Quote from: MinedBlock on February 18, 2019, 09:26:42 AM

Quote from: Owillz on February 18, 2019, 03:14:29 AM

Quote from: MinedBlock on February 15, 2019, 08:44:55 PM

Quote from: ethtrader16 on February 15, 2019, 06:22:57 PM

Quote from: ganeshramk on February 15, 2019, 04:46:37 PM

Quote from: nxnqauff on February 15, 2019, 04:44:12 PM

Did somebody notice that Minedblocks tokens can be bought only using POLY? Why is it like this? Is it possible to buy using ETH or BTC in the first instance?

Me too noticed it. Instruction clearly says first buy POLY in binance and then send it to the erc20 wallet. Then you have to use metamask to buy the minedblock tokens. It means atleast I understood like Minedblock tokens can only be bought with POLY tokens.

This is mandatory process if we are invest in their ICO? Means we cannot go through directly by using BTC, ETH or any FIAT currencies?

The smart contract has been put in place to accept on POLY for the pre-sale for a couple of reasons:
1. As the first widely available STO running on Polymath we thought we would promote the alternative use of the POLY token to invest in STOs running on their platform.
2. To offer a discount to people who use poly. Our pre-sale price is $0.15 per token and currently on a 1:1 ratio of POLY to MBTX at a price of around $0.09 so a little over 33% discount.

If anyone would like to invest and feels really against using POLY we are able to mint tokens manually and can arrange a payment outside of the smart contract but the discount wont be applied.

Also just to clarify, there is no partnership between Polymath and MinedBlock we are simply supporting their project through the launch of our own

Hopefully, scammers will not take advantage of this "arrange a special payment outside of the smart contract" on your telegram page. Causey I have received messages from scam who promise to offer some sort of discount if you pay using the special address they are going to provide.
You guys need to constantly protect your investors against such scams.

This shouldn't be an issue, the payment method will be available via our dashboard. The only difference is the distribution won't be via the smart contract so it won't be instant.

Two purchase options will be available:

1. Via the smart contract, paying with POLY but you need a funded Metamask wallet to do it. Distribution will be quick, as soon as the transaction is mined.
2. Via the dashboard where you will be able to pay in BTC, ETH or LTC - distribution via this method will be within a few hours

In both cases investors will need to go through the KYC and whitelisting process first.

Great, Emphasizing on the KYC part in this case, will be the best way to protect the interest of investors as scammers will try to convince them that none is needed for them to make payment and earn.