Tell me please, what is interesting in this coin? For what reason does it have such a capitalization?
Hello!
MNX is low-volatile cryptocurrency with ability to park your coins, what means you can get profit just if you will hold coins in your wallet for the chosen period.
I would phrase that a little bit better so that he fully grasps the interest of the Minexcoin project.
Minexcoin is a project designed to create an entire ecosystem containing several features : An exchange for trading, goods and services buy/sell using MNX, platform for token creation using MNX, a central bank feature in order to regulate the price of the currency.
The idea behind that is to have a currency (MNX) in the true sense of the definition : not volatile. For that, you have the Minexbank to ensure this particular and crucial aspect of the ecosystem.
Minexbank rewards those who participate and contribute to the coin stability. if you hold your coin in times of intense sell/buy pressure, the bank rewards you with parking interest.
Currently, the interest is at 6% a week, making it a powerful incentive to buy and generate passive income. Now why the price rises so much? Because it fell a lot upon launch.
The aim of the devs for 2017 is to stabilize the coin at around 20$ and then, keep it between a +-5% corridor. Until that point, incentives to buy will be kept high.
This is the reason why the coin market cap is high, and yet there is stil a x2.5 factor for growth.