Press release Bitcoin: Minex Ecosystem is an auto-regulatory financial system designed to reduce volatility and make MineCoin a new unit of payment based on blockchain technology.
The growing popularity of cryptocurrency and its underlying technology blockchain have worried the banking sector. To combat the growing threat, many of the most important banks are investing heavily in research and development of applications based on blockchain for their own operations.
Some of the famous leaders of the banking industry as Banco Santander, Barclays and UBS have set up blockchain laboratories. The blockchain study report of Banco Santander revealed that using blockchain technology, the global banking sector can save up to $ 20 billion a year in regulatory and compliance costs. According to the European Banking Association, the volatile nature of cryptocurrency avoided that they constitute a significant threat to the conventional banking system at the time. However, this may soon change with the advancement of technology and the increased stability of the digital currencies.
The volatile nature of Bitcoin and other cryptocurrency prevented their being widely pursued as a means to transfer value. Although dealers and cryptocurrency brokers tend to gain from the volatile nature of digital currencies, companies can contract losses due to fluctuating values of these assets. This prevented many merchants accept payments cryptocurrency of its customers.
Bank Minex: towards a stable cryptocurrency
The team Minex is working on developing a stable and sustainable ecosystem that can minimize the volatility associated with cryptocurrency. The ecosystem of Minex is moved by cryptocurrency MineCoin (MNC) and, in the absence of high volatility, it will be well able to act as a reserve currency. The team is working closely with renowned economists to create a blockchain ecosystem that includes the best of both worlds (the conventional financial system and cryptocurrency ecosystem). To do so, the ecosystem of Minex appropriated some aspects of the traditional financial system to create the Bank Minex. Minex Bank will act as a central bank by combating speculation and other factors that may influence the value of the MNC. Minex Bank will be decentralized and use a 'response algorithm "which is currently being developed by the team after extensive research and technical feasibility studies.
The functions of Minex Bank include:
Increase the supply of MineCoin (from reserves) during the high procuraComprar excess of MineCoin when supply is much greater than the procuraPermitir that the Minex community keep their deposits MineCoin and receive interest of POS (in English, proof of participation) regulation of interest rates to the POS based on analysis of mercadoOferecer smart loan MineCoin to community members through a computer algorithm based on an assessment of the financial activity of the borrower in Minex Ecosystem.
platform Minex
The Minex Platform is the most important part of Minex Ecosystem. The rest of the products is based on it to ensure self-sufficiency and sustainability of Minex Ecosystem. The Minex Platform is designed to meet two main objectives:
The. As an investment platform where companies and start-ups can create digital actions with dedicated cryptocurrency. Investors can buy these stocks with MNCs to participate in start-up investment rounds or companies that are raising funds. Although its focus is primarily on strategic investors, stock brokers and traders may also participate. These digital actions are independent of the MNC and its volatility does not affect the value of the MNC itself. The MineCoin in this case acts only as a means for determining a change value.
B. The Minex platform also plays an important role in restricting the MNCs offer in MineCoin market. All MNCs received during an ICO will be kept in the respective portfolios of issuers to the successful completion of the ICO.
Brokerage Minex
Brokerage Minex allows users to exchange MNCs by other criptoativos. It uses a decentralized model and allows users to manage their own private keys. This will not only allow users to have full control over your funds, but also reduces the risk of hacker attacks on the platform.
market Minex
The adoption of MineCoin as a means of payment is another important milestone for the company. To promote the MNC for the purchase and sale of goods and services, Minex Systems will also launch the Minex market with a security feature to protect the interests of buyers and sellers. Once the transactions are completed successfully, the MNC funds accumulated can also be removed through MineCoin debit cards.
Experts of the banking sector and cryptocurrency community believe that after the implementation of the current model, the Minex can become the market leader in the blockchain technology platforms. No one has ever created a blockchain platform using a concept similar to that of MineCoin. The Minex will be able to offer stiff competition to the current conventional financial system.
Learn more about Minex and MineCoin in https://minecoin.org/
Press Contact
Contact: Daniel Shulyaev
E-mail: danielshulyaev@gmail.com
Location: Kiev, Ukraine
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