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Fintech Volatility Regulators MINEXBANK Hit the Exchanges with their Autonomous Algorithm Project, See a 9-Fold Increase in Price

Bitcoin Press Release: Minexcoin celebrate their third week of being officially exchange listed, and announce a 900% increase in price over that time frame, seeing recognition from CoinMarketCap as one of their “Biggest Gainers”

November 22nd , Hong Kong, China – About three weeks ago Minexcoin was listed on exchanges and presented a Memorandum of the autonomous algorithm for volatility regulation, known as MinexBank. We took a second look at this project to see how’s it going.

In a matter of weeks, MNX managed to achieve a 9-fold increase in price, and got into the “Biggest Gainers” list on CoinMarketCap, and strengthened at the price of $11. Now, as developers explain, the algorithm is being calibrated and the control over volatility will be ensured after reaching a price of $20 per coin. For those who are looking for mid- and long-term investments, it would be useful to read the Memorandum again.

MINEXBANK MEMORANDUM

for the period of 2017-2018

Dear members of Minexcoin community and the cryptomarket participants.

While entirely recognizing our responsibility to reach the main goal of Minexcoin project, namely, securing MNX with the status of reserve currency on cryptomarket, we at MINEXBANK would like to address you with this Memorandum.

From the moment of starting MNX trade at the stock exchanges on November 1, 2017, MINEXBANK is going to consistently process complex financial policy which aims to ensure the following macroeconomic indicators:

  • Reach the exchange rate of 20 USD/MNX in the near future – average rate through the basket of the top 10 cryptocurrencies.
    Provide an increasing exchange rate of MNX to USD upon reaching the above-mentioned rate by the end of 2017 on the basis of 42,7% annual growth. This level corresponds to average annual growth of market capitalization of the top 10 cryptocurrencies in 2016 – Q1 2017.
  • Next revision of the MNX growth rate to USD will be effected on March 1, 2018.
  • After March 1, 2018, the average annual growth rate of MNX to USD would be revised upwards based on realities of cryptocurrency market development. This is characterized by the significant growth of joint market capitalization in 2017 as compared to 2016.
  • The base annual parking rate of MNX will be reviewed every 6 months based on the assessment of changes occurring in the cryptocurrency market for the expired period. Based on the analysis of the growth rate of the cryptocurrency market for the last 6 months, the base annual parking rate is set at 85% now.
  • Special reservation: During the three months from November 1, 2017, there will be a period of creation and development of the MNX exchange market. The market will be formed in stages due to different terms of trades launching on various exchanges. In addition, there will be a process of testing and debugging the algorithm of Minexbank’s operation in real conditions (the development of a database and response tools). Therefore, deviations from the real macroeconomic parameters declared in the Memorandum are possible in the first three months.
    MINEXBANK will seek to achieve the above-mentioned indicators using corresponding parking rates of MNX or with direct BTC or MNX interventions, if necessary.

The total volume of preliminary MNX emission is 5 500 000 MNX. MINEXBANK’s reserve is 1 500 000 MNX out of the above-mentioned amount. The developers’ compensation is 1 000 000 MNX.

Developers have decided not to bring their coins to the market until the end of 2017. Hence the net money supply is 3 000 000 MNX while MINEXBANK reserve is 50% out of the net money supply. This testifies high level of the Bank procedures’ durability provided to stabilize the MNX market.

With the increase of the MNX volume in the market due to additional emission (work and miners’ reward) a gradual replenishment and increase of the reserves amount will be required. This growth will be ensured by a progressive percentage of deductions in favor of MINEXBANK for each unit unraveled by the miners:

  •   Blocks       1 – 900 001 = 20%
  •   Blocks       900 001 – 1 800 000 = 30%
  •   Blocks       1 800 001 – 2 700 000 = 40%
  •   Blocks       2 700 001 – 3 600 000 = 50%
  •   Blocks       3 600 001 – 4 500 000 = 60%
  •   Blocks       4 500 001 – 5 400 000 = 70%
  • After the coin issue is completed, starting from block number 5 400 001, miners will deduct a fixed 70% in favor of MINEXBANK.

We’d like to pay special attention of the MNX market participants to the following circumstance. MINEXBANK’s activity will be aimed at keeping the MNX quotes to USD within the 5% range of fluctuations relative to the representing the estimated growth rate of 42,7% per annum from the rate of 20 USD/MNX.

MINEXBANK urges all market participants to refrain from making deals outside the 5% corridor of  the exchange rate fluctuations in order to avoid possible financial losses.”

About MinexSystems

Minex Systems Limited”, a Hong Kong registered company, specializes in the blockchain product development. The company offers solutions which include the best of both conventional financial system and cryptocurrency ecosystem, and works on the unified Minex Platform. To date, the flagship product is an autonomous algorithm for controlling the volatility of MinexCoin named MinexBank.

Visit the Minex Systems Website: https://minexsystems.com/
View the Memorandum:https://minexbank.com/index.php?r=site%2Fmemorandum

 

Disclaimer: Minex Systems is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. ROI cannot be guaranteed. Readers are urged to make investment decisions at their own discretion and the company will not be responsible for the outcome of such decisions. This press release may contain certain forward-looking statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations they are based on will occur.

The post Fintech Volatility Regulators MINEXBANK Hit the Exchanges with their Autonomous Algorithm Project, See a 9-Fold Increase in Price appeared first on Bitcoin PR Buzz.

Source: Bitcoin Press Releases
Fintech Volatility Regulators MINEXBANK Hit the Exchanges with their Autonomous Algorithm Project, See a 9-Fold Increase in Price

MinexCoin, a Great Investment Prospect with Its Price Poised to Grow

Bitcoin Press Release: Investing in MinexCoin turns profitable as the renowned blockchain platform’s ICO progresses.

May 28, 2017, Kyiv, Ukraine – MinexCoin, the cryptocurrency fueling MinexEcosystem is set to grow strong as the blockchain platform continues to raise funds through the ongoing ICO. The cryptocurrency platform is witnessing an increase in demand for MinexCoin, which combined with low levels of additional emission, by design will result in its increased value in the coming days.

A simple analysis of demand and supply dynamics by factoring in the platform’s characteristics shows that the platform is designed to generate 2.5 minexcoins every 165 seconds, which is about 1310 minexcoins per day. A sum of 262 minexcoins out of the daily total will be reserved by the MinexBank algorithm, while the rest (1048 coins) remain with miners. The limited daily supply pressure on MinexEcosystem is only about 0.02% of the total number of tokens on initial offering. As miners tend to frequently liquidate the earnings for Bitcoin, the newly minted minexcoins flooding the market will increase supply, which will ideally affect the cryptocurrency’s value in a negative fashion. However, until the launch of MinexPlatform, MinexExchange, and MinexMarket, the existing MinexBank will continue to play a major role in ensuring an upward price trend for MinexCoin by maintaining a very high rate for “parking” operations.

MinexBank’s operation combined with the interest in MinexCoin among cryptocurrency community members and investors looking for long-term investment will further drive the cryptocurrency’s price. Eventually, the demand for MinexCoin will outweigh supply, stimulating growth in its price.
The launch of new MinexEcosystem applications will allow MinexBank to gradually reduce the interest rate for “parking” operations, forcing more minexcoins into circulation. The impending launch of MinexPlatform, MinexExchange, and MinexMarket will be accompanied by promotions to encourage more investments into the MinexEcosystem, driving both long and short term investments.

MinexCoin ICO

The thirty-day MinexCoin ICO which went live on May 15, 2017, will go on until June 13, 2017, allowing potential investors to purchase minexcoins at a 50 percent bonus on the first few days (May 15 till 18, 2017). The bonus structure is designed to reduce progressively as the ICO proceeds. The MinexEcosystem is presently offering a hefty annual rate of 70 percent per year (basic annual rate), making it attractive for participants in the ongoing ICO to achieve a decent profit during the next one year. On the other hand, the MinexBank algorithm will maintain a constant 33.6 percent increase in minexcoin exchange rate annually. All these perks combined will easily ensure at least a three-fold increase in the investment over the next one year.

About MinexEcosystem

MinexEcosystem is a cryptocurrency ecosystem powered by MinexCoin which serves as the medium of value exchange within and beyond the platform. The team behind MinexSystems is currently in the process of building the whole cryptocurrency ecosystem including MinexBank, MinexPlatform, MinexExchange and MinexMarket.

Learn more about MinexSystems at – https://minexcoin.com/
Participate in the MinexCoin ICO at – https://minexcoin.com/?r=site/ico
Access MinexSystems whitepaper at – https://minexcoin.com/html/download/wpeng.pdf
Facebook – https://www.facebook.com/minexcoin
Twitter – https://twitter.com/minexcoin
Telegram channel – https://t.me/minexcoin
Slack: https://minexcoin.herokuapp.com/

Media Contact

Contact Name: Irina
Contact Email: irina@minexcoin.com
Location: Kyiv, Ukraine

MinexSystems is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

The post MinexCoin, a Great Investment Prospect with Its Price Poised to Grow appeared first on Bitcoin PR Buzz.

Source: Bitcoin Press Releases
MinexCoin, a Great Investment Prospect with Its Price Poised to Grow

MinexCoin Pushes Further the Boundaries of Cryptocurrency Mass Adoption | ICO Launched

MinexCoin is proud to announce that its ICO (Initial Cryptocurrency Offering) has started on May 15th, 2017 (GMT) and will last 30 days. A total of 150,000 MinexCoins will be available.

During the ICO, the total amount of coins will be distributed and the exchange rate will be calculated at the end. Through this ICO, MinexCoin a maximum amount of 1500 BTC can be donated after what, the ICO will be closed. It has to be noted that prior on December, 2016, MinexCoin has already raised 1127 BTC with success through their first round (pre-ICO). The team was honored by this solid token of trust shown by a wide number of very early investors.

During the first days, a 50% bonus investment will be allocated to the contributors. Indeed, MinexCoin aims at rewarding those who give their trust and provide with their resources early in this ICO.

Because one of MinexCoin’s priority is to continue ensuring trust and that contributors invest safely, the ICO will be ESCROWED using a multisignature wallet. Moreover, investors are provided with all the information regarding the team as well as the roadmap.

The team: https://blog.minecoin.org/meet-minexcoin-team-advisors-and-partners-10a0c814843b
White paper: https://minexcoin.com/html/download/wpeng.pdf

MinexCoin aims to create the first digital asset that will be used as a currency with the advantages of the blockchain technology and master the main drawback of a cryptocurrency that denies its mass adoption: volatility

Furthermore, MinexCoin’s growth will be supported by the MinexEcosystem, which will also provide a broad range of services (digital asset creation, volatility control, trading…) designed solely for the purpose of facilitating the coin’s wide adoption.

Boris SHULYAEV (CEO) founded one of the largest mining farm in Europe and has earned his stripes as a company leader by managing several public and private companies. Being also a professional economist, his unique range of skills makes him particularly suited to steer Minexcoin’s ambitions.

“Minexcoin is the first blockchain-based cryptocurrency that is designed with the necessary features to act as a stable currency. The embedded vision as well as the entire ecosystem around it will pave the way for a flourishing new era of payment,”

– Boris SHULYAEV, MinexCoin CEO.

A solid amount of investment has already been raised and there is no doubts as to whether or not the project will complete the second round. The only question that asks for an answer is the following : “Will you be part of the adventure by investing and contributing to the project’s success?”

Media contact

Company name: MinexSystems
Website: https://minexcoin.com/
Email: irina@minexcoin.com

MinexCoin is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

The post MinexCoin Pushes Further the Boundaries of Cryptocurrency Mass Adoption | ICO Launched appeared first on Bitcoin PR Buzz.

Source: Bitcoin Press Releases
MinexCoin Pushes Further the Boundaries of Cryptocurrency Mass Adoption | ICO Launched

MineCoin Announces Rebranding, Second round of the ICO and Bounty Campaign

Bitcoin Press Release: Blockchain startup MinexSystems, entering the second stage of ICO has launched a new website, rebranded its payments system to MinexCoin.

April 10, 2017, Kyiv, Ukraine – The Kyiv-based blockchain development team behind MinexSystems has announced the rebranding of their payment system from “MineCoin” to “MinexCoin”. The company has also upgraded its website and announced a bounty campaign as the second stage of its cryptocurrency ICO nears.

On the new website — “http://www.minexcoin.com/”, users will be able to learn about the company’s whitepaper, the terms and conditions of the upcoming bounty campaign and enjoy a variety of other features. All personal accounts of existing users will be transferred from the earlier “http://www.minecoin.org/” site to the new one.

The development team behind the company believes that MinexCoin (MNC) better reflects the concepts behind the blockchain technologies they offer. The new website will showcase an improved design and functionality, as it enables users to get a quicker, easier grasp of the future payment system.
MinexCoin’s second ICO stage will be aimed towards determining the starting market price of the coin as it hits exchanges on the day of its release. The cryptocurrency’s index value will be marshaled by ‘MinexBank’ – the algorithm for volatility control.

The second stage of the MinexCoin’s ICO presale will begin on May 15, 2017, and go on until June 13, 2017. The pre-sale will offer investors a chance to purchase some of the total available 150000 MNC at a discounted price. MinexCoin will start trading on the leading cryptocurrency asset exchanges starting June 15, 2017.

MinexSystems successfully completed the first stage of its ICO ahead of schedule following the participation of a blockchain society which acquired the remaining MineCoin . Presented in September 2016, MinexSystems proceeded with the beta testing phase of MinexExchange in less than two months on November 2016.

The first MineCoin ICO stage was held over a three-month period from September to December 2016. It attracted over 400 investors from across the world. It also allowed the MinexSystems team to discuss MineCoin’s implementation and other cryptocurrency solutions within the MinexEcosystem with the early supporters of Minex Project.

During this first stage of the ICO, the MinexSystems team realized the currency’s potential for success with its low-volatility algorithm, as it sparked considerable interest within the blockchain community. MinexSystems believes that this unique quality, along with other attributes, gives MinexCoin the potential to become the leading cryptocurrency soon.

Minex Bounty Campaign

MinexSystems has also announced a bounty campaign that started on March 29, 2017. The campaign, which will go on until June 13, 2017, will allow participants during the public ICO stage to earn a total of 300,000 MNCs by actively involving themselves in the MinexСoin project community. The allocated coins will be given away as marketing and reward bonuses.

About MinexSystems

MinexSystems is a Ukrainian company that develops blockchain-based applications. MinexSystems’ target is to serve the society by creating targeted, practical applications using blockchain technology. The company oversees MinexCoin, MinexBank, MinexPlatform, MinexExchange and MinexMarket.

Learn more about MinexCoin at – https://minexcoin.com/
Sign up for MinexCoin Bounties at – https://minexcoin.com/?r=bounty/signup
Visit MinexCoin Blog at – https://blog.minecoin.org/
Join MinexCoin Forum – https://bitcointalk.org/index.php?topic=1847292.0
MinexCoin Whitepaper – https://minexcoin.com/html/download/wpeng.pdf

Twitter: https://twitter.com/minexcoin
FaceBook: https://www.facebook.com/minexcoin/

Media Contact

Contact Person: Daniel Shulyaev
Contact Email: daniel@minexcoin.com
Location: Kyiv, Ukraine

MinexSystem is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

The post MineCoin Announces Rebranding, Second round of the ICO and Bounty Campaign appeared first on Bitcoin PR Buzz.

Source: Bitcoin Press Releases
MineCoin Announces Rebranding, Second round of the ICO and Bounty Campaign