Minexcoin Review: A New Era of Payments [Updated in 2021]

by cryptocreed April 21, 2017

written by cryptocreed April 21, 2017

Last Updated on March 9, 2021 by cryptocreed

Minexcoin is a derivative of Bitcoin source code but with some important changes to make transactions faster and make the whole system more stable. To earn a good amount of profit people are to invest more and more in cryptocurrency with a good strategy and have deep knowledge about cryptocurrency. Investing in new altcoin is not always good to deal sometimes users didn’t get a good return or they just get scammed.

MinexCoin (MNX) is a global payments system based on a low volatility cryptocurrency.

Table of Contents

What is MinexCoine

Dues to its stable exchange rate the Minexcoin is a reliable means of exchange. Minexcoin aims to become a commonly used currency like fiat currency. The risk factor was reduced by minexcoin based on a low volatility cryptocurrency, thanks to its stable exchange rate and its an ecosystem. In minexcoin ecosystem, exchange rate and volatility get maintained by MinexBank (some people say Central Bank of Minexcoin), not like other coins that get worst to buy because of the price rate.

MinexCoin Structure

Minexcoin is built in the way by which users can use Minex Coin for online shopping, online digital assets exchange, to invest in the program, or to buy bitcoin or any other operation. It’s easy to spend like one-click work.

There was one different attractive feature of my coin is “Parking”, If users deposit their coin in MNX not used for some decided time, users will get up to 70% profit from the coin which was a park by users. Project is too low volatility is a robust reserve cryptocurrency and may be adopted as global money.

MinexCoin Team

Building This project is not a game it needs more hard work and knowledge and minexcoin has the best team to handle this. Boris Shulyaev is the Founder and CEO of Minexcoi Ruslan Babych is CTO Vladislav Zaychuk is a Lead Developer Daniel Shulyaev is Community Manager and for details of the whole team visit here.

There was already two months beta testing phase which was finished in November 2016. The first round of ICO was successfully conducted and securing pre subscriptions for 2M MNX coins to build a stable and strong community of investors. 1.5M MNX Coin will be sold during the second round of ICO, they added that the purpose of phase two is to determine the market price of the coin immediately before entering in exchange. Phase two will run for almost 1 month, from 15th May 2017 to 13th June 2017.

Formula to calculate the price

Y = ( X + Х1 ) / Z

Y= market exchange rate

X= volume of involved investors funds

X1= volume of bonuses accrued by early participants

Z= amounts of the coins available for the ICO

Bonuses are available for phase two:

MinexCoin specifications

Ticker: MNX
Hashing algorithm: Mars
Total amount: 19 000 000 MNX Coin
Block rewards: 2.5 MNX Coin
Block size: 2 MB
Block time: 2 min 45 sec

The Project Bounty

The bounty campaigns are the best way to distribute MNX and to attract more investors. The bounty campaign started on 29 March 2017 and finished on 13 June 2017. There are a total number of 3M MNX reserved for this bounty. You can read rules and which types of bounties are there here and for any question or query regarding bounty campaign can ask here.