Minexcoin - A new era of payments

[mkmdoc]

there are a lot of speculation minex is a scam but the team seems to be working. the fact they are selling some coins might be just for covering operational costs. i do own some republia where the ceo of minex is involved but now i do not see any scam threat that can harm also my investment.

Now people are completely negative about the Minexcoin and the team, for everything we need to get clarification from the team. In the meantime, we have to do analysis what are recent updates from the team and whether they will progress cards issuing to further or not?

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[the_thing]

Thanks for Minexcoin office advertising  

All those employees plus scammers Temhuk and Boris, yet practally nothing accomplished since ICO

In December 2017 MNX was over $56 each and had a market capital of $169 million

Today MNX is less than $2 each and has a market capital of less than $9 million

They achieved nothing except hot-air and hype along with lots of lies about fake partnerships with banks and also destroyed what little reputation they had left.

Was not active on this thread for a while now. Can you please tell me which fake bank partnership are you talking about?

[thunderjet]

If Minex does not cancel parking option,Minex bank will bankrupt for at most 4.5 months.

Good point but they are intended to reduce the parking rate after card launch. It was announced in telegram group and therefore  there is nothing to worry about.

The 172.000 mnx that thunder jet was referring to was before the last change. And has since been reduced considerably
Reserve will last alot longer then the 4.5 months he's suggesting.

It is 127500 per month not 172.000.It is not mine number ,but from Minex official report. Yes,parking annual rate decreased to 70% ,but volume of parked coins increased.

If we took relative conservative CMC estimation, there are now about 1.6 millions of MNX at parking(total - circulating supply).At month rate of 5.83% ,Minexbank have to pay about 93280 coins per month.

Minexbank has 575000 coins ,so it will last max. 6 months.


Also we can take another ,possibly even better estimation.Till parking rate decrease in May, Minexbank paid 400000 coins as parking interest and had 1.1 millions MNX in bank.Now Minexbank has 575000 coins.It paid about 525000 coins for 6 months or 87500 per month.With this rate, Minexbank will last max. 6.5 months.

Both estimations have very close results,which gives them much more credibility. In reality Minexbank will last less,because of constant increase of parking coins.How less ,hard to estimate due to difficulty to make precise calculation of parking coins increasing rate.

Yes your right that the minexbank rates are still not sustainable but it's not like the team doesn't know that
They created the minimum locked amount on the card to reduce the amount of parked coins. Also people will be storing coins later on the web wallet which you can't park. As mnx gets more uses less coins will be parked.
Rate reductions will help aswell.

Time will tell if that works to make minexbank sustainable.
but if not they can always change the coins consensus rules to increase the block reward and have a higher fee for minexbank (ofcourse without decreasing reward miner as that will be something wouldn't accept. And if that doesn't park they could always add a new consensus that will generate for example 10.000 coins every x amounts of blocks the minexbank. But that should be a last resort and rather be avoided as this is basically printing money and devaluing the coin.

There is still enough time minexsystems to make the bank sustainable.

Yes,Minex started payment cards program to decrease pressure on Minexbank. Now,after Novarise Secrecy failure,they are on the begining of card program.As it can be see from other companies,after Wave Crest failure,it is very difficult and slow process which takes about 8-10 months to be realized and that means they cant count for a long time on cards to decrease pressure on coin. Also ,no way that Visa or Mastercard will give them worldwide license.At best ,Chain2Pay which is registered in EEA zone can get license only for EEA zone.

Another problem is that Minex already sold 3 of 5 millions coins or about 60%. They need money to pay workforce and expenses and with MNX price so low ,they will need much more coins to sell.

Decreasing parking rate can help Minexbank to live longer,but smaller incentive will make more investors decide to sell coins,take money and go.At the same time ,because of low price,Minex will need to sell much more coins to cover expenses.It is like perfect storm,whatever they do,price of coin will go further down with bad consequences for company.Except card program which is a very long shot and will take months,there are no other viable option to tie a lot of coins without paying interest for them.

 Iam very sceptical about it.My opinion is that is not a question will Minex fail,but just how fast.Only miracle can help them now or to find angel investors willing to save them.As you said time will tell.

[JollyGood]

Thanks for Minexcoin office advertising  

All those employees plus scammers Temhuk and Boris, yet practally nothing accomplished since ICO

In December 2017 MNX was over $56 each and had a market capital of $169 million

Today MNX is less than $2 each and has a market capital of less than $9 million

They achieved nothing except hot-air and hype along with lots of lies about fake partnerships with banks and also destroyed what little reputation they had left.

Was not active on this thread for a while now. Can you please tell me which fake bank partnership are you talking about?

This would help: https://bitcointalk.org/index.php?topic=1847292.msg47470101#msg47470101

[Racquemis1]

Another problem is that Minex already sold 3 of 5 millions coins or about 60%. They need money to pay workforce and expenses and with MNX price so low ,they will need much more coins to sell.

Minexsystems doesn't rely of their mnx to fund their work. The company has its own funds outside of crypto.  They have investors outside of the Ico that invested fiat in the company and also Boris invested alot of his own funds.

Development will continue regardless of the price of mnx. That's the good thing about it. They won't go bankrupt if the coin decides to nosedive.

[mr.pacy.mf]

Another problem is that Minex already sold 3 of 5 millions coins or about 60%. They need money to pay workforce and expenses and with MNX price so low ,they will need much more coins to sell.

Minexsystems doesn't rely of their mnx to fund their work. The company has its own funds outside of crypto.  They have investors outside of the Ico that invested fiat in the company and also Boris invested alot of his own funds.

Development will continue regardless of the price of mnx. That's the good thing about it. They won't go bankrupt if the coin decides to nosedive.

what about 70-80k mnxselled from premine  trough instabuy

[YuSK]

Another problem is that Minex already sold 3 of 5 millions coins or about 60%. They need money to pay workforce and expenses and with MNX price so low ,they will need much more coins to sell.

Minexsystems doesn't rely of their mnx to fund their work. The company has its own funds outside of crypto.  They have investors outside of the Ico that invested fiat in the company and also Boris invested alot of his own funds.

Development will continue regardless of the price of mnx. That's the good thing about it. They won't go bankrupt if the coin decides to nosedive.

What Development??? They have accomplished nothing in 20 months since ICO.

[JimmyGTO]

Another problem is that Minex already sold 3 of 5 millions coins or about 60%. They need money to pay workforce and expenses and with MNX price so low ,they will need much more coins to sell.

Minexsystems doesn't rely of their mnx to fund their work. The company has its own funds outside of crypto.  They have investors outside of the Ico that invested fiat in the company and also Boris invested alot of his own funds.

Development will continue regardless of the price of mnx. That's the good thing about it. They won't go bankrupt if the coin decides to nosedive.

What Development??? They have accomplished nothing in 20 months since ICO.

So how did Minexbank come into existence then? that did not manifest itself.

[mr.pacy.mf]

Another problem is that Minex already sold 3 of 5 millions coins or about 60%. They need money to pay workforce and expenses and with MNX price so low ,they will need much more coins to sell.

Minexsystems doesn't rely of their mnx to fund their work. The company has its own funds outside of crypto.  They have investors outside of the Ico that invested fiat in the company and also Boris invested alot of his own funds.

Development will continue regardless of the price of mnx. That's the good thing about it. They won't go bankrupt if the coin decides to nosedive.

What Development??? They have accomplished nothing in 20 months since ICO.

So how did Minexbank come into existence then? that did not manifest itself.

only with minex bank scam park system.
 minex algo doesnt work ,only thing that works and which will soon lead to the bankruptcy of the bank's reserve is a  park option
 and that is what kept minex from a complete collapse
 but that colapse is approaching at a high speed

[JollyGood]

WARNING!! Republia and Minexcoins/Minexsystem/Minexpay are operated by criminals trying to scam you.

Dear BitcoinTalk Community,

Both Republia and Minexcoins/Minexsystem/Minexpay are operated by scammers that use fake accounts and their own scammer accounts to pump threads and create fake hype.

BEWARE of Racquemis1, Temhuk and Borys Shulyayev because they are at the main criminals at play here using Republia and Minexcoins/Minexsystem/Minexpay to scam





MINEXCOIN/MINEXSYSTEM/MINEXPAY = SCAM !!

REPUBLIA = SCAM !!

[naska21]

What Development??? They have accomplished nothing in 20 months since ICO.

Sounds to me like a question  from novice who  fell for the oldest trick in the scroll. In those 20 moths you ask about they did more that the whole BitcoinCore team for their baby. Ask MinexCoin team to send you Y&Q reports and if they consider that you are a bit qualified in the areas of financial  soft development and good enough to comprehend blockchain based financial system they may answer your request.  But I think that  they will deal with a  boy in short pants involved in situations like this.

[Racquemis1]

Another problem is that Minex already sold 3 of 5 millions coins or about 60%. They need money to pay workforce and expenses and with MNX price so low ,they will need much more coins to sell.

Minexsystems doesn't rely of their mnx to fund their work. The company has its own funds outside of crypto.  They have investors outside of the Ico that invested fiat in the company and also Boris invested alot of his own funds.

Development will continue regardless of the price of mnx. That's the good thing about it. They won't go bankrupt if the coin decides to nosedive.

what about 70-80k m'n wasxselled from premine  trough instabuy

All BTC held as a buffer to prevent further sell pressure when cards are released. Cards wusage will basically be the instasell

[YuSK]

What Development??? They have accomplished nothing in 20 months since ICO.

Sounds to me like a question  from novice who  fell for the oldest trick in the scroll. In those 20 moths you ask about they did more that the whole BitcoinCore team for their baby. Ask MinexCoin team to send you Y&Q reports and if they consider that you are a bit qualified in the areas of financial  soft development and good enough to comprehend blockchain based financial system they may answer your request.  But I think that  they will deal with a  boy in short pants involved in situations like this.

You failed miserably to answer the question   . I'll answer for you, Minexbank is all they have accomplished

[naska21]

What Development??? They have accomplished nothing in 20 months since ICO.

Sounds to me like a question  from novice who  fell for the oldest trick in the scroll. In those 20 moths you ask about they did more that the whole BitcoinCore team for their baby. Ask MinexCoin team to send you Y&Q reports and if they consider that you are a bit qualified in the areas of financial  soft development and good enough to comprehend blockchain based financial system they may answer your request.  But I think that  they will deal with a  boy in short pants involved in situations like this.

You failed miserably to answer the question   . I'll answer for you, Minexbank is all they have accomplished

Yeah, given MinexExplorer,  Minexpay, Instabuy, WebWallet and couple versions of their desk ones were developed by join efforts of Apple and Microsoft.    If you're going to post here, you better learn the language.

[JollyGood]

What Development??? They have accomplished nothing in 20 months since ICO.

Sounds to me like a question  from novice who  fell for the oldest trick in the scroll. In those 20 moths you ask about they did more that the whole BitcoinCore team for their baby. Ask MinexCoin team to send you Y&Q reports and if they consider that you are a bit qualified in the areas of financial  soft development and good enough to comprehend blockchain based financial system they may answer your request.  But I think that  they will deal with a  boy in short pants involved in situations like this.

You failed miserably to answer the question   . I'll answer for you, Minexbank is all they have accomplished

What good has Minexbank actually done? It is useless and pointless if not backed up with a VISA crypto card

[YuSK]

What Development??? They have accomplished nothing in 20 months since ICO.

Sounds to me like a question  from novice who  fell for the oldest trick in the scroll. In those 20 moths you ask about they did more that the whole BitcoinCore team for their baby. Ask MinexCoin team to send you Y&Q reports and if they consider that you are a bit qualified in the areas of financial  soft development and good enough to comprehend blockchain based financial system they may answer your request.  But I think that  they will deal with a  boy in short pants involved in situations like this.

You failed miserably to answer the question   . I'll answer for you, Minexbank is all they have accomplished

Yeah, given MinexExplorer,  Minexpay, Instabuy, WebWallet and couple versions of their desk ones were developed by join efforts of Apple and Microsoft.    If you're going to post here, you better learn the language.

WTF are you talking about  ?

FYI- Instabuy was a SCAM to sell to get rid of their premined coins

[JollyGood]

FYI- Instabuy was a SCAM to sell to get rid of their premined coins

I thought that might have been the case. When I asked them about how the statistics will show up on CMC and other graphs they claimed it would be sent from exchange and etc etc but the whole thing seemed a scam to me.

Thank you for clearing that up

[mr.pacy.mf]

What Development??? They have accomplished nothing in 20 months since ICO.

Sounds to me like a question  from novice who  fell for the oldest trick in the scroll. In those 20 moths you ask about they did more that the whole BitcoinCore team for their baby. Ask MinexCoin team to send you Y&Q reports and if they consider that you are a bit qualified in the areas of financial  soft development and good enough to comprehend blockchain based financial system they may answer your request.  But I think that  they will deal with a  boy in short pants involved in situations like this.

You failed miserably to answer the question   . I'll answer for you, Minexbank is all they have accomplished

Yeah, given MinexExplorer,  Minexpay, Instabuy, WebWallet and couple versions of their desk ones were developed by join efforts of Apple and Microsoft.    If you're going to post here, you better learn the language.

minex web wallet without  ability to receive mnx hahah wtf are you talking about

[naska21]

FYI- Instabuy was a SCAM to sell to get rid of their premined coins

but they developed it opposite to your assumption they developed nothing except MinexBank    You're illogical boy.. better learn your language before bet  

What good has Minexbank actually done? It is useless and pointless if not backed up with a VISA crypto card

i.e. Mastercard doesn't work for you.  

 I'm bored of all  low IQ ppl  who are trying to screw others. I'm out of here. Will be back in a couple of weeks with  Mastercard in hand

[JimmyGTO]

What Development??? They have accomplished nothing in 20 months since ICO.

Sounds to me like a question  from novice who  fell for the oldest trick in the scroll. In those 20 moths you ask about they did more that the whole BitcoinCore team for their baby. Ask MinexCoin team to send you Y&Q reports and if they consider that you are a bit qualified in the areas of financial  soft development and good enough to comprehend blockchain based financial system they may answer your request.  But I think that  they will deal with a  boy in short pants involved in situations like this.

You failed miserably to answer the question   . I'll answer for you, Minexbank is all they have accomplished

What good has Minexbank actually done? It is useless and pointless if not backed up with a VISA crypto card

Minexbank does not rely on Visa cards to make it work and you know that!, I use Minexbank to park coins and gain 27.6% more coins that end up in my MNX wallet automatically once matured.