ERossin
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Activity: 490
Merit: 262
The World’s First Blockchain Core
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August 10, 2018, 04:35:46 AM |
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Just finished my kyc, how many more weeks should i wait for my card or is there also possibility its not final yet i got verified soo..
You should wait. AML/CFT checks take time. Then card issuing and your name embossing. Estimated time for the first cards to be sent is September 2018. September will be very hot for this project when this card will become functional. This is good to know you are moving forward the whole process within time line so that I'm quite Minex could take advantage into this ecosystem by providing a working card and it will bring real investors for this platform. This is not just it. They are actively developing newer products that can add and will benefit the liquidity of Minexcoin. Specially the Minexexchange. This will be a huge factor as when the cards are online and instabuy is a available, it would be easy to initiate P2P decentralized exchange of coin. All things will can be seen in Q4 2018. I'm sure MNX will get a big success in payments and exchange. The price is interesting to buy more coins and keep it for a while on Minexbank to get interest. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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bozicso
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August 10, 2018, 05:09:46 AM |
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3rd memorandum will be published on 01.09.?
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upcomingcarsreview.com
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btcyoda
Member
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Activity: 644
Merit: 10
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August 10, 2018, 05:18:02 AM |
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wait why isn't international id card considered as a document?
They use a 3rd party to process KYC/AML rather than do it in-house. Maybe they have strict requirements. Not only MNX most of the companies will give KYC/AML to the third party for verification otherwise, they need to spend a lot of time on this process. By giving the third party they can easily simply the work. |
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MineCoin.org (OP)
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August 10, 2018, 06:42:16 AM |
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3rd memorandum will be published on 01.09.?
Rather in the end of September. |
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timmmers
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August 10, 2018, 09:46:29 AM |
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Hello, I would like to know difference between Instabuy and Atomic swap.
On Instabuy you can only buy Minexcoins, right? But what is the diffrence between the tehcnology, how it is works?
And atomic swap is still only in a testing mode, right?
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Fabriz
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Activity: 392
Merit: 10
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August 10, 2018, 09:57:00 AM |
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I hope to see Credit Card for buying Minex, then i think they should speak with Pundix to integrate Minex in their Pos....more time pass more difficult will be add new coins to their system
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Danimore
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Activity: 294
Merit: 123
The World’s First Blockchain Core
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August 10, 2018, 10:01:08 AM |
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It's nearly about 14,000 visa cards sold within 6 weeks and that's a nice surprise with minexcoin project. If Minexcoin platform and payment card system work well together after released I believe that MNX coin is the best choice for payment in our crypto-world. |
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timmmers
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August 10, 2018, 10:04:06 AM |
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It's nearly about 14,000 visa cards sold within 6 weeks and that's a nice surprise with minexcoin project. If Minexcoin platform and payment card system work well together after released I believe that MNX coin is the best choice for payment in our crypto-world. You are wrong, it is not true that 14,000 visa cards sold, only 901 cards were really sold (bought and paid). Almost 14 000cards were only bought but not paid, that is a little different! |
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KyleHaruna
Newbie
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Activity: 12
Merit: 0
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August 10, 2018, 12:09:44 PM |
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Ahh very nice company, Gonna buy it now!  |
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MakiHasegawa
Newbie
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Activity: 39
Merit: 0
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August 10, 2018, 01:06:58 PM |
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I like the design of the gold card and infinite, looks simple and elegant. Anyway, has anyone received the card? And is there a review for those who have received the card? Thank you!
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TeMHuK
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August 10, 2018, 01:50:58 PM |
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I like the design of the gold card and infinite, looks simple and elegant. Anyway, has anyone received the card? And is there a review for those who have received the card? Thank you!
cards will be send in September. And you will see a lot of reviews from people in chats and bloggers on the YouTube  |
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MineCoin.org (OP)
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August 10, 2018, 02:19:20 PM |
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I like the design of the gold card and infinite, looks simple and elegant. Anyway, has anyone received the card? And is there a review for those who have received the card? Thank you!
Currently KYC/AML/CFT checks are being processed. Cards will be issued after those and sent then. |
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JollyGood
Legendary
 Online
Activity: 2520
Merit: 1711
Top Crypto Casino
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August 10, 2018, 02:37:07 PM |
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cards will be send in September. And you will see a lot of reviews from people in chats and bloggers on the YouTube That is what we all are waiting for. To read reviews and hear about Minexcoin all over the media. |
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memarx
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Activity: 36
Merit: 0
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August 10, 2018, 02:57:28 PM |
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this is taken from the rules Step 2.
You can verify your identity with any official government document - ID-card, passport or driving license. After taking a photo of your document, please send us the pictures, using the form. also this https://static.tildacdn.com/tild3330-6138-4364-b833-626336313962/if-2.jpgminexpay kyc does not include the option to choose the document you want to use, so my question remain unanswered. |
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MineCoin.org (OP)
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August 10, 2018, 03:00:20 PM |
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minexpay kyc does not include the option to choose the document you want to use, so my question remain unanswered.
If you still experience any issues, please contact us at support@minexsystems.com and explain what the issue is. |
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bcfkm
Jr. Member
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Activity: 36
Merit: 4
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August 10, 2018, 05:46:35 PM
Last edit: August 10, 2018, 06:00:08 PM by bcfkm |
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Bit disappointed about the falling price of MNX. Many of the speculators sold off their holdings when the rate change was announced back in May. Now the real believers in the project are holding on to their coins and presumably accumulating interest. Soon we will be hitting the first quarter after May and I'm guessing there will be more dumping when interest comes in. The falling price will encourage the less confident to sell off and move on, lowering the price further. The remainder will take advantage of the cheap price to snap up coins cheap, with little competition so it's a buyer's market. Only the cheap orders will be filled, lowering the price further encouraging more dumping at low prices. Those buyers then hold on to their coins accumulating more interest. Every 3 to 4 months the cycle will repeat, although less severely each time.
Throughout all of this there is little competition for buying so no mechanism to drive the price up.
When 1000 or so card orders fully completed in September ship, the recipients will be those with fairly decent sized holdings and no immediate need to purchase more coins to fulfill the minimum reserve balance = no pressure for buying and no market force on the price.
As the card is proven to work more of the orders will be fully completed, but likely by those who are already invested but cautiously waiting to see others try first. As these people complete their orders they will likely have the funds already to fulfill the minimum requirements (especially as the majority of pre-orders are standard or gold which have quite low MNX requirements).
Active users of the cards have no need to purchase MNX to continue using it. They can continue to accumulate interest and spend that for free. Or possibly not spend at all. After all, why spend when you can keep on accumulating?
Finally people new to the project will hear of the working cards and want to try. There will be a small increase in buying as people need the small amount of MNX required to get a standard or gold card up and running. But once they have it there is no need for MNX any more. They will simply top up the card with good old reliable bitcoin, the trusted go-to coin well known to them.
Will MNX then be a victim of its own strategy? While it is a very attractive project for crypto holders to spend crypto via the VISA card, there is no pressure to use MNX in the process, other then acquiring the very small amount required to set the card up.
In short, I see no market force putting competition on buy orders.
In order to raise the value of MNX the team can do one of two things:
1) increase the interest rates which will encourage more buying, but this is not sustainable and will be undone as soon as rates are reverted.
2) force the purchasing of MNX through use of the card. Any topups of the card in bitcoin will first exchange the bitcoin for MNX at market rates, and then be exchanged to USD for purchasing of the ETF.
This will generate a steady competition on buy orders, maintain liquidity and volume, raising and holding the value of MNX
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bcfkm
Jr. Member
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Activity: 36
Merit: 4
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August 10, 2018, 06:27:22 PM |
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Moreover, simplifying the process of acquiring a card can be done so with a one-click bitcoin transaction. There is no need to involve instabuy, unfamiliar exchanges or unfamiliar MNX desktop or Web wallets in the process.
New adopters would be far more comfortable with an option to register and purchase their first card via a single bitcoin transaction, which you internally exchange to MNX and do all the necessaries. After all, when creating a minexpay account the user will assigned a MNX wallet anyway for transactions.
Later these same new adopters will learn of minexbank and instabuy, be more comfortable with MNX and more willing to invest the effort required to use.
So aside from forcing topups of the card to internally exchange to and from MNX (and help drive the market), simplifying the initial access to the project will help adoption.
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Piucham
Newbie
Offline
Activity: 14
Merit: 0
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August 10, 2018, 06:30:11 PM |
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Bit disappointed about the falling price of MNX. Many of the speculators sold off their holdings when the rate change was announced back in May. Now the real believers in the project are holding on to their coins and presumably accumulating interest. Soon we will be hitting the first quarter after May and I'm guessing there will be more dumping when interest comes in. The falling price will encourage the less confident to sell off and move on, lowering the price further. The remainder will take advantage of the cheap price to snap up coins cheap, with little competition so it's a buyer's market. Only the cheap orders will be filled, lowering the price further encouraging more dumping at low prices. Those buyers then hold on to their coins accumulating more interest. Every 3 to 4 months the cycle will repeat, although less severely each time.
Throughout all of this there is little competition for buying so no mechanism to drive the price up.
When 1000 or so card orders fully completed in September ship, the recipients will be those with fairly decent sized holdings and no immediate need to purchase more coins to fulfill the minimum reserve balance = no pressure for buying and no market force on the price.
As the card is proven to work more of the orders will be fully completed, but likely by those who are already invested but cautiously waiting to see others try first. As these people complete their orders they will likely have the funds already to fulfill the minimum requirements (especially as the majority of pre-orders are standard or gold which have quite low MNX requirements).
Active users of the cards have no need to purchase MNX to continue using it. They can continue to accumulate interest and spend that for free. Or possibly not spend at all. After all, why spend when you can keep on accumulating?
Finally people new to the project will hear of the working cards and want to try. There will be a small increase in buying as people need the small amount of MNX required to get a standard or gold card up and running. But once they have it there is no need for MNX any more. They will simply top up the card with good old reliable bitcoin, the trusted go-to coin well known to them.
Will MNX then be a victim of its own strategy? While it is a very attractive project for crypto holders to spend crypto via the VISA card, there is no pressure to use MNX in the process, other then acquiring the very small amount required to set the card up.
In short, I see no market force putting competition on buy orders.
In order to raise the value of MNX the team can do one of two things:
1) increase the interest rates which will encourage more buying, but this is not sustainable and will be undone as soon as rates are reverted.
2) force the purchasing of MNX through use of the card. Any topups of the card in bitcoin will first exchange the bitcoin for MNX at market rates, and then be exchanged to USD for purchasing of the ETF.
This will generate a steady competition on buy orders, maintain liquidity and volume, raising and holding the value of MNX
The time dira everything but it is a good project in times of bleeding. |
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