Quote from: polycryptoblog on November 05, 2017, 02:28:16 AM

Quote from: _ChucK_ on November 04, 2017, 09:38:17 AM

Let me share my skepticism about the Monaize project
For what purposes will the MNZ token be used? At the moment, only for the implementation of the loyalty program? I.e. the actual working application of the token on the platform is not present and, probably, will not be. Representatives of the team ask in telegram-chat what application users would like to see for the token. And this is only a week before ICO Shocked

, before they sell us these tokens! If the token does not have an application, it does not cost anything! This is a trinket for the sake of taking money through the ICO.
But what about the loyalty program, you ask? Passive income - it's cool!
Loyalty program ...
Let's count a little. Information for calculations is on page 25 of the WP.
Let's consider the 5th year.
If KMD will cost $ 1 and «NUMBER OF MONTHLY SIGN UPS» = 500000 (as noted in the WP), then by the formula we will all get (5*500000)/1 = 2500000 KMD. I.e 2500000(KMD)*1($) = 2500000 $ for everyone.
If KMD will cost $ 100 and «NUMBER OF MONTHLY SIGN UPS» = 500000 (as noted in the WP), then by the formula we will all get (5*500000)/100 = 25000 KMD. I.e 25000(KMD)*100($) = 2500000 $ for everyone. That is the same as in the first case.
The number in dollars is equal to the number of signers, multiplied by the bonus (x2/3/x4/x5 depending on the year).
That is, from 2018 to 2021 (according to WP), users will receive 40,944,000 $. But with at a rate of 7000 for BTC developers will receive on ICO with a max cup 70,000,000 $.
Catch the thought?
You give them 70 million, and after 4 years you get a total of 41 mln.
I.e. even after 4 years you will not return your investment.
Where is the mistake? Show me please! I really hope that somewhere I was wrong.
Will there be a loyalty program after 2021? In the WP, nothing is said about this
They say, well, we are building a bank of the future! It's the most important!
Yeah, yeah, ok But what will be for the person who will now give his money for implementation? What profit? The Monaize will have a bank and business, and what will get ICO-participants?
In my opinion, it would be fair for passive earnings to allocate a portion of the annual cost of customer service, and not just for SIGN UPS. That there was an analogue of owning shares, not candy wrappers, i.e. to get a part of the company's profits. Or do you think those who give you money are fools, and that they do not deserve fair compensation, as in large real companies.
As a KMD-holder, I do not want to throw them into the wind.
Argumented criticism is welcome. What did I miss? Huh

By your calculations if it just reaches the minimum cap, you would be making approximately 6x your investment.

Also future/current use cases could require or at least accept MNZ token to use.

So best case scenario you make 6x if you hold and MNZ team hits its goals.
Worst case scenario , you 60% ROI from rewards alone ( and this is assuming Komodo doesn't maintain its upward price trajectory ) and you still have all your coins to use.

Also the MNZ team can proceed a lot faster raising 10k vs 1k .

I believe the loyalty program will be around after 2021, just the multiplier will not increase. Best to wait for an official statement or ask them directly in Slack

This is correct - loyalties would remain constant after 2021 at 5x

Quote from: EMS-007 on November 05, 2017, 01:53:15 PM

This project seems really promising but i'm unease with the banking system on this platform would really be decentralized by all means! Huh

What is it that makes you uneasy about it?