Minexcoin - A new era of payments

[Racquemis1]

I would be interested in knowing how many cards have been applied for.

I was #146 last Friday..any higher number??

The number doesn't say much. At least I have not figured out how it works. Doesn't look sequential
I wrote to script to look through the blockchain searching for transaction matching Card payment amounts
As of moment of writing total of AT LEAST 253 cards have been paid for. Alot more are still in preorder with many people waiting for parkings to finish and more info.

This is the overview my script came up with

Gold Cards: 95
Standard Cards: 93
Platinum Cards: 58
Infinity Cards: 7
Total: 253

253 cards are not too much. Is there any information about how many holders hold MinexCoin? And how many miners mine MinexCoin. Maybe this will show the potentional of this coin.

My order number was 579 , so that has to be at least 579 orders on the 29th.

Yes pre-orders but most of them judt signed up and have not paid for a card yet.

[MineCoin.org]

will they just open a bank account in you name and then you will get a card?

whats the point?
i can sell my BTC to ETH and transfer the money to my bank account and use the money with my credit card.

With our card this will be much more faster.

[notblox1]

will they just open a bank account in you name and then you will get a card?

whats the point?
i can sell my BTC to ETH and transfer the money to my bank account and use the money with my credit card.

With our card this will be much more faster.

How much faster ?

And how much secure ,that is imortanat question ?

[vlom]

will they just open a bank account in you name and then you will get a card?

whats the point?
i can sell my BTC to ETH and transfer the money to my bank account and use the money with my credit card.

With our card this will be much more faster.

just because i would not have to wait until the SEPA transfer is done?

but please answer this question too.

will they just open a bank account in you name and then you will get a card?

[MineCoin.org]

will they just open a bank account in you name and then you will get a card?

whats the point?
i can sell my BTC to ETH and transfer the money to my bank account and use the money with my credit card.

With our card this will be much more faster.

just because i would not have to wait until the SEPA transfer is done?

but please answer this question too.

will they just open a bank account in you name and then you will get a card?

Just because you won't need to do it manually with the help of third-party services.
Yes, but first you need to pass verification process ( it will begin in second part of July ).

[Xandan]

Actually it one of the hot topic when it comes to talk about debit cards/prepaid cards linked with cryptocurrencies. I have read discussions and questions raised by people but will prefer to wait and see what is being revealed over the next weeks. If you really solve the issue of cards this thing alone can take this project to sky without doing anything else.

[Convery]

Actually it one of the hot topic when it comes to talk about debit cards/prepaid cards linked with cryptocurrencies. I have read discussions and questions raised by people but will prefer to wait and see what is being revealed over the next weeks. If you really solve the issue of cards this thing alone can take this project to sky without doing anything else.

I think so, there are not many coins which offer debit cards, I know about Pundi And TenX and look at their market cap - yeah this is the potentional market cap of MinexCoin.

[bozicso]

will they just open a bank account in you name and then you will get a card?

whats the point?
i can sell my BTC to ETH and transfer the money to my bank account and use the money with my credit card.

With our card this will be much more faster.

just because i would not have to wait until the SEPA transfer is done?

but please answer this question too.

will they just open a bank account in you name and then you will get a card?

Just because you won't need to do it manually with the help of third-party services.
Yes, but first you need to pass verification process ( it will begin in second part of July ).

how does anyone can open a bill in my name without my signature and consent? Are you aware that this information does not appear on your site? do you know that people from over 50 countries in the world can not open accounts out of their country? This is ilegal for a lot people 

[MineCoin.org]

how does anyone can open a bill in my name without my signature and consent? Are you aware that this information does not appear on your site? do you know that people from over 50 countries in the world can not open accounts out of their country? This is ilegal for a lot people  

Maybe I'm mistaken, but hadn't heard about any country where people are forbidden to have a visa card. All required documents will be requested when verification progress will start.

[bozicso]

VISA work in all country,  but a lot country not allow their people to open account outside domicil country.  If I understude you plan to open account lets say in Ukraina for man from Nigeria with their personal document,  but Nigeria law say their people can own just account in Nigeria.  Its not important where you open account,  they cant own account outside Nigeria.  Nigeria is just example,  there is more country...use Google to check

[sulfurtank]

253 cards are not too much. Is there any information about how many holders hold MinexCoin? And how many miners mine MinexCoin. Maybe this will show the potentional of this coin.

There are no such information...but you can open this potential if you are observing the project.

Theres information how to get ditched and walk with head bent towards ground till the end of ur living era. Miners or not, thats not matter of any relevance. Thing that occupies my mind is who dictates the price of this shit, who is down-headed and snapped enough to buy up all that load coming over to the exchanges.

[SixFigures]

VISA work in all country,  but a lot country not allow their people to open account outside domicil country.  If I understude you plan to open account lets say in Ukraina for man from Nigeria with their personal document,  but Nigeria law say their people can own just account in Nigeria.  Its not important where you open account,  they cant own account outside Nigeria.  Nigeria is just example,  there is more country...use Google to check

If it is seriously blockchain based it shouldn't matter. If it's a dirty centralized service making use of blockchain, these things will fail anyway.

[hendMohammed]

I would ask about the security?

[MineCoin.org]

I would ask about the security?

What security are you asking about? If you are talking about MinexPay, it secured with SSL.

[revenant2017]

VISA work in all country,  but a lot country not allow their people to open account outside domicil country.  If I understude you plan to open account lets say in Ukraina for man from Nigeria with their personal document,  but Nigeria law say their people can own just account in Nigeria.  Its not important where you open account,  they cant own account outside Nigeria.  Nigeria is just example,  there is more country...use Google to check

If it is seriously blockchain based it shouldn't matter. If it's a dirty centralized service making use of blockchain, these things will fail anyway.

The fact is, VISA is centralized. Fiat system is centralized. There's always a central bank governing fiat. And we can't just tell them to be decentralized. Only the application matters and how this two systems interact. We pay in Crypto, there's always a process of exchange happening. If merchant accepts crypto, then there should be no problem. If one accepts fiat then there should be no problem too as long as the process went well. Law of Equivalent exchange is what matters.

[MineCoin.org]

Sure! But at least they're "official", and "somewhere" regulated.

What's about an (hypothetical) crypto which promotes only 2 pools, one being his own pool processing 80/90% of the market?

What's about (hypothetical) "private investors" (whales) that rule the market, the forums and communication means just saying "Any question is necessarily FUD, the project is good!"?

What's about an (hypothetical) "official" representative who barely speaks English and whose replies mainly consists of:
- "If it doesn't work, it's because it's not finished"
- "The Team is working hard, believe us!"
- "We can't tell now, you'll know when we'll publish it"?
- "Thank you for your support!"

Is this (hypothetical) crypto decentralized?
No, it's in unmanageable, indisputable hands and will of a few private (and wealthy) persons.

In this case... is it better to fall from public regulation to a private "regulation"?
Falling between Scylla and Charybdis, does it reminds you something?

If you think I'm fudding, please read the above 940+ pages.
If you're sure I'm fudding, then you're one of the centralizers, see above.

We are not promoting any pools, everyone who want can create his own pool and promote it in our channels, it's not forbidden.
No one called people which asking questions a FUDers, but if some person just complaining all the time and trying to find any reasons to blame team and the project, it's FUD. Just like your post. If you will enter any other project on similar stage of developement, you will find that such replies it's normal thing, because nothing was done in a second and some things should be told when the time will come. Team is really working hard and we have a big plans for the future, if you have no patience and faith in our project, you can just sell your coins and move on. But we are always welcome constructive criticism and any good suggestions, so if you will have any of those, we will be glad to hear it.

[mr.pacy.mf]

Sure! But at least they're "official", and "somewhere" regulated.

What's about an (hypothetical) crypto which promotes only 2 pools, one being his own pool processing 80/90% of the market?

What's about (hypothetical) "private investors" (whales) that rule the market, the forums and communication means just saying "Any question is necessarily FUD, the project is good!"?

What's about an (hypothetical) "official" representative who barely speaks English and whose replies mainly consists of:
- "If it doesn't work, it's because it's not finished"
- "The Team is working hard, believe us!"
- "We can't tell now, you'll know when we'll publish it"?
- "Thank you for your support!"

Is this (hypothetical) crypto decentralized?
No, it's in unmanageable, indisputable hands and will of a few private (and wealthy) persons.

In this case... is it better to fall from public regulation to a private "regulation"?
Falling between Scylla and Charybdis, does it reminds you something?

If you think I'm fudding, please read the above 940+ pages.
If you're sure I'm fudding, then you're one of the centralizers, see above.

We are not promoting any pools, everyone who want can create his own pool and promote it in our channels, it's not forbidden.
No one called people which asking questions a FUDers, but if some person just complaining all the time and trying to find any reasons to blame team and the project, it's FUD. Just like your post. If you will enter any other project on similar stage of developement, you will find that such replies it's normal thing, because nothing was done in a second and some things should be told when the time will come. Team is really working hard and we have a big plans for the future, if you have no patience and faith in our project, you can just sell your coins and move on. But we are always welcome constructive criticism and any good suggestions, so if you will have any of those, we will be glad to hear it.

I think the entire team of administrators on the telegram should get fired, employment of   serious people will be grate move.... and not some kids who under the slightest pressure
tap  the button BAN... people who have  invested in the project...They do not care about who they are banning...they do not think with their heads...
exceptions is onjly one ,Im talk about  Arevik

also radical things like the dismissal of incompetent team members
You see that  projects delaying you see that things are not going as planned
hire a skilled people
you did not bring anything in six months .... you fly out....on your place will come  better programer

[MineCoin.org]

I think the entire team of administrators on the telegram should get fired, employment of   serious people will be grate move.... and not some kids who under the slightest pressure
tap  the button BAN... people who have  invested in the project...They do not care about who they are banning...they do not think with their heads...
exceptions is onjly one ,Im talk about  Arevik

also radical things like the dismissal of incompetent team members
You see that  projects delaying you see that things are not going as planned
hire a skilled people
you did not bring anything in six months .... you fly out....on your place will come  better programer

If you were banned from TG group, this happened because you were breaking the chat rules, not because our support team decided that it's a good idea. But if you think that you were banned not fair, please, write to support@minexsystems.com and describe your case in detail, attach evidence of incompetence and we will definitely check this. Also, seems like you know nothing about our project, if you are saying that nothing was done for last 6 months.

[Racquemis1]

What's about an (hypothetical) crypto which promotes only 2 pools, one being his own pool processing 80/90% of the market?

Well it's clear now you don't know anything. Minexpool.nl isn't a pool run by the team. It's run by me just a member of the community!
are you really gonna blame the team for where miners decide to mine?

[NeuroticFish]

Thank you for the answers, although I didn't understand well enough most of them.
Also it may worth notifying you that, at least for me, quoting doesn't work and it may be because the thread has became too long. Maybe it would be a good idea to start a "continuation" thread. Maybe.

When you order the card, your credit limit is set to zero. You can upload your debit card with fiat money same as you can do with the usual bank’s card. As for the credit limit, it will be set according to your share in ETF (Exchange Traded Fund) When you send your MNX to the fund you automatically become its co-owner, and it guarantees reimbursement of your credit limit on your behalf by selling your coins at the very moment  when you spend the money from your credit (credit limit). Minimum required balance is a minimum balance that activates the status of the card and provides you with all the conditions of the selected status. Overdraft limit is a credit limit, which is set depending on the status of the card.
Minimum required balance are blocked on the card depending on its class.

OK, let's say I don't use fiat at all. I want to spend only MNX and BTC.
I transfer 100$ worth of MNX to the card. What's next? Do I have to transform that to fiat in order to spend? Or this is the moment the MNX is somehow calculated for the overdraft?
Let's say I transfer more 100$ worth of MNX to the card. And let's say I spend the first 100$ somehow. Is the overdraft related to 100$ MNX or 200$ MNX?
Sorry, as you can see I am confused on this concept and I would like to find out 2 things:
1. How does the spending of cryptocurrency works on your card
2. If this overdraft functionality can be abused (since then I will stay away of your cards).

You will receive your card after verification process completed.
Per the note you see after paying for the card, verification process to be started in the second part of July for the first registered users. The rest will be verified in their turn accordingly.
Then the card is to be delivered by courier service and the delivery date depends on their estimated time needed for delivery to each specific country.

It's a bit odd that I pay for the card, then I send out the papers and then my card could be rejected. But maybe I understood it wrong.
From what I could calculate verification starts around 15-20 of July. A typical verification takes maximum 2 weeks. That means that in 1-10 August the first cards should start to get sent out. Sounds reasonable.