The summary of todays news and statements directly from our CEO.
(translated from Russian)
Regarding MinexPay cards- The first series of cards will most probably be Mastercard.
- We are not disclosing the card issuer yet.
- You can expect the details on the bank (issuer bank?) to be released over the course of the next several days.
- Card deliveries will be made from Kiev, Ukraine.
- We are 98% sure that cards will be sent out this month, however, it is possible that there will be a one weeks delay between the day the cards are sent out and the day they can be activated.
- We are still considering different courier delivery services.
- Direct legal arrangements with Visa or Mastercard has never been a part of our plan. All agreements will be signed with affiliate.
- With the launch of cards, your personal account on minexpay.com will allow operations with web-wallet.
- Prior to launch the app is going through the regulators tests. (Regarding question about cybersecurity)
- There will be both VISA and MC cards.
Instabuy- Coins for Instabuy are «borrowed» from the ICO/Bounty account, and, as such, need to be returned. Buybacks will happen.
- Its not yet time for buybacks.
- Taking into account the last transactions, so-far around 80k coins have been bought through Instabuy, 27k of them on the Saturday-Sunday night. This was the situation that caused the dump. Theres no such possibility any more.(fixed)
- Instabuy caused the amount of card orders to rise threefold.
- Q: Why not link Instabuy to card addresses only?
A: We havent launched a MinexPay app yet and are not generating addresses for the minimal required (on-hold) amount, so theres no option to top it up directly via Instabuy. It should be done. The predisposition to price manipulation has been removed. (Talking about Instabuy)
General- Rebranding is only the change of visual and verbal representation (image?) of the project. There will be no changes to the essence of the project.
- Bounty and ICO coin distribution will be stopped on 15th of October.
- The next major, and only logical, step for the project after the MinexPay is set and functional will be MinexMerchant.
- Please, dont «harassing» the support team so much. Their nervous system needs some rest as well.
- The next memorandum (and the subsequent decrease in the MinexBank parking rates) will be made with the launch of cards.