Note: MinexCoin is not yet live for trading, but we would add it soon. Till then, sign up and explore seamless trading at Bitbns.
Simple Steps to Buy Minexcoin in India:
Online Registration on Bitbns is absolutely free. So investors need to Sign Up using email id and by entering personal information.
Then, confirm by clicking on a link received on the email address indicated. Next, submit PAN card, bank account details and Aadhaar card photocopies. This process enables Bitbns in adhering to KYC guidelines.
After KYC documents validation (which will take 30 minutes only), investors will be notified via email about account activation.
Using NEFT/RTGS/IMPS, investors can transfer funds to their Bitbns account and begin purchasing MinexCoin (MNX).
Transfer of MinexCoin (MNX) between other wallets from/into Bitbns account is also possible which is just a 10-minute process.
Hash Algorithm: Mars
Total amount: 19,000,000 MNC
Block rewards: 2.5 MNC
Block size: 2 MB
Blocking time: 2 min 45 sec
A simple analysis of the dynamics of demand and supply, taking into account the characteristics of the platform, shows that the platform is designed to generate 2.5 MinexCoin every 165 seconds, equivalent to about 1,310 minexcoins per day. The MinexBank algorithm will reserve a sum of 262 MinexCoin from the daily total, while the rest (1,048 coins) will remain with the miners. The limited daily supply pressure in MinexEcosystem is only around 0.02% of the total number of tokens in the initial offer. As miners tend to liquidate Bitcoin profits often, newly minted MinexCoin flooding the market will increase supply, which will ideally affect the value of the cryptocurrency in a negative way. Until the release of MinexPlatform, MinexExchange and MinexMarket, MinexBank will continue to play an important role in ensuring an upward trend in MinexCoin prices while maintaining a very high rate for ‘parking’ operations.
The MinexBank operation combined with interest in MinexACoin among members of the cryptocurrency community and investors seeking long-term investments will further boost the price of cryptocurrency. Eventually, MinexCoin's demand will outstrip supply, stimulating the growth of its price.
The launch of the new MinexEcosystem applications will allow MinexBank to gradually reduce the interest rate for ‘parking’ operations, forcing more MinexCoin to circulate. The imminent launch of MinexPlatform, MinexExchange and MinexMarket will be accompanied by promotions to further encourage investments in the MinexEcosystem, driving both long and short term investments.
How the Minexcoin Environment Works?
This is the investment we are talking about, but there are always some risks involved. Minexcoin, however, has successfully reduced the risk due to the volatility of the cryptocurrency, thanks to its stable and secure ecosystem.
Thus, how the Minexcoin ecosystem works is what makes it more advantageous compared to other cryptocurrency platforms. First, the risks in the investment in it occur due to the growth of prices and volatility. The exchange rate often becomes unstable, which makes it impossible to retain purchasing power. In the ecosystem of Minexcoin, volatility and price growth is maintained, for example, in a central bank called MinexBank.
Central bank? Are not cryptocurrencies supposed to be decentralized? Does it mean that Minexcoin is not independent? Well, the answer is yes. Minexcoin is still completely independent without any authority to control it. The central bank in this case is actually the autonomous algorithm of the system. When the system detects that there is an increase in volatility and the price in the market, it will automatically work to control the ecosystem. As a result, Minexcoin owners can always obtain high profits due to the stable exchange rate.
Now, is it possible that the Minexcoin ecosystem remains stable and still gives the owners of currencies a benefit from the exchange rate margin? Apparently, it is possible due to the advanced financial instruments used in this ecosystem. One of them is the parking of coins.
The ecosystem will be damaged when the number of populations is unstable and continues to decline. But unfortunately, that is exactly what is going to happen when customers overbook the stock in the ecosystem to make a profit. This is where coin parking plays its part.
In other words, coin parking is like depositing your money in a bank. It means, you can not use your coins for a certain amount of time. But in return you can get up to 70% profit when you park your coin in your wallet and leave it there unused for a while.
Founded in December 2017, Bitbns is the largest Bitcoin exchange in volume and liquidity. Bitbns allows you to buy and sell bitcoins and trade between bitcoins and altcoins in INR. It is also possible to exchange digital currencies other than Bitcoin, such as Ethereum, Monero, Ethereum Classic, Ripple, and many more.
Bitbns is the favourite Bitcoin Exchange for many Indian investors. They provide all the tools and reliability necessary to make expert decisions about the cryptocurrency exchange. They offer a high security environment with reliability, legal compliance, and many more features.