Topic: [ANN] VANBEX LABS (FUEL) 🎉 FIRST PRODUCT ROCKET 🚀 IS LIVE!☀️ (Read 323499 times)

SimbaQQ

Many users were defrauded by a website claiming tokens purchase because of the group's Admins instructions on telegram ، Then the Telegram Group was deleted

Website is down, telegram channel is ruled by scammers
Beware

LOL  look at etherparty take top spot on CMC losers!!!!   so awesome for us fuel holders who got scammed by these clowns!

maybe go

there is no updates because fuel is run by a couple jackass individuals who have nothing to contribute and scammed us into believing they did.,  keep on rockin in the free world!

Why there are no specific updates from this company, whether they left the community without further updates because of the past three months we don't see the active implementation of this project and this will surely decrease the demand for the coin.

It's a shame that the project has become a scam

Should I just write this one off too?  It looks like it's heading to hell in a hand basket as well as all these false hope altcoins.

Got banned from their Telegram channel for politely and objectively criticizing their habit of missed deadlines in total good faith. So basically they get their reputation smeared, we show support and try to give sincere advice, they continue to make extremely slow progress, we continue to show patience. They miss deadline after deadline, we try to call them out for it, they ban us from voicing our opinions. This doesn’t look good at all. “Waiting on legal” for a single announcement for over a month now is something u never see in a professionally run project. No wonder the market perceives the value of this token the way it does

Just came here from early 2018 . I told you here that FUEL is purely SCAM. Some of you dispute with me..So . I hope you still hodler of this peace of sh

Kevin/Lisa, you can ban us all you want, but we will never ever stop reminding the community (or whatever is left of it) what a shit show this is. You are fucking thiefs and I hope justice will soon prevail on this entire scam artistry.

still the same.
when will you return funds to investors?

I have a suggestion for Vanbex or the new company. According to economic theory, Etherparty had a flaw in the pricing model to the detriment of all. In normal markets when demand is less than supply price drops on a product and the market clears. In Etherparty instead of selling in Fuel, the prices were set in USD. This prevented the market from clearing. In the ICO the stated plan was for the company to sell tokens for no less than $1 which meant that in order to stay in business the price of the token had to rise above $1. This was expected to support the price as users would have to acquire tokens on the market creating demand. The demand never arose for two main reasons. First, many ICO participants intended to spend the tokens in the future. But because these Fuel holders were left with tokens purchased at higher value by the time the products were ready, they were reluctant to spend and crystallize the losses. Instead the user could buy on the market but most would not because this would require new money. Few want to spend with the bad experience of suffering loss.  

Now suppose the products were priced in Fuel. They would have become very cheap creating demand. This would have created a powerful incentive to spend Fuel rather than to dump the Fuel on the market with little demand, driving down the price. If you read Jeff Bezos in the Amazon annual reports, when you have a product which has reduced costs at scale, you should price low to build the market share before competitors. Competitors are reluctant to enter because of the prospect of losses. This allowed Amazon to become dominant by pricing only to gain enough gross margin to grow at the maximum rate possible. Vanbex should do the same with STOs. Why wait for the new company? Price the service in Fuel based on the original $1 token price goal. That act would undo the harm of the exaggerated claims of the and would avoid the costs and risks of moving to a new company.

OK, you are saying you are moving the technology to a new company. Which company? And what happens to FUEL tokens? Please be transparent.

Here’s a look at our Rocket platform roadmap, recently updated by our product team. As well as looking down the road, it provides some historical context as well, to show where the platform has come from in its earlier utility token days.
Most of all, we’re excited to show you where Rocket is going, as it evolves into a full fledged Security Token issuance platform providing issuers with the turn-key management functionality required by securities regulators around the world




https://vanbex.com/blog/rocket-roadmap-update

Vanbex Corporate Update
Please read our update on the court claim.

https://vanbex.com/blog/vanbex-corporate-update-june-25-2019

Make sure your up to date with your STO terms. To help you do just that we've compiled the top five terms you’re likely to come across in any STO whitepaper. Check them out: https://vanbex.com/blog/five-terms-investors-will-see-in-a-security-token-offering-and-what-they-mean-to-you-0

The Airdrop was on https://nauticus.exchange/ and has concluded. However, we will be having an airdrop extension soon so stay tuned to earn more $FUEL!

Etherparty/Bitcoin (26 May) #FUEL $FUEL #BTC $BTC: https://www.publish0x.com/cryptostation/etherpartybitcoin-26-may-fuel-fuel-btc-btc-xyvglj