Your thoughts on MinexCoin?

I just came across another ICO this morning...its a coin with a claim to fame for having low volatility.

"MinexCoin has announced that its ICO (Initial Cryptocurrency Offering) has started on May 15th, 2017 (GMT) and will last 30 days. During the ICO, a total of 150,000 MinexCoins will be available."

"The main purpose of MinexBank is to stabilize the exchange rate within the range of no more than 5% of the previous day’s closure price. The five per cent growth owes to the practice of global stock exchanges. Once the values are reached, stock markets halt the trading, thus preventing speculators and misguided investors from dictating their own prices.
Once the limit values of the five per cent range are reached, MinexBank has two options: it either changes interest rates for parking payouts, or intervenes to keep the price within the preset range. Coin parking and intervention are the basic
financial instruments used by MinexBank."

Looks like they are offering a 50% investment bonus for the first few days...might be past that actually.

They raised over 1000 BTC in their pre-ICO, not bad at todays price LOL They have an ecosystem planned...smart...

Here is the whitepaper https://minexcoin.com/html/download/wpeng.pdf

Coin parameters
Total amount: 19 000 000 MNC
Block rewards: 2.5 MNC
Hashing algorithm: Mars
Block size: 2 MB
Block time: 2 min 45 sec
Distribution
Premining: 5 500 000 MNC
ICO (subscription + presale + bonuses): 2 700 000 MNC
Bounty: 300 000 MNC
MinexBank reserve: 1 500 000 MNC
Developers’ and advisors’ capital: 1 000 000 MNC

Its worth checking out the whitepaper, there are all kinds of ways to earn free coins/shares by sharing on social media and such! Let me know your thoughts! Thanks!