MinexCoin, an ambitious project by MinexSystems based on low volatility cryptocurrency, has unveiled the final date for the start of its exchange listing – set for November 1, 2017. MinexCoin or “MNX” by its ticker offers an innovative solution that contains both traditional finance system and Blockchain expertise for solving a high volatility problem habitual for most cryptocurrencies.
While seasoned traders get high profits from speculating on exchange margins, there are still risks pertaining to uncontrollable price fluctuations scare rookie users and online businesses away from cryptocurrencies. MinexCoin is developed specially to solve this problem and to help the average user to receive understandable and stable crypto asset.
MinexCoin combines best solutions of the conventional fiat currencies and the Blockchain ecosystem. It is based on the Bitcoin software, but unlike other altcoins, this coin is designed to stay stable and strong while its price growths permanently. To tackle the issue of high volatility MNX is using an automatic algorithm resemble the actions of central banks that maintain the cost of their national currency and actually called MinexBank. To stabilize MNX’ rate MinexBank uses two main instruments – coin interventions (like a real central bank) and a tool named “Parking”.
In a nutshell, Parking offers every MinexСoin holder a temporary suspension of coins in order to receive interest payment instead of selling or bringing coins to the market. Unlike traditional depositing systems which imply you to give your assets to a third party like a bank, parking only means a temporary suspension of the amount of coins designated by you in your personal wallet. If the need arises to use the suspended coins before the parking term ends, you still may spend it to get more profit from selling your assets for a better price or from RE-parking for a better percent.
“The World is showing a demand for digital products that can bring fresh ideas and solutions not only to the professional crypto community but to everyone who makes the first step in discovering the Blockchain and crypto industry,” said Boris Shulyaev, founder and CEO of MinexCoin.
“Only after a year since the presentation of the MinexCoin’ concept, we’ve already built a competitive and fully working product. During that time we managed to gather a professional team, finish an ICO, launch our own mining pool with miners around the world, create, test and release MinexBank with its unique algorithm, and get to the stock exchanges’ listing. Besides, it’ll start on November 1. 2017 at Livecoin.net. Other results are also optimistic.”
- >20,000 MinexWallet downloads
- 180,000 parked MinexCoin
- 1500 active users of MinexBank
- and >17,000 participants in the official Minex community”
Based on the cryptomarket analysis controllable annual growth of the coin’s price would correlate with average annual price growth calculated for a portfolio of most popular altcoins (around 33.6 percent). However, in the long term, MinexCoin might be a multi-purpose tool equally useful for trading, investment and routine financial operations.