Minex price to payout valuation

in #minex7 years ago

I am new to MNX. It seems like an interesting idea. I am a bit skeptical but it seems to operate better than any scam I have seen so maybe it's legit. I threw in $190 about 10 days ago and I like what I have seen so far. This has led me to do some math and figure out a good price to buy based on the current monthly interest rate. In the short time I have watched it the monthly has been the obvious winner for parking rates and I am assuming that in the future.

I figured a good way to tell what a good price/parking rate ratio would be I am tracking the monthly parking rate and MNX token price daily. My strategy is to measure the amount of MNX I will cash out in one month for every $100 invested. With the limited data I have collected so far it looks like a good number is about .4 MNX profit per month.

For example: Today's monthly parking rate on Minexbank is 10.9% and the price at this moment is $31.21/token. If I buy $100 worth of MNX I will get 3.2 Minex that I can park on Minexbank. The bank will pay me .35 MNX at the end of one month.

My current data implies that .4 is a good target for a payout. In order to get a .4 pay out I will have a target to buy MNX at $27. This will give me 3.7 tokens that I can lend out for .4 MNX in a month. This is a 14% difference.

I am going to play with this and watch it. I am going to throw in a $100 here and there when the price is right. I plan to track the numbers and hopefully set better goals as I get more data. I repeat that I am a nube and not a pro.

Wish me luck.

3/22 One Month Parking Rate: 10.9%, Price target:$27, 30 Day MNX Token profit: .4

Sort:  


Exclusive 30 days free upvotes to your every new post. No need to send any kinds of steem or sbd its full free service. we have paid service too so please check them too. Active the free upvote service and learn more about it here : http://www.steemitfollowup.cf

WARNING - The message you received from @nirayma is a CONFIRMED SCAM!
DO NOT FOLLOW any instruction and DO NOT CLICK on any link in the comment!
For more information, read this post: https://steemit.com/steemit/@arcange/phishing-site-reported-www-steemitfollowup-dot-cf

Congratulations @quadra! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

SteemitBoard - Witness Update
Vote for @Steemitboard as a witness to get one more award and increased upvotes!