Something that sounds "wow", of course minexcoin offers the advantage of low volatility and stable exchange assets. Minexcoin offers innovative solutions that create an autonomous financial system that meets the demands of all three types of market participants (traders, investors and users of cryptocurrencies).
Minexcoin will maintain volatility in the 5% range achieved independently with traditional financial tools. Developers believe that a controlled nutrient of spikes over time will make the asset coins profitable for investors. Coin parking, which is a second diminexcoin volatility control tool, is expected to meet medium-term and long-term investment strategies. What is the main support of minexcoin?
Minexcoin supported by minexbank is a smart algorithm that independently takes action to maintain MNC prices in predictable corridors, which encourages the coin holders to buy, sell or store assets depending on the supply and demand balance at any given time. Minexbank is a closed-source application, although some Of its features that can be accessed by users through the official site. On minexbank, the user can trace the existing interest rate for parking payments, by asking a request to receive interest for the coin parking operation. Minexbank uses hybrid governance, which implies that algorithm decisions are monitored by a group of professional economists. As for assessing market conditions, the minexbank will call the asset price on the main exchange, which is where the minexbank store exchanges, buys and sells its assets. After the above explanation we can conclude that the main purpose of minexbank is to stabilize the exchange rate in the range of no more than 5% of the price of the previous day's batch. Five percent growth owes to global stock exchange practices after the values achieved, the stock market, stop 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 2 options: it either changes the 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.
Parking means that coins are voluntarily withdrawn from the market by users who temporarily suspend them in their wallets. Users will be able to choose the type of parking depending on the time they do to store coins in their wallets without using them online. There are three types of parking:
- Day 24 hours
- Month 30 days
- years 365 days
coin distribution
MinexBank
buys or sells MinexCoin,To keep the exchange rate within a predetermined range.
Initially, MinexBank has MNC reserves with continuous options Fill it so that the system can work on a long term basis andSuppress speculative attacks possible.The initial reserves are formed by a premining 1,500,000 coins. Once there is moreMinexCoins in the market due to additional issuance (employee benefitsMiners), the backup should be replenished and eventually expanded.Growth will be guaranteed by a progressive percentage of payments to
MinexBank for each block is completed with the miner.
Block 1-900 001 = 20% block 900 001-1 800 000 = 30% block 1 800 001-2
700 000 = 40% block 2 700 001-3 600 000 = 50% block 3 600 001-4 500 000
= 60% block 4 500 001-5 400 000 = 70%
Initially, MinexBank has MNC reserves with continuous options Fill it so that the system can work on a long term basis andSuppress speculative attacks possible.The initial reserves are formed by a premining 1,500,000 coins. Once there is moreMinexCoins in the market due to additional issuance (employee benefitsMiners), the backup should be replenished and eventually expanded.Growth will be guaranteed by a progressive percentage of payments to
MinexBank for each block is completed with the miner.
Block 1-900 001 = 20% block 900 001-1 800 000 = 30% block 1 800 001-2
700 000 = 40% block 2 700 001-3 600 000 = 50% block 3 600 001-4 500 000
= 60% block 4 500 001-5 400 000 = 70%
more info about minexcoin program download whitepaper
or visit original thread https://bitcointalk.org/index.php?topic=1847292.0
Coin parameters
Total amount: 19 000 000 MNC
Block rewards: 2.5 MNC
Hashing algorithm: Mars
Block size: 2 MB
Block time: 2 min 45 sec
Total amount: 19 000 000 MNC
Block rewards: 2.5 MNC
Hashing algorithm: Mars
Block size: 2 MB
Block time: 2 min 45 sec
Details of ICO and token distribution
https://minexcoin.com/ successfully made the first round of ICO (Subscribe), securing pre-subscription for 2 million MNC and building a strong community of investors.
During the second round of ICO there were only 150,000 MNCs to be sold. The purpose of Phase Two is to determine the market price of the coins immediately before entering the exchange. The price will be calculated according to the following formula:
Y = (X + Х1) / Z
Where Y stands for market exchange rate (the basic value in the MinexBank algorithm); X for the volume of investor funds involved; X1 for the absolute bonus volume accrued by the original participant; Z for the number of coins available for ICO.
Phase Two will run from 15 May 2017 to 13 June 2017 visit https://minexcoin.com/
author minexcoin link https://minexcoin.com/ref/6066
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