Who else is paying the kind of interest Minex is paying for "parking" the coins while keeping them in your wallet? If I could afford to buy ALL of the MMX coins for sale I would just for this feature alone! lol
How are things going for Minexcoin holders? A 99.9999% price decrease from its peak price is a reality.
Answer my question: Who else is paying the kind of interest Minex is paying for "parking" the coins while keeping them in your wallet?
It is completely useless because inflation rate is much higher than parking rate.
The current MNX parking rate is 30% APR. The inflation rate for the USD is 1.8% to 2.1%. How is the inflation rate higher than the parking rate?
I was thinking on MNX coin inflation,not USD. MNX fell from $70 to $0.11 or 636x - the same if BTC went from $19666(Bitstamp ATH) to $31. So you can see how MNX performance is utterly disastrous.
Devaluation through huge hyperinflation made parking completely useless.MNX market is so tiny and with selling millions of premined coins ,Boris made catastrophe for investors,shredding market in pieces.
Failures with payment cards is nothing in compare with damage made by selling millions of premined coins to the point when market went into irrecoverable situation.Boris used funds to finance AR game,his private project with no any gain for investors instead to fullfill Whitelist promises,Minexbank didnt intervene one single time , "infamous" algorithm for price correction never existed .....
Failures - scams - lies , so it is no suprise where is MNX price now.