When demand is on the rise, interest rates decrease and investors are incentivized to sell. Additionally, MinexBank uses its own reserve to conduct interventions - selling or buying MNC to alleviate market’s pressure.
If the market is a set of independent exchanges, how will the supply and demand monitoring in the market, which is an external system for MinexCoin and MinexBank, be carried out?
You are absolutely right. The main factor shaping the price of any, including a digital asset, is the balance of supply and demand in the market. The work of the algorithm will be aimed at influencing this balance. If this balance is changed towards demand, and hence the growth of the exchange rate, Minexbank will reduce the interest rate on parking operations thus stimulating the holders of the coin to enter the market on the one hand, and reducing the demand for coins on the part of those who expect to buy it with a view to Receive a high income for operations "parking".
If this balance is changed toward supply, and hence the depreciation, Minexbank will increase the interest rate for parking operations thus stimulating demand, and reducing the supply.
We did not invent such scenarios. They are used every day for many decades by the Central Banks of all countries of the world, to regulate the exchange rate of the National currencies.
Of course, Minexbank will not react to changes in the market "post factum." The predictors are included in the calculation algorithm, the change in the indicators of which makes it possible to calculate market behavior both in the short and long term.
Some of them:
Volume of issue
Absolute and relative volume of coins in "glasses"
Absolute and relative volume of "parked" coins
The rate of change in the price of a coin.
The volume of reserves of Minexbank.
And many others. These predictors are objective.
