What does the coin price depend on?

Changing interest rates in the MinexBank is aimed at keeping MNX price within the range of no more than 5% of the previous day’s closure price. 

The price itself depends on many factors including general direction of the altcoin market, the balance of demand and supply, politics and different events in the project’s life.

Note that the price range for MinexBank algo operation is linked to USD via the current top-10 crypto-currencies. There is no direct rate MNX/USD or MNX/BTC or any other direct exchange rate of MNX. MinexBank algo does not take into account the price you see at the market.

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