MinexCoin MNX

$0.5928
Market Cap $ 2.779 MM (#512)
24h Volume $ 59.057 K
Chg. 24h: 4.17%
Algo. score 3.0/5  (#609)
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MinexCoin project purpose and description

MinexCoin clarity of purpose

MinexCoin purpose and aspects

High volatility is amongst the biggest disadvantages of Bitcoin and similar cryptocurrencies. It hinders it from becoming a means of storage and exchange of value on the global market

MinexCoin additional differentiation against competition

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 categories

Digital currencyPayments

Short description

MinexCoin (MNX) is a global payments system based on a low volatility cryptocurrency which is a part of Minex ecosystem. Thanks to its stable exchange rate, MinexCoin is a reliable means of payment, while controllable growth of coin price makes it an attractive means of value storage. Containment of volatility and price growth are maintained by the system’s autonomous algorithm acting like a central bank, hence the name MinexBank. Financial instruments it employs would allow traders to earn from exchange rate margin without damaging the coin’s ecosystem. On the contrary, they would support it.

Abstract

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

Link to Roadmap: https://minexcoin.com/
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