MinexCoin (MNX) is a global payments system based on a low volatility cryptocurrency which is a part of Minex ecosystem. Thanks to its stable exchange rate, MinexCoin is a reliable means of payment, while controllable growth of coin price makes it an attractive means of value storage. Containment of volatility and price growth are maintained by the system’s autonomous algorithm acting like a central bank, hence the name MinexBank. Financial instruments it employs would allow traders to earn from exchange rate margin without damaging the coin’s ecosystem. On the contrary, they would support it.
Minex platform combines the functionality of a simple and safe processing infrastructure for online shopping and cryptocurrency operations, an online digital assets exchange, and an investment platform.
The instruments available at Minex enable you to store your money safely, spend them with a couple of clicks, and even obtain guaranteed revenues by just helping the system to remain stable.
MinexCoin (MNX) is different from other altcoins because it’s a stable low-volatility cryptocurrency with fixed annual growth. MinexCoin’s growth is pegged to per annum growth of 10 cryptocurrencies with highest market caps. As per 2016 this growth was indexed at 33,6%. It does not matter if you want to use MNX for trading, long term investment or day-to-day financial activities, with MNX you will always be gaining value.
MinexCoin is an altcoin yet online-businesses will never lose value if they choose to accept it as means of payment.
MinexCoin is a stable currency but it will be lucrative for medium and long-term investors because of controlled annual growth and interest payments for “parking”.
MinexCoin is a payments system which thanks to low volatility is a robust reserve cryptocurrency and eventually may be adopted as global money.
Low volatility and stable growth are achieved via a smart algorithm we call MinexBank (because its actions resemble those of central banks as they maintain stability of national currencies). The entire ecosystem will be governed by this power algorithm based on predetermined formulas, written by professional economists.
In short, MinexCoin is governed by MinexBank – a smart algorithm that autonomously takes action to maintain MNX’s price in a predictable corridor.
MinexBank’s main instruments of reigning in volatility are parking and interventions.
Parking means temporarily suspending a certain amount of coin on your wallet which will allow you to receive interest. Interest rates will fluctuate according to chosen parking period and current supply/demand balance, effectively incentivizing investors to park coins when supply overpowers demand on the market. When demand is on the rise, interest rates decrease and investors are incentivized to sell. Additionally, MinexBank uses its own reserve to conduct interventions – selling or buying MNX to alleviate market’s pressure.
The Minex Systems team intends to implement extended functionality of Minex Ecosystem by incorporating such applications as Minex Market, Minex Exchange, and Minex Platform. Implementation of those products seeks to expand the coin’s sphere of circulation, thus driving demand for it.
We have already successfully conducted the first round of ICO (Subscription), securing presubscription for 2 million MNX and building a strong community of investors.
During the second round of ICO only 150,000 MNX will be sold. The purpose of Phase Two is to determine the market price of the coin immediately before entering the exchange. The price will be calculated according to the following formula:
Y = ( X + Х1 ) / Z
where Y stands for market exchange rate (basic value in MinexBank’s algorithm); X for volume of involved investor funds; X1 for absolute volume of bonuses accrued by early participants; Z for the amount of coins available for the ICO.
Phase Two will run from May 15th, 2017 to June 13th, 2017
The coins are subject to distribution among investors the day after the ICO’s completion.
MNX is a derivative of bitcoin source code. Certain changes were introduced to make payments faster and the entire system more stable.
CryptoJacks (CJ) brought to cryptoworld by a group of Cryptocurrency Enthusiasts and Developers.
CryptoJacks is developed to offer various facilities (Gaming, Exchange, Mining & Web Hosting facilities) to global cryptocurrency fascinated community and to put pug mark in Cryptocurrency world.
As CJ mentioned in their Caption – Crypto that brings their ideas to life – To expand CJ activities and make members participate in their success, they have decided to sell 360,000,000 Coins of our stake over 36 Rounds 0f 10,000,000 Coins Each (We have opted for ICO to get conducted in rounds only to make Members Discover our True Price over a Period of 36 Rounds with consideration of development phases) .
360,000,000 Coins will be sold during the Initial Coin Offering (ICO) spread over 36 Rounds, 60,000,000 coins will be Mineable during the Proof-Of-Work phase (PoW) and 30,000,000 coins along with stakes will be used for different bounties.
CryptoJacks (CJ) Coin Offering
Currently CJ making good movement on different exchanger with their ICO offerings. Already CJ have finished their 4th round of ICO.
Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Like Bitcoin it is based on a decentralized blockchain but allows for anonymity behind transaction amounts and parties involved. In Bitcoin if you know someone’s address you can follow their transactions and you can see which all the addresses and their transaction amounts – so its quite clear how much money is moving around, with ZCash all the information is encrypted.
Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core’s battle-tested codebase. Our improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.
Zcash zero-knowledge proving scheme makes it possible to conceal values and other identifying information from the public blockchain. Users simply prove that the values balance out and that they are not double-spending the amount they want to send.
Zcash is launched on the 28th of October 2016 and has a hefty heavy weight team working on it and backing it. These include names such as Roger Ver and Barry Seibert as well as Pantera Capital. The code is open source which is unusual as the Company – run by Zooko Wilcox, a 41 year old cryptographer – will expect to give 10% of the coins for funding costs and 1% for non profit organisations.
The Zcash total coin supply is going to be 21 million like Bitcoin, and it even follows the same issuance rate with 21m ZEC being issued over 131 years, but instead of having 10 minute blocks, ZCash will have a 2.5 minute block average with 4 times bigger block rewards that halve every 4 years.
Users, investors, everyone seems excited about a new cryptocurrency who is born today, but it takes months causing a stir in the network. It is called Zcash , and promises to be an alternative to Bitcoin caring privacy of users while offering as a real business for investors.
Much has been said about the Privacy and pseudo anonimato behind technology Bitcoin . Unlike the mythical cryptocurrency, the Zcash automatically hides the identities of senders and receivers , as well as the amount of all transactions Zcash conduct on your blockchain. Only those with a display key to view the contents of operations.
This is made possible by an algorithm called zero-knowledge proofs (zero knowledge proofs). This algorithm allows the creator of the transaction can include in it a validity test without transmitting any information other than the fact that the transaction is true. Therefore, no information that anyone can read is transmitted.
These characteristics have made such prominent voices in the world of privacy as Edward Snowden speak well of the project , referring to it as a solution to the risks of surveillance of public records Bitcoin transactions.
Another fundamental differences between most cryptocurrency and this is how that is organized. As the Bitcoin and all based on it, its code is open, although it is not managed as a community like most, but Zcash is a business . That makes the product attractive to investors.
How to develop the project has also been the reverse, because instead of throwing the coin and then seek financing, Zcash creators have sought investors to create the coin toss before . They also promise to reward these investors and workers a tax called “Founders reward”, so described on its website.
The monetary base Zcash will be the same as Bitcoin -. 21 million units of currency Zcash (ZEC or ⓩ) will be mined 10% of the profits will be distributed among shareholders – founders, investors, employees and directors.Zcash
This has made the currency has grown exponentially before being released. On 15 September its value was $ 18 or 0.027 BTC, but two days ago had already risen to $ 260 or 0.379 BTC, marking an increase of nearly 1,300% . Moreover, some market analysts believe that the price of a ZEC overtake a bitcoin end of the year, as investors do not want to miss this opportunity.
Therefore, Zcash have a cryptocurrency not try to go against the system, but is based on their traditional methods of funding to provide free, anonymous alternative and promises to put users ‘ privacy above all. And what is more important, that investors do not want to miss the next Bitcoin , which is pushing very strongly its initial growth.
How to Buy ZCASH
At the moment there is no way to buy Zcash and once it launches, exchanges will have to wait for a decent amount of volume to be mined before adding it as a trading pair.
You can test ZCash out on the test network for free by going to a faucet and then playing around with it. Stay tuned and we will let you know as soon as Zcash is released where to buy it and its live prices on all the markets.
You can test some of it out on the test network for free by going to a faucet and then playing around with it. Stay tuned and we will let you know as soon as Zcash is released where to buy it and its live prices on all the markets.
For the time being though none of the ZCash coins can be mined fully which is similar to what happened with ethereum – except with ethereum a lot of the crypto currency was bought in a crowd fund prior to release.
How to Mine ZCASH
ZCash will use Equihash as an hashing algorithm, which is an asymmetric memory-hard PoW algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible, much like Ethereum. In order to avoid Instamine ZCash will have a slow mining start, where block rewards will be issued slower than normal. ZCash is currently in beta stage and the testnet is live.