Is MINEX SYSTEMS the Solution for Crypto Volatility?
The world of cryptocurrency has always faced the challenges of the high volatility of their values. As a result, this makes cryptos mostly unpopular when it comes to using for financial transactions, especially with merchants. And although crypto traders can gain from this volatility levels, businesses can end up incurring huge losses. However, blockchain ventures are finding innovative ways to increase the stability of the digital currency.
MinexSystem MNX is a blockchain venture with the goal of achieving a global ecosystem of cryptocurrencies with minimal volatility. The platform expects to overcome the price instability through a special autonomous algorithm on the MinexCoin token. By regulation, Minex systems will employ the tradition central bank model to control the value of their crypto.
The price of the coin will work through regulated interest rates, and parking by the Minex ecosystem members. The coin parking model will entail members to hold a number of their coins in an address for a specified period. The concept works to control the speculative buying and selling always witnessed with cryptocurrencies.
What Are the Features of MinexSystems MNX?
To solve the issues of an adequate and stable currency, Minex is set to use four features on its ecosystem. First off, is the Minex Bank for the platform’s cryptocurrency. For the volatility of the MinexCoin to be controlled Minex system had to come up with a blockchain bank. The bank will act as the traditional financial institutions, and stabilize the exchange rate of Minexcoin on a daily basis. That will be done using a response algorithm that works to correct any volatility of MNX using coin parking and coin intervention.
Additionally, there is also a Minex platform to connect startups with investors. The platform will let users create digital assets and sell them on the portal main's market Minex Market.
Another critical part of the features is the Minex Exchange, which will accommodate the exchange of tokens, cryptocurrencies and other digital assets from the MinexPlatfrom. With a decentralized model, the transfer will allow users to control their transactions through the use of private keys.
To give the users, convenience MinexSystem also have a wallet to accommodate the trading or exchange of MNX. The portfolio will also allow for the parking of Minex tokens to control the volatility of the coin on the ecosystem.
The Good Side
Regarding advantages, Minex system promises to offer a way faster mode of transactions. Much of this goes to the ecosystem claims to reduce the amount of block size and time taken to authenticate a transaction.
Another positive gain comes with the low volatility from Minexcoin. Although many tokens promise of minimal fluctuations, most fail to deliver on their promise. Minex systems have found an ingenious way to keep their crypto value under control through their Minexbank services.
MinexSystems MNX ICO Conclusion
Whereas there are dozens of similar platforms, Minex stands out with its unique feature. The main selling point lies in how their cryptocurrency works. With other cryptos, the value keeps fluctuating whereas in Minex the token will be under the control of MinexBank. Most of all, solving the problem of cryptocurrency volatility will be a considerable boost in Minex's reputation.
All-in-all, Minex has the potential to become a market leader in conventional financial systems, and I anticipate it will offer stiff competition to our existing business models.