Thank you, at least you guys are honest
There are other projects offering interest or some kind of yield. How do you want to compete with them when your interest rate is lower?
Thank you
Yes, we know about other projects
But we offer entire ecosystem, not only the bank with the interest. The ecosystem is to stimulate demand for MNX and hence the price.
The products are to cover all the functions that fiat money does:
1. Means of savings and increasing the value. This role is being implemented by our first product, MinexBank.
2. Being equivalent of the value. External exchanges and our upcoming MinexExchange along with the new products, credit cards and ATMs help with this.
3. Means of payment. MinexMerchant, MinexMarket
4. Means of exchange. MinexPlatform
Hope I remember product accordance correctly
UPD: Sorry corrected points 3 and 4.
Anyway we have not seen a project which exactly the same system.