Post
Topic
Board Altcoin Discussion
Re: Banxshare scam.. Fake market cap coinmarket
by
MarkLyford
on 17/06/2015, 12:46:59 UTC
Firstly, Banx Shares are not a coin.  I think its a share issue based on various Bitcoin related businesses using the blockchain as a ledger. I guess this in itself leads to a question why it is on coinmarketcap at all.

From what I can tell, all investors receive their dividends on a monthly basis although there have been some customer service issues in recent times that are being addressed.

Mark Lyford, the CEO, seems to be extremely open about the business model and mechanisms behind it.

I think you're going to have to come up with more evidence to prove this is a scam.  

I don't own any Banx Shares but have been following the project since before it publicly launched.

Finally, every single person who works for Banx is public about their identity. Why have you created a new account to make a scam accusation?  Seems strange to me.  Why not use your main BCT identity?

So it's not a coin, it's an unlicensed security.

Yet another red flag that should tell you to stay away.

As far as I know, there is no requirement to have a licence to sell shares in your business in the UK.

For clarification we have never sold our crypto based banx shares to anyone publicly, hence the reason we are selling to private investors. All Banx for sale on exchanges are people selling their own shares.

many thanks