MinexBank: MinexCoin’s Trustless Crypto Banking iOS App?
MINEXBANK: Is This the Answer to Crypto Volatility
Although cryptocurrency is gaining popularity, mass adoption within our lifestyle is still a huge challenge to overcome. A significant factor in this situation has to do with the volatility levels in prices. As such, businesses and individuals shy away from using this digital currency. While accurately forecasting the prices seems nearly impossible, some ventures are tactically implementing a new form of algorithm to help lower the volatility of the coins.
MinexBank is a new venture that works on an algorithm to control the volatility of its ecosystem. The mechanism will work to regulate the Minexcoin and make sure the coin holders receive interest without having to buy or sell to any other user. The autonomous algorithm will overcome the volatility of the Minexcoin by acting by the principle of having a central bank. Consequently, controlling the price will result in a stable and reliable currency that you should expect to register a continued rise in price.
How the Ecosystem Works
In a nutshell, MinexBank will work through two tools of coin parking and intervention. The primary channel for control is through the coin parking, where users get a temporary suspension of some coins to earn an interest payment, based on their holding status.
Unlike regularly fixed depositing, you will not need to address the assets to any third party like the banks. The parking will only have you temporarily suspend a number of your digital currency in the wallet then earn interest from the parked coins you undertook to withhold.
How It’s Beneficial
- Security- the MinexBank has a unique security protocol with a two-factor authorization system and a fingerprint verification for those with mobile devices. The high tech security is to prevent cases of unauthorized access to the account.
- Convenience- for those with an Android or iOS device, you can get updates of your MinexBank account through the mobile application. The user-friendly app has an interface that you can learn in the shortest time possible.
- Privacy- apparently the MinexBank keeps no record of any personal information of the users, and the wallet address is the only essential for any transactions.
- Transparency- the users can get a report on all operations in real time without any delays.
- Support 24/7- another significant gain with MinexBank is the access to a support service for the users with any queries. The support is available 24 hours a day, seven days a week.
- No intermediary- the act of parking your Minexcoin requires you only freezes the funds in your wallet and earn your interest from there. Other projects would entail sending the token to a central deposit account or exchange.
Why You Should Get on Board
The MinexBank project is a rather ambitious project for the blockchain world. Although their concept is not that unique, the cryptocurrency has achieved in outright the notion of volatility.
That capability has not gone unnoticed as Minexcoin has gained a reputation over the last few months. And the status is having a positive impact on the value of the crypto as it is evident with the rise of over 150% in just 30 days. Their interest rate is the major selling point with the profitable percentages. It would be wise to get on board and take advantage of the cryptocurrency's value at an early price of $27.