MinexCoin (MNC)

MinexCoin (MNC) is a low-volatility cryptocurrency regulated by autonomous algorithms. Those algorithms resemble activity of central banks that maintain the cost of their national currency, so they are collectively known as MinexBank. Market interventions and coin parking are the supply/demand regulation tools that used to reduce the volatility.

Uniqueness of MinexCoin:

• Low volatility of the coin (within a 5% range)
• Predictable and controllable annual growth of the coin's price

Parking

Parking means that coins are withdrawn from the market by a user who temporarily suspends them in their wallet. And the user is eligible to earn interest. There are three kinds of parking:

• Day Parking
• Month Parking
• Annual Parking

Interventions

Intervention means that MinexBank buys or sells MinexCoin to keep the exchange rate within the predetermined range. There is an initial premining of 1,500,000 coins reserve by MinerBank. As the amount of MinexCoins increases, the reserve will have to be replenished. The growth of the reserve will be ensured by the progressive percentage of payments to MinexBank for each block solved by miners.

Blocks	Payments (%)
1 - 900,001	20
900,001 - 1,800,000	30
1,800,001 - 2,700,000	40
2,700,001 - 3,600,000	50
3,600,001 - 4,500,000	60
4,500,001 - 5,400,000	70

*after block 5,400,000, miners will pay stable 20 per cent to MinexBank.

Coin parameters

• Total amount: 19,000,000 MNC
• Block rewards: 2.5 MNC
• Hashing algorithm: Mars
• Block size: 2 MB
• Block time: 2 min 45 sec

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Source:

• MinexBank
• MinexCoin (MNC)
• White Paper