Coinexis allows consumers to convert their coins into valuable crypto currency. A jar of coins will move from having no value, into an asset that not only has a value, but one that can increase over time.
Every country in the world has the same issue of coins disappearing out of circulation resulting in huge costs to the governments who have to re-mint the coins to place back into circulation.
In our first year we will launch 1,000 machines across 10 countries, these countries have $73 billion of coins in circulation. We expect the average machine placed in malls will convert $1200 worth of coins every day - that is $36m worth of COEX coins purchased every month through our 1,000 machines once launched.