The modern MNX Markets is built on the MegaETH blockchain and uses non-custodial smart contracts, meaning users retain ownership of their keys. However, users should note the platform is in testnet and has not completed all mainnet audits.

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MNX

Q: What is the Purpose of MNX?

The primary goal of the MNX ecosystem is to bridge the gap between volatile cryptocurrencies and stable financial instruments, whether through algorithmic stability (MinexCoin) or by providing a sophisticated trading platform for AI-related economic indicators (MNX Markets).

Q: How Can I Participate in MNX's Ecosystem?

Users can participate by joining the MNX Markets testnet to trade AI-themed perpetuals or by researching the legacy MinexCoin documentation for historical context on algorithmic stablecoins.

Q: What Sets MNX Apart from Competitors?

MNX distinguishes itself by focusing on 'real-world' AI economy metrics, such as GPU pricing and AI stock derivatives, which are often ignored by traditional DeFi platforms.

Q: What are the Risks Associated with MNX?

Risks include low liquidity for the legacy token, the experimental nature of the new AI derivatives platform, and potential smart contract vulnerabilities inherent in any early-stage DeFi protocol.

MNX is a decentralized futures exchange dedicated to building an AI-native derivatives infrastructure that covers GPU rental prices, data center electricity cost futures, AI benchmark and financial prediction markets, and global AI-related stock perpetual contracts.

What is MNX?

MNX refers to MinexCoin, a legacy cryptocurrency designed as a global payments system with low volatility features. Historically, it operated within the Minex ecosystem, utilizing an autonomous algorithm known as MinexBank to maintain price stability and act as a decentralized central bank. In more recent contexts, 'MNX' also appears as the brand for a modern non-custodial futures platform (MNX Markets) focused on AI-related financial instruments, such as derivatives for GPU prices and AI company stocks.

How Does MNX Work?

The original MinexCoin (MNX) functioned on a decentralized blockchain using the 'Mars' algorithm, where the 'MinexBank' algorithm regulated supply and demand by adjusting interest rates for 'parking' coins (staking) and performing market interventions. In the modern MNX Markets platform, the technology operates as a non-custodial exchange on the MegaETH blockchain, allowing users to trade AI-adjacent assets and perpetual contracts without relinquishing control of their funds.

What Makes MNX Unique?

MinexCoin was unique for its 'MinexBank' feature, which attempted to combine the growth potential of a cryptocurrency with the stability of a fiat currency through algorithmic central banking. The contemporary MNX Markets stands out by being one of the first platforms to offer a 'Bloomberg terminal for the AI economy,' featuring unique prediction markets pegged to AI benchmarks and Nvidia GPU price perpetuals.

Who Are the Founders of MNX?

The original MinexCoin project was founded by Boris Shulyaev (CEO) and Ruslan Babych (CTO). The modern MNX Markets platform, which is currently in a testnet phase as of early 2026, was founded by Stephen Grugett, who is also known as the co-founder of the prediction market platform Manifold Markets.

Latest News

What Key Events Have There Been for MNX?

Significant milestones for the original MNX included its ICO in 2017 and its attempt to integrate with payment cards. For the new MNX Markets, the most significant recent event is the launch of its testnet in early 2026, featuring the world's first perpetual contracts for H100 GPU prices and its deployment on the MegaETH blockchain.

Project Announcements

The MNX Markets team recently announced the integration of AI capability benchmarks into their prediction markets and the launch of non-custodial futures trading for AI stocks on their 2026 testnet.

Upcoming Events

Latest Airdrop

While no specific airdrop for a native MNX Markets token has been confirmed, the platform currently operates on a testnet where users can participate in simulated trading; participants often look for potential future rewards for early testers.

ICO Time

MinexCoin's ICO took place in May 2017. The new MNX Markets currently has no public ICO scheduled.

IDO Time

No active or upcoming IDO is currently announced for MNX.

TGE Time

The TGE for the original MNX was in 2017. The modern MNX Markets has indicated it may operate without a native token to avoid reflexive price dynamics.

Projects Announcements

Where to Buy MNX?

The original MinexCoin (MNX) has limited liquidity and is largely delisted from major exchanges. Historically, it was traded on platforms like Livecoin (now defunct) and Exmo. For the newer MNX Markets project, there is no tradable token as of mid-2026, as the platform is focused on being a non-custodial exchange for other assets.

MNX Price

Daily Trading Volume

Trading volume is currently negligible or unavailable on major tracking sites like CoinMarketCap for the legacy MNX coin.

All-Time High

MinexCoin reached an all-time high of approximately $35.43 in late 2017/early 2018; it currently trades at a fraction of a cent.

All-Time Low

MinexCoin's all-time low is recorded at approximately $0.0039 in 2022, representing a nearly 100% decline from its peak.

Market Cap and Valuation

Market Cap

The market cap is currently unranked or listed as 'not available' due to low liquidity and inactive trading pairs.

Fully Diluted Valuation

The FDV is theoretical based on a max supply of 19 million MNX, but the lack of market depth makes this figure statistically insignificant.

MNX Price Prediction

There are currently no available forecasts from reliable experts or publications for MinexCoin due to its status as a legacy project with low market activity. Most analysts focus on the new MNX Markets platform's utility as a tool rather than a speculative token.

How to buy MNX?

To purchase MNX (if available), follow these simple steps using the Bitget Wallet:
Download the Bitget Wallet: If you haven't already, download the Bitget Wallet app from the official website or your app store.
Create an Account: Open the app and create a new account by following the on-screen instructions. Ensure you secure your account with a strong password.
Fund Your Wallet: Deposit funds into your Bitget Wallet by transferring cryptocurrencies or purchasing crypto using fiat currency through supported payment methods.
Navigate to the Market: In the Bitget Wallet, go to the market section and search for MNX to view available trading pairs.
Place Your Order: Select the desired trading pair (e.g., MNX/USDT), enter the amount you wish to buy, and confirm your order. Once the transaction is completed, MNX will be added to your wallet.

FAQ

What is the Purpose of MNX?

How Can I Participate in MNX's Ecosystem?

What Sets MNX Apart from Competitors?

Is MNX Secure?

What are the Risks Associated with MNX?

Community Sentiment

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at support.web3@bitget.com — we appreciate your feedback and will make improvements where needed.

MNX