📢[ANN] [ICO] - MenaPay - Crypto made easier than cash - PRIVATE SALE (LIVE) - page 24.

levyashin

sr. member

Activity: 980

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$CYBERCASH METAVERSE

Quote from: pynetx on November 13, 2018, 05:20:34 AM

Quote from: chichidori on November 13, 2018, 03:18:49 AM

Too much of a bonus when purchasing a token will eventually cause any token to go down in price when its listed, because a lot of trader are now into token flip, no more holding and wait for the moon if you can get a good profit by quickly selling your token and jumping into another projects. but some cases are different its not always like that.

I agree. Huge bonuses always result in a bigger dump and I usually wait for the initial investors to dump them on exchanges rather than directly buying on the ICO.
But, I am unable to find any bonus structure for Menapay. Could you please provide some link if there's any?

I couldn't find that either.

Maybe because there is still a big time before ico, they didn't decide or announced their bonus structure yet.

pynetx

sr. member

Activity: 798

Merit: 262

Quote from: chichidori on November 13, 2018, 03:18:49 AM

Too much of a bonus when purchasing a token will eventually cause any token to go down in price when its listed, because a lot of trader are now into token flip, no more holding and wait for the moon if you can get a good profit by quickly selling your token and jumping into another projects. but some cases are different its not always like that.

I agree. Huge bonuses always result in a bigger dump and I usually wait for the initial investors to dump them on exchanges rather than directly buying on the ICO.
But, I am unable to find any bonus structure for Menapay. Could you please provide some link if there's any?

flametoken

copper member

Activity: 61

Merit: 2

Is there a list of exchanges where this is listed already?

wator1

newbie

Activity: 8

Merit: 0

Might be tricky though, most citizens of the MENA region have nothing to do with finance, don't own a bank account and are not interested in owning one, only care about cash, etc. Good luck though!

Altcoinrusher

full member

Activity: 616

Merit: 100

If they could make a much wider distribution of tokens, then sudden dumps from some token holders would be negligible and will not affect much on the token price. So I guess they must do everything in their capacity to do just that. Imho.

mr.robot8

full member

Activity: 938

Merit: 159

Quote from: levyashin on November 13, 2018, 01:25:48 AM

Quote from: nobytes on November 12, 2018, 04:14:55 PM

Quote from: ParRus on November 12, 2018, 03:47:02 PM

Whales can dump at any given time, I prefer when there is a large community of average investors, then token price will be more stable.

Well let them dump menapay, i think the menacash serves that purpose of stability, meanwhile you could pocket cheap menapay Tongue

Security tokens tend to dump less. Because unlike utility they are backing with some real value (profit share of the company) so dump can happen of course but if it will, i expect a limited dump.

perhaps it is true that security tokens tend to dump less and for less time because they offer a series of advantages such as dividends for their possession

chichidori

legendary

Activity: 1694

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Too much of a bonus when purchasing a token will eventually cause any token to go down in price when its listed, because a lot of trader are now into token flip, no more holding and wait for the moon if you can get a good profit by quickly selling your token and jumping into another projects. but some cases are different its not always like that.

jonnytracker

sr. member

Activity: 672

Merit: 261

Quote from: levyashin on November 13, 2018, 01:25:48 AM

Quote from: nobytes on November 12, 2018, 04:14:55 PM

Quote from: ParRus on November 12, 2018, 03:47:02 PM

Whales can dump at any given time, I prefer when there is a large community of average investors, then token price will be more stable.

Well let them dump menapay, i think the menacash serves that purpose of stability, meanwhile you could pocket cheap menapay Tongue

Security tokens tend to dump less. Because unlike utility they are backing with some real value (profit share of the company) so dump can happen of course but if it will, i expect a limited dump.

Yes dividend earning and staking coins seems to dump less

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: nobytes on November 12, 2018, 04:14:55 PM

Quote from: ParRus on November 12, 2018, 03:47:02 PM

Whales can dump at any given time, I prefer when there is a large community of average investors, then token price will be more stable.

Well let them dump menapay, i think the menacash serves that purpose of stability, meanwhile you could pocket cheap menapay Tongue

Security tokens tend to dump less. Because unlike utility they are backing with some real value (profit share of the company) so dump can happen of course but if it will, i expect a limited dump.

Frank37

sr. member

Activity: 770

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: matjas on November 12, 2018, 06:03:26 PM

Quote from: MandatoryOption on November 12, 2018, 04:57:26 PM

Quote from: nobytes on November 12, 2018, 04:14:55 PM

Quote from: ParRus on November 12, 2018, 03:47:02 PM

Whales can dump at any given time, I prefer when there is a large community of average investors, then token price will be more stable.

Well let them dump menapay, i think the menacash serves that purpose of stability, meanwhile you could pocket cheap menapay Tongue

But to reach its financial goals big investors can be necessary. It's hard nowadays to find sufficiant funding amongst the community. Sure, whales probably have gotten good bonuses but therefore a lot of projects have a vesting period for their tokens to prevent dumps.

We are already used to whales dumping tokens of many project when they go on exchange but it doesnt happen to all project, even greedy whales can recognize a good project and will hold their tokens and i think MenaPay is one of them.

Yes, now in the bearish time, many whales holding their bags.

matjas

full member

Activity: 798

Merit: 115

Quote from: MandatoryOption on November 12, 2018, 04:57:26 PM

Quote from: nobytes on November 12, 2018, 04:14:55 PM

Quote from: ParRus on November 12, 2018, 03:47:02 PM

Whales can dump at any given time, I prefer when there is a large community of average investors, then token price will be more stable.

Well let them dump menapay, i think the menacash serves that purpose of stability, meanwhile you could pocket cheap menapay Tongue

But to reach its financial goals big investors can be necessary. It's hard nowadays to find sufficiant funding amongst the community. Sure, whales probably have gotten good bonuses but therefore a lot of projects have a vesting period for their tokens to prevent dumps.

We are already used to whales dumping tokens of many project when they go on exchange but it doesnt happen to all project, even greedy whales can recognize a good project and will hold their tokens and i think MenaPay is one of them.

Frank37

sr. member

Activity: 770

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: bitcoin-shark on November 12, 2018, 05:11:53 PM

Quote from: king_of_alts on November 12, 2018, 11:56:06 AM

Quote from: nobytes on November 12, 2018, 11:11:49 AM

Quote from: the_donald on November 12, 2018, 06:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right, But they all got money to burn Wink

... And we want the support from the "whales"

Arab princes investing in crypto would really be interesting as it could lead to the broader population of the area becoming interested in crypto.

in my opinion, big investors are always welcome regardless of their country of origin...

Where is the link to the info with the arabian princess now?
I assume that was fake news ...

bitcoin-shark

hero member

Activity: 2968

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Quote from: king_of_alts on November 12, 2018, 11:56:06 AM

Quote from: nobytes on November 12, 2018, 11:11:49 AM

Quote from: the_donald on November 12, 2018, 06:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right, But they all got money to burn Wink

... And we want the support from the "whales"

Arab princes investing in crypto would really be interesting as it could lead to the broader population of the area becoming interested in crypto.

in my opinion, big investors are always welcome regardless of their country of origin...

MandatoryOption

member

Activity: 546

Merit: 12

Quote from: nobytes on November 12, 2018, 04:14:55 PM

Quote from: ParRus on November 12, 2018, 03:47:02 PM

Whales can dump at any given time, I prefer when there is a large community of average investors, then token price will be more stable.

Well let them dump menapay, i think the menacash serves that purpose of stability, meanwhile you could pocket cheap menapay Tongue

But to reach its financial goals big investors can be necessary. It's hard nowadays to find sufficiant funding amongst the community. Sure, whales probably have gotten good bonuses but therefore a lot of projects have a vesting period for their tokens to prevent dumps.

Rigorous

full member

Activity: 574

Merit: 115

Quote from: mandibleclaw on November 12, 2018, 03:33:31 PM

So what do you think about the fact the MenaCash will run on a private blockchain? I think that when we talk about single point of failure we're not talking about decentralized blockchain anymore

Wow, I must have missed that part! On first sight a private blockchain seems to contradict the very concept of transparent banking.

I suppose I have conflated the different axes of blockchain types.

It is possible to have publicly transparent, on-chain transactions while not letting everyone access the chain. Where would MenaCash fit in?

nobytes

full member

Activity: 364

Merit: 101

Quote from: ParRus on November 12, 2018, 03:47:02 PM

Whales can dump at any given time, I prefer when there is a large community of average investors, then token price will be more stable.

Well let them dump menapay, i think the menacash serves that purpose of stability, meanwhile you could pocket cheap menapay Tongue

ParRus

full member

Activity: 490

Merit: 104

Quote from: belechau on November 12, 2018, 01:37:46 PM

Quote from: king_of_alts on November 12, 2018, 11:56:06 AM

Quote from: nobytes on November 12, 2018, 11:11:49 AM

Quote from: the_donald on November 12, 2018, 06:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right, But they all got money to burn Wink

... And we want the support from the "whales"

Arab princes investing in crypto would really be interesting as it could lead to the broader population of the area becoming interested in crypto.

This would be a form of income sharing among the less fortunate, unfortunately there are not many nobles with this interest, I think if there is interest on the part of these in the crypto, it will always be something with retained information. But your thinking is inspiring.

Whales can dump at any given time, I prefer when there is a large community of average investors, then token price will be more stable.

Amelie Poulain

full member

Activity: 518

Merit: 101

Quote from: mandibleclaw on November 12, 2018, 02:26:31 PM

Quote from: king_of_alts on November 12, 2018, 11:56:06 AM

Quote from: nobytes on November 12, 2018, 11:11:49 AM

Quote from: the_donald on November 12, 2018, 06:56:57 AM

guys don't get your hopes up about saudi royals. there's literally hundreds of them

You are right, But they all got money to burn Wink

... And we want the support from the "whales"

Arab princes investing in crypto would really be interesting as it could lead to the broader population of the area becoming interested in crypto.

Because they care about their population, they have golden baths in their hotels but poor people just die in poverty, even workers used to buy such hotels

It seems to me that if project team can find investors from these regions, then one or two will be enough to achieve a hard cap, btw it's 25m $ ?

mandibleclaw

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Activity: 532

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ONe Social Network.

Quote from: Rigorous on November 12, 2018, 03:22:00 PM

Quote from: jonnytracker on November 12, 2018, 12:36:07 AM

Quote from: Rigorous on November 11, 2018, 07:46:16 PM

Because of Islamic finance rules every transaction needs to be transparent and seen by at least 2 people. An off-chain, centralized exchange is a black box. As the transaction settlement in a centralized exchange takes place within the exchange's server we cannot see what is precisely going on.

Actually I think the whole crypto market should adopt those Islamic finance rules because there is too damn much manipulation and wash trading going on.

Don't compromise your free for false security. It will evolve, crypto foundation was to move away from regulation and rules. Why you want to go back

Centralized off-chain transactions are simply not part of crypto, but a remnant of the traditional, corrupt way of banking.

There are rules in the traditional, corrupt banking world because that is the only way to stop it from devolving into a completely dysfunctional mess - now it is just a partially dysfunctional mess.

The way to go forward is to have just a few essential rules, such as all transactions should be on-chain and transparent. Not rules that only apply to commoners, designed to be circumvented by the financial elite.

So what do you think about the fact the MenaCash will run on a private blockchain? I think that when we talk about single point of failure we're not talking about decentralized blockchain anymore

king_of_alts

member

Activity: 476

Merit: 10

Quote from: Rigorous on November 12, 2018, 03:22:00 PM

Quote from: jonnytracker on November 12, 2018, 12:36:07 AM

Quote from: Rigorous on November 11, 2018, 07:46:16 PM

Because of Islamic finance rules every transaction needs to be transparent and seen by at least 2 people. An off-chain, centralized exchange is a black box. As the transaction settlement in a centralized exchange takes place within the exchange's server we cannot see what is precisely going on.

Actually I think the whole crypto market should adopt those Islamic finance rules because there is too damn much manipulation and wash trading going on.

Don't compromise your free for false security. It will evolve, crypto foundation was to move away from regulation and rules. Why you want to go back

Centralized off-chain transactions are simply not part of crypto, but a remnant of the traditional, corrupt way of banking.

There are rules in the traditional, corrupt banking world because that is the only way to stop it from devolving into a completely dysfunctional mess - now it is just a partially dysfunctional mess.

The way to go forward is to have just a few essential rules, such as all transactions should be on-chain and transparent. Not rules that only apply to commoners, designed to be circumvented by the financial elite.

Absolutely true. Some basic rules mist be followed but crypto is also a lot about freedom and being responsible for your (trans)actions. Grin

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