Minexcoin - A new era of payments

[JollyGood]

If I do not make a mistake, then the issue of cards should assume a relative stability of the exchange rate?

In which way? Which mistake are you saying could be made?

[1715363441]

1715363441

[1715363441]

1715363441

[1715363441]

1715363441

[1715363441]

1715363441

[BitPotus]

https://coinmarketcap.com/currencies/minexcoin/

isn't their algo supposed to stabilize the price?

where does the money for the interest payment come from?

The more I look into it, the more it seems to be a sophisticated Bitconnect type operation.

 

Well you cleverly didn't look well enough otherwise you would have known the interest comes a 1.5 million mnx reserve generated on the genesis block and that each block mined on the networks sends 20 percent of the total reward to the minexbank reserve.

clever twist on a Bitconnect style Ponzi.

thank you for the additional info.

[vuglusk]

Hello! What is the current price of Minexcoin? And what price are you predict to be?

[Galabau24]

Hello! What is the current price of Minexcoin? And what price are you predict to be?

https://coinmarketcap.com/currencies/minexcoin/#markets   here is the price and the exchanges

[timmmers]

Random guessing on the future price is not productive.

Unsupported statements such as "the cards will help the price" are equally as unproductive.

See my post a page back where I justify my prediction with some reasonings. I fully understand that my reasonings may be flawed, and would really appreciate a long discussion with many of you about why you analyse the situation differently.

To help this project, secure our investments and enable us to offer constructive suggestions to the Minex team, let's debate our predictions, with supporting reasoning and help to think of some mechanisms to encourage market liquidity and volume.

The minex team may well reject the ideas with their own conflicting analysis... Which would also be great... It means we have explored multiple strategies with them and they've chosen the strongest.

There's really no need for any more "this project has great potential!" one-liners. We don't need so many 'we're so great' self congratulations. Minor delays aside, the Minex team are doing a great job and we all know it. Perhaps some targets were ambitious and everyone learned from that. We are all pleased with their dedication and reporting. Enough on that.

If you refer back to my long post a page back... I've concluded that the strategies that gave this project such a great kick-start and now starting to hinder it severely... To the point where this same strategies may suck enough liquidity out of the market to crash it irreversibly.

Does anyone have an alternative analysis they would care to share?

This guy is really clever and I do not understand why nobody responds from MinexCoin to him? I am also very afraid of the future of MinexCoin, you are right there is no real reason why new investors should invest into MinexCoin.

[JollyGood]

Random guessing on the future price is not productive.

Unsupported statements such as "the cards will help the price" are equally as unproductive.

See my post a page back where I justify my prediction with some reasonings. I fully understand that my reasonings may be flawed, and would really appreciate a long discussion with many of you about why you analyse the situation differently.

To help this project, secure our investments and enable us to offer constructive suggestions to the Minex team, let's debate our predictions, with supporting reasoning and help to think of some mechanisms to encourage market liquidity and volume.

The minex team may well reject the ideas with their own conflicting analysis... Which would also be great... It means we have explored multiple strategies with them and they've chosen the strongest.

There's really no need for any more "this project has great potential!" one-liners. We don't need so many 'we're so great' self congratulations. Minor delays aside, the Minex team are doing a great job and we all know it. Perhaps some targets were ambitious and everyone learned from that. We are all pleased with their dedication and reporting. Enough on that.

If you refer back to my long post a page back... I've concluded that the strategies that gave this project such a great kick-start and now starting to hinder it severely... To the point where this same strategies may suck enough liquidity out of the market to crash it irreversibly.

Does anyone have an alternative analysis they would care to share?

As a newbie you seem to saying a lot of things with depth. Some concerns seem valid.

Well I am waiting to see if Minexcoin Team will reply to this and your previous posts.

[Green999]

Hello! What is the current price of Minexcoin? And what price are you predict to be?

Now perhaps you precise the answer no one can give on your question. In the market, everything depends on Btc now, and there the question is how much lower the price of Btc will go 6K.Where will the next growth of Btc go?

[Galabau24]

https://twitter.com/Peter_minexcoin/status/1025367567395966978

Peter (not giving crypto away)
‏

 
@Peter_minexcoin
 Aug 3
@minexcoin has initiated the journey to go international! We will be present at Blockshow America on the 20-21th of August as VIPs. That is not the only thing we will do in the US. We will write a detailed article about our expansion plans.
https://blockshow.com

 

[timmmers]

https://twitter.com/Peter_minexcoin/status/1025367567395966978

Peter (not giving crypto away)
‏

 
@Peter_minexcoin
 Aug 3
@minexcoin has initiated the journey to go international! We will be present at Blockshow America on the 20-21th of August as VIPs. That is not the only thing we will do in the US. We will write a detailed article about our expansion plans.
https://blockshow.com

 

Good news, hope there MinexCoin will attract more investors and everything will be positive again. I really like your idea but many people here know that the idea is one thing and the final product is the second thing.

[Galabau24]

https://twitter.com/Peter_minexcoin/status/1025367567395966978

Peter (not giving crypto away)
‏

 
@Peter_minexcoin
 Aug 3
@minexcoin has initiated the journey to go international! We will be present at Blockshow America on the 20-21th of August as VIPs. That is not the only thing we will do in the US. We will write a detailed article about our expansion plans.
https://blockshow.com

 

Good news, hope there MinexCoin will attract more investors and everything will be positive again. I really like your idea but many people here know that the idea is one thing and the final product is the second thing.

yes, I hope so too, that would be nice .... maybe you can find new partnerships, investors or even ICO's (new startups) ...... I'm looking forward to the report what you have in the US before

[elegant_joylin]

https://twitter.com/Peter_minexcoin/status/1025367567395966978

Peter (not giving crypto away)
‏

 
@Peter_minexcoin
 Aug 3
@minexcoin has initiated the journey to go international! We will be present at Blockshow America on the 20-21th of August as VIPs. That is not the only thing we will do in the US. We will write a detailed article about our expansion plans.
https://blockshow.com

 

Great. I hope many investors will look into Minexcoin and hopefully more partnership to be announced. Looking forward for Minexcoin report after this Blockshow America.

[KyleHaruna]

I've bought a few minex on livecoin for buying the card. Are there plans to be listed on other exchanges with healthier volumes like bittrex Or top 10 Exchange besides HitBtc? I have a bad experience with hitbtc

[MineCoin.org]

I've bought a few minex on livecoin for buying the card. Are there plans to be listed on other exchanges with healthier volumes like bittrex Or top 10 Exchange besides HitBtc? I have a bad experience with hitbtc

I think it will be in future.

[JollyGood]

This guy is really clever and I do not understand why nobody responds from MinexCoin to him? I am also very afraid of the future of MinexCoin, you are right there is no real reason why new investors should invest into MinexCoin.

I noted that too. Even I highlighted his post but the Minexcoin Team seem to just ignore it. That does not bode well at all sadly.

If someone does not conform to a particular view or opinion that does not mean they should be excluded from debate. Quite sad behaviour from Minexcoin Team, this is the only time I can think of they have let themselves down. They are usually so polite and forthcoming but on this they have let themselves down.

[wwzsocki]

When will this additional ATM product be released? Can you provide any specified date?
This will be the missing component. This is true that Minexcoin is only missing simple way to purchase using FIAT or other cryptos on the Minex page or in the Minexbank account direct.
Can you explain how this will be implemented? Where? When?
I have to add that Minexcoin is holding good against this falling market. I know that we are far from ATH but still, when I look at other cryptocurrencies, Minexcoin graph looks strong and bullish. Great work Minexcoin team. I think you have to advertise Minexcoin more. People don't know that such a project exist. There is a plenty of people I talk with and they never heard about Minexcoin despite they are in crypto from a year or two. Of course, everybody is amazed and want to jump in. I think with little more advertising we could see a lot more volume.

Hello wwzsocki,

Thank you for your support

We cannot give estimates on the ATM project at the moment, because it is under development however you can watch some of the Crypto Rich interviews with our CEO where they talk about them:
Shortest and most recent one:
https://youtu.be/1sSYexgmrR8

https://youtu.be/60ias1GQ4pE (part 2 out of 5)
https://youtu.be/FPSJp2M4Ta8 (part 4 out of 5)

Thank you Minexcoin team for a fast answer. I really like that you are so active and keep answering questions from day one. Not all projects are so professional, believe me.

I see that you missed the part when I asked about advertising or promotional campaign for Minexcoin. Like I told you in my previous post, I don't see any advertising and people don't know about Minexcoin. I'm almost daily browsing only crypto related pages and never seen a Minexcoin advert. On all the best crypto web pages there is nothing about Minexcoin project. A lot of people is surprised that such a project exists. This isn't good because we can achieve a lot more with a good promotional campaign.

Do you plan or maybe already do something to advertise Minexcoin more aggressively?

[MineCoin.org]

Thank you Minexcoin team for a fast answer. I really like that you are so active and keep answering questions from day one. Not all projects are so professional, believe me.

I see that you missed the part when I asked about advertising or promotional campaign for Minexcoin. Like I told you in my previous post, I don't see any advertising and people don't know about Minexcoin. I'm almost daily browsing only crypto related pages and never seen a Minexcoin advert. On all the best crypto web pages there is nothing about Minexcoin project. A lot of people is surprised that such a project exists. This isn't good because we can achieve a lot more with a good promotional campaign.

Do you plan or maybe already do something to advertise Minexcoin more aggressively?

Minexcoin has initiated the journey to go international! We will be present at Blockshow America on the 20-21th of August as VIPs. 

[Galabau24]

Thank you Minexcoin team for a fast answer. I really like that you are so active and keep answering questions from day one. Not all projects are so professional, believe me.

I see that you missed the part when I asked about advertising or promotional campaign for Minexcoin. Like I told you in my previous post, I don't see any advertising and people don't know about Minexcoin. I'm almost daily browsing only crypto related pages and never seen a Minexcoin advert. On all the best crypto web pages there is nothing about Minexcoin project. A lot of people is surprised that such a project exists. This isn't good because we can achieve a lot more with a good promotional campaign.

Do you plan or maybe already do something to advertise Minexcoin more aggressively?

Minexcoin has initiated the journey to go international! We will be present at Blockshow America on the 20-21th of August as VIPs. 

that's great to take a first step into the USA !! Is Asia also planned in November, or just the US?

[MineCoin.org]

We are excited to announce that we released KYC Verification via Telegram Passport!

[Bgbolahan]

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

Check the card features again, loading and using the card with MNX safe more money than other crypto or fiat which will increase the demand for MNX....you can correct me where am wrong

[MineCoin.org]

that's great to take a first step into the USA !! Is Asia also planned in November, or just the US?

Now is only USA.
But may be Asia will be in future.