Can you tell what will be the advantage for implementing atomic swap on minexcoin? I'm new in this kind of stuff and I'm still holding my MNX that I bought to my friend before the exchange announced . Will this affect the price of the coin.?
Now Minexcoin can be changed with pair MNX/BTC without using exchanges. Plus MNX will create it own decentralized exchange. That will affect coin price to go strongly up when people will realise what is Atomic Swap. In the beginning of April we will get GUI for Atomic Swaps and it will be very easy to do trades without sending coins to the third parties.
BarterDex been around for awhile with Komodo, and hasn't helped the price of that coin in the slightest.
If the price of Minexcoin is to rise, it will be because new people start buying it. PERIOD
Perhaps an exchange will help adoption, but I am not so optimistic as everyone else(that doesn't mean I am not invested, and want Minexcoin to rise in value). I would say decentralized exchanges are intimidating to most, and will certainly require more time for mainstream adoption.
If Minexcoin wants adoption to grow in the near term, heavy marketing would have a stronger effect than most of the things on their roadmap, aside from a debit/credit card to allow people to turn MNX into fiat, but I wouldn't actually expect that anytime in the near future, as most of the coins/tokens that have attempted it have failed miserably getting any arrangement with Visa or Mastercard, which despite whatever argument people are waiting to present to my post, is needed if you actually want to be able to use a card to buy goods in the real world.
So the bottom line is there are about 10,000 MNX parking accounts in the whole world(I dunno that's a guess, but I think its pretty close, Temhuk will correct this). The reason the price holds as well as it does has do do with people parking their coins I suppose. There is absolutely some of the lowest volume for MNX compared to most coins/tokens with similar market caps. If 1000 people decided to sell MNX tomorrow, the price would be fucked due to the thin order book. I wouldn't actually expect much to happen to Minexcoin in the near future until they ACTUALLY try to attain new users, which I see little of.
Now everyone will get pissed at me, and tell me how wrong I am, bottom line is 200k in volume is a lot for MNX, its really only sold on Livecoin, which is a very small exchange, and the coinexchange has minimal usage. Who knows how much of that volume is done by the devs, as they write in the whitepaper that price manipulation is a tool to be used by the team. So lets hear a bunch of BS boys on why the price of MNX is going to rise, bc unless some new people ACTUALLY start buying it, why would it happen??? And don't tell me a bunch of new people will buy using a decentralized exchange bc thats not correct or true.
So what we need for MNX to succeed is to be on a REAL exchange, not some minexcoin made DEX. What we need is a strong marketer for the team. What we need is new people to learn about Minexcoin, and start putting money into it, and a lot more than 200k a day. Until this changes, nothing is ACTUALLY changing, no matter how much tech happens in the background, or how much Temhuk tells us something amazing is about to happen, its all smoke and mirrors, and the volume certainly doesn't justify the marketcap.
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