Greetings!_______________________________________________________________
This ICO has currently turned into a financial disaster for investors. While most ICOs see some sort of appreciation on initial trading, MNTP has continued to tank since the recent exchange launches on EtherDelta and Yobit. A few days ago, the company falsely claimed (no doubt by merely observing the order book) that there were few, if any, sellers on Yobit and that the price was around $3.5. My view at that time was that GoldMint were deluded since who wishes to crystalize at least a 50% loss by selling.
A few days later, it's fair to say that investors are now looking at 90% paper losses or more. The current sell price on Yobit is 0.00081 MNTP/ETH which at the current ETH/USD price of $716 implies a MNTP price of only $0.58. Perhaps worse is that at the time of the ICO, ETH average price was between $250 and $300. It means that MNTP investors have lost the benefit of the recent ETH rise and, therefore, the real value of MNTP to them is between $0.20 and $0.24.
GoldMint, however, HAVE benefited from the rise in ETH and BTC which means they are now sitting on proceeds 2 to 3 times higher than the final ICO outcome.
Quite frankly, the performance is scandalous and yet no one on here or any other social media platform is making any noises.
It's also clear that GoldMint's directors have very little, if any, experience in marketing. Posting Twitter updates that relate to non-related GoldMint business is not marketing. Posting on GoldMint social media platforms once every so often is not marketing. There is lack of a coherent strategy. Marketing does not begin and end with the pre-launch, launch and finalization of an ICO! But that, in fact, is the reality for GoldMint. It's embarrassing; it's extremely insulting to all of those who have committed valuable funds to this venture; and it paints a very, very dim picture of the integrity of those who run the company. It's like GoldMint was only motivated to raise money for its venture with scant regard for anything else. If you look at their blog and social media activity, it coincides perfectly with the 'before' and 'during' of the ICO period. Afterwards, activity has died. As I said, it's embarrassing. Never mind "GoldMint", GOLD-DIGGERS would be more appropriate at this stage!
I for one, having invested significantly in GoldMint, am extremely disappointed with this company. So, I am appealing directly to the owners and directors to consider the very high millions of dollars they are now sitting on and to appoint an entire marketing team that is responsible for keeping us investors updated on a very frequent basis. There are some superb models to follow in the ICO world: checkout Universa.io for one. With the funds you have, the technology you are developing, the opportunity that so many of us clearly believe in, you have the power to get your message out to the whole world to make this project a success. You have an advertising budget (after the rise in BTC and ETH since the end of the ICO) that would put some of the world's largest companies to shame. Please don't waste it!
On behalf of everyone who has parted with their hard-earned cash to fund your venture, I would appreciate a detailed reply on this platform from a senior figure outlining what plans you have to support your token price as well as encourage new buyers to participate now the ICO HAS FINISHED! The current price should concern you considerably and cannot be justified by so-called 'bounty-hunters' selling as you put out recently. There is no "bounty" to sell after all.
I look forward to reading a response from a senior figure soon.
We won't perform any expensive marketing campaigns before having MVP which will happen in January.
Here I mean an opportunity of buying and selling ETH based GOLD tokens for fiat.
In January-February we also plan to launch our own custom-tailored graphene based blockchain.
To reach our CEO I would recommend you to join our telegram channel:
https://t.me/goldmintioWith regards,
team GoldMint