Topic: [ANN] Banx - Liquidity Paid Back In From Profits - page 46. (Read 112999 times)

I understand why so many people are negative about this type of offering, too many kids ripping people off, but all I can say is this isnt that. This is my vision, a vision of someone who sets a goals and won't stop until its achieved.

With out sound like I'm up my own ass, your buying into me if you buy banx shares, I have a great team of people around me, but I'm the one steering the ship and creating the vision.

I'm open to talking to any one about the plans and answering any questions they may have.

nothing fixed profits wise, but projections are in our prospectus.

No staking is producing new coins as a reward for securing the network. BanxShares is trying to be an actual company and the monthly interest is a dividend payout like a regular stock, but is issued through a cryptocurrency.

Mark, I know you've heard it several times in this thread and I know you've gone to some pretty extreme lengths to try and dispel the idea but I am not convinced this isn't a Ponzi scheme. Here are a few of my reasons:

1) There's so much emphasis on your talents and your abilities and it's being presented as the most important information. If you truly believed in your idea than the focus of your announcement and subsequent replies to naysayers would be based on what your companies edge is in the field, what you're going to do differently and better. Instead you use your somewhat misleading accolades and hyperbole (32,000 sites, 2 mil consistent annual income, "internet entrepreneur") as the key reason you believe the company will be successful. 1 man does not a successful company make.

2) You refer us to your prospectus to show you have a "real business plan, that will succeed" (not direct quote). Prospectuses are intended to serve only the first point (validation of legitimacy, "real" business plan) and are not intended to be the primary material given to potential investors to convince them you will be successful.

3) Each Banx company/division seems to be trying to give the impression that they are already legitimate revenue generating businesses, while you're in the middle of an IPO that you claim still needs to generate 2 mil. That just feels weird, backwards and scammy. You already have your coins ready for sale on Banxmint, people can theoretically trade on Banx.io (although there is no one to trade with) and your offices are already full of equipment (including a dedicated video editing room and set?)

4) This is the reason that inspired me to actually post: You claim to be ahead of schedule and already producing revenue, enabling you to pay out dividends a month early. This is a classic Ponzi move; make the company seem like it's ahead of schedule to convince those that are already invested to double up (even though they haven't even seen a profit yet) and get investors on the fence to jump in quickly before they miss the boat. Please provide a cash flow analysis that shows where and how you've generated a net profit in the 2 weeks or so since your IPO.

There are other red flags I'm forgetting but I digress.

This is either a Ponzi scheme, or you are doing a terrible job of putting the good things you're doing or will be doing into the spotlight.

Also, what kind of CEO takes a week long vacation 2 weeks in to an incomplete IPO?!

Mark if you could convince me I'd be really pleased. The only reason I don't have the pitchforks out is I want this to be a real thing. Streamlining all the back-end processes of Bitcoin under one name and essentially one company would be great for Bitcoin and it's consumers.

this may be somewhere else on the thread but what is the monthly interest?is it staking basically?thanks

Thanks for that. I am on live support so if you run into any problems just give me a shout and I'll happily help

Wow, that is awesome work, well done Banx team!!
Can you give us any idea of how long before dividends will be paid direct to our wallets?  Is that a current development?
Many thanks

Don't forget that for your profits to be paid out each month you will need to put all your shares into the banx.io exchange by the 25th of each month for them to be registered and for you to receive your BTC payout!

The first round of payouts will be happening at the end of this month (October) so make sure you sign up to the exchange quickly and get your shares loaded into your wallet there to ensure your payouts!

We are pretty pleased that we can payout already and hopefully you are too! It is a month earlier than we expected!

If you have any problems getting signed up or getting your coins in then you can hit me up while Mark is away. Either get in touch here, via our live support (I am manning it at the moment) or grab me on skype: yesbossdodd

Looking forward to this first round of payouts!

Simon Dodd
Business Manager

hi he is a friend of mine who is new to crypto. i called him this afternoon and he said his funds are in his account, i will be going round later to show him how to use the exchange.
thankyou for sorting his proplem its much appreciated.

Can you check again now please. They should be showing up for you. Please let us know if they haven't hit your account and we will look into it further for you.

Not sure if they are manual atm pal. Once dev see's your issue will be sorted pretty quick.

hi i deposited 2 transactions to banx.io yesterday but my btc have not showed up can anyone help with this matter?

Right I'm getting packed to fly on vacation guys, I'll keep keeping this thread periodically while away

Regards

Mark
 

Thanks for spending the time to find out

We have out brand and have larger plans with our exchange and that brand to do our own asset based products.

Our shares were developed same as BTC, there will never be more than 6 million BANX shares issued.

Regards

Mark

Hum
I don't grasp it.
Seems worth spending time to understand your idea, buy why adding trust element issue?

Why not issue your Banx shares on the counterparty network?
- same security as BTC
- easy BTC monthly dividend (it's almost made for that)
- "lockable amount" reassure than no more than x will ever be issue

The goal price for all shares are $1 each. We will raise $2.2 million from share issue.

There are private investors who are buying shares off the exchange who are long term investors holding the shares for the long term future benefits of what we are doing.

Banx.io was not active on CMC for 48 hours this week , but is now reporting correctly once again.

Regards

Mark

I don't understand why you would increase the share price when it seemed the price was already high at 0.0022 (reflected by the poor volume over the last week)  Am I missing something?

also volume on CMC seems high compared to actual volume on the banx.io.  Is the exchange reporting correctly?