Minexcoin - A new era of payments

[MineCoin.org]

Isn't minex wallet for IOS and Minex bank supposed to be ready?

Road map says Q1 , we are already into Q2

Hello, You can download MinexBank for IOS https://itunes.apple.com/us/app/minexbank/id1337630172?ls=1&mt=8.

[naska21]

NEWS:
MNX Monetary Policy Changes

Dear community,
Don't miss important announcement from Boris Shulyaev, CEO of MinexSystems on the latest MNX monetary policy changes. Find out more about how MinexBank starts the process of adjusting interest rate policy and what are the further steps.

https://medium.com/minecoin-blog/mnx-market-behaviour-update-6a1e32014233

Well, finally we will end with a pipeline of economically viable interest rates for MNX parking. They are expected to precede in the development of mechanisms of market mitigation including listing on new exchanges. From the investors' perspective this is seen as uncontroversial move to sustainable development of Minexcoin environment, IMHO

[bandar]

I wonder which effect this (statement that there will be a drop to 5,85% monthly for example in 16 days) will have on prices.  This could get interesting.  I'm guessing on an increase to that date and then a dump, when the interest-party is over.  It could be altered drastically if by then MNX would hit a major exhange.  I'm parking week-week-month now until then. I guess that's the most profitable parking option. After that: I don't know, parking for a year takes the trading fun away so that won't be an option to me:)

[naska21]

I wonder which effect this (statement that there will be a drop to 5,85% monthly for example in 16 days) will have on prices.  This could get interesting.  I'm guessing on an increase to that date and then a dump, when the interest-party is over.  It could be altered drastically if by then MNX would hit a major exhange.  I'm parking week-week-month now until then. I guess that's the most profitable parking option. After that: I don't know, parking for a year takes the trading fun away so that won't be an option to me:)

If you are a long-term investor taking delight in   passive income then the price is not an issue. The issue is quantity of coins put into  parking adventure. Thefore,  wise investor will buy at the dump party. As to the  most profitable parking option I think it should be weekly - monthly combinations, we'll see.

[revenant2017]

Recent monetary policy will see who will go in for long term rather than short term profit. Faith of minexcoin will be determined who will leave and who will join. 5% still big for me if i compound it for a year.

[Nashfire]

This will be under $10 by May with new parking rates. Book it.

[cocopuffs99]

the parking rates will applay per May 1,
Daily 0.19%
Weekly 1.34%
Monthly 5.83%
Quarterly 17.5%
Half yearly 35%
Annual 70%

I think the minexcoin team needs to enter MNX into a bigger market like bittrex or something else, this will be good for minexcoin

The new rates will apply on May 1st or 16 days from today (April 24th)?

[jhenfelipe]

the parking rates will applay per May 1,
Daily 0.19%
Weekly 1.34%
Monthly 5.83%
Quarterly 17.5%
Half yearly 35%
Annual 70%

I think the minexcoin team needs to enter MNX into a bigger market like bittrex or something else, this will be good for minexcoin

Correct me if I'm wrong, but as far as I understand the parking rates will be reduced 16 days after today (April 24 , date of the publication of the blog). So, it was supposed to be on May 10 and not May 1 as antislip stated? Just to avoid confusion.

[Viktori983]

I think you should tell MNX team that the price on livecoin MNX/BTC is driven from like 28.November 2017 by one robot. Most of volume is doing the one robot and like 100% price movement is by the robot, not by MNX team or by MNX holders. So the team should have in head that this robot probably absolutely do not care about minexbank.com or MNX whitepaper.

The pump from start of MNX from like 0.0015 (the like 28.November 2017 when the robot was turned in this pair) to 0.0060 and then dump and then till now. Is like same as ONT/BTC on livecoin, the robot using same algorithm. The pump to 0.0060 have nothing to do with anyone from the like 25 MNX team, its pure someone code which did it.

Get in head that 80% every day volume is not classic MNX holder.

If the robot did not start in MNX/BTC on livecoin on the like 28.November 2017 the price should be now like 0.0060 and constantly growing like it was in first days, but he robot ruined (spoiling) it and ruining it till now.

Also on trade mnx/usd every 30 seconds (always same amount 0.499999mnx), BOT lowers the price to have the lowest selling price for the MNX. At the monthly level it is -0,8$.

[bandar]

This will be under $10 by May with new parking rates. Book it.

This will be under $10 by tomorrow as it seems...

[Galabau24]

everyone has good chances to buy now, the interest rate had to go back which was too high, it's really a long investment

[revenant2017]

If you are to understand the new announcement, it was due to people that preventing the price from going up further to the target. Most of them are not compounding but rather dumping it to the market. Reducing the amount of their earning will have a significant impact in the market and also make the minexbank reserves last longer. The only disadvantage that i can think of is, some people are going to pull out their money from MNX as quick as they can if they find 5% not profitable.

In the long term, it will slow down the amount of people using the minexbank unless Minexcoin find another way of marketing their product. What i mean is "Exchange". I'm sure most of the members here came from livecoin and not originally from the ICO and Bounty. There are only few people left that has invested in the ICO like me that are still in for long-term development of Minexcoin.

On the positive side, we just have to wait for the time when Minexcoin have all the instruments(Minexexchange,Minexmarket,Minexplatform). There are many additions with the new roadmap. Forgot all of them but you can google.
As of now, 5.83% for me is enough to compound as i have other sources of income. Minexcoin is just my alternative way of expanding my Riches. More like a Time-Deposit account on a bank.

[MineCoin.org]

Dear Community,
MinexBank interest rates have been changed

[Galabau24]

If you are to understand the new announcement, it was due to people that preventing the price from going up further to the target. Most of them are not compounding but rather dumping it to the market. Reducing the amount of their earning will have a significant impact in the market and also make the minexbank reserves last longer. The only disadvantage that i can think of is, some people are going to pull out their money from MNX as quick as they can if they find 5% not profitable.

In the long term, it will slow down the amount of people using the minexbank unless Minexcoin find another way of marketing their product. What i mean is "Exchange". I'm sure most of the members here came from livecoin and not originally from the ICO and Bounty. There are only few people left that has invested in the ICO like me that are still in for long-term development of Minexcoin.

On the positive side, we just have to wait for the time when Minexcoin have all the instruments(Minexexchange,Minexmarket,Minexplatform). There are many additions with the new roadmap. Forgot all of them but you can google.
As of now, 5.83% for me is enough to compound as i have other sources of income. Minexcoin is just my alternative way of expanding my Riches. More like a Time-Deposit account on a bank.

very good answer.....top...For me, it is now more interesting to park longer term and not necessarily monthly that are still huge interest

[revenant2017]

Going through math, with the current data that we have.
Parked Coins : 1 030 620
1 Month Parking % = 14.55

Parked Coins after 1 month = 1,180,575
Total Parking rewards : 149,955


Parked Coins next month  1,180,575
1 Month Parking % = 5.83

Parked Coins after 1 month = 1,249,402
Total Parking rewards : 68,827

Minexbank MNX replenish/month = 7,200

Still not enough to cover, but if there would be any form of dump and intervention's applied, that will balance everything. Or rather other way of spending MNX and puting it back to reserve like Minexmarket,Minexplatform or Minexexchange.

Minexbank still have a balance of 1.1m MNX. If the new announcement is followed and no development or intervention has been made, Minexbank reserve will only last for a year.

[nemid]

Dear Community,
MinexBank interest rates have been changed

https://cdn1.savepice.ru/uploads/2018/4/25/de1d4814d75e840b48f3b59fa7f0c61b-full.png

Sorry, but this doesn't make any sense.

I understand the rates were too high and someday they would need to be fixed, but couldn't you just lower them softly each week? And explain that in a way that wouldn't make the majority of the community sell everything in a rush?

And your transaction speed is awful, I'm trying to send my MNX to an exchange, and after 90 minutes I'm still waiting, and continue to see the prices dropping. Really good stuff...

[revenant2017]

Dear Community,
MinexBank interest rates have been changed

Sorry, but this doesn't make any sense.

I understand the rates were too high and someday they would need to be fixed, but couldn't you just lower them softly each week? And explain that in a way that wouldn't make the majority of the community sell everything in a rush?

And your transaction speed is awful, I'm trying to send my MNX to an exchange, and after 90 minutes I'm still waiting, and continue to see the prices dropping. Really good stuff...

Please refer to my message
https://bitcointalk.org/index.php?topic=1847292.msg35512055#msg35512055
and
https://bitcointalk.org/index.php?topic=1847292.msg35513797#msg35513797

And your transaction speed is awful

It is because of the miners plugging out to mine minexcoin. Difficulty will be adjusted in 31.7 hours.

[bet1102]

What happen with minexcoin???
MinexCoin (MNX) $13,83 USD

[cocopuffs99]

What happen with minexcoin???
MinexCoin (MNX) $13,83 USD

So much for low volatility. 

[wwzsocki]

What happen with minexcoin???
MinexCoin (MNX) $13,83 USD

So much for low volatility.  

In Telegram, people say that somebody dumped 12.000 coins in one hour that this why price tanked so much 33%. This's a nightmare if only one person is able to manipulate price like this. If I have to say something positive than I would say that there is big chance that price will reverse soon because market are in green zone from some time. Today is the worst day in Minex price history.