This gets a new thread as it is a different point to the Banx Gaw thread.

As per the title Banx is misleading its customers through manipulation and incompetence. However +1 for their creativity.

I believe the crux of the matter here is the market-cap of Banx.

There is no market-cap of Banx

They should be immediately removed from coinmarketcap. Gliss you are doing us all a disservice by leaving it up.

I say there is no market-cap because there is no market. Their +1 creativity is in their extremely long and still going ico.

In order for a market there has to be price discovery. There is NO price discovery as you can't sell Banx.

Banx is only bought on their own centralized exchange. Now here is where the confusion lies, Banx at the beginning (a year ago) was on a few exchanges. This created a market and therefor a market-cap, however, The initial distribution was highly flawed (they fucked up) as they are only faking it till they make it.

Once the distribution got all fucked up and their manipulation got caught they retreated to their castle and only allowed buying on their exchange. This is all still during the ongoing forever ico.

Because Banx is listed on Coinmarketcap it gives the illusion (like a magician) that there is a market and therefor price discovery and therefore what you are seeing is real. This in and of itself is misleading, and IS a form of manipulation (the long slow con). (remember they have already been caught for manipulating)