Minexcoin or MNX on exchanges, is a little known cryptocurrency that could add stability to your cryptocurrency investment portfolio. Minexcoin coin is a “low volatility” cryptocurrency that can be used as a payment or as long-term value storage and is only 1 part of the growing Minex Ecosystem. This makes Minexcoin an attractive investment that uses a parking system to control large price swings. The Minexcoin price is controlled by a self sustaining algorithm utilized by a separate technology called Minexbank. Minexbank allows cryptocurrency parking daily, weekly, or monthly which helps stabilize the price fluctuations and allows investors a generous return for parking Minexcoin.
The main purpose of MinexBank is to stabilize the exchange rate within the range of no more than 5% of the previous day’s closure price. The five percent growth owes to the practice of global stock exchanges. Once the values are reached, stock markets halt the 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 two options: it either changes 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“Parking Minexcoin” means your coins are voluntarily withdrawn from the market by a user who temporarily suspends them in their wallet. The ‘parking’ user is eligible to receive interest. Users will be able to choose the type of parking depending on the time they undertake to store coins in their wallets without using them online. When parking coins, investors always have the ability to cancel parked coins as needed. Investors control the coins at all times.
There are three kinds of parking: Day (24 hours): for short-term impact Month (30 days): for medium-term impact Annual (365 days): for long-term impact. Average reference rate for parking payouts will gradually go down, yet, thanks to MinexCoin price’s growth, the actual parking revenue will only grow over time.
Source – Minexcoin Whitepaper
Minexcoin is a low supply cryptocurrency that is a great solution for storing value that offers simple high speed transactions. Minexcoin started trading on the Livecoin exchange November 1st, 2017 at the price of $1.00 USD and is currently trading at $25.00 USD after the first month. This price increase is from 1 exchange and should continue to see growth as it is listed on additional cryptocurrency exchanges. The Minexcoin team has a planned out roadmap that includes the introduction of Minexexchange in 2018 which should also increase the cryptocurrency value and exposure. If all goes well, the price of Minexcoin could exceed $100 USD in the first half of 2018. As always, be sure to do your research when purchasing Minexcoin and only invest what you can afford to lose.
Is Minexcoin A Good Cryoptocurrency Investment?
Many new investors are scared of the volatility in cryptocurrency markets and may not enjoy large price swings when investing large amounts of USD. Minexcoin is a great way to control price swings while benefiting from stable price growth and interest on your growing Minexcoin investment. If you are looking for a cryptocurrency investment that can earn you money by parking as well as price increases due to market cap growth, Minexcoin is a great investment choice. As always, each cryptocurrency investor is different, so be sure to do your research before making investments in cryptocurrency,