Whole Minex business project was made on entirely wrong foundations.With parking rate so high,it looks much more like HYIP scheme than classic ICO. It is known that every HYIP scheme turn to scam sooner or later,depend on greed of founders and the height of interest rate. Will anyone believe to bank which promoting 70% or more interest per year? High interest rate attracts no serious investors,but rather gamblers or greedy gullable people. That of course make questions of founders real intentions.CEO of Minex is experienced economist, so he knows for sure that giving interest so high cant end good for investors. So why he did it anyway?
Very suspicious is that Minex made operational only part of its program made for collecting money - Instabuy and Minexbank.After it ,nothing. Even more suspicious is that another project from same CEO,Republia has in its core same unsustainable parking system which proved so wrong in Minex. Advertising payment cards for months with specific fees and limits without contract with issuer or bank is a scamming scheme,no doubt in it.False contract with CSOB bank same.
So lets summarize :
- experienced economist made ICO with extremely high and unsustainable interest rates
- from entire project ,only parts that was made for collecting money work
- advertising for months payment cards, despite Minex has never had any contract with bank or card issuer
- made false announcement about having contract with CSOB bank
- took proved fraudster from Novarise Secrecy to obtain them VISA/Mastercard permissions on an easy way
- make one after another false announcement about soon to be "glorious news"
I let to people to make their own conclusion from it.
Now this is an excellent post summarising the facts that cannot be denied. All the evidence is captured here.
Avoid Minex Scam