Re: [ANN][ICO] Minexcoin - A new era of payments (Exchange launch - November, 1)
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To make a point clear and to make sure once again that MNX does not contradict the rules of the SEC we decided to get a Legal opinion, in which professional lawyers used the Howey test to verify Minexcoin. The good news is that we didnt pass the test, which means that Minexcoin doesnt fall under the definition of Security. Accordingly, the MNX does not contradict the requirement of the SEC and can openly trade, both in the US territory and by USA residents in other countries.
To make a point clear and to make sure once again that MNX does not contradict the rules of the SEC we decided to get a Legal opinion, in which professional lawyers used the Howey test to verify Minexcoin. The good news is that we didnt pass the test, which means that Minexcoin doesnt fall under the definition of Security. Accordingly, the MNX does not contradict the requirement of the SEC and can openly trade, both in the US territory and by USA residents in other countries.
its not a security. thats clear.
its a ponzi, pyramide scheme and that is very much illegal my friend and its destroying the coin community. there are better ways to make profit.
Fudder!
Fudding the thread to make the holders nervous. then buying cheap when dumped.. Old news.
why is it fud? there are alot of ponzi schemes out there. crypto is full of them. why not accepting it and going on. dont understand
there will be alot people coming and saying the same, trust me. i am absolutely not against ponzi schemes. you can make money out of it, if you are smart. there is no problem with that at all.
why the price fell is maybe because of:
MinexBank Memorandum
Wed like to pay special attention of the MNX market participants to the following circumstance. MINEXBANKs activity will be aimed at keeping the MNX quotes to USD within the 5% range of fluctuations relative to the representing the estimated growth rate of 42,7% per annum from the rate of 20 USD/MNX.
MINEXBANK urges all market participants to refrain from making deals outside the 5% corridor of the exchange rate fluctuations in order to avoid possible financial losses.
the price now is $50.
the question is, if they really are going to execute this. i mean, why not changing the rules, if you can make more money. Seriously a ponzi is to make money
"Special reservation: first three months from November 1, 2017, will be the period of creation and development of the MNX exchange market. The market will be formed in stages due to different terms of trades launching on various exchanges. In addition, there will be a process of testing and debugging the algorithm of Minexbank's operation in real conditions (the development of a database and response tools). Therefore, deviations from the real macroeconomic parameters declared in the Memorandum are possible in first three months".
This is also written in the Memorandum. You can not pull out of the context only what you like.