Guys, like you I'm very happy of what is happening to MinexCoin... But don't be in a hurry to be listed on Poloniex or Bittrex too soon.
For sure, the coin chart is by far the best I have seen for a new coin... and this is thanks to the minexbank combined to the anti-volatility algorythm. But even if it has worked well for its first month, it needs to proove its efficiency on a more large period imo, in order to be mainstream. And staying one or two month on a more little exchange like livecoin allows to better control the volatility.
Keep in mind that after entering into Bittrex/Poloniex & co, the marketcap will be 10x what it is today, and I have some doubts that with a such volume the Minexbank+anti-volatility algo will be able to handle this huge marketcap.
Just my 2 cents. Wait a bit, let the team earn some more BTC... in order for them to better handle the future pumpers/dumpers group.
damn this is inspiring and well written. congrats sir and thank you. wish you all the best
LOL
130.000 were distributed, so the devs are hodling from 3.000.000 about 95%. normal are down from 70%
there is an interest rate of 70% yearly just for staking. thats huuge inflation.
that are two knock-out criteria for getting listed on serious exchanges.
just my 5 cents
Is it really 130,000?Seems like someone has not done his research really well. There is a first ICO that happened way back 2016 and all the coins are sold out during that period. They collected a total amount of 2882 BTC on it's first ICO.
There are total of 5.5m premined coins divided in the following
1st round of ICO : 2,550,000
2nd round of ICO : 150,000
Minexbank Reserves : 1,500,000
Bounty : 300,000
Minexcoin's developer and advisors capital : 1,000,000
1st round of ICO was a sold out. Half of it are bought by their partner bank. Raising total amount of 2882 BTC.
1m+ minexcoin are locked and it is owned by a bank. So there's no way this 1m can do parking and receive parking rewards. You can check bchain.info and see the rich list there. See if there's any transaction or proof that their partner bank is also parking their coin.
2nd round of ICO was for determining the price of Minexcoin. You can check out their ICO page. It's still active.
Minexbank Reserves are only reserves and not a devs share. This is where they get their parking rewards. Minexcoin is not POS. It's a POW! Part of
Minexcoin's block reward get directly to minexbank reserves.
Now that's your 1,000,000 MNX. That's what Minexcoin devs hold for the future improvements of their project.
So the total Minexcoin's in circulation now is 5,500,000 + (Number of blocks * 2.5)
Coinmarketcap only list 3M coins because almost 2.5m is locked out and that 3M coins is consist of the 2nd round of ICO investors, the bounty holders, and 1st round of ICO small time investors and the Minexbank reserves.
Do due diligence and research first before throwing statements that you didn't even verify if it was correct or not.