Hello, community! It’s becoming a good tradition to make a weekly report about how things around MNX are going. So, we’ve got a report about the second week of listing.

The first part of the previous week started, as we expected, with the stable growth of all MNX factors, but by Friday situation changed dramatically. Minexcoin entered a “Biggest Gainers” list on the Coinmarketcap. In a bunch with the marketing support, this achievement had provided an increasing interest to MNX from crypto-enthusiasts and had made a boost both MNX price and volume indicators. In a matter of hours, high demand on MNX led to reach a historical price record. MNX raised up to $10,38 what you can see in a graphic below:

However, by the end of the next day, anyone who had wanted to buy MNX bought coins and some of the buyers, like our statistic shows, parked them in MinexBank. Due to this MNX price smoothly came down to $6–7 per coin and now it shows a sideways trend and fluctuates around $7 per coin.

Now let’s take a look at overall MNX figures:

The MNX price rose by 39% in BTC since the last report

Second week trading volume is 530 000 USD

The number of MinexBank users increased by 21.69% since last week

The number of Parkings increased by 24.77% since last week

Also, we’d like to pay your attention to the situation around Bounty campaign. Our bounty managers work on the reward withdrawals to the last bounty participants. We have 309 requests left at the moment. Their total amount of the reward is 12351.92766327 MNX or ~4% of the total amount pledged in the Bounty campaign.

As for the rest of the news, especially related to the development of our products, we’ll keep you abreast of our progress. Of course, our team understands the concerns of the community, which you voice in our communication channels, but we don’t want to make unfounded statements. In fact, the team is fully focused on the work in two main directions — long-term and mid-term plans.

According to long-term plans that are subject to the White Paper, we’re working on a new client for the MinexBank. The mid-term plans (from MinexBank Memorandum) include a number of challenges we’re solving now. These are the realization of the stock strategy agenda, MNX integration to the third-party services, and assessment of MinexBank’s work during it algorithm calibrating. So thank you for your patience.

Keep this up!

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