What is MinexCoin? MinexCoin is a global payment system built on the eponymous low-volatility crypto-asset regulated by an autonomousShow more [+] algorithm with methods proven on 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. 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. By parking MNX in your MinexBank account, you may earn your interest with no risk of losing your money. Besides predictable increase of MNX price enables you to earn from increase in the exchange rate.
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 per cent 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.