Topic: Minexcoin - A new era of payments - page 190. (Read 646785 times)

Dear bcfkm, thank you for your analysis and opinion.

Please be assured that the team does have strategies, which are not to be disclosed.

In the meantime we do read all community opinions and take into cosiderations any ideas or thoughts we find.

I'm pleased that some people have responded to my posts with some suggestions and arguments. I'd really like to debate this some more.

For the record, I have a fairly decent amount of MNX. I am pleased with the reporting from the Minex Team and very interested in the project. It's absolutely not my intention to troll or attempt to disrupt the community.

I hope my posts come across as constructively critical. The whole ecosystem being built up by the team may fail for the worst reason... because MNX can't hold it's market value.

I think we are still waiting to see the impact of the VISA cards. There were some keen early adopters, myself included. Again for the record, I have passed my KYC checks and eagerly await my card delivery.

But surprisingly to me... enthusiasm for the cards is much lower than I was expecting. I base this on the published number of attempted KYC submissions (475). I hope that the thousands of other unpaid registrations are waiting to see the first few successful transactions reported and jump on board.

Analysing things more has led me to the conclusion that the strategies used to kick start this project may well cause its demise if not addressed within the next couple of quarters.
(See my previous posts for my reasoning)
https://bitcointalksearch.org/topic/m.43842794
https://bitcointalksearch.org/topic/m.43860515
https://bitcointalksearch.org/topic/m.43861585


Can someone from the Minex team offer any feedback on this? Have you any strategies planned to encourage more buy-volume in the market?

What we need is more volume, other than the periodical dumping of parking interest.

I expect the coming weeks might be particularly bad for MNX price as the first quarterly parkings are due to mature.

The launch of the exchange for new coins.


Launch New Exchange Bounty !!

0.001 BTC Bounty !!

https://www.bitrocketexchange.com

-------------------------------
0. sign up (https://www.bitrocketexchange.com)

1. Write your bitrocket ID

2. Deposit minimum 0.001 bitcoin into your Bitcoin wallet on the Bitrocket exchange

3. Send to E-mail : [email protected]

***E-mail Form is***
Subject : Bitrocket bounty
- your bitrocket ID :
- Deposit minimum 0.001 Bitcoin and Screencapture
- Your BTC address

4. with in 48 hours send to 0.001 BTC

Raindrop is multi-factor authentication. It allows for platforms to secure access to their systems...
what is BIG benefit from this?

 btw tell Peter to came out of CZ ass, he will not got listing in that way

https://athcoinindex.com/price/page/all
#203 MNX  -92.31% to ATH price. In just 6 months, congratulations!

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

That pos is good and all. But let's face the facts. Only a small number of retail businesses around the world will such that PoS while every retailer in the world already has a PoS supporting meastro, mastercard and visa.

With minexpay all retail businesses are covered. Pundix is and will remain a niche market.

That pos is good and all. But let's face the facts. Only a small number of retail businesses around the world will such that PoS while every retailer in the world already has a PoS supporting meastro, mastercard and visa.

With minexpay all retail businesses are covered. Pundix is and will remain a niche market.

Peter (not giving crypto away)
‏

 
@Peter_minexcoin
 8h
8 hours ago
 
 
More
Had a chat yesterday with @HydrogenAPI, talking about the implementation of hydro raindrop. It appears we will be the first crypto project to do that.

 


 
Peter (not giving crypto away)
‏

 
@Peter_minexcoin
 Aug 10
 
More
Hello to our community. Today, I will share some news about the newly forming ADVISORY BOARD for @minexcoin. VIPs are joining our project!


https://www.hydrogenplatform.com/

clever twist on a Bitconnect style Ponzi.

thank you for the additional info.

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

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

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

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

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?