Live off the interest of your Cryptocurrency

Have you ever dreamed of the day when you could live off of your Cryptocurrency? Well, now you can. Meet MinexCoin (MNX), MinexCoin has a fascinating concept where the developers have created a coin (MNX) and a cryptobank (Minexbank) that work hand in hand to make a stable currency with a steady growth.

Their website states: "MinexCoin (MNX) is a global payments system based on a low volatility cryptocurrency which is a part of Minex ecosystem. Thanks to its stable exchange rate, MinexCoin is a reliable means of payment, while controllable growth of coin price makes it an attractive means of value storage. Containment of volatility and price growth are maintained by the system’s autonomous algorithm acting like a central bank, hence the name MinexBank. Financial instruments it employs would allow traders to earn from exchange rate margin without damaging the coin’s ecosystem. On the contrary, they would support it."

Now you may be wondering how you can live off of your coins. The MinexBank has stated that its algorithm helps keep the price of their coin from fluctuating up or down, in a 5% range, according to the growth rate that they have made of 42.7% PER ANNUM starting from $20usd.

Since the coin hit the exchange, Livecoin, in November, it has risen from around $2.50 to $34.75 (as of the writing of this article) in 1 MONTH!

Now lets crunch some numbers:
If I was to buy 100 coins at $34.75 that would be a $3,475 investment. Now the Minexbank has several interest rates: Day 0.29%, Weekly 5.1%, Monthly 8.6% and Yearly 70%. Each week the rates change a little. But if you do the math you will see that the most profitable is doing the weekly.
For the sake of keeping things simple we will do our math with 100 coins for 5% weekly.

100 coins at 5% at the end of 1 week would give you 5 coins. 5 X $34.75 is $173.75usd for 1 week or $24.82 per day. Not bad for an investment.

If the weekly rate of the bank stays at 5% for an entire year (could be higher or lower), 100 coins compounded weekly at 5% is 1,146.7399785754 coins. That's $39,849.21 from an investment of $3,500!!! Once you get to 500 coins your weekly interest of coins is 25 at $34.75 each, means you are raking in $868.78usd a week. Most people can live off of $500 or less a week, giving you $368.78 you can put back into Minexbank along with your other coins.

***Disclaimer**** All numbers are based off of current rate. Price and rates could change in the future and this article should not be taken as anything more than my opinion on the matter. I can not be held liable for any money that may be lost due do market fluctuations. You can buy me a nice phone if it pans out for you though. :-D

Thanks for reading my article and please up-vote and re-post.