thank you for so rich text. but Minex bank will not do Interventions for buying or selling coins to keep price on same level. May be there is that mehanism, but it is not for daily use. parking % will be adjusted like: as price go lower, so the % going higer, and same to oposite way. But price will go up from ICO for 33% yearly. That mean if ICO price now is 0.0023 and parking % is 0.08% per day in one year price must be 0.003059 to keep same 0.08% per day. May be it looks not so much but do not forgot about BTC price rising. Example you invested today 1 BTC(4000$) to mnx for ICO price and You did profitable parking at the moment for one year(70%). So you parked 434.78 MNX, ater one year you will get 739.13MNX on your balance and each coin will be worth 0.003059BTC and it is 2.261BTC(9044$) at todays price. But nobody can know BTC price afer one year.
You missing the point here. I am quoting the Market Interventions because it is the Core of Minexbank algorithm.Contains the Adjustment of Parking rate and also Buying and Selling of MNX at exchanges. The hybrid governance are also mentioned in the whitepaper. Minexbank is programmed to do that. Hybrid Governance are applied when the coin hits exchanges so that they can make adjustment with the system.
This has not been tested yet. I'm not talking about the future price. I just give my insight when MNX hit the exchange.
Exchanges have API's. This can be used for Minexbank to initiate the control over volatility. 1 by 1 we will see the result. Resources are also needed to control the volatilit like the mentioned from above(BTC-USD-MNX). This 3 major resources are needed to control the coin volatility but we will only be able to see it maybe a year or so. The primary basis now should be BTC.
We participated in the ICO due to the advertised stability control of the coin value. I will monitor and look closely with the market once it hits exchanges.