This article will relay all of Minex.io Updates. Starting when the update happened, who was affected, and what was it about. I will try to be as detailed as possible when making this article to avoid any confusion and allow full transparency of Minex operations since Minex is all about trust and transparency between its employees and investors.
Updates List:
Date: October 3, 2016
Update: Minex Changes Domain
This update was the start of Minex.io. Minex, originally known as CloudMiningIndex, changed the domain to Minex.io to start a brand new project in which investors can deposit their bitcoins and earn a daily profit. The whole operations was affected since it was a brand new
Date: October 4, 2016
Update: Minex supports credit card payment and bank transfers
This update allows investors to purchase cloudpacks by using their credit cards or by transferring money from their bank accounts. As a result, it grants investors an opportunity to join the project even if they lack the funds and knowledge of Bitcoins.
Date: October 27, 2016
Update: Minex Introduces telegram chat to connect with investors and Minex employees
This update allows investors to speak and communicate with Minex employees through the telegram app. With a live chat system, investors can speak their minds and offer advice on how to improve Minex in the future. It also allows investors to get instant help if a problem should arise in their account or on the site itself.
Date: October 30, 2016
Update: First update of Minex Team Members
This update pertains mainly to Minex Executive Team members. This update purpose was to purge inactive employees from the team and add new, active, members that are committed to the support and improvement of Minex.io
Date: November 12, 2016
Update: Minex invests in Ethtrade, one of the leading bitcoin trading sites
This update starts the addition of investing into new bitcoin sites to generate new income for Minex investors and Minex itself. With the help of many investors, a small fund of 0.5 BTC was invested into Ethtrade. This update affects everyone, as it officially starts the "game to win."
Date: November 14, 2016
Update: Whitepaper and coding begins for Minex new Project - Minex Coin
This update marks the beginning of Minex new product - Minex Coin. This product will act as a share in the company, thus allowing investors to invest into the company, then sell it later at a higher price. Any investor, including employees, can purchase these coins.
Date: November 24, 2016
Update: Minex creates promotional ad in runcpa.com
This update is to promote Minex in hopes of increasing capital to invest, thus allowing increased profits for Minex and its investors. This affects new investors because they may earn a percentage of each successful Coin or cloudpack purchase; acts like a referral program.
Date: November 25, 2016
Update: Two investments from Minex start to fail
This was the first hit on Minex investment plans. BC-Prime and Biteminer, two of Minex investments companies turned scam. However, Minex only lost profit to BC-Prime as they earned a profit from Biteminer before closing. Minex waits for confirmation to see if it was a problem or a complete lost on investments.
Date: November 28, 2016
Update: Work starts on the description of Minex new product - Minex Coin
This update starts the description of the coin. It describes what the product is, how it works, and what investors can do with this new product.
Date: November 30, 2016
Update: Minex hires new team members
This update adds new team members to Minex executive team which brings Minex back to its full potential. It's after the purging of the old team and Minex accepting applications for unfilled positions.
Date: November 31, 2016
Update: Special promotion for new investors
In this update, Minex offers a special promotion for existing and new investors. By purchasing one cloudpack, each investor is entitled to one Minex Coin per cloudpack purchased upon the released of the coin.
Date: December 2, 2016
Update: Cloudpacks payout ratio drops 40% because of an investment failure
This update is just a result of the recent investment failures. Since Minex lost about $3000, Minex lowered payout ratio until funds are recovered.
Date: December 3, 2016
Update: Minex starts special pre-sale for Minex Coin
This update starts the pre-sale of the new product. It allows users to purchase these new coins at 40% off at a price of $7. The sale lasts until January 1, 2017, when Minex changes the price to $10.
Date: December 10, 2016
Update: Payouts on hold until new ratio can be determined
With Minex income dwindling since the loss of Biteminer and BC-Prime, Minex temporarily suspended all daily payouts for 2 days until they created an emergency payout ratio that allows Minex to recover more funds then spend it. This affected every investor as many were worried about the sudden suspension of all daily payouts. However, with the quick action of Minex Support, every investor was compensated. The payout is only in effect for several months.
Date: December 17, 2016
Update: Payout ratio set to 25% yearly until lost funds can be recovered
This update discusses the new payout ratio for investors until Minex recovers the $3000 loss from BC-Prime. Every investor had to vote and agree for the new ratio, which was successful. The payout ratio is set to last until April 2017.
Date: December 19, 2016
Update: New Minex employees are hired
Since the purging of Minex inactive members, Minex officially hired new, active employees to fill in the empty roles after a one-month application period to find the most qualified people.
Date: December 22, 2016
Update: Minex.io official whitepaper released
This update marked the released of the Minex official whitepaper to the public and to every Minex investor. It allows new companies that want to be partnered with Minex, what Minex is about and its purpose to its investors and the community.
Date: December 27, 2016
Update: List of potential investment sites is organized for reviewing
This update was brought by Minex cloudpack manager, Fabian. He created a list in which investors can propose new sites or companies that should be added into the cloudpack package. Each investor could add a site or vote to support a proposal if they wanted to get their voices heard.
Date: January 9, 2017
Update: Minex starts updating site information
This is the first update since the new year and its pertains to Minex overall descriptions about its services and purpose. Some tabs that were affected was the FAQ, about tab, news, and minor spelling errors. This was all done and edited by David Suzuki.
Date: January 17, 2017
Update: Second revision of Minex whitepaper
This update is a continuation of the whitepaper. After inputs from many investors, a second version of the whitepaper was written up to create an elaborate explanation of Minex operations. This update was a success thanks to the investors in Minex.
Date: January 18, 2017
Update: Second financial report for Minex
This update is mainly to inform investors of Minex current financial status. With that report, investors had the option to reinvest more money back to previous, reliable, sources, or choose to save it for new projects at a later date. This is the first report after the loss of BC-Prime and Biteminer.
Date: January 20, 2017
Update: Minex updated FAQ
This update is a continuation of Minex major update of its site information. The main part that was updated was the FAQ section. This section added over 40+ new questions and answers to help investors if a problem should arise and who to contact if the problems persist.
Date: January 22, 2017
Update: Minex updated FAQ second revision
After a couple of days of completing the draft of the FAQ section, numerous investors provided their own feedback about some of the questions and answers. With this valuable input from the Minex community, Minex was able to make a complete and updated FAQ for its investors.
Date: January 24, 2017
Update: Completed Whitepaper for Minex
This update completes the construction of Minex whitepaper. After adding input from investors and the community, a second revision was done to the paper. Shortly after, Andrew, Minex copywriter, released the whitepaper on Minex chat for every investor to look at.
Date: January 26, 2017
Update: Special promo for Minex Coin is completed
It been over a month since Minex started its pre-sale promotion for its new product Minex Coin. The promotion raised over 2.5 BTC ~ $3000. With this extra capital, Minex was able to further develop its website and was also able to start the coding and creation of Minex latest development project, CMX token.
Date: February 1, 2017
Update: Minex invests 5 more BTC into new mining contracts
With the loss of BC-Prime and Biteminer, Minex took a vote to invest 5 more BTC, 2.5 a piece into Hashing24 and Genesis-Mining. This effort will result in increased payouts, thus allowing Minex to once again increase its payout ratio; making everyone happy. This investment will affect everyone; Minex and its investors.
Date: February 8, 2017
Update: Minex votes for a 1 million coin maximum
This update comes at the ending of a voting session in which 1 million coins will be the max for Minex new product - CMX Token.
Date: February 15, 2017
Update: Minex votes to invest in private BTC mining farm, but fails because lack of funding
In early February, a private mining firm came to Minex attention when it would like Minex to invest in new machines, at which the company would run, in exchange for 70-30% split between Minex and the company. Initial voting was a success, but the deal was turned down because Minex lacked the necessary funding to purchase the machines.
Date: February 17, 2017
Update: Minex starts voting for key holders for new Minex Token
This update is about nominating trusted key holders that will store and manage Minex, Minex Coins. The nominees must prove they are trustworthy and reliable to hold on to the coins.
Date: February 18, 2017
Update: 1 million Minex Tokens are pre-mined
This update announces the pre-mined of Minex Coins. With 1 million coins mined, all that needs to be completed is putting Minex coins on the exchanges and creating the multisig wallets for storage.
Date: February 20, 2017
Update: Published CMX Wallpaper
This update completes the finalization of Minex purpose and addresses what Minex wants to do in the crypto coin community.
Date: February 22, 2017
Update: Minex hires crypto coin coder Jim Blasko to code CMX
This update signals the beginning of Minex major projects. The first of which is creating a coin that is exchangeable on exchanges and also has the power to influence decisions in Minex operations.
Date: March 4, 2017
Update: Coin is completed, Minex verifies validity of product
This update announces the completion of CmX and Minex verifies integrity and functionality of the new coin. With the Coin completed, Minex is on track to putting the new coin on bitcoin exchanges by April 2017.
Date: March 4, 2017
Update: Minex pays Jim Blasko for completion of CMX
That afternoon, after several test runs and background checks on the program, Minex concluded that the coin provided passed all specs that were stated and paid Jim for his services.
Date: March 5, 2017
Update: Minex creates action plan for upcoming projects
With a lot of upcoming projects on its way, Minex decides to create an organized plan to help new investors see the progress of Minex from start to the present day.
Date: March 6, 2017
Update: Second revision of Minex Team List
With new employees joining the Minex team, Minex agent David Suzuki revised the employee list and fired employees that were not participating or completing their work.
Date: March 7, 2017
Update: Revising Minex whitepaper
As Minex continues to strive and bring investors profit from mining contracts and trading sites, Minex revises and adds new information pertaining to new upcoming projects.
Date: March 9, 2017
Update: Minex votes for dynamic pricing of Minex Coins
This update starts the voting for Minex Coin value. As the coin will constantly increase in value over time at a rate of 0.5% daily. This means that the coin will increase in price at a constant rate, making the coin worth more every single day.
Date: March 10, 2017
Update: Minex changes algorithm from POP to POG
Minex decides to change the algorithm for Minex coins from proof of participation to proof of genesis. This means that new coins can only be created when investors create or propose something new to the Minex community. Thus, this makes Minex coins really hard to obtain.
Date: March 13, 2017
Update: Minex finalizes keyholders of CMX into two teams
With security as number one priority for Minex employees and it's investors, Minex decided to create two multisig wallet teams to manage the coins. Each team consists of 5 members and require three members to send out coins.
Date: March 16, 2017
Update: Minex officially implements dynamic pricing on Minex Coin
After a week of voting, Minex announces that the coin price will be changed to dynamic pricing. Effective immediately.
Date: March 17, 2017
Update: Minex tries to terminate old payment contract and propose a new one for its employees
With most of the core team gone, Minex has to terminate the old contract and reform a new payment contract for its workers.
Date: March 18, 2017
Update: Minex creates public itinerary to show investors what changes are going to be made
Since Minex launch in 2016, Minex strives to remain transparent to its investors at all time, thus they created a folder in which the public has a chance to see all of Minex operations.
Date: March 20, 2017
Update: Minex declines two potential projects
With many projects already in queue and many tasks backlog, Minex had to make a tough decision to decline two potential investment program that could have helped Minex strive in the future. This was due to the rejection from Minex investors.
Date: March 20, 2017
Update: Minex users must have number of coins in their chat name
Since Minex Coins are shares of the company, Minex created a new regulation stating that all investors that wish to vote must have a number of coins in the username.
Date: March 20, 2017
Update: Minex passes 2/3 vote proposal
This update states that any proposal that occurs in Minex must have a 2/3 vote of support to accept or decline a project in order for any action to take place.
Date: March 22, 2017
Update: Minex plans to submit application to Poloniex
With April around the corner, Minex starts filling out applications to bitcoin exchanges to list their coin on these sites so users can trade for other currency, etc.
Date: March 24, 2017
Update: Minex passes vote to terminate old contract and pay its employees
This update pertains to Minex employees and it's about paying them for their services to the company.
Date: March 29, 2017
Update: Minex passes new payment plan for its employees
This update lets every investor know the new payment plan for Minex employees.
Date: March 31, 2017
Update: Minex passes proposal to implement a faucet system to help potential investors join Minex without spending any money
This update states that Minex passes a voting, stating that Minex plans to implement a faucet system for new investors that have no affiliation to Minex and have a chance to get Minex main product, Minex coin for free.
Date: April 2, 2017
Update: Minex creates team to come up with faucet system
Not much information has been disclosed about this topic, but all that can be said for now is a small group of Minex employees was charged with the task to come up with a faucet system plan for new investors.
Date: April 10, 2017
Update: Two more members join Minex Team
Things were getting slow in Minex chat until Minex hired two additional members to the team: Alex Curtis and Michael Zemeckis. Their job is to promote Minex on social media and create new definitive logs that describe Minex operations.
Date: April 12, 2017
Update: Signs that Minex Coin soon to go on exchanges
This update is about Minex Coins. Several months ago Minex released a statement that Minex is selling Minex Coins and will be on exchanges soon. Months have passed without any updates about the project. Then today, Minex announces that they have paid for a blockchain for the coins and all that's in the way now is an exchange to take the coin.
Date: April 14, 2017
Update: Important Updates:Wallets
This update marks the release of the CmX wallet clients for Windows and Mac. This wallet will be used to store CmX coins for those who bought them back in January.
Windows Wallet
Mac Wallet
Date: April 17, 2017
Update: Minex Finalizes POG Article
This update tells new and upcoming users what Minex Algorithm is based on; POG.
POG Article
Date: April 17. 2017
Update: BOD votes to limit coin sales to increase rarity of coin
Today's voting made it official that CmX coins are about to get rarer as Minex decides to only distribute a set amount of coins per a set amount of time.
Date: April 18, 2017
Update: Minex plans to add a counter for approved plans
With new people contributing ideas to Minex, Minex decided to implement a counter of approved ideas into its website to promote users to contribute to discussions. After every month, Minex will give 1 CmX coin to the person who contributed the most.
Date: April 20, 2017
Update: Minex Coin Update: Blockchain is online
Last week Minex paid 0.1 BTC to block experts for a blockchain for Minex. Today our coin was listed on its site. Now all that's left to do is add our coin to an exchange.
Date: April 20, 2017
Update: Wallet Manager changes hands
Today David Suzuki will assume the role of Wallet Manager as the previous person decided to retire from that position.
Date: April 22, 2017
Update: CmX Verification and Distribution Updated
All users who own Minex Coins must complete the verification process to receive your coins in your personal wallet. For those who are going to use exchange wallets, must wait until an exchange has been found.
CmX Verification Form
Date: April 24, 2017
Update: Coin Distribution Begins
After people started filling out the form, coins were distributed after their account was verified.
This article will be updated as soon as new information is released to the public by Minex employees. If you want to take part in this company, sign up here and join over 200+ investors that already put their trust into Minex.io
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