Review on MinexCoin by Pedro O. Alvino M.
Cryptocurrency that smooths volatility by rewarding its own holders
MinexCoin that allows to soften volatility by incentivizing MNX holders, through an intelligent autonomous algorithm called MinexBank, which with the help of other tools that serve in the financial ecosystem, establish intact MNXs in the wallet that the platform provides, since allows the holder to make interest payments instead of selling or bringing MNX to the market.
First to implement such processes also consist of additional services such as atomic exchanges in the chain, although the latter does not have detailed information about the culmination of its functions since it was in an alpha version that only allowed exchanges in the Bitcoin chain. and MinexCoin, but the low attention to the project has generated abandonment towards the platform by their community, therefore, it cannot reflect a near future for the project despite how innovative it can be.
Pros
- First projects to implement a system that smooths the market volatility through incentives to the owners
- It has high confirmation speeds together with the lowest possible transaction fees
- Integrates in its blockchain the capacity of atomic exchanges.
- Novel intelligent MinexBank autonomous system.
- Consists of asset backup and support tools compatible with all devices
Cons
- Limited information on the project, a final version on atomic exchanges in the MNX chain is not yet reflected
- The integration of the currency in exchanges has not yet been processed.
- It has very low popularity in the market
