Post
Topic
Board Announcements (Altcoins)
Re: Minexcoin - A new era of payments
by
thunderjet
on 02/11/2018, 06:09:29 UTC
Instead of explanation why we don't have VISA crypto cards in our hands, we got test version of web wallet!  Really impressive!
Guess what - every fuucking shitcoin has working web wallet.

Question is why they took that Ivan Hodgkinson and his Novarise Secrecy to provide them payment cards.Why they didnt made some background check first.There are so much evidences about multiple frauds,plus he spent some time in prison.He has same role in another ICO (Weigrate) which failed as completely scam.He had more than 20 phishing websites until recently when his account was suspended.Novarise Secrecy Twitter and FB account looks just like regular quick rich phishing scam.Believe that Novarise Secrecy can provide fully working legitimate cards is more than crazy.Especially when we know now these cards will be without Minex or Chain2Pay logo.Every single crypto payment card till today have a company logo.Payment card without logo of issuer is just a piece of plastic.

There can be only 2 reasons why Minex took Novarise Secrecy for payment cards deal:

1. They were desperate.Roadmap went off rail,coin value dropped 30x, parking option failed, so payment cards program became only option to save project.They didnt have time and knowledge to find regular ways about payment cards  so they found shady guy from Novarise Secrecy who sold them story how he can provide them cards fast and without too many procedural complications.

2. They knew exactly who he is. His role is to provide false sense of legitimacy and security which will have effect on people to think that project is solid and good to invest. This will push one last wave of people to buy coins and paying for cards. Then project will crumble in sequential exit scam.


Both scenarios are bad,but what is certain is that Novarise Secrecy cant provide anything useful and legal which Visa or Mastercard wont cancel quickly.


It' definitely option 2,
look at the minexpay.com website, there are card prices only in MNX no USD or EUR.  So, it's impossible to get any refund!
OK, technically you might get refund, but it's useless: MNX dropped in price who knows how many times!


They could properly refund unsatisfied users if they want it.They know exact date when each customer paid for cards.They just have to multiply quantity of used MNX for payment with closing price of MNX for that day.

But there is a catch why ICOs prefer paying in their coins or tokens.If things goes wrong or they want to scam,they can easily dump theirs coins hard and make that value of refund will be just few percents of initial sum.That is why so many ICO went scam without consequences.