What is parking?
Parking is a confirmation of the intention of Minexcoin holder not to bring the coins from the wallet to the market within the specified period of time.
Basically you will earn MNX just by HOLDING it for a YEAR , MONTH , WEEK and even for a DAY.
How can i Park my MNX?
First of all, make sure you determined exact number of coins you want to park and defined the parking period. Then do the following:
- Register you wallet address on Minexbank
- Choose the parking period among Daily, Weekly, Monthly and Yearly
- Enter the amount of coins to park to the field Amount or click Park All
- Press Create button on the right of the block
below is the current interest rate for parking MNX.
So let's compute how much you will earn for just parking your Minexcoin on Minexbank.
let's say you invest $1000 in Minexcoin at the current rate of $27.06 USD per Minexcoin.
You will get 36.9 Minexcoin.
Now let's compute how much you will earn for parking you're MNX per WEEK for a MONTH (We use weekly parking for this computation because it is currently gives the best interest right now which is 4.5%)
On the first week of parking you will earn 1.66 MNX
Second week - 1.73 MNX
Third Week - 1.81 MNX
Fourth Week - 1.89 MNX
So now you have 44.00 MNX x $27.06 = $1190.64
Assuming that after 1 month MNX is still at 27.06, You just earned $190.64 in a month.
Now let's say after a month MNX reached the $70 price again like it did last Dec 3, 2017.
You're 44 MNX is now Worth $3,080.
In just a month you already tripled your initial investment.
That is one of the reason why Minexcoin is a great investment