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Minexcoin?
Now they offer 3 month and 6 month rates in Minexbank

3 month 23.7%

6 month 44.8%

(2018-04-24, 07:15 PM)Hugues Wrote:
(2018-04-24, 05:26 PM)cta102 Wrote: New report from CEO released..plan to reduce parking rates substantially to increase price.

Currently over 1 million parked and 130,000 MNX interest each month, some of which is likely sold and depressing the MNX price on exchanges.

May have quarterly and half yearly parking options too.

https://medium.com/minecoin-blog/mnx-mar...1e32014233

The new rates are exactly based on 70% annual interest.

So with compounding each term..
daily rate of 0.19% compounded = 99.9% annually
                                             weekly         1.34%  compounded  = 99.8% annually
                                             monthly       5.83%   compounded = 99.1% (includes extra 5 days)
                                           quarterly        17.5%   compounded = 90.6%  annually
                                           half yearly        35%    compounded = 82%  annually  
                                          annual 70%
So all are better then annual but with risk that rate may decline further during the year.

Not much difference in daily, weekly and monthly, so monthly easier
I noticed the mail about this, but I did not find the time to read the blog yet.
What I can say now is that to me it is a good thing to correct the interest rates. My opinion is they where to high.
This caused that to much coins came into the market in to short time. I also believe that some people did nothing more than cashing out the weekly or monthly gains. This could be one of the reasons why MNX was not stable.
I am almost sure it will have a positive infkuence on the value of MNX.
I prefer a weekly rate of 1.34% and a growth in value of the coin. If everything goes well I expect $50 by th end of the year.

Carsten I believe your calculations are not correct. Annually must be higher.
I will check them later when I get home.

It was me, not Carsten..those numbers should be correct as used Excel
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(2018-04-24, 07:23 PM)cta102 Wrote: Now they offer 3 month and 6 month rates in Minexbank

3 month 23.7%

6 month 44.8%

(2018-04-24, 07:15 PM)Hugues Wrote:
(2018-04-24, 05:26 PM)cta102 Wrote: New report from CEO released..plan to reduce parking rates substantially to increase price.

Currently over 1 million parked and 130,000 MNX interest each month, some of which is likely sold and depressing the MNX price on exchanges.

May have quarterly and half yearly parking options too.

https://medium.com/minecoin-blog/mnx-mar...1e32014233

The new rates are exactly based on 70% annual interest.

So with compounding each term..
daily rate of 0.19% compounded = 99.9% annually
                                             weekly         1.34%  compounded  = 99.8% annually
                                             monthly       5.83%   compounded = 99.1% (includes extra 5 days)
                                           quarterly        17.5%   compounded = 90.6%  annually
                                           half yearly        35%    compounded = 82%  annually  
                                          annual 70%
So all are better then annual but with risk that rate may decline further during the year.

Not much difference in daily, weekly and monthly, so monthly easier
I noticed the mail about this, but I did not find the time to read the blog yet.
What I can say now is that to me it is a good thing to correct the interest rates. My opinion is they where to high.
This caused that to much coins came into the market in to short time. I also believe that some people did nothing more than cashing out the weekly or monthly gains. This could be one of the reasons why MNX was not stable.
I am almost sure it will have a positive infkuence on the value of MNX.
I prefer a weekly rate of 1.34% and a growth in value of the coin. If everything goes well I expect $50 by th end of the year.

Carsten I believe your calculations are not correct. Annually must be higher.
I will check them later when I get home.

It was me, not Carsten..those numbers should be correct as used Excel

yes indead. Sorry for the mistaken name.
Your calculation is orrect CTA. I was wrong... I took the 1.34% for the daily instead of the weekly.
So, your calculations are correct.
What is this thing that builds our dreams, yet slips away from us?

Reply
That announcement has crushed MNX. The people in for short term interest are dumping like crazy..but seems to have settled at $11 or so.

Good buying opportunity, but no so good if planing to sell some to invest in Hyperion
Reply
(2018-04-25, 02:07 AM)cta102 Wrote: That announcement has crushed MNX. The people in for short term interest are dumping like crazy..but seems to have settled at $11 or so.

Good buying opportunity, but no so good if planing to sell some to invest in Hyperion

I didn't see this coming. I always new they were planning to lower the rates, but not that sudden.
What is this thing that builds our dreams, yet slips away from us?

Reply
It's up to $17.5 now. Slowly going back to around $20.

We all knew the interest rate would go down. Today the monthly rate has gone UP to 14.55%. Hope it stays that high since I'm ready to park tomorrow afternoon.
Cardano is the most promising 3 gen. crypto right now.


Reply
sorry Carsten..back to 13.8%

But I think we may have shaken out some of the MNX owners who were not long term hodlers.

The dip only lasted about 18 hours, so not a bad thing overall.

I agree I was amazed at how quickly they were dropping rates, but I assumed on my own forecast it would be 6% monthly by the summer.
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Seems like we will see ups and downs the next couple of weeks but with a total up trend.
Cardano is the most promising 3 gen. crypto right now.


Reply
(2018-04-25, 07:28 PM)Carsten Wrote: Seems like we will see ups and downs the next couple of weeks but with a total up trend.

Correct. This volatility problem will not be solved in 1-2-3, but the end result will be fine. Less pump-and-dumpers in MNX.
What is this thing that builds our dreams, yet slips away from us?

Reply
(2018-04-25, 08:23 PM)Hugues Wrote:
(2018-04-25, 07:28 PM)Carsten Wrote: Seems like we will see ups and downs the next couple of weeks but with a total up trend.

Correct. This volatility problem will not be solved in 1-2-3, but the end result will be fine. Less pump-and-dumpers in MNX.

It's up to $18.8 right now.
Cardano is the most promising 3 gen. crypto right now.


Reply
Minexcoin down to $6 range..but continues on path to become a major crypto for everyday use.

The have said by the end of the month they will have 2 more listings..HitBTC and another

Also the Visa debit cards will be available to order.

This post on the forum has link to CryptoRich video and describes how the debit card will work. It looks doable and transparent on the card. This can be a game changer for everyday use of cryptos. The card can be loaded with fiat USD or Euro or cryptos MNX, BTC and ETH

Crypto Rich got new video about Minexcoin and Credit cards. Information about Minexcoin starting from 33:53  

https://www.youtube.com/watch?v=Y5ecmm5yEWY
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