Quote from: Racquemis1 on November 09, 2018, 05:00:45 PM

Quote from: mr.pacy.mf on November 09, 2018, 02:56:48 PM

Quote from: Racquemis1 on November 09, 2018, 02:44:27 PM

Quote from: thunderjet on November 09, 2018, 06:10:27 AM

Another problem is that Minex already sold 3 of 5 millions coins or about 60%. They need money to pay workforce and expenses and with MNX price so low ,they will need much more coins to sell.

Minexsystems doesn't rely of their mnx to fund their work. The company has its own funds outside of crypto. They have investors outside of the Ico that invested fiat in the company and also Boris invested alot of his own funds.

Development will continue regardless of the price of mnx. That's the good thing about it. They won't go bankrupt if the coin decides to nosedive.

what about 70-80k m'n wasxselled from premine trough instabuy

All BTC held as a buffer to prevent further sell pressure when cards are released. Cards wusage will basically be the instasell

Maybe Minex has outside funds,but it proved insufficient.They sold 3 millions coins for a year. 1 million was spent on paying parking interest,but 2 millions for expenses. Maybe at first they relied on outside funds,but not any more. Development cant continues regardless of MNX price,because when Minex sold all their premined coins it will not be able to cover expenses without heavy financial injection from outside.

As I said before ,they cant rely on cards to reduce pressure on coin,because in best case scenario with fully qualified people to work on it, they will need at least 8-10 months to get card and then only for EEA zone ,not worldwide.Providing VISA or Mastercard permission proved very slow and painful process to much bigger companies than Minex.