!!!
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.
i did not want to call it a ponzi two days ago.
i am out. i sold all my ICO coins.
why?
1. because my fear of losing profit is smaller than my fear of losing money.
2. i have to admit that i think this could develop into a pyramid scheme.
if you park the coins you always need a buyer. without new buyers parking is worthless.
don't call me a fudder.
tell my what this coin solves apart from the parking.
you said you are out and sold all your token. then why you are still here?
just leave and don't say anything bad about the project. Let them take the risk
i am still here because i think i have to tell other users what could happen. i want to help people that they don't get burned with this coin.
have you checked the trading volume? what do you think will happen if there is an other exchange? and what do you think will happen if the parking rate is lowered? and finally: what do you think will happen if anybody will buy the coins people want to sell after they parked?
i called it pyramid scheme. everybody called my a fudder. i am happy that there are more and more posters that see what is happening here.
like really? are you sure you know what is pyramiding scheme? minexbank has reserve for the coin that they park. they don't need other to buy coin to earn revenue.