Minexcoin - A new era of payments

[humanX]

I'm looking at the price chart and I'm happy about that, but how does minex bank stabilize price, if there is such a volatility on the market?

[Kirilgeorgiev]

I'm looking at the price chart and I'm happy about that, but how does minex bank stabilize price, if there is such a volatility on the market?

They can change the interest rate in minexbank and put buy/sell orders in the exchange. For instance if there is a sell pressure, they can
increase the interest rates so that they push people to hold their coins instead of selling it. If this is not sufficient they can put buy orders on the
exchange. However, all this is innovation in the cryptocurrency world so they will try to apply the same mechanisms as the conventional banks but they
need some testing period to adjust the algorithms. They need to see how the market reacts on these interest rate changes and market interventions so
that is why we can see volatility from time to time but it will decrease over the time to reach the values stated in the white paper.

[MineCoin.org]

They can change the interest rate in minexbank and put buy/sell orders in the exchange. For instance if there is a sell pressure, they can
increase the interest rates so that they push people to hold their coins instead of selling it. If this is not sufficient they can put buy orders on the
exchange. However, all this is innovation in the cryptocurrency world so they will try to apply the same mechanisms as the conventional banks but they
need some testing period to adjust the algorithms. They need to see how the market reacts on these interest rate changes and market interventions so
that is why we can see volatility from time to time but it will decrease over the time to reach the values stated in the white paper.

Thank you for your help to the community members
A little clarification: not "they" but the MinexBank algorithm changes interest rates according to the market situation.

[revenant2017]

Haven't been around here for in the weekend. Any good news about minexcoin? New exchange listings? ETC? The price is stable at $30 dollars.  Hope it reach $40 at the end of the year.

[Anon11073]

Ah, really stable price. CoinMarketCap 24 hour change is 0.00%.
I hope MNX will stay at this price for a while. I would like to purchase MNX of around $30.

[cabron]

Ah, really stable price. CoinMarketCap 24 hour change is 0.00%.
I hope MNX will stay at this price for a while. I would like to purchase MNX of around $30.

That is abit high actually, last few days it goes.down to $26 but quickly got up again that same day too. There must be people also want to have more of mnx to park his coins. It would be great to se peice drop belowa $25 again. Earning about 50 coins per month, is definitely worth but then I'd need more money to have that huge profit.

[MineCoin.org]

Minexcoin Info:
Hashrate: 39.41 MSol/s Difficulty: 2.163084338443

MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%

Price of MNX: $31.38

[Bossieman]

If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?! 

[TeMHuK]

If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!  

yes, you forgot to calculate 2 extra days in month, because 1 month it is 28 days(4*7) plus 2 days. Plus you forgot to calculate percents from  parking reward from each week.

[Bossieman]

If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!  

yes, you forgot to calculate 2 extra days in month, because 1 month it is 28 days(4*7) plus 2 days. Plus you forgot to calculate percents from  parking reward from each week.

My point is that it is no point parking for a year or a month, better to park short times and then re-park again. Just seems weird for me. Shouldn't it be the other way around?

[the_hodler]

If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!  

yes, you forgot to calculate 2 extra days in month, because 1 month it is 28 days(4*7) plus 2 days. Plus you forgot to calculate percents from  parking reward from each week.

My point is that it is no point parking for a year or a month, better to park short times and then re-park again. Just seems weird for me. Shouldn't it be the other way around?

Isn't there a fee for each parking period? If so, did you factor that in your calculations? You will need to deduct that 4 times from your total. If not, then forgive my ignorance. I have just parked once.

[revenant2017]

If I park weekly, it will generate 1.037 (3,7%) but a month only generates 1.14 (14%).
So if I have 100 coins I will have after 4 weeks 100*(1,037)⁴=115,6 (+15,6%) if I repark each week.
Am I missing something here?!  

yes, you forgot to calculate 2 extra days in month, because 1 month it is 28 days(4*7) plus 2 days. Plus you forgot to calculate percents from  parking reward from each week.

My point is that it is no point parking for a year or a month, better to park short times and then re-park again. Just seems weird for me. Shouldn't it be the other way around?

Wrong. This isn't about the longest, the most rewarding. This is about market situation and your own parking strategy. Everytime Minexbank rate changes, he wants you to choose from 4 different tables. Of course, one of those parking tables is more profitable than the other. Example, Weekly is more profitable than yearly, daily, and monthly. Therefore, minexbank wants you to park it for a week or even every week.

[BitBitCoin]

HI
In my wallet I have 20 MNX, but in minexbank I have only 10.65540908 MNX available for parking, why?
I want to park all my 20 MNX!.

This is my address: XNmQnZz4Uehe4HZjsrmFWYew4mG46UaBRM

[jenlex13]

HI
In my wallet I have 20 MNX, but in minexbank I have only 10.65540908 MNX available for parking, why?
I want to park all my 20 MNX!.

This is my address: XNmQnZz4Uehe4HZjsrmFWYew4mG46UaBRM

Read this
https://minexcointalk.com/viewtopic.php?f=16&t=4294

[TeMHuK]

HI
In my wallet I have 20 MNX, but in minexbank I have only 10.65540908 MNX available for parking, why?
I want to park all my 20 MNX!.

This is my address: XNmQnZz4Uehe4HZjsrmFWYew4mG46UaBRM

It is because your coins is in the wallet, but at another adress. You must transfer them to adress registred in bank. Here is how to do that. open  wallet--settings--options--wallet--enable coin control. Then go to send and there you will see Inputs button press it and choose another adress and send that coins to registred adress.If that not helps please text to support@minexsystems.com

[MineCoin.org]

HI
In my wallet I have 20 MNX, but in minexbank I have only 10.65540908 MNX available for parking, why?
I want to park all my 20 MNX!.

This is my address: XNmQnZz4Uehe4HZjsrmFWYew4mG46UaBRM

Hello, BitBitCoin

I see you did a transactions and every times you did not specify the adds to receive the change, because the adds were generated automatically.
You need to follow the instructions in the message above.
Also, here you can see all your transactions, check please:
https://minexexplorer.com/?r=explorer/address&hash=XNmQnZz4Uehe4HZjsrmFWYew4mG46UaBRM

[MineCoin.org]

Minexcoin Info:
Hashrate: 48.63 MSol/s Difficulty: 2.163084338443

MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%

Price of MNX: $30,17

[jenlex13]

Minexcoin Info:
Hashrate: 48.63 MSol/s Difficulty: 2.163084338443

MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%

Price of MNX: $30,17

Why don't you advertise more minexcoin?
It is really confusing me how electroneum got so much volume and users when they have a really broken platform unlike minexcoin
Which has fully working platform and have the best they can offer for holders, that is PARKING.

[rube08]

Minexcoin Info:
Hashrate: 48.63 MSol/s Difficulty: 2.163084338443

MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%

Price of MNX: $30,17

Why don't you advertise more minexcoin?
It is really confusing me how electroneum got so much volume and users when they have a really broken platform unlike minexcoin
Which has fully working platform and have the best they can offer for holders, that is PARKING.

I am seeing a lot of ALT coins gain more ground that don't deserve to gain ground at all.  I think part of the problem for MNX coin is that many people don't know what Minexcoin is.  This is a rare gem in the cyrptocurrency world and it needs a lot more exposure.  To gain interest daily, weekly, monthly and use that as disposable income. I know a lot of people would flock to this coin if they knew about the potential of the project.

[ChinkyEyes]

Minexcoin Info:
Hashrate: 48.63 MSol/s Difficulty: 2.163084338443

MinexBank Rates:
Daily: 0.43% Weekly: 3.7% Monthly: 14.2% Yearly: 70%

Price of MNX: $30,17

Why don't you advertise more minexcoin?
It is really confusing me how electroneum got so much volume and users when they have a really broken platform unlike minexcoin
Which has fully working platform and have the best they can offer for holders, that is PARKING.

It will come don't worry. Let them focus on exchanges first, before starting with advertising.
We as ICO holders of Minex can't complain with the price, electroneum however has barely increased since release.
In the meantime accumulate cheap Minex, hold, park and repeat.