Hi guys, I have just read the minexcoin whitepaper, sounds very interesting.
A few points that I need to get figured out:
1) "Predictable and controllable annual growth of the coin’s price which correlates
with average annual price growth calculated for a portfolio of most popular
altcoins (around 33.6 per cent). "
The main purpose of MinexBank is to stabilize the exchange rate within the
range of no more than 5% of the previous day’s closure price.
How will this work? 33.6 % annual growth, predictable, but with max gain 5% per day, so if after 7 days after launch it will reach the annual growth rate and stall?
What I am missing?
2) Once the values are reached, stock markets halt the trading, thus preventing speculators and
misguided investors from dictating their own prices.
Did I read this right? If Minexcoin reaches it's 5% growth/day, you won't be able to buy, or sell, any minexcoin? Dude, what?
Topic: What do you think about minexcoin? (Read 460 times)
I have 4720 minexcoin, I am believing in the project what is your opinion about this coin?
this is good project,, with huge marketing strategy,
and now the ICO price is about 0.00149235 BTC with 10% bonus
4 days left until the ICO's end..
I hope it will be listed on Bittrex when the ICO's finish
It will take you to bittrex, just can not have a big spill
I have 4720 minexcoin, I am believing in the project what is your opinion about this coin?
this is good project,, with huge marketing strategy,
and now the ICO price is about 0.00149235 BTC with 10% bonus
4 days left until the ICO's end..
I hope it will be listed on Bittrex when the ICO's finish
How It Actually Works
The main purpose of MinexBank is to stabilize the exchange rate within the
range of no more than 5% of the previous day’s closure price. The five per cent
growth owes to the practice of global stock exchanges. Once the values are
reached, stock markets halt the trading, thus preventing speculators and
misguided investors from dictating their own prices.
Once the limit values of the five per cent range are reached, MinexBank has two
options: it either changes interest rates for parking payouts, or intervenes to keep
the price within the preset range. Coin parking and intervention are the basic
financial instruments used by MinexBank #minexcoin.com
I have 4720 minexcoin, I am believing in the project what is your opinion about this coin?
this is good project,, with huge marketing strategy,
and now the ICO price is about 0.00149235 BTC with 10% bonus
4 days left until the ICO's end..
I hope it will be listed on Bittrex when the ICO's finish
I have 4720 minexcoin, I am believing in the project what is your opinion about this coin?
this is good project,, with huge marketing strategy,
and now the ICO price is about 0.00149235 BTC with 10% bonus
4 days left until the ICO's end..
I hope it will be listed on Bittrex when the ICO's finish
I have 4720 minexcoin, I am believing in the project what is your opinion about this coin?
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