MinexCoin (MNX)

MinexCoin is a payment system built on the eponymous crypto-asset regulated by an autonomous algorithm.

Whitepaper

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What is MinexCoin

  MinexCoin is a global payment system built on the eponymous low-volatility crypto-asset regulated by an autonomous algorithm with methods proven in traditional financial markets.

MinexCoin asset is a low-volatility cryptocurrency with predictable and dirigible price development. It may be employed both as a means of settlement and a means of saving. The long-term value of the coin is based on its annual growth of 33.6%. In order to reduce its volatility, such supply/demand regulation tools as market interventions and coin parking are used.

Addressed Issues

Cryptocurrency is a decentralized blockchain-based financial system, immutability, and autonomy being its most celebrated features. Cryptocurrencies enable one to bypass intermediaries and remain independent from traditional financial institutions. However, neither cryptocurrency, including Bitcoin, managed to become a commonly used monetary asset. Merchants and service providers are reluctant to accept cryptocurrency payments as it involves additional risks of exchange losses and regulatory issues.

An instrument capable of becoming a perfect global payments system is commonly used as a speculative asset. This project is devised as a solution for the fundamental problem in question and takes into account the problems and challenges faced by the global financial system.

MinexCoin: a Unique Innovative Solution

There are two factors that make MinexCoin unique:

Thanks to its unique features, MinexCoin is a multi-purpose tool equally useful for trading, longterm investment, and routine financial operations.

Traders, whose speculations often tend to destroy cryptocurrency ecosystems, have a constructive role in the MinexCoin’s system. Encouragement of trading activity will become a tool that the coin’s autonomous algorithm uses to keep the token’s price within a certain range.

Controllable price surge over time will make the coin a profitable asset for investors. Coin parking, which is the second volatility control tool in MinexCoin, meets the strategy of medium and long-term investment.

Finally, thanks to price predictability, easy conversion and high-speed transactions, regular users and online retailers will be able to use MinexCoin as means of payment and value storage. MinexCoin excludes both exchange losses and service payments.