MineXCoin sets out to solve the problem of market volatility. They take stance as a low volatility asset that can be used as a reliable exchange of value. As MineX sees it, Cryptos have this barrier when it comes to actually being used as a currency.
MineX encourage long term investors and have a valid claim to a foreseeable long term gain. Since MineX is based on Bitcoin source code it may face the same issues as Bitcoin given MineX has not it clear what has been changed. They may face problems the future that other coins will avoid simply by letting their price fall and rise freely.
This is one of the more interesting problems to solve. They claim to prevent the price of their coin swinging more than 5 percent in any 24 hour period with automated regulation tools. The exact way in which they do this can be seen in their white paper but if you are like me and don’t have more than a basic high school understanding of math then chances are it won’t make much sense. MineX hold a number of their coins in order to sell when the price gets to high and in turn would also buy back when the price gets to low.
This is an incentive method that MineX uses to get investors to hold onto their coins. Simply put, You get interest when holding. They have a number of time frames that you can hold for and holding for longer generates more interest.
Hybrid Governance is a how the MineX currently is being managed. It’s not fully distributed since the team who overlook the autonomous tools have to be able to modify them and reassess until they reach a point where it can be hands off.
MineX strikes me as a very interesting coin that might actually see some adoption but looking back on the financial charts we can see that in times of heavy trading they can’t keep up and their price soars or plummets along with the rest of the cryptomarket.
The issue they solve is one that has risen out of Bitcoins instability and Bitcoin is only unstable due to it’s sudo adoption. If Bitcoin is adopted into mainstream society to the point where we see everyone using it as the prefered method to exchange value the problem that MineX is trying to solve vanishes.
Regulating their own coin effectively boils down to them pumping and dumping when the price fluctuates 5 percent and this strikes me as a little concerning. Given crypto has made huge moves forwards various governments are trying to impose regulations on the trading of cryptos and pumping and dumping is already being locked down on.
