If Minex does not cancel parking option,Minex bank will bankrupt for at most 4.5 months.
Good point but they are intended to reduce the parking rate after card launch. It was announced in telegram group and therefore there is nothing to worry about.
The 172.000 mnx that thunder jet was referring to was before the last change. And has since been reduced considerably
Reserve will last alot longer then the 4.5 months he's suggesting.
It is 127500 per month not 172.000.It is not mine number ,but from Minex official report. Yes,parking annual rate decreased to 70% ,but volume of parked coins increased.
If we took relative conservative CMC estimation, there are now about 1.6 millions of MNX at parking(total - circulating supply).At month rate of 5.83% ,Minexbank have to pay about 93280 coins per month.
Minexbank has 575000 coins ,so it will last max. 6 months.
Also we can take another ,possibly even better estimation.Till parking rate decrease in May, Minexbank paid 400000 coins as parking interest and had 1.1 millions MNX in bank.Now Minexbank has 575000 coins.It paid about 525000 coins for 6 months or 87500 per month.With this rate, Minexbank will last max. 6.5 months.
Both estimations have very close results,which gives them much more credibility. In reality Minexbank will last less,because of constant increase of parking coins.How less ,hard to estimate due to difficulty to make precise calculation of parking coins increasing rate.
