Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] Minexcoin - A new era of payments (Exchange launch - November, 1)
by
Niya
on 22/11/2017, 10:00:01 UTC
I think the hybrid structure of the POW + Parking works very well. Especially with algorithms of the MinexBank, this looks like a promising project.

Yes, this is a quite innovative concept which already has met many interest of investors.


But one question. Why is the company registered in Hong Kong when most of the Team is from Ukraine? Do they all live in Hong Kong or does the business build in Hong Kong while other members work from Ukraine?

The answer is quite simple: tax reasons. Hong Kong can guarantee lower taxes rates than Ukraine, so it better to register a company there. Also, Hong Kong is one the main financial hubs in the world (unlike Ukraine) and thus it is a more favorable environment to work and estabilish a company. It has been a very good choice done by Minexcoin team.