Price down with pos.
It is not POS coin. It is full POW plus parking. 
Topic: Minexcoin - A new era of payments - page 469. (Read 646771 times)
Price down with pos.
why the price is dropping so much 
Many coins and tokens are falling due to Bitcoin's crash. But Minexcoin's USD price has not fallen to that.Actually we have to compare in relation to the dollar value, because it really is to compare in BTC, the value fell a lot, since it came to cost 0.0049 BTC
Price seems to stabilize at the 17-18 dollar range. I think that people see that bitcoin is falling, they invest in minexcoin. If bitcoin rises, they dump minex and go with bitcoin, thus always keeping a stable USD price. I think once this coin goes to multiple exchanges, it will continue to grow gradually because it is harder to manipulate the price with multiple exchanges.
Minexcoin Info:
Hashrate: 41.97 MSol/s Difficulty: 1.7562642369021
MinexBank Rates:
Daily: 0.52% Weekly: 3.3% Monthly: 19.5% Yearly: 70%
Price of MNX: $17.63
Hashrate: 41.97 MSol/s Difficulty: 1.7562642369021
MinexBank Rates:
Daily: 0.52% Weekly: 3.3% Monthly: 19.5% Yearly: 70%
Price of MNX: $17.63
price in bitcoin and USD keep declining. last month it was stable at $20-$30 but now only $17 below. hope this coming year it will recover.
Just to extend your knowledge. Token is more wider notion than coin. Every coin is a token but not every token is a coin. Things depend on implication of the balance on the concrete address in blockchain. So MNX can be refered to either as token or coin.
Coins are digital assets that operate solely as currencies, and they reside on their own blockchain.Tokens represent assets or utilities that are fungible and tradable, and they exist on top of a blockchain.
This is a coin because it is a currency. That is its whole premise, being a low volatility currency. If they create their market place and allow businesses to operate on their blockchain, then those businesses will likely be able to create their own tokens for use on top of the MNX blockchain.
Unless Minex opens up its platform in such a way to allow tokenizing real world assets through them directly, then Minexcoin itself will probably never actually be/operate as a token.
This (and your other comment) is valuable info, explained simple and clearly. It should be placed somewhere for reference (maybe a sticky?!).
Minexcoin Info:
Hashrate: 41.97 MSol/s Difficulty: 1.7562642369021
MinexBank Rates:
Daily: 0.52% Weekly: 3.3% Monthly: 19.5% Yearly: 70%
Price of MNX: $17.63
Hashrate: 41.97 MSol/s Difficulty: 1.7562642369021
MinexBank Rates:
Daily: 0.52% Weekly: 3.3% Monthly: 19.5% Yearly: 70%
Price of MNX: $17.63
It is no news about new exchanges atm. It will be no auto repark in Minex bank ever, because people loosing their wallets and that mean funds from bank will be lost as well if there was turned on auto parking. I think it is not so hard to do few clicks once a week or month.
Ok, understood your point that funds from the bank may be lost but I disagree about the convenience. Since weekly interest rates are more unfavorable compared to daily rates compared to 1-2 months ago, I'd rather stick with the daily rate now.
Still you could add some more user convenience, e.g. send an email after an expiry of a parking (as a reminder). You could even offer to "repark" the same amount by clicking a link in that email. Note that I understand that the bank may still lose funds but you could limit that to a maximum of X times (e.g. 6 for daily, 1 for weekly, none for monthly and yearly). It also has a positive effect of keeping in touch with Minexcoin holders. Overall, I would strongly advise the Minexcoin team to be always very and possibly more communicative - keeping the community here and in the web engaged (including silent readers like I typically am).
why the price is dropping so much
Many coins and tokens are falling due to Bitcoin's crash. But Minexcoin's USD price has not fallen to that. Well then, at least e-mail reminder for reparking, would be good enough.
Me too.I think that not only the notification of the parking rate but also the notification of the parking end should be done by e-mail.
why the price is dropping so much
Asking myself the same question for a coin that started extremely well but then started going down hill, listed in only 1 exchange does not help the situation
I suggested times ago an dynamic gif with daily/weekly and montly interests to put in the signature of this forum
why the price is dropping so much
I'll do Indonesian translation if needed 
setuju gan, atau mungkin dibuat komunitasnya sekalian
Well then, at least e-mail reminder for reparking, would be good enough.
It is no news about new exchanges atm. It will be no auto repark in Minex bank ever, because people loosing their wallets and that mean funds from bank will be lost as well if there was turned on auto parking. I think it is not so hard to do few clicks once a week or month.
Ok, understood your point that funds from the bank may be lost but I disagree about the convenience. Since weekly interest rates are more unfavorable compared to daily rates compared to 1-2 months ago, I'd rather stick with the daily rate now.
Still you could add some more user convenience, e.g. send an email after an expiry of a parking (as a reminder). You could even offer to "repark" the same amount by clicking a link in that email. Note that I understand that the bank may still lose funds but you could limit that to a maximum of X times (e.g. 6 for daily, 1 for weekly, none for monthly and yearly). It also has a positive effect of keeping in touch with Minexcoin holders. Overall, I would strongly advise the Minexcoin team to be always very and possibly more communicative - keeping the community here and in the web engaged (including silent readers like I typically am).
It is no news about new exchanges atm. It will be no auto repark in Minex bank ever, because people loosing their wallets and that mean funds from bank will be lost as well if there was turned on auto parking. I think it is not so hard to do few clicks once a week or month.
Ok, understood your point that funds from the bank may be lost but I disagree about the convenience. Since weekly interest rates are more unfavorable compared to daily rates compared to 1-2 months ago, I'd rather stick with the daily rate now.
Still you could add some more user convenience, e.g. send an email after an expiry of a parking (as a reminder). You could even offer to "repark" the same amount by clicking a link in that email. Note that I understand that the bank may still lose funds but you could limit that to a maximum of X times (e.g. 6 for daily, 1 for weekly, none for monthly and yearly). It also has a positive effect of keeping in touch with Minexcoin holders. Overall, I would strongly advise the Minexcoin team to be always very and possibly more communicative - keeping the community here and in the web engaged (including silent readers like I typically am).
Just gives a bit more exposure to the coin, people will be able to trace its history soo they can decide when will be the best moment to join the coin, im waiting the exchange wich minexcoin team is working on, im pretty sure those will make the coin to reach another leve, and i really hope we can trade mnx against more pairs then the livecoin does provide.
I like this coin and the concept. One suggestion for further enhancement of the parking of Minexcoins: would be great to have a feature to "repark" your Minexcoin parkings once a parking matures.
Any news on additional exchange listings? This should also support Minexcoin's price.
It is no news about new exchanges atm. It will be no auto repark in Minex bank ever, because people loosing their wallets and that mean funds from bank will be lost as well if there was turned on auto parking. I think it is not so hard to do few clicks once a week or month. Any news on additional exchange listings? This should also support Minexcoin's price.
I like this coin and the concept. One suggestion for further enhancement of the parking of Minexcoins: would be great to have a feature to "repark" your Minexcoin parkings once a parking matures.
Any news on additional exchange listings? This should also support Minexcoin's price.
Any news on additional exchange listings? This should also support Minexcoin's price.
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