This is my 2nd post on this specific coin, you can read previous post for passive income by visiting following link Passive Reward. Its unique feature of controlled volatility even in this current dip of crypocurrencmarket has led me to write another post on this coin.
Bitcoin seems to eating up dominance of Altcoins with its current dominance of 44.5% and even the high caps like Ethereum, Bitcoin Cash, Litecoin, Neo etc took a major blow this time.
Despite all this, MINEXCOIN has managed to retain its price from $27$- $30. How they are achieving this? It can be explained by MinexBank: Smart Algorithms
It tackles the issue of high volatility by automatically regulating demand and supply at exchanges. To do that, it uses certain algorithms that encourage coin holders to buy, sell or keep their assets depending on the balance of supply and demand at the given time.
Excessive Demand Case
In case of excessive demand, the interest rate for parking payments will decrease. This will cause asset holders to enter the market, which in turn will cause the price to go down. In case this method fails to work effectively enough, MinexBank starts selling the assets itself in order to subdue pressure from buyers.
Excessive supply case
In case of excess supply, the interest rate for parking payments grows, thus withdrawing the excessive amount from the market. In case this method fails, MinexBank buys the assets to subdue pressure from sellers.
Again Minex seems to be safe investment for traders and this low volatility adoption by other coins can somewhat stabilize the market in future. If you want to read full operational details then you can read its whitepaper:
Minecoin Whitepaper