Quote from: YuSK on November 18, 2018, 09:01:55 PM

Quote from: JollyGood on November 18, 2018, 08:18:28 PM

Quote from: catfish78 on November 18, 2018, 03:50:22 PM

Who wants to create similar scam like Minex/Republica yourself?
Here is a little tutorial how to do that Grin

https://steemit.com/scam/@moonjelly/how-to-create-an-ico-scam-in-5-simple-steps
Grin

This post gives indications about how the Republia scam and Minexpay/Miexsystem/Minexcoin scam started

Yeah the REPUBLIA and minex Scammers pretty much followed this strategy. It's a shame they are located in a scam friendly county like the Ukraine. They belong in prison!

Republia and Minex are sharing same flawed financial construction,which proved catastrophic at Minex:

- huge annual parking interest of 70% or more.Such huge interest generates hyperinflation which is erasing value of investors money almost to 0.

- same flawed debit card program,built to reduce pressure of hyperinflation generated by 70% or more annual interest. These guys did not think at all why anybody would take theirs cards and paid few hundred dollars or more to buy coins needed for minimum required balance when can take other cards for 20x less money

- both projects have operational only its components needed to collect investors money - wallet and bank.All others are very distant future

- both whitelists are wishlists. Nothing more. Minex didnt realize almost nothing.Probably they count on inadequate technical knowledge of theirs investors who does not know that whitelist realisation will be very much hard even to the tech giants such as Google and Microsoft with almost unlimited resources.They advertising themselves as a Ethereum competitor,which is utterly nonsens when we all know how much resources ETH has. Also they didnt think on it how much Ethereum will advance in a few years, with new tech solutions that can make their plans obsolete.

- SEC decision few days ago on labeling ICOs as a fradulent schemes-scams and its increased pressure to close them down will terrify any investor more than anything else

Every investor should take time and carefully examine project and people involved in it before any investing.