Post
Topic
Board Announcements (Altcoins)
Re: Munne丨POS 丨POD丨New Wallet丨Marketing丨Browser Game丨MunneU - University
by
Piston Honda
on 14/05/2015, 19:31:37 UTC
Great job so far nearly 6 months in and the Its valued @ 10% of Ico price ,, while still holding 100btc wich should make it worth at least 2000 sat per coin .. Why do u think that is Mchrono ?


I would like to blame Halinyo for that but that would be a lie .. its all on u and Dev plus ..


Its just game over. I don't see why everybody is so overly concerned about what happened here.  It's also not at all surprising where we are today given how short lived altcoins are.

I'm going to spend a couple minutes to inform you of exactly what happened At MNE.

1. The goal was to make as much BTC as possible. So, viability was important, plenty of pretty graphics and a cute video was made along with some fluff paper wallets.
2. Michael was very likely part of this whole set up but without using aliases, he could not risk his reputation on something that could have ended up being  a Scam.
3. Invoices to Michael mean nothing because its not like a succinct account of how ICO funds were used was kept. It could go as far as Michael paying himself.
4. Quite a big ICO buyout was secured which was further bolstered by inside buying from Michael and the dev team. This meant, that they got free coin and could sell at whatever price.
5. Roadmap items keep people from selling before they do because it gives people the illusion of price bumps. The intention of course is to secure buy support and drizzle out their free coin completely before just disappearing. Any items released are extremely poor quality and are bought for very cheap. No real progress is made because there was never any intention to make real progress. munneU was a somewhat customized template and the browser game was a straight up copy.

6. Excitement leading up to "beta" munneU and other roadmap items causes some more buy interest which is important to the team because they want to keep everyone who holds to keep holding so that they can continue offloading what coin they have left.

7. The team finishes selling off all their coin at way below ICO levels because it makes no difference what price they sell at given their coins were free. They move on and never look back.

The notion of an ICO raising 200+btc and only producing some modified template features show really the reluctance to put bACK into the coin. The coin was just a very viable speculation and they knew the ground work was what was going to make them the money. Actual work will never happen and I'm sorry for everybody here as well as myself.

I put 30btc in total (20 at the ICO) and I sold out way before munneU at very substantial losses. But hey, you lose some and you win some. Just as long as everybody wakes up to the reality.

pretty much this right fucking here. sad.

ironically you have just pretty much posted the template for 8 out of 10 coins launched in crypto for the past 1.5 yrs lol!!