Minexcoin - A new era of payments

[julerz12]

Hello MinexCoin Community!

We began application process for listing to exchanges today!

See details at https://blog.minecoin.org/minexcoin-exchanges-5a19572ca7f2

Seem like good news, look they've given the list of exchanges where for the first time coin MNX will be traded.
The first stage:

Livecoin (https://livecoin.net)
Cryptopia (https://cryptopia.co.nz)
Novaexchange (https://novaexchange.com)
Coinexchange (https://coinexchange.io)
No why    everything will run gradually
but still looking forward to bigger markets like Bittrex

Good luck Dev

Such a great news. It's way better than having nothing at all. At least Coin Exchange and Cryptopia is on the list.
I do hope bigger markets will list MNX soon too. Fingers cross
For now, I'll continue to park my coins. Such a great feature having this parking mechanism.

Keep it up Devs.

[1715028009]

1715028009

[1715028009]

1715028009

[1715028009]

1715028009

[1715028009]

1715028009

[poer]

hope not delay anymore

[Hippocrypto]

lets see sooner how will the the market reacts for this project from the mixed emotions of the investors and bounty hunters. I will rather wait for the very good price of minexcoin than dumping it in the very first day. Long term holders always win in this kind of game!. 

[Pump N Dead]

lets see sooner how will the the market reacts for this project from the mixed emotions of the investors and bounty hunters. I will rather wait for the very good price of minexcoin than dumping it in the very first day. Long term holders always win in this kind of game!. 

I cant wait for the exchanges and will try to buy from the dump of angry bounty hunters.  I believe in the project and the capability of the team. We will know it in the future.

[rafzalan]

thank you for so rich text. but Minex bank will not do Interventions for buying or selling coins to keep price on same level. May be there is that mehanism, but it is not for daily use.  parking % will be adjusted like: as price go lower, so the % going higer, and same to oposite way. But price will go up from ICO for 33% yearly. That mean if ICO price now is 0.0023 and parking % is 0.08% per day in one year price must be 0.003059 to keep same 0.08% per day. May be it looks not so much but do not forgot about BTC price rising. Example you invested today 1 BTC(4000$) to mnx for ICO price and You did profitable parking at the moment for one year(70%). So you parked 434.78 MNX, ater one year you will get 739.13MNX on your balance and each coin will be worth 0.003059BTC and it is 2.261BTC(9044$) at todays price. But nobody can know BTC price afer one year.

Very good discussion, i wish that it continues.
Refer to WP, this coin should be stable in term of dollar not BTC.
MNX is going to address the problem of speculation and uncertainty of cryptocurrencies using a central bank idea.
You can see the whole crypto market are tightly bind to btc price, so in many cases,  when it goes up bank should decrease intrest and sell mnx in market and vice versa...

[pinkman12345]

Any updates on exchanges? I read on blog that they have mentioned the priorities only. I dont want this project to delay more so the team please push it on exchange and there we will see the real potential.
At this point speculation has no meaning.

[blockchainmarketus]

hope not delay anymore

The coin is going to be listed in exchanger, everyone is waiting. That's the way I think to a coin to be live. If the coin not listed in the exchanger will loose the value and finally there will be no miners interested to mine the coin. Hope the dev soon realize to list in exchangers, I agree hope there will be no delay.

[3x2]

The thing is that people have too many expectations from this coin and the delay and prolonged nay sayers have made the coin more hyped, If the MNX fails to keep the price stable on exchange then i fear it will hit just like OAX half below the ICO price or even worse.

[sonulrk]

thank you for so rich text. but Minex bank will not do Interventions for buying or selling coins to keep price on same level. May be there is that mehanism, but it is not for daily use.  parking % will be adjusted like: as price go lower, so the % going higer, and same to oposite way. But price will go up from ICO for 33% yearly. That mean if ICO price now is 0.0023 and parking % is 0.08% per day in one year price must be 0.003059 to keep same 0.08% per day. May be it looks not so much but do not forgot about BTC price rising. Example you invested today 1 BTC(4000$) to mnx for ICO price and You did profitable parking at the moment for one year(70%). So you parked 434.78 MNX, ater one year you will get 739.13MNX on your balance and each coin will be worth 0.003059BTC and it is 2.261BTC(9044$) at todays price. But nobody can know BTC price afer one year.

Very good discussion, i wish that it continues.
Refer to WP, this coin should be stable in term of dollar not BTC.
MNX is going to address the problem of speculation and uncertainty of cryptocurrencies using a central bank idea.
You can see the whole crypto market are tightly bind to btc price, so in many cases,  when it goes up bank should decrease intrest and sell mnx in market and vice versa...

There are 2 problems in the above analysis.

First, how much btc team have for MinexBank? Are btc under the control of MinexBank software or is it require human intervention? If yes how?

Second, MinexBank controls volatility for very short term i.e. for 1 day. But if volatility is for several days in one direction (up and down) then MinexBank should ALSO have a big amount of btc because it already have a fair amount of mnx to cover up the excess in both direction. If price of 1 mnx is 0.0023 btc, then due to dumping for a week it may down to 0.0016. And for price below that everyday MinexBank has to buy mnx against btc.

This is only for 1 exchange. For more exchanges, Minexbank should have account in all exchange to control the volatility.

In my opinion, MinexBank do not have btc under its control and would not buy-sell mnx against btc. Its only purpose is to control parking interest. For more buyers it will decrease interest rates and for more seller it will increase interest rates. That's all.

[FruitsBasket]

thank you for so rich text. but Minex bank will not do Interventions for buying or selling coins to keep price on same level. May be there is that mehanism, but it is not for daily use.  parking % will be adjusted like: as price go lower, so the % going higer, and same to oposite way. But price will go up from ICO for 33% yearly. That mean if ICO price now is 0.0023 and parking % is 0.08% per day in one year price must be 0.003059 to keep same 0.08% per day. May be it looks not so much but do not forgot about BTC price rising. Example you invested today 1 BTC(4000$) to mnx for ICO price and You did profitable parking at the moment for one year(70%). So you parked 434.78 MNX, ater one year you will get 739.13MNX on your balance and each coin will be worth 0.003059BTC and it is 2.261BTC(9044$) at todays price. But nobody can know BTC price afer one year.

Very good discussion, i wish that it continues.
Refer to WP, this coin should be stable in term of dollar not BTC.
MNX is going to address the problem of speculation and uncertainty of cryptocurrencies using a central bank idea.
You can see the whole crypto market are tightly bind to btc price, so in many cases,  when it goes up bank should decrease intrest and sell mnx in market and vice versa...

There are 2 problems in the above analysis.

First, how much btc team have for MinexBank? Are btc under the control of MinexBank software or is it require human intervention? If yes how?

Second, MinexBank controls volatility for very short term i.e. for 1 day. But if volatility is for several days in one direction (up and down) then MinexBank should ALSO have a big amount of btc because it already have a fair amount of mnx to cover up the excess in both direction. If price of 1 mnx is 0.0023 btc, then due to dumping for a week it may down to 0.0016. And for price below that everyday MinexBank has to buy mnx against btc.

This is only for 1 exchange. For more exchanges, Minexbank should have account in all exchange to control the volatility.

In my opinion, MinexBank do not have btc under its control and would not buy-sell mnx against btc. Its only purpose is to control parking interest. For more buyers it will decrease interest rates and for more seller it will increase interest rates. That's all.

I think you did not understand the concept of the Minexbank and the whole idea behind the platform. The idea is to create a stable coin, with a price that stays within a certain borders. If the price gets dumped, the staking rewards will go up, this will cause more demand for the coin and the price to get back up. If the price is pumped to much, the staking reward gets decreased and therefor the demand will descend and the price will decrease. So the main goal of this project is to stabilize a coin with more or less a fixed price which is low volatile.

[rafzalan]

thank you for so rich text. but Minex bank will not do Interventions for buying or selling coins to keep price on same level. May be there is that mehanism, but it is not for daily use.  parking % will be adjusted like: as price go lower, so the % going higer, and same to oposite way. But price will go up from ICO for 33% yearly. That mean if ICO price now is 0.0023 and parking % is 0.08% per day in one year price must be 0.003059 to keep same 0.08% per day. May be it looks not so much but do not forgot about BTC price rising. Example you invested today 1 BTC(4000$) to mnx for ICO price and You did profitable parking at the moment for one year(70%). So you parked 434.78 MNX, ater one year you will get 739.13MNX on your balance and each coin will be worth 0.003059BTC and it is 2.261BTC(9044$) at todays price. But nobody can know BTC price afer one year.

Very good discussion, i wish that it continues.
Refer to WP, this coin should be stable in term of dollar not BTC.
MNX is going to address the problem of speculation and uncertainty of cryptocurrencies using a central bank idea.
You can see the whole crypto market are tightly bind to btc price, so in many cases,  when it goes up bank should decrease intrest and sell mnx in market and vice versa...

There are 2 problems in the above analysis.

First, how much btc team have for MinexBank? Are btc under the control of MinexBank software or is it require human intervention? If yes how?

Second, MinexBank controls volatility for very short term i.e. for 1 day. But if volatility is for several days in one direction (up and down) then MinexBank should ALSO have a big amount of btc because it already have a fair amount of mnx to cover up the excess in both direction. If price of 1 mnx is 0.0023 btc, then due to dumping for a week it may down to 0.0016. And for price below that everyday MinexBank has to buy mnx against btc.

This is only for 1 exchange. For more exchanges, Minexbank should have account in all exchange to control the volatility.

In my opinion, MinexBank do not have btc under its control and would not buy-sell mnx against btc. Its only purpose is to control parking interest. For more buyers it will decrease interest rates and for more seller it will increase interest rates. That's all.

OK, in their proposal they declare a main exchange vs other exchanges, normally it should be enough for bank to be on main exchange, the others will balance by market, and the price could speculate +-5% each day that for most cases is enough after that they have interest rate as an indirect  interposition to control price and in much less cases they should directly interposition market.
sure like all central banks they need good resources (USD+BTC+ETH), if they don't use the resources or they don't have enough, simply the coin fails and become a shit useless code in our wallet.
one issue is that MNXBank do not offer an API for parking functionality, so it cant affect market price quickly.

[easyrimka]

let them choose, we are aware of difficulties, but dont bother them with trivial issue ..

[MineCoin.org]

Any updates on exchanges? I read on blog that they have mentioned the priorities only. I dont want this project to delay more so the team please push it on exchange and there we will see the real potential.
At this point speculation has no meaning.

Hello!

We have started a process on applying to the exchange listing.
For more info: https://blog.minecoin.org/minexcoin-exchanges-5a19572ca7f2

[3x2]

Hello!

We have started a process on applying to the exchange listing.
For more info: https://blog.minecoin.org/minexcoin-exchanges-5a19572ca7f2

Can you give us a tentative date when we can see the coins over the exchanges, dont say like 2-3 weeks i know you guys are best to postpone stuffs. Hope you dont ditch investors this time. i have parked my coins for seven days today hope till i get them back the MNX is on exchange.
Moreover will the price of MNX will be still 0.0023BTC on exchanges??

[MineCoin.org]

lets see sooner how will the the market reacts for this project from the mixed emotions of the investors and bounty hunters. I will rather wait for the very good price of minexcoin than dumping it in the very first day. Long term holders always win in this kind of game!. 

Hello!

Good kind of thoughts

The best variant is to wait and see results.

[ifeoluwa]

lets see sooner how will the the market reacts for this project from the mixed emotions of the investors and bounty hunters. I will rather wait for the very good price of minexcoin than dumping it in the very first day. Long term holders always win in this kind of game!. 

Hello!

Good kind of thoughts

The best variant is to wait and see results.

Always good to watch and wait

[sonulrk]

thank you for so rich text. but Minex bank will not do Interventions for buying or selling coins to keep price on same level. May be there is that mehanism, but it is not for daily use.  parking % will be adjusted like: as price go lower, so the % going higer, and same to oposite way. But price will go up from ICO for 33% yearly. That mean if ICO price now is 0.0023 and parking % is 0.08% per day in one year price must be 0.003059 to keep same 0.08% per day. May be it looks not so much but do not forgot about BTC price rising. Example you invested today 1 BTC(4000$) to mnx for ICO price and You did profitable parking at the moment for one year(70%). So you parked 434.78 MNX, ater one year you will get 739.13MNX on your balance and each coin will be worth 0.003059BTC and it is 2.261BTC(9044$) at todays price. But nobody can know BTC price afer one year.

Very good discussion, i wish that it continues.
Refer to WP, this coin should be stable in term of dollar not BTC.
MNX is going to address the problem of speculation and uncertainty of cryptocurrencies using a central bank idea.
You can see the whole crypto market are tightly bind to btc price, so in many cases,  when it goes up bank should decrease intrest and sell mnx in market and vice versa...

There are 2 problems in the above analysis.

First, how much btc team have for MinexBank? Are btc under the control of MinexBank software or is it require human intervention? If yes how?

Second, MinexBank controls volatility for very short term i.e. for 1 day. But if volatility is for several days in one direction (up and down) then MinexBank should ALSO have a big amount of btc because it already have a fair amount of mnx to cover up the excess in both direction. If price of 1 mnx is 0.0023 btc, then due to dumping for a week it may down to 0.0016. And for price below that everyday MinexBank has to buy mnx against btc.

This is only for 1 exchange. For more exchanges, Minexbank should have account in all exchange to control the volatility.

In my opinion, MinexBank do not have btc under its control and would not buy-sell mnx against btc. Its only purpose is to control parking interest. For more buyers it will decrease interest rates and for more seller it will increase interest rates. That's all.

I think you did not understand the concept of the Minexbank and the whole idea behind the platform. The idea is to create a stable coin, with a price that stays within a certain borders. If the price gets dumped, the staking rewards will go up, this will cause more demand for the coin and the price to get back up. If the price is pumped to much, the staking reward gets decreased and therefor the demand will descend and the price will decrease. So the main goal of this project is to stabilize a coin with more or less a fixed price which is low volatile.

Had you read all the above quotes before posting? I assume you did not. Else you will not repeat the same thing which I conclude.

[sonulrk]

thank you for so rich text. but Minex bank will not do Interventions for buying or selling coins to keep price on same level. May be there is that mehanism, but it is not for daily use.  parking % will be adjusted like: as price go lower, so the % going higer, and same to oposite way. But price will go up from ICO for 33% yearly. That mean if ICO price now is 0.0023 and parking % is 0.08% per day in one year price must be 0.003059 to keep same 0.08% per day. May be it looks not so much but do not forgot about BTC price rising. Example you invested today 1 BTC(4000$) to mnx for ICO price and You did profitable parking at the moment for one year(70%). So you parked 434.78 MNX, ater one year you will get 739.13MNX on your balance and each coin will be worth 0.003059BTC and it is 2.261BTC(9044$) at todays price. But nobody can know BTC price afer one year.

Very good discussion, i wish that it continues.
Refer to WP, this coin should be stable in term of dollar not BTC.
MNX is going to address the problem of speculation and uncertainty of cryptocurrencies using a central bank idea.
You can see the whole crypto market are tightly bind to btc price, so in many cases,  when it goes up bank should decrease intrest and sell mnx in market and vice versa...

There are 2 problems in the above analysis.

First, how much btc team have for MinexBank? Are btc under the control of MinexBank software or is it require human intervention? If yes how?

Second, MinexBank controls volatility for very short term i.e. for 1 day. But if volatility is for several days in one direction (up and down) then MinexBank should ALSO have a big amount of btc because it already have a fair amount of mnx to cover up the excess in both direction. If price of 1 mnx is 0.0023 btc, then due to dumping for a week it may down to 0.0016. And for price below that everyday MinexBank has to buy mnx against btc.

This is only for 1 exchange. For more exchanges, Minexbank should have account in all exchange to control the volatility.

In my opinion, MinexBank do not have btc under its control and would not buy-sell mnx against btc. Its only purpose is to control parking interest. For more buyers it will decrease interest rates and for more seller it will increase interest rates. That's all.

OK, in their proposal they declare a main exchange vs other exchanges, normally it should be enough for bank to be on main exchange, the others will balance by market, and the price could speculate +-5% each day that for most cases is enough after that they have interest rate as an indirect  interposition to control price and in much less cases they should directly interposition market.
sure like all central banks they need good resources (USD+BTC+ETH), if they don't use the resources or they don't have enough, simply the coin fails and become a shit useless code in our wallet.
one issue is that MNXBank do not offer an API for parking functionality, so it cant affect market price quickly.

Agreed! In the official exchange e.g. MinexExchange they would have required currency to control the volatility but in 3rd party exchange it just don't have any control over mid-term volatility.

[rafzalan]

At this moment bank strategy to price manipulation is unclear, we have WP that shows a general approach lacking the necessary details, I think we need an announcement about this.    

[aziernest]

Selling 1000 minex half the ico price, arround 4.5$...
I already had succesful transactions and members here can verify.
Get your minex before the coin is listed