Minexcoin - A new era of payments

[Entei]

I made an amateur move! I ended up selling at $40, now I have to wait a few hours to get my position back, anyway, I've already done 0.02 BTC in 3 days with MNX! It's definitely a coin of the moment.

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[Pandur]

I made an amateur move! I ended up selling at $40, now I have to wait a few hours to get my position back, anyway, I've already done 0.02 BTC in 3 days with MNX! It's definitely a coin of the moment.

coin of the moment? just wait for the moment guys who parked for one year will have their MNX released, then you'll regret it

[ololajulo]

$40.00 USD (35.17%)
0.00364521 BTC (30.14%)

WoW   going 60-80$ end of december , Jan over 100$


thx Minex-Team

But the targeted price is still 20$. They aim a constant growth for this coin, not a big pump. It's crazy, I think the guys who bought at 40$ or more risk to be disappointed. Let's hope I'm wrong..

It's an advice out of experience when u are buying a token when the value is climbing. I can't put a price on minex for now, the market will do that itself and if grows beyond it, it will be corrected.

[Irlasos]

$40.00 USD (35.17%)
0.00364521 BTC (30.14%)

WoW   going 60-80$ end of december , Jan over 100$


thx Minex-Team

But the targeted price is still 20$. They aim a constant growth for this coin, not a big pump. It's crazy, I think the guys who bought at 40$ or more risk to be disappointed. Let's hope I'm wrong..

20$ is not targeted price. It is point from where Minex bank starts his algoritm calibration. Read memorandum  https://minexbank.com/memorandum

Yes, effectively, it was this part: "Reach the exchange rate of 20 USD/MNX in the nearest future" -> Done

But the growth is defined like this "We’d like to pay special attention of the MNX market participants to the following circumstance. MINEXBANK's activity will be aimed at keeping the MNX quotes to USD within the 5% range of fluctuations relative to the representing the estimated growth rate of 42,7% per annum from the rate of 20 USD/MNX."

40$ are much higher than 20*1.42=28.4, and the coin is only released since 1 month, not 1 year.

Perhaps you were talking about "Next revision of the MNX growth rate to USD will be effected on March 1, 2018.", but this revision will occur only in 4 months.

[jules.verne]

would someone explain me how bank rewards works cuz i seem like not getting it, here is why:
choosing the daily park rewards you with 7*0,21 a week and that's=1,47%. but if you choose weekly parking, they would reward you 4*5,1 a month=20,4%, while monthly parking only rewards you with 8,6%. in this case why would someone park them for 1 month straight? maybe i'm not getting it

The parking rates are adjusted by the MinexBank algorithm depending on the current MNX price. I will not keep the interest rate of 5.1% for the lifetime since its the most profitable rate right now - people will likely use it and not be selling their coins for one week and that will affect the demand and supply on exchanges. If the price goes very high, then the rewards will be adjusted to much smaller values - ad so you'll be happy to get your 8.6% and not 5.1%+3*0.1% (exaggerating to give you an example). The algo tries essentialy to ensure low coin volatility by rewarding its holders with variable rates.
Feel free to read MinexBank: Smart Algorithms section of the WhitePaper for more details.

[uhro]

would someone explain me how bank rewards works cuz i seem like not getting it, here is why:
choosing the daily park rewards you with 7*0,21 a week and that's=1,47%. but if you choose weekly parking, they would reward you 4*5,1 a month=20,4%, while monthly parking only rewards you with 8,6%. in this case why would someone park them for 1 month straight? maybe i'm not getting it

I really don't get why the daily rate is so low and the weekly rate is so high.

My thought process would be that doing it daily would net you the most interest, the drawback being you have to log on daily and re-park your funds.
Then 4 weeks should be worth more than 1 month and 12 months should be more than the 1 year %.
Thus rewarding anyone willing to repeatedly park their coin at a smaller intervals.

Daily isn't worth it at all, weekly is the money spot right now.

Just keep in mind they change, maybe they will get balanced out a bit.

[TroubleMaker]

The rates are interesting, I guess they will change and updates the weekly and monthly rates, but the price increase is wonderful. hopefully they will keep the volatility max %5 as they proposed. ıf they will keep volatility under 5 road to top 20 coins is so close.

[Thatstinks]

MNX will hit $XXX once the big money steps in and more exchanges, no fear of depreciation for 1 year at a time, no big deal.

Are we going to be seeing it on big exchanges soon?

[smiletyson]

it's 50$ already, somebody stop minexcoin! people want to buy cheap but they missed a big chance.
now they beg for minexcoin to go down lol.

[Galabau24]

MNX will hit $XXX once the big money steps in and more exchanges, no fear of depreciation for 1 year at a time, no big deal.

Are we going to be seeing it on big exchanges soon?

Minex working on it......, in Moment 2 exchanges livecoin and a sweden Exchange Forget the Name sorry

[Pandur]

would someone explain me how bank rewards works cuz i seem like not getting it, here is why:
choosing the daily park rewards you with 7*0,21 a week and that's=1,47%. but if you choose weekly parking, they would reward you 4*5,1 a month=20,4%, while monthly parking only rewards you with 8,6%. in this case why would someone park them for 1 month straight? maybe i'm not getting it

The parking rates are adjusted by the MinexBank algorithm depending on the current MNX price. I will not keep the interest rate of 5.1% for the lifetime since its the most profitable rate right now - people will likely use it and not be selling their coins for one week and that will affect the demand and supply on exchanges. If the price goes very high, then the rewards will be adjusted to much smaller values - ad so you'll be happy to get your 8.6% and not 5.1%+3*0.1% (exaggerating to give you an example). The algo tries essentialy to ensure low coin volatility by rewarding its holders with variable rates.
Feel free to read MinexBank: Smart Algorithms section of the WhitePaper for more details.

actually this was my dilema, so if i park my mnx NOW for 70% a year, even they change it to 30% i'm still getting 70% as parked right?

[Galabau24]

would someone explain me how bank rewards works cuz i seem like not getting it, here is why:
choosing the daily park rewards you with 7*0,21 a week and that's=1,47%. but if you choose weekly parking, they would reward you 4*5,1 a month=20,4%, while monthly parking only rewards you with 8,6%. in this case why would someone park them for 1 month straight? maybe i'm not getting it

The parking rates are adjusted by the MinexBank algorithm depending on the current MNX price. I will not keep the interest rate of 5.1% for the lifetime since its the most profitable rate right now - people will likely use it and not be selling their coins for one week and that will affect the demand and supply on exchanges. If the price goes very high, then the rewards will be adjusted to much smaller values - ad so you'll be happy to get your 8.6% and not 5.1%+3*0.1% (exaggerating to give you an example). The algo tries essentialy to ensure low coin volatility by rewarding its holders with variable rates.
Feel free to read MinexBank: Smart Algorithms section of the WhitePaper for more details.

actually this was my dilema, so if i park my mnx NOW for 70% a year, even they change it to 30% i'm still getting 70% as parked right?

jep

[template]

dump time is near fake pump can not resistance fast dump to -$15

[JimmyGTO]

$40.00 USD (35.17%)
0.00364521 BTC (30.14%)

WoW   going 60-80$ end of december , Jan over 100$


thx Minex-Team

But the targeted price is still 20$. They aim a constant growth for this coin, not a big pump. It's crazy, I think the guys who bought at 40$ or more risk to be disappointed. Let's hope I'm wrong..

You do realize there is nothing stopping MNX from going to $10,000 and a marketcap of 1 trillion is possible, they will adjust parking percentages of course.

[JimmyGTO]

dump time is near fake pump can not resistance fast dump to -$15

Yes you wish, this is not a pump, never was. Shut up and buy some now before it goes over $100 this month.

[JimmyGTO]

would someone explain me how bank rewards works cuz i seem like not getting it, here is why:
choosing the daily park rewards you with 7*0,21 a week and that's=1,47%. but if you choose weekly parking, they would reward you 4*5,1 a month=20,4%, while monthly parking only rewards you with 8,6%. in this case why would someone park them for 1 month straight? maybe i'm not getting it

Go for weekly parking you know its the sensible option.

[qazgroup]

How can you say that mnx will reach $100 this month?

[JimmyGTO]

would someone explain me how bank rewards works cuz i seem like not getting it, here is why:
choosing the daily park rewards you with 7*0,21 a week and that's=1,47%. but if you choose weekly parking, they would reward you 4*5,1 a month=20,4%, while monthly parking only rewards you with 8,6%. in this case why would someone park them for 1 month straight? maybe i'm not getting it

I really don't get why the daily rate is so low and the weekly rate is so high.

My thought process would be that doing it daily would net you the most interest, the drawback being you have to log on daily and re-park your funds.
Then 4 weeks should be worth more than 1 month and 12 months should be more than the 1 year %.
Thus rewarding anyone willing to repeatedly park their coin at a smaller intervals.

Daily isn't worth it at all, weekly is the money spot right now.

Just keep in mind they change, maybe they will get balanced out a bit.

Parking weekly is the way to go, do not understand why anybody is concerned about daily. There is a reason why daily is lower, your productivity level is low so why should you be rewarded more? park for weekly and lock in the 5.2%

[JimmyGTO]

How can you say that mnx will reach $100 this month?

You will see its possible and weep, I say that because you do not have any MNX.

[JimmyGTO]

$45.50 and climbing, I said it would reach $40 today but did not expect it to go this high.