MinexBank Update: Algo Upgrade

MinexSystems’ team is pleased to announce that MinexBank algorithm’s test period has fully completed. As you may remember from the official Memorandum, this period was needed for the final debugging of all processes involved in MNX volatility correction. Overall, we estimate passed tests as successful: the algorithm has demonstrated an adequate response to entirely different market scenarios.

Along with the favourable assessment, test period had revealed number of issues that affected the efficiency of the whole algorithm’s work. In particular, the analysis revealed the need to add additional variables such as:

1. An absolute value of trading volumes.

2. The relative change in the growth rates of trading.

3. The absolute total amount of parked coins.

4. The projected level of payments.

At the moment, all updates have implemented and now are testing by the Q&A team. From the beginning of general testing to present, the algorithm works in an autonomous mode with the manual verification of its solutions. Namely, the MinexBank system makes decisions on changing rates by itself, but in fact, they come into force only after confirmation by the analysts of the project.

After the updated algorithm is launched, the leading team forces will focus on finalising and presenting the decentralised MinexExchange. To date, a successful Atomic Swap has conducted between the test and working networks of Minexcoin. Approximately at the end of this month, we’ll provide you atomic transactions between Minexcoin, Bitcoin, Litecoin and Decred blockchains.

The official release of the exchange is scheduled for March 2018. More about this you’ll find in the updated roadmap which we will publish within a few days.

Stay in touch!

Boris Shulyaev, CEO MinexSystems.