This seems a very solid project. But there seems to be an issue which is deal breaker. From what i understand the main selling point of the token, the benefit (besides the use for the services at a discount rate which is not stated what this discount will be) is the 20% distribution from the net transaction fees generated. But this distribution is at the discretion of the company! This is stated in the second page of the white paper.
So please someone correct me if i am wrong, the deal here is for people to give their money to the company but they have no legal rights! They get back nothing in reality! If after the ico or when the net transaction fees become significant, company may come and say we only give 10% or nothing! Is this the reality or am i missing something here?
Hasnt anyone considered this??? How are my interests as investor protected?
Thank you in advance for any constructive and insightful replies.
You can check the Term & Conditions for more information:
https://bankera.com/papers/Bankera_Terms_and_Conditions.pdf>Some extracts from the Terms & Conditions:
Bankera may change, amend, delete or add to this Agreement or any of the terms and
conditions contained in any policies or rules governing the Website and/or the Services
at any time and in its sole discretion without notice.
BNK is not redeemable, associated
with financial return
You cannot expect profit from BNK and shall have no expectations of profit from the
future success of Bankera’s business and/or the efforts of Bankera or other persons.
BNKs are not shares of Bankera. BNK does not represent ownership interests or grant
ownership, control and voting rights in Bankera, as well as does not grant any rights to
receive a share of Bankera’s profit.
>so can someone tell me why to invest? And to what i invest if i do? I am just giving away money to the shareholders of the company, for nothing, no significant in return.
Am i missing something here?
They ask for charity?
No reply from any people of the project???
So i assume all the above are indeed true. Unbelievable!
It is unfortunate to what this space has come to. The greedy of people blinds them and to be honest although unfortunate people will lose their money and should have no one to blame for other than themselves.
How can someone invest under these terms and conditions?
It is not investing under these terms and conditions... It is charity. You give away your money!
The only reason someone should invest is because dump enough people, in their thousands, will invest and believe that this token has value, and thus drive price of a worthless token up. Only invest to get the pump and then dump. But this is not responsible behaviour... How many people need to get burnt before they learn? My guess is never enough times.
Anyhow, i can only hope that at least this post has made people a bit more informed and aware of the risks they take by investing here.
