Banx is also running a competition, all you have to do is enter and you have the chance of winning.
1st prize is 1btc loaded on a physical coin.
2nd prize is 10Ltc loaded Physical coins.
https://leadin.io/leadin/UbUAY
Topic: [ANN] Banx - Liquidity Paid Back In From Profits - page 13. (Read 112999 times)
I signed up immediatley lol. Anticipating what mark has planned. Will be good for sure.
Good time for everyone to get signed up here since the threads active. 12 Days to go guys
www.Banxplatinum.com
Already signed up www.Banxplatinum.com
Good time for everyone to get signed up here since the threads active. 12 Days to go guys
www.Banxplatinum.com
www.Banxplatinum.com
I'm probably missing some points but just ask and I will do my best to answer...
Where are the monthly dividends coming from? Here I'd like to see some solid proof.
Where is the IPO BTC wallet? This is important to check that it is not going towards buying your own IPO over and over.
When is the IPO ending?
It has nothing to do with you, and I hope the Banx team feel the same way.
Keep up the posting guys Free Ann page Advertising bump bump 
once the ICO is finished Altbitex.com will list banx shares hopefully.
People will always accuse new exchanges or ventures as scams but dont realise due to US laws they may be the only legal exchanges out there.
I agree to this, I think there is no single thread here that has no people screaming scam..
selling 15.8 shares for .1BTC could really use the cash
Banx.io exchange is regulated and Licensed by the IOM Goverenment just like Altbinex.com and the US has nothing to do with them or how they operate.Both adhere strictly to KYC/AML procedure and anti terrorist laws. People will always accuse new exchanges or ventures as scams but dont realise due to US laws they may be the only legal exchanges out there.
We are individually located all over the world.
Mark and a bunch of others are in the UK
I am in the USA and other team members are located in the USA and other places as well.
Banx as a company is located in Panama and Hong Kong (and I think 1 other).
BTW: sorry for being crass but as I stated I am sick of the ignorance. Do your research, ask questions, and here's a new approach BE NICE. We are people just like you and don't respond well to accusations especially when they are totally off base and only appear to be crude attempts to discredit our work. We are open and honest people working together to try and make products and services that will hopefully have a positive impact on the world. As long as we are bringing new people into crypto we are happy. You think I made any money off of selling AT to Banx or joining them... NEWS FLASH no it was a huge loss and I get very little for what I do each month but I still do it because this is bigger than me or you, it is about people as a whole. We have so many awesome projects in the works it's hard to comprehend the big picture when you are not part of the team, see all the pieces, and how they all fit together to make an ecosystem of free trade.
Mark and a bunch of others are in the UK
I am in the USA and other team members are located in the USA and other places as well.
Banx as a company is located in Panama and Hong Kong (and I think 1 other).
BTW: sorry for being crass but as I stated I am sick of the ignorance. Do your research, ask questions, and here's a new approach BE NICE. We are people just like you and don't respond well to accusations especially when they are totally off base and only appear to be crude attempts to discredit our work. We are open and honest people working together to try and make products and services that will hopefully have a positive impact on the world. As long as we are bringing new people into crypto we are happy. You think I made any money off of selling AT to Banx or joining them... NEWS FLASH no it was a huge loss and I get very little for what I do each month but I still do it because this is bigger than me or you, it is about people as a whole. We have so many awesome projects in the works it's hard to comprehend the big picture when you are not part of the team, see all the pieces, and how they all fit together to make an ecosystem of free trade.
Let me clarify a few things since Mark is busy ATM and no I will not be professional as I am off today and aggravated with peoples outlook on crypto in general. Ya there have been a lot of scams but being ignorant and assuming because you don't understand a business, its model, or it's plans that it is a scam is nonsense. I hear the word scam thrown around all too much and I am sick of it. You know what a scam is GAW that was either a scam or a idea by people who are lacking in basic math skills yet no one cared, mcxnow giant blatant scam and no one cared, ... Yet you call Banx a scam? We are not out soliciting people in the forums for cash or anything else. We are a dedicated team of professionals who wish to bring blockchain technology and purchasing power to everyone.
1. Slyy or whatever you'r name is you are an idiot! You have no idea... Banx.io is not some simple script our SQL Server license was more than 5K alone and the system is 100% scaleable. Before becoming Banx.io it was valued at $280k USD so suck it.
2. BANX shares are not required to be registered as we A. aren't required by our jurisdiction B. wish to use blockchain technology which would not be possible with any current type or registered bond, asset, or share as defined by the USA which luckily does not apply to us. Just as USA does not respect bearer bonds which would mean that all blockchain based assets are illegal to anyone with the standard USA mindset.
3. Part of our plan is to enable a free crypto asset market just like bearer bonds did for shares before the USA changed to ensure they can regulate it the way they do everything. Using the blockchain helps avoid the hassles and risk associated with traditional paper assets.
4. The number you have posted for banx shares are wrong as you did not account for shares that are held by owner(s)
I'm probably missing some points but just ask and I will do my best to answer...
1. Slyy or whatever you'r name is you are an idiot! You have no idea... Banx.io is not some simple script our SQL Server license was more than 5K alone and the system is 100% scaleable. Before becoming Banx.io it was valued at $280k USD so suck it.
2. BANX shares are not required to be registered as we A. aren't required by our jurisdiction B. wish to use blockchain technology which would not be possible with any current type or registered bond, asset, or share as defined by the USA which luckily does not apply to us. Just as USA does not respect bearer bonds which would mean that all blockchain based assets are illegal to anyone with the standard USA mindset.
3. Part of our plan is to enable a free crypto asset market just like bearer bonds did for shares before the USA changed to ensure they can regulate it the way they do everything. Using the blockchain helps avoid the hassles and risk associated with traditional paper assets.
4. The number you have posted for banx shares are wrong as you did not account for shares that are held by owner(s)
I'm probably missing some points but just ask and I will do my best to answer...
Mark Lyford is based in the UK, it's been mentioned more than once.
Forgive me for this question, and I am not trolling here nor concerned whether it is a ponzy (sadly I came to the conclusion that there is no point to fight against scams in this environment any more where so many scams exist) and really I am not implying that the foundation of this project is bogus in any way.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
I think these posts below will answer your question
I have publicly stated we are offering private investors discounts for large purchases of shares which they lock in for at least 12 months. We are concentrating on selling the remaining of the Banx shares to enable us to grow our business and develop our plans. Its a simple thing.
And one last clarification. We are only selling Banx shares to private investors, all shares for sale on the exchange are for sale buy people wanting to sell them. not us.
For clarification we have never sold our crypto based banx shares to anyone publicly, hence the reason we are selling to private investors. All Banx for sale on exchanges are people selling their own shares.
We are currently still selling our shares to private investors and we do so at a dollar value rather than a bitcoin value.
We are only listed on our own exchange at the moment because no one else has started to list us whilst we are still in the ICO phase.
Well, those arguments actually indicate this whole thing is illegal.
The arguments of Mark focus on who is the target audience which is quite right since you can offer the privately owned shares and the future dividends of a private company in the public domain only to licensed investors. However, the users of this thread and the Banx Shares investors are not licensed investors, none of them had a license when the Banx Shares financial product was offered and sold to them. Therefore, this offering is illegal just like the GadgetCoin share issue would be illegal if it would be offered publicly to unlicensed investors, isn't?
Again, I am just speculating what the answer is and asking, and quoting what US based lawyers say regarding this matter.
Also, you are assuming investors are not licensed investors, which is not speculation, it's assumption.
All right then. Of course if the companies are in Hong Kong and Panama then the share offering has nothing to do with US securities laws. My understanding was that this is a US venture as Mark is a US based business man. Sorry for bringing up this question here, if the companies are not US companies then my question is completely off topic, and again, sorry for asking this here.
Forgive me for this question, and I am not trolling here nor concerned whether it is a ponzy (sadly I came to the conclusion that there is no point to fight against scams in this environment any more where so many scams exist) and really I am not implying that the foundation of this project is bogus in any way.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
I think these posts below will answer your question
I have publicly stated we are offering private investors discounts for large purchases of shares which they lock in for at least 12 months. We are concentrating on selling the remaining of the Banx shares to enable us to grow our business and develop our plans. Its a simple thing.
And one last clarification. We are only selling Banx shares to private investors, all shares for sale on the exchange are for sale buy people wanting to sell them. not us.
For clarification we have never sold our crypto based banx shares to anyone publicly, hence the reason we are selling to private investors. All Banx for sale on exchanges are people selling their own shares.
We are currently still selling our shares to private investors and we do so at a dollar value rather than a bitcoin value.
We are only listed on our own exchange at the moment because no one else has started to list us whilst we are still in the ICO phase.
Well, those arguments actually indicate this whole thing is illegal.
The arguments of Mark focus on who is the target audience which is quite right since you can offer the privately owned shares and the future dividends of a private company in the public domain only to licensed investors. However, the users of this thread and the Banx Shares investors are not licensed investors, none of them had a license when the Banx Shares financial product was offered and sold to them. Therefore, this offering is illegal just like the GadgetCoin share issue would be illegal if it would be offered publicly to unlicensed investors, isn't?
Again, I am just speculating what the answer is and asking, and quoting what US based lawyers say regarding this matter.
Also, you are assuming investors are not licensed investors, which is not speculation, it's assumption.
Forgive me for this question, and I am not trolling here nor concerned whether it is a ponzy (sadly I came to the conclusion that there is no point to fight against scams in this environment any more where so many scams exist) and really I am not implying that the foundation of this project is bogus in any way.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
I think these posts below will answer your question
I have publicly stated we are offering private investors discounts for large purchases of shares which they lock in for at least 12 months. We are concentrating on selling the remaining of the Banx shares to enable us to grow our business and develop our plans. Its a simple thing.
And one last clarification. We are only selling Banx shares to private investors, all shares for sale on the exchange are for sale buy people wanting to sell them. not us.
For clarification we have never sold our crypto based banx shares to anyone publicly, hence the reason we are selling to private investors. All Banx for sale on exchanges are people selling their own shares.
We are currently still selling our shares to private investors and we do so at a dollar value rather than a bitcoin value.
We are only listed on our own exchange at the moment because no one else has started to list us whilst we are still in the ICO phase.
Well, those arguments actually indicate this whole thing is illegal.
The arguments of Mark focus on who is the target audience which is quite right since you can offer the privately owned shares and the future dividends of a private company in the public domain only to licensed investors. However, the users of this thread and the Banx Shares investors are not licensed investors, none of them had a license when the Banx Shares financial product was offered and sold to them. Therefore, this offering is illegal just like the GadgetCoin share issue would be illegal if it would be offered publicly to unlicensed investors, isn't?
Again, I am just speculating what the answer is and asking, and quoting what US based lawyers say regarding this matter.
Forgive me for this question, and I am not trolling here nor concerned whether it is a ponzy (sadly I came to the conclusion that there is no point to fight against scams in this environment any more where so many scams exist) and really I am not implying that the foundation of this project is bogus in any way.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
I think these posts below will answer your question
Padrino, as you are fully aware you did a deal with an existing holder of Banx direct to get your Banx shares, nothing to do with me or Banx Capital.
Therefore your comments are unfounded.
I have publicly stated we are offering private investors discounts for large purchases of shares which they lock in for at least 12 months. We are concentrating on selling the remaining of the Banx shares to enable us to grow our business and develop our plans. Its a simple thing.
The offer of purchasing shares from a few people last year was a one off offer.
Again you own no share of any company you own a crypto based asset which pays profits monthly.
Maybe you should take up any issues you have with the person you purchase your banx shares from two months ago ?
As you know you per paid profits in BTC last month which make your investment a worthwhile thing. You are free to list your shares on banx.io for sale.
And one last clarification. We are only selling Banx shares to private investors, all shares for sale on the exchange are for sale buy people wanting to sell them. not us.
Therefore your comments are unfounded.
I have publicly stated we are offering private investors discounts for large purchases of shares which they lock in for at least 12 months. We are concentrating on selling the remaining of the Banx shares to enable us to grow our business and develop our plans. Its a simple thing.
The offer of purchasing shares from a few people last year was a one off offer.
Again you own no share of any company you own a crypto based asset which pays profits monthly.
Maybe you should take up any issues you have with the person you purchase your banx shares from two months ago ?
As you know you per paid profits in BTC last month which make your investment a worthwhile thing. You are free to list your shares on banx.io for sale.
And one last clarification. We are only selling Banx shares to private investors, all shares for sale on the exchange are for sale buy people wanting to sell them. not us.
Firstly, Banx Shares are not a coin. I think its a share issue based on various Bitcoin related businesses using the blockchain as a ledger. I guess this in itself leads to a question why it is on coinmarketcap at all.
From what I can tell, all investors receive their dividends on a monthly basis although there have been some customer service issues in recent times that are being addressed.
Mark Lyford, the CEO, seems to be extremely open about the business model and mechanisms behind it.
I think you're going to have to come up with more evidence to prove this is a scam.
I don't own any Banx Shares but have been following the project since before it publicly launched.
Finally, every single person who works for Banx is public about their identity. Why have you created a new account to make a scam accusation? Seems strange to me. Why not use your main BCT identity?
From what I can tell, all investors receive their dividends on a monthly basis although there have been some customer service issues in recent times that are being addressed.
Mark Lyford, the CEO, seems to be extremely open about the business model and mechanisms behind it.
I think you're going to have to come up with more evidence to prove this is a scam.
I don't own any Banx Shares but have been following the project since before it publicly launched.
Finally, every single person who works for Banx is public about their identity. Why have you created a new account to make a scam accusation? Seems strange to me. Why not use your main BCT identity?
So it's not a coin, it's an unlicensed security.
Yet another red flag that should tell you to stay away.
As far as I know, there is no requirement to have a licence to sell shares in your business in the UK.
For clarification we have never sold our crypto based banx shares to anyone publicly, hence the reason we are selling to private investors. All Banx for sale on exchanges are people selling their own shares.
many thanks
We believe in open communication and transparency which is why we are responding to this post. Thank you for pointing out your concerns but, as we will demonstrate, the suspicions raised here are unfounded. Our company is completely legitimate, as our significant number of backers will confirm, and we have consistently paid out monthly profits since November 2014. We hope that any misunderstandings about our legitimacy can be thwarted by way of the following explanations:
We are currently still selling our shares to private investors and we do so at a dollar value rather than a bitcoin value. So when the price of bitcoin changes, our share price changes. CMC list the price of coins as a bitcoin value and not a dollar value, which makes it look like our price is increasing on CMC but this is actually due to the price of bitcoin declining against the dollar. In addition to this CMC only list the shares that are in the public domain that are available to the public.
Like many companies, our activities on online platforms are limited to a select few. We have chosen not to use Reddit very often, which we do not see as being any cause for concern.
We are only listed on our own exchange at the moment because no one else has started to list us whilst we are still in the ICO phase. We expect this will change in the future, but it is really up to third parties. Our wallet is available for anyone to use and add to their exchange on github since our change over to POS. Our shares were previously available on c-cex but users on their system were involved in a hack to our blockchain, which meant that they had to be moved over to our own exchange for security purposes.
Importantly, our business model is based on a fee-share, which our current investors receive monthly, and where the coin value lies. It might be an unconventional system, but it is no cause for such accusations, and our investors are certainly happy with it.
If anyone still has any concerns, please feel free to contact us directly and we will be happy to provide you with more information.
Mark Lyford
We are currently still selling our shares to private investors and we do so at a dollar value rather than a bitcoin value. So when the price of bitcoin changes, our share price changes. CMC list the price of coins as a bitcoin value and not a dollar value, which makes it look like our price is increasing on CMC but this is actually due to the price of bitcoin declining against the dollar. In addition to this CMC only list the shares that are in the public domain that are available to the public.
Like many companies, our activities on online platforms are limited to a select few. We have chosen not to use Reddit very often, which we do not see as being any cause for concern.
We are only listed on our own exchange at the moment because no one else has started to list us whilst we are still in the ICO phase. We expect this will change in the future, but it is really up to third parties. Our wallet is available for anyone to use and add to their exchange on github since our change over to POS. Our shares were previously available on c-cex but users on their system were involved in a hack to our blockchain, which meant that they had to be moved over to our own exchange for security purposes.
Importantly, our business model is based on a fee-share, which our current investors receive monthly, and where the coin value lies. It might be an unconventional system, but it is no cause for such accusations, and our investors are certainly happy with it.
If anyone still has any concerns, please feel free to contact us directly and we will be happy to provide you with more information.
Mark Lyford
Coin manufacturers demand minimum order quantities - I have done this myself in the past, it is not cheap!
You take orders up to the point of minimum order quantities then you dropship.
BanxTrade/Banx.io - both for $5000? You are living in a dream world. Whilst some white label exchanges are available, Banx.io was built over many years, from scratch by ByronP.
I would estimate this is a $100k asset at minimum with significant ongoing costs.
I would estimate this is a $100k asset at minimum with significant ongoing costs.
I disagree but you can always show me some proof.... Oh wait there are no financial reports at all. So this discussion is a guessing game.
But let me play with your logic. They spent $100,000 for an exchange. Because they spent $100,000 it is now worth $100,000 despite it making no money at all!
But that's not all.. you say the fact that they have "significant ongoing costs" as another good thing.
www.DigitalMoneyTimes.com - Again, I have no idea what you are talking about, as the evidence is a polar opposite to your highly investigative research!
The editor jdebunt, is a highly respected crypto writer and advocate, and new content is released regularly, sometimes several articles per day.
The editor jdebunt, is a highly respected crypto writer and advocate, and new content is released regularly, sometimes several articles per day.
So you have a WP site with a journalist probably being paid by article, note probably because we can't check shit.
Good luck with your future endeavours.
Many companies operate as loss making concerns whilst growing and building, using the initial and continuing investment to operate and grow until they become self sustaining.
Whilst I don't know this is the case for Banx Capital, it would however seem likely that they are operating under the initial personal investments made by Mark/other founders.
How else would it be possible to have such a large network of currently active parts of the project such as
www.BanxMint.com
www.BanxTrade.com
www.Banx.io
www.DigitalMoneyTimes.com
and the rest of their interests (tbh I've forgotten some of them there are so many)
I'm playing devils advocate in this thread then.
Banxmint - drop shipping once order is filled.
BanxTrade - ok. Banx.io - ok. Both can be made for under $5,000.
DigitalMoneyTimes - WP theme like my own site. No writers no activity.
BanxMint - You do realise the inventory has to be produced right?
You can't just get a single metal coin minted each time someone orders it.
Coin manufacturers demand minimum order quantities - I have done this myself in the past, it is not cheap!
These are not generic coins, they are BRANDED Banx physical coins.
Security holograms - again, you are showing a complete lack of knowledge and understanding of some really elementary crypto concepts.
To protect the asset allocated to the public key of the coin, the private key which is set behind the visible physical key, needs a tamper proof security hologram.
BRANDED security holograms are not cheap, from my experience, the minimum production runs are significantly higher than the minimum production runs for physical coins, and are more expensive than the coins themselves based on first batch production runs.
BanxTrade/Banx.io - both for $5000? You are living in a dream world. Whilst some white label exchanges are available, Banx.io was built over many years, from scratch by ByronP.
I would estimate this is a $100k asset at minimum with significant ongoing costs.
www.DigitalMoneyTimes.com - Again, I have no idea what you are talking about, as the evidence is a polar opposite to your highly investigative research!
The editor jdebunt, is a highly respected crypto writer and advocate, and new content is released regularly, sometimes several articles per day.
Forgive me for this question, and I am not trolling here nor concerned whether it is a ponzy (sadly I came to the conclusion that there is no point to fight against scams in this environment any more where so many scams exist) and really I am not implying that the foundation of this project is bogus in any way.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
The reason I am here is, I support lately a project GadgetCoin and the guys over there try to implement a DAC (decentralized autonomous company) business model using a Delaware based LLC as the frame of the structure. However, their lawyer clearly stated that such securities offering - even they aren't offering publicly the shares in the company - is a clear breach of US securities law.
I also called our lawyer in the US who has been representing us for years over there, he is mainly an intellectual property lawyer but the expensive fucker seems competent at all legal matters. Our lawyer confirmed that indeed, offering publicly such financial instruments what GadgetCoin planned and it seems Banx Shares does would constitute a breach of securities laws in US jurisdiction. So (as far as I know) now the GadgetCoin boys are setting up a business in the Caymans to implement this structure, because they are scared to breach the US securities laws. Again, GadgetCoin not even offering this publicly, but since once they mentioned the plan in the public domain, then according to the solicitors it will be seen as illegal public offering. Is this concern valid at all? What Banx Shares does, which is public offering such shares and dividends is an illegal securities offering or not?
Since we don't have such restriction here in the UK, I am just trying to get my head around, and would someone confirm please that is the public offering of private shares or financial instruments with future dividends legal in the US? Thanks in advance for the reply which would be especially great from the owner of Banx Shares since I am sure he has an army of lawyers and carefully mitigated this issue.
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