Post
Topic
Board Tokens (Altcoins)
Re: [ANN] [ICO] [MNZ] Monetize Coin - A new generation of lending platform
by
crypt0j0e
on 09/07/2018, 03:14:20 UTC
Watch out for Monetize. It is a very big scam:

1) Capital release did not work (so people did not get their money back)
2) The value of the MNZ coin is manipulated (now it is very difficult to sell the MNZ coins)
3) Communication is terrible
4) Support is also terrible. I am waiting for a change of my emailadress for almost 2 months now. This means that I cannot confirm any withdrawal which basically means this account is useless.  If you ask them in the telegram app, they answer that I should make support ticket, which I already did 20 times.

Stay away from these scammers!!!!!

While a few of the things you mentioned above are true, i'm not entirely convinced this platform is a scam. They had many opportunities to exit when the token price was high so why would they scam now and continue to pay their admins to support their telegram channel? Markus, the project lead mentioned a while back that they would do everything they can to prevent the mnz token going to zero. It looks like that's what they are doing now with the minimum sell limit to prevent dumpers in a low liquidity market. Perhaps in the future they will remove these limits when their new project is completed.

The telegram account that is closed for discussion? That "mere" informative group? I wonder why they lock the option for people to share their thought about a project. They didn't attend to this thread either, didn't respond to any complaints and accusations given to them, then they marveled at how their own price plummeted. How does community suppose to reach them, again?

From how i understand it the telegram group was created for support and answering people's questions about their platform. They generally don't allow people to share their opinions on the project particularly when it's mere speculation or just spreading FUD. If people are having specific technical issues with their account then admins direct them to contact support through the live chat feature in the platform. I'm not entirely sure why they don't have anyone responding to questions on this thread but i'm guessing it has something to do with limited staff and they chose to use the telegram group for 24 hour support and information.

Your opinion of their strong support and concern of token holder's worries and questions will be valid if their telegram is open for member to chat, thus sounding their problem. But from what I know, it wasn't. So how does the holders and investor wannabe should ask and give input (aside from the live chat you mentioned) if their telegram is limited to one way communication and their bitcointalk thread is unattended?

I think you might be referring to the Monetize Coin Official Updates Chat which is one sided but it's only for the purpose of providing updates to the community. The Monetize Coin Community Chat is open to all investors where you can ask questions and send direct feedback to the MNZ admins. I've actually been watching both channels since the start of their ICO and i can confirm they are very responsive to their members in the Community Chat. I included the telegram link below if you want to see for yourself.

https://t.me/monetizecoin_community