Ok but with compound interest, lets say you have 1000 MINEX...
After a year you get 800...
Now you have 1800 and will already receive another 1440 the second year.
In the third year you have 3240 Minex and will receive additional 2592...

You see how fast you *10 your Minex coins? Its only a couple of years but then all Minex coins are GONE.....

And they cant pay the late investors a revenue anymore from the bank.....

It sounds like one of the biggest snowball/scam/pyramid schemes Ive seen in a while with coins unless I am missing something?

Sold 300 MNX at 15$. Regrets    Bought some for 200$ now tho!

Ok thanks for the info, so the revenue will decrease each year. Still seems a bit snowbally because unless you set the interest to extremely low values after some years you would run out of coins to pay revenue.

re-read the memorandum. the parking rate will reduces every year and even the minexbank reserve has been  runs out the percentage that they take from miners will do the job it takes decades though.

If you are familiar with compound interest you know it would not take decades, unless they set the revenue to like 1% and below a year, which will offer few motivation for people to buy or hold the coin in the future.

I am not saying its all bad, the team seems nice and everything works and is very professional from what i have seen. Its just that unless this projects somehow generates revenue thru other means, thru a real product, it would have to crash sooner or later. But the same could be said about Bitcoin when all coins are mined.

Hope some of you got in o the flash crash to $47.......  Right back to $65 in an hour  


For those saying it isn't sustainable what are you basing this assessment on this coin on ?  LOTS of coins take off and go a lot higher percentage wise.  BCC went from .17 in late Jan this year to over $300 now.
Zero reason this coin cant reach well over $300 and soon.  Could easily break $100 in the next week. We could even see $300 before 2018 at this rate.

honestly i haven't expected  this price. I hope, You can keep that.

If nobody is discussing this it is because it is pretty clear from the white paper ex:
The first year 1000 mnx + 70 % = 1700 so 700 from MinexBank. The second year 70% drops to 35 so 1700 + 35%  = 2295 so 595 from MinexBank . To conclude MinexBank will pay less even including the compound. Moreover with the time the mining fees paid to MinexBank will increase !. Off coarse This is simplistic explanation just to show the concept

Cheers and congratulations to the ones deciding to be part of the project.

Thankyou for the further explanation, of course its easy to create 10 mil coins and then drop the revenue further so they last for a while

but if miners get high fees, investors get few % revenue, the system will crash at some point dont you agree?

What I am trying to say is just that its nor really build to last, tho i do like the incentive of 70% revenue for the first year for early investors. But why should someone invest in lets say 5 years, when the interest is down to 10% a year? What is the real product, value at this point? When miners get high fees and investors get few revenue? The trust that people keep holding their coins at 10% and the price stays stable since there is still some virtual coins left to give out as revenue?