Minex project was designed with pre-build major flaw. It is impossible to have low price volatility and at the same time to give 70% yearly interest which generates hyperinflation in the system.
Attracted with promise of 70% interest rate and promise of maintaining low price volatilty,investors start pouring ,counting on big returns.Too late for them they realized that if someone gives you 70% interest per year,will take you through multiple times bigger inflation not just interest,but big part of initial investment.
Attracted with promise of 70% interest rate and promise of maintaining low price volatilty,investors start pouring ,counting on big returns.Too late for them they realized that if someone gives you 70% interest per year,will take you through multiple times bigger inflation not just interest,but big part of initial investment.
Maybe if they spent less time playing table-tennis and more time actually working they would have made a success of Minexcoin/Minexsystem/Minexpay but now the project is dead.
It is being used to scam newbies and gullible investors in order to siphon-off funds to get ready for the Republia scam
