to the public. ?

I think the team is working hard to follow the roadmap they promised and I believe it, you can see now the minex price is growing significantly

[JimmyGTO]

hello dev,
can i send some MNX from livecoin exchange to wallet desktop and try the parking in MINEXBANK SYSTEM for get % reward?

clearly allows you to make a shipment to your desktop wallet and do the parking with 5% of the total minex coins you are parking for a week for now

by the way, how about the roadmaps, your the plan will realese the MINEXPLATFORM and MINEXEXCHANGE,
the minexplatform still not work (http://minexplatform.com/)
and what about the MINEXEXCHANGE and was released to the public. ?

I think the team is working hard to follow the roadmap they promised and I believe it, you can see now the minex price is growing significantly

Parking reward for weekly is 5.7%

[JimmyGTO]

Price is going over $12 now, wont be selling because the gains from weekly parking is too good.

[coin_1122]

Why the team got negative feedback, did they do any mistake? Minexcoin team is working hard behind the scene and developing their platform from scratch.

[kobe24]

Why the team got negative feedback, did they do any mistake? Minexcoin team is working hard behind the scene and developing their platform from scratch.

Vod gave that feedback even the problem is already solved and the problem is the investor he forgot to withdraw his coin on his ico account i don't see any problem with that.

[cokroalif]

although it takes a long time, MNX shows a very good development project

[annazaitun87]

very good time to parking minexcoin in the minexbank, because not to do anything just parking and take the profit...

[jadefalke]

hi,

i would analyze the Economic Systeme of MNX a bit, could the Guys from the Team be so kind to Post the Address of the Cold Wallet from minebank?

Hello!

As our WhitePaper states Cold Minexbank Wallet has reserve of  1 500 000 MNX which is used to pay the MinexBank interest rates and which is replenished by the miners' fees all the time.
As we mentioned before, this address has hundreds thousands transactions and an attempt to see its balance through the blockchain explorer currently causes the service to shutdown after the timeout.
The new MinexExplorer version will be more powerful so you can see it.

Hi,

the Hotwallet Address dont hold the 1.5 Million right? so just give me Cold Wallet Address that Feed the Hotwallet, the Block Explorere is not the Problem either, there exist already alternative Block Explorer.