Ukrainian-based Minex, a platform which aims to solve issues faced by the investment sector, has opened subscription of its MineCoin cryptocurrency. The Minex platform uses blockchain technology to protect investments by eliminating the risk of outside influence and data loss.
Minex contains a system of investments, payments, distributed trade registries and smart contracts built on blockchain technology. Minex Crowd-business Management and Investment is an open source platform that allows investors to invest in small and medium businesses as well as startups which is entering the development phase. The Crowd-business Management and Investment platform incorporates crowdfunding and crowd-investing functionalities to allow anyone to invest in the projects.
The platform will be supported by a decentralized exchange, a decentralized bank, payments system and debit cards, and a global MineCoin cryptocurrency network. All transactions on Minex platform will be made using MineCoin, a MARS algorithm based cryptocurrency. The platform will allow companies to create digital stocks in the form of crypto-tokens. These digital stocks can be used to raise funds by organizing a crowdsale on the decentralized exchange. After a successful fundraising, the digital stocks will be made available on cryptocurrency exchanges where investors can trade their digital stocks at market value.
The Minex decentralized bank links fiat based traditional financial systems and the MineCoin system. It facilitates the flow of capital through debit cards and cryptocurrency. It also offers loans through smart-lending.