Get acquainted with the results of successfully atomic tests between Litecoin and Minexcoin blockchains.
Hello, dear community! Our team continues to moving forward towards our trustless-exchanger. Step by step researching Atomic Swap abilities, today we are pleased to present you a new pair available for cross-chain exchange. It’s LTC/MNX.
As you remember, more recently we showed you the exchange process between Bitcoin and Minexcoin and presented the alpha-version GUI for our future product. Similar to BTC/MNX pair, the Atomic swap with Litecoin uses blockchains in Testnet modes. Coins in Testnet does not have any value and allow developers or testers to test new technologies without worrying about breaking the main chain or risk their assets.
To conduct MNX/LTC cross-chain exchange we’ve expanded the functionality of our framework, so you can also test it. To do it, just use the solution on our official GitHub at this link https://github.com/minexcoin/atomicswap
So far, the LTC/MNX exchange is not available in the GUI, but it will be added there with several new cryptocurrency pairs soon.
You might ask, why did we choose Litecoin? Well, it is one of the oldest coins on the market, which is used widely and popular almost like BTC or ETH. Just to remind you, Litecoin is the second (after Namecoin) fork of Bitcoin developed by Charles Lee in 2011. This coin is a peer-to-peer internet currency that enables instant, near-zero cost payments to anyone in the world. At the same time, Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. Moreover, this coin is considered as one of the few Atomic swap ready cryptocurrencies across the market.
And now let’s see traditional number indicators. On the end of the quarter they are: · The number of MinexBank users is 9740. · The number of Parkings rose to 13 256. · 42 times MinexBank changed its parking rates in the Q1. · MNX capitalization rose to 115,5M in March.
Trades of Bitcoin, Ethereum, Litecoin, Minexcoin on the Livecoin Exchange
Free registration on Livecoin
I would like to introduce you to the Crypto Exchange Livecoin and how my experiences there are. I have been on Livecoin for about 2 months, mainly because I wanted to buy Minexcoin there. Livecoin can trade a lot of coins or tokens, from Bitcoin, Ethereum, Litecoin, Dash and many other Altcoins.
What I’ve noticed very positively on Livecoin, you can exchange its bitcoins or other coins in euros, dollars or rubles on his account. This is a very interesting alternative, especially in the current phase / correction. You can wait for the correction in peace, while you have exchanged his Bitcoins, Ethereum or Litecoins in euros / or dollars, to later return to Bitcoin or another currency.
It will look like that. One parks his bitcoins in dollar terms and has the possibility to go back to Bitcoins or Ethereum.
So far I have not had any problems with Livecoin, all transactions have worked 100% so far. The option to exchange your coins in euros or dollars, in a troubled Krypromarkt I find very cool.
Under the hood, our today’s cross-chain exchange uses two blockchains — MNX and BTC — in Testnet mode. These are alternative chains that are separate and distinct from actual blockchains named Mainnets. Coins in Testnet does not have any value and allows developers or testers to test new technologies (like Atomic Swap) without worrying about breaking the main chain or risk their assets. In the video below we demonstrate how atomic exchange works in a console. It is the first official video of this process)
At the moment Minexcoin team is working on a user-friendly GUI for the Atomic protocol. Since it will be published on our site, a greater number of people will be able to test and feel the convenience of decentralised exchange. These developments will become the basis for the first version of the trustless exchange. We count to release an Alpha version of the GUI in the first part of April. Also during public tests, we will add new exchange pairs like LTC to MNX or DCR to MNX. As soon as the testing period completed, we will focus on the transfer of the necessary modifications to the MNX Mainnet from the Testnet, as well as conduct a SegWit.
MINEXBANK MEMORANDUM for the period of March-September 2018
Dear Minexcoin community members and crypto-market participants.
Being entirely aware of our responsibilities in reaching the main goal of Minexcoin project, namely, consolidation of MNX status as a reserve currency on crypto-market, MINEXBANK appeals to you with this Memorandum.
Since the launch of MNX exchange trading on November 1, 2017, MINEXBANK has consistently implemented an integrated financial policy which made it possible to achieve the following macroeconomic indicators:
In a short time reached the 20 USD/MNX average exchange rate (through the basket of the top ten cryptocurrencies).
Upon reaching the rate mentioned above, ensured the MNX to USD growth rate based on 42.7% per annum. This rate corresponded to the average annual growth of the market capitalization of top ten cryptocurrencies in 2016 – the first half of 2017.
As was promised in the previous memorandum dated October 31, 2017, MINEXBANK reviews the average annual MNX to USD growth rate based on realities of the cryptocurrency market development in the second half of 2017.
Given a significant growth acceleration of the combined market capitalization in the second half of 2017, MINEXBANK sets a new benchmark for the MNX to USD growth rate (based on the reached level of 20 USD/MNX). It sets at a rate of no less than 84.88% per annum. It means that MINEXBANK will pursue a monetary policy to maintain an average annual growth of USD/MNX rate not lower than 84.88%. If the market conditions dictate a higher level of this indicator, MINEXBANK will not perceive this as a deviation from declared macroeconomic parameters. The interest rates for MNX parking policy will be aimed exclusively at preventing the deviation of the average USD/MNX annual growth rate from the level of 84.88% downwards.
The basic interest rate remains at 70% per annum.
MINEXBANK will achieve announced indicators by using appropriate MNX parking rates, and if necessary, by direct interventions of BTC or MNX.
This Memorandum shall enter into force at the moment of its publication on the Minexbank official website and is valid for six months before the publication of the new Memorandum. In case of extraordinary occasions in the crypto-industry, MINEXBANK reserves the right to revise this memorandum prematurely.
Be the first to try Kepler!
Kepler is a single-entry intelligence platform for the crypto space. It has recently successfully passed the test of its first feature – Kepler Portfolio management app. Today, we’re taking the next step launching our private test of Kepler Coin Media Discovery.
Kepler Coin Media Discovery is a browser used to keep you in touch with blockchain markets. It is a personalised newsfeed of official social media accounts of each coin and token. Kepler Coin Media Discovery is the most comprehensive tool for real-time tracking of what’s happening on the cryptomarket.
At its current form of development, Kepler Coin Media Discovery has the following main features:
• List of Coins
• Official Twitter
• Official Reddit
• Official Facebook
• Market Cap
• Trading Volume 24H
• Current price
• Price change 24H
GO TO KEPLER COIN MEDIA DISCOVERY
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