Let's summarize what has been reported previously:
1- High level of centralization;
2- Unfair wealth distribution (72% pre-mined with ~90% of it to the team);
3- Price manipulation (WP: "price capped at 0,4$");
4- Reported fake users accounts;
5- Potential lies about user activity (officially reporting 40,000 daily active users but explorer show rewards are given to ~2,000/day);
6- Questionable business ethic: Avoid questions, arrogant, lack of transparency + ban "too curious" users from chats;
7- Unclear WP (Only a vague commercial version, not very technical):
- Fork of Pivx without the privacy features (zerocoin protocol) --> Basically fork of Bitcoin;
- Browser itself fork of chromium open source code;
- Unclear mechanisms (Terms of team sales of max 10M/y not clearly defined anywhere, economic projections very basic and unclear, burning unclear);
- 0 fees policy may expose them to network vampirizing attacks;
- Overall long term supply model unclear (no tx fees + decreasing supply + capped max supply + burning = deflationary?)
8- PRIVACY:
No mention about privacy in the WP or anywhere.
This plus some other clues indicate they are potentially recording individual browser history through activity.
What they expect to do with user data isn't clear.
What is clear is that these guys are planning to "press the lemon" as much as they possibly can.
They are not really in a logic of community-driven solution but a full for-profit Business Model.
They treat their NBX coin as a if it was a security (US investors to be careful with this).
Always Invest at your own risks and after thorough researches to make responsible investment decisions.
Agi
Hello.
Thank you for your opinion. Let us answer.
1. Sure, as all new projects, as all newborn children - they need care to be safe. Read please our whitepaper to get the answers about this period, it is described in detail.
2. More than fair. NetBox.Global team produces a ready-to use product, the devolopment of which has been made entirely at own expense. Netbox.Global does not use any financial schemes that involve obligations to users (ICO, IEO, etc.). Initially, the team owns 100% of the project share. Team decided to distrubute a part of the shares of coins for the successful promotion and improvement of the product.
3. There are no manipulations. There is market! Starting price of NBX was $0.4. But there were no sales at this level. You know that tomorrow price can be $1 or $0.01 - it's up to you (users, traders, holders, robots etc.)
Team does only have to care about the things planned to be done for Netbox.
4. Reported? We give reports once a year. First report is planned on july 2020. So can't give comments to not existing information.
5. Read the paragraph above. But for today I can confirm that there are about 40000 registrations and a range of daily active users from 2000 to 4000. Active - is not the same as total registrations.. hope you undestand it.
6. We never ban users for questions! Just follow the rules of the chat. Be polite, and you are welcome!
7. You should read WP and economy model one more time for better understanding as there are all answers. And about supply, inflation and burning all is written in WP. Just need to pay attension to Netbox.Global products. NBX is internal utility coin - the answer is there. Also you can find formula for block reward that explains emission.
8. We always indicate that Netbox.Browser doesn't collect any data. Moreover we excluded that option integrated in Chromium. So Netbox.Browser gives you really untraceable Internet surfing. You can check it yourself as you wish or with the help of any antivirus.
We hope our answers will help you to understand Netbox better.
We are sure in the project and see its bright future.
You are welcome to join us!
