MinexCoin was created with the goal of enhancing the mass adoption of cryptocurrencies. Here’s our MinexCoin review.
What Is MinexCoin?
MinexCoin (MNC), is a decentralized payment system based on blockchain technology. Unlike other emerging cryptocurrencies that use Ethereum’s blockchain, MinexCoin uses bitcoin’s blockchain.
MinexCoin launched its initial coin offering (ICO) on May 15, 2017. That ICO will last 30 days, during which a total of 150,000 MinexCoins will be distributed.
One of the major selling features of MinexCoin is its low volatility. Unlike other cryptocurrencies, whose prices can fluctuate wildly, MinexCoin is designed to stay stable and strong over the years.
Of course, most cryptocurrencies make similar promises – so it remains to be seen if MinexCoin can live up to this goal. However, the developers have already announced certain supply/demand regulation tools (like parking) to ensure the currency is kept stable.
Nevertheless, MinexCoin claims that its low volatility makes it an attractive means of value storage and a reliable means of payment. Keep reading to learn more about how MinexCoin plans to be the next big cryptocurrency.
How Does MinexCoin Limit Volatility?
The developers of MinexCoin claim that they reduce volatility through the system’s autonomous algorithm called MinexBank. MinexBank is essentially a central bank. The central bank uses financial instruments to allow traders to earn from the exchange rate margin without harming the coin’s ecosystem.
Those financial instruments include an online shopping platform, a digital exchange platform, and an investment platform. As the developers of MinexCoin explain,
“The instruments available at Minex enable you to store your money safely, spend them with a couple of clicks, and even obtain guaranteed revenues by just helping the system to remain stable.”
In other words, MinexCoin will have high liquidity and more purchasing power than other digital assets. Together, these features will limit volatility and ensure the safety of the asset.
We’ll get more into the investment and shopping features of MinexCoin down below.
Parking With MinexCoin
Like certain other cryptocurrencies, MinexCoin lets you “park” your coins as an investment. Parking your coins will increase your stock and help to stabilize the financial system. When you “park” your coins, you temporarily suspend a certain amount of coins in your wallet in order to receive interest payments.
The developers of MinexCoin claim you can earn up to 70% returns per year for the amount of your parked asset without losing the option of using it at any time.
Spending With MinexCoin
MinexCoin lets you spend currency through the MinexMarket. MinexMarket lets you sell and buy any goods and services in exchange for MNC. This is a key feature of the coin’s high liquidity.
The developers of MinexCoin are also creating a MinexCoin debit card to make trading even easier, which would enhance the stability and value of the platform even further.
MinexPlatform lets you create digital assets and place them on the primary market. As the MinexCoin website explains, “The platform’s community will become the first investor of your project.”
On the investor side of things, MinexCoin allows investors to make an informed choice on investments while tracking the value of their investments over time.
In layman’s terms, MinexPlatform lets companies sell shares of their company – like digital tokens or crypto-assets – through the MinexCoin system.
A key part of the MinexPlatform will be the Minex Exchange, which is a decentralized online exchange that allows users to freely exchange tokens, currencies, and other digital assets that were created on the MinexPlatform.
MinexCoin is an upcoming cryptocurrency (MNC) and trading platform with ambitious goals. In addition to launching a stable cryptocurrency, MinexCoin plans to create a shopping marketplace, a MinexPlatform where people can create other digital assets, and a MinexBank. The ICO is taking place between May and June, 2017. Here’s the timeline:
- May 15, 2017: ICO begins
- June 15, 2017: MinexCoin enters circulation, and MinexBank is launched
- 1Q 2018: MinexPlatform
- 2Q 2018: MinexExchange
- 4Q 2018: MinexMarket
The development team is led by Boris Shulyaev (CEO and Founder), Ruslan Babych (CTO), and Vladyslav Zaichuk (Lead Blockchain Developer).
Ultimately, MinexCoin is a cryptocurrency based on bitcoin’s blockchain. The currency is designed with one specific goal in mind: stability and low volatility. The long-term value of the coin is based on an annual growth of 33.6%. The developers plan to reduce volatility using supply/demand regulation tools like market interventions and coin parking.