pmsl
Topic: [irregularities] Mass Network - page 38. (Read 91893 times)
This project was conceived for over 8 months and now investors and would be investors are not satisfied because of the late investors bonus,why not change that early investors are the first one who push this project ,late investors just saw this because of the early bird taking the first step.
browser available: https://github.com/massnetwork/mass-browser
For those who have already invested, this final bonus is bigger too: any new amount invested on or after 25th of November is eligible for the bonus of 65%, not 55%.
I think this sentence is a source of confusion. Do you mean that the 65% bonus only concerns old investors that would want to invest more after the 25th or does it also concern new investors?
Yes, thats what it seems to mean, as an early stage ICO participant you'll get +65% for additional investments but keep in mind your earlier bonuses have been nullified by the 55% new investments bonus.
Okay, thx, I was confused as I didn't understand that new investors will get +55%. Trying to attract new investors isn't enough of a reason to do that unless the early investors bonuses are changed accordingly (which is not the case with the "+15% rule"). Angry investors will be the first to dump this time ...
Please pay attention to all the details https://blog.mass.network/final-bonus/
If you are eligible for any of the previous bonuses, the amounts invested before upgrade according to the following “+15% rule”:
The 45% bonus (applied from 25th of August to 15th of September) becomes 60%.
The 25% bonus (applied from 15th to 30th of September) becomes 40%.
The 10% bonus (applied from 1st of October to 1st of November) becomes 25%.
For those who have already invested, this final bonus is bigger too: any new amount invested on or after 25th of November is eligible for the bonus of 65%, not 55%.
If you are eligible for any of the previous bonuses, the amounts invested before upgrade according to the following “+15% rule”:
The 45% bonus (applied from 25th of August to 15th of September) becomes 60%.
The 25% bonus (applied from 15th to 30th of September) becomes 40%.
The 10% bonus (applied from 1st of October to 1st of November) becomes 25%.
For those who have already invested, this final bonus is bigger too: any new amount invested on or after 25th of November is eligible for the bonus of 65%, not 55%.
Mr. Oshchepkov, don't you understand this is a pure robbery and changing terms causing wealth redistribution on this stage is illegal? Do you do this by your own initiative, or you are forced to do this by the order of your new patron Mr. Kuzmin?
I know an important part of Mass team was not aware of this strange decision. So who has made it?
I will ask again: consult your advisers, particularly Mr. Lozhevsky and Mr. Reversat, and ask them, whether what you do now is legal. Then come here and answer the questions of your investors.
I am officially removing MASS project from my signature until I get sane answer. I am really sad to see this.
For those who have already invested, this final bonus is bigger too: any new amount invested on or after 25th of November is eligible for the bonus of 65%, not 55%.
I think this sentence is a source of confusion. Do you mean that the 65% bonus only concerns old investors that would want to invest more after the 25th or does it also concern new investors?
Yes, thats what it seems to mean, as an early stage ICO participant you'll get +65% for additional investments but keep in mind your earlier bonuses have been nullified by the 55% new investments bonus.
For those who have already invested, this final bonus is bigger too: any new amount invested on or after 25th of November is eligible for the bonus of 65%, not 55%.
I think this sentence is a source of confusion. Do you mean that the 65% bonus only concerns old investors that would want to invest more after the 25th or does it also concern new investors?
Just as we can't ask for our BTC back, Mass are bound not to change the deposit/bonus structure while the ICO period is in flight. There is probably some small print which legally makes this 'ok'. However morally and in terms of investor transparency - it is reprehensible.
I made my investment in September - if I could get my money back now I would. Something is seriously amiss here. Anyone who things these changes are acceptable are probably late investors (with lots to gain) or someone involved with this poor decision making.
What a way to start a project guys.
I made my investment in September - if I could get my money back now I would. Something is seriously amiss here. Anyone who things these changes are acceptable are probably late investors (with lots to gain) or someone involved with this poor decision making.
What a way to start a project guys.
Fully agree.
This is fucking bullshit.
Please pay attention to all the details https://blog.mass.network/final-bonus/
If you are eligible for any of the previous bonuses, the amounts invested before upgrade according to the following “+15% rule”:
The 45% bonus (applied from 25th of August to 15th of September) becomes 60%.
The 25% bonus (applied from 15th to 30th of September) becomes 40%.
The 10% bonus (applied from 1st of October to 1st of November) becomes 25%.
For those who have already invested, this final bonus is bigger too: any new amount invested on or after 25th of November is eligible for the bonus of 65%, not 55%.
If you are eligible for any of the previous bonuses, the amounts invested before upgrade according to the following “+15% rule”:
The 45% bonus (applied from 25th of August to 15th of September) becomes 60%.
The 25% bonus (applied from 15th to 30th of September) becomes 40%.
The 10% bonus (applied from 1st of October to 1st of November) becomes 25%.
For those who have already invested, this final bonus is bigger too: any new amount invested on or after 25th of November is eligible for the bonus of 65%, not 55%.
Cost reputation for today:
TOTAL FUNDS RAISED: 300 (Today) - TOTAL FUNDS RAISED: 260 (November 25) x 0.65 x $ 730 = 40 x 0.65 x $ 730 = $ 18,980
Correctly calculated? Regrettably.
If mass disrespects shareholders now guess what they will do later.
If I am not mistaken this is pure thievery. Not only is a share taken away from early ICO participants some are now effectively paying the bonus for new investments!!
For every 1 BTC invested at 25% bonus (new bonus -15%) 0.15 BTC now goes directly to new investors.
For every 1 BTC invested at 10% bonus (new bonus -30%) 0.30 BTC now goes directly to new investors.
This is absolutely unheard off. @mass.network - Are you sure you are not making a few miscalculations and if you are not how can you push this through without some serious explaining and shame on your faces! I guess that large investment will be coming one of these last few days.. Is this the deal you had to make with Alexander Kuzmin?
Quote: "I, as Mycelium CEO, am also one of the people on the board of directors of Mass, and one of its treasurers. As per the press release, I plan to take over as CEO of Mass as well to help provide them with some guidance, and will make a major purchase later the year." (http://news.wallet.mycelium.com/mycelium-wallet-status-update-for-november-2016/)
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The reason for a collective appeal to the court!
If mass disrespects shareholders now guess what they will do later.
If I am not mistaken this is pure thievery. Not only is a share taken away from early ICO participants some are now effectively paying the bonus for new investments!!
For every 1 BTC invested at 25% bonus (new bonus -15%) 0.15 BTC now goes directly to new investors.
For every 1 BTC invested at 10% bonus (new bonus -30%) 0.30 BTC now goes directly to new investors.
This is absolutely unheard off. @mass.network - Are you sure you are not making a few miscalculations and if you are not how can you push this through without some serious explaining and shame on your faces! I guess that large investment will be coming one of these last few days.. Is this the deal you had to make with Alexander Kuzmin?
Quote: "I, as Mycelium CEO, am also one of the people on the board of directors of Mass, and one of its treasurers. As per the press release, I plan to take over as CEO of Mass as well to help provide them with some guidance, and will make a major purchase later the year." (http://news.wallet.mycelium.com/mycelium-wallet-status-update-for-november-2016/)
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The dev has explained everything about the bonus it is now for investors and traders to appreciate this,this project took 8 months going to their ICO.I think everything has been considered in terms of bonus in my case I am not looking on bonus I'm looking more on what it can bring to the table.
Please pay attention to all the details https://blog.mass.network/final-bonus/
If you are eligible for any of the previous bonuses, the amounts invested before upgrade according to the following “+15% rule”:
The 45% bonus (applied from 25th of August to 15th of September) becomes 60%.
The 25% bonus (applied from 15th to 30th of September) becomes 40%.
The 10% bonus (applied from 1st of October to 1st of November) becomes 25%.
For those who have already invested, this final bonus is bigger too: any new amount invested on or after 25th of November is eligible for the bonus of 65%, not 55%.
If you are eligible for any of the previous bonuses, the amounts invested before upgrade according to the following “+15% rule”:
The 45% bonus (applied from 25th of August to 15th of September) becomes 60%.
The 25% bonus (applied from 15th to 30th of September) becomes 40%.
The 10% bonus (applied from 1st of October to 1st of November) becomes 25%.
For those who have already invested, this final bonus is bigger too: any new amount invested on or after 25th of November is eligible for the bonus of 65%, not 55%.
If mass disrespects shareholders now guess what they will do later.
geez, you are not a shareholder. This is an App Token!!
That is not fair to the early investor.
The early investor get plus 55% bonus is fair!!
The early investor get plus 55% bonus is fair!!
Just as we can't ask for our BTC back, Mass are bound not to change the deposit/bonus structure while the ICO period is in flight. There is probably some small print which legally makes this 'ok'. However morally and in terms of investor transparency - it is reprehensible.
I made my investment in September - if I could get my money back now I would. Something is seriously amiss here. Anyone who things these changes are acceptable are probably late investors (with lots to gain) or someone involved with this poor decision making.
What a way to start a project guys.
I made my investment in September - if I could get my money back now I would. Something is seriously amiss here. Anyone who things these changes are acceptable are probably late investors (with lots to gain) or someone involved with this poor decision making.
What a way to start a project guys.
they never said that they will not change bonus structure.
Bonus is just bonus and they can give bonus to anyone they want.
Bonus is just bonus and they can give bonus to anyone they want.
No, they cannot. It is a violation of announced terms, and if those bonuses are given from ICO fund, it is an act of stealing funds from initial investors in favour of new investors. No serious business in real world can do that without legal implications. If they are giving those bonuses out of their pockets - they have the right. But they don't have the rights to brake agreement (Terms) and give bonuses out of their investors pockets.
Someone could probably think I am writing this just to protect my own investment. Thats not the case, not at all. As the very early investor I have enough bonus, and I actually wanted to invest more now, with zero bonus. But after readin this scam-like announcement, I just hold off. This 55% bonus, instead of attracting people, should rather scare them off.
this is not a scam. they never said that they will not change bonus structure.
Bonus is just bonus and they can give bonus to anyone they want. there are also other successful icos which changed the bonus during ico e.g. decent
the problem was that they just rised not enough btc and had to move up the bonus for late investors. this was a very smart move and for the best for all
Bonus is just bonus and they can give bonus to anyone they want. there are also other successful icos which changed the bonus during ico e.g. decent
the problem was that they just rised not enough btc and had to move up the bonus for late investors. this was a very smart move and for the best for all
The problem here is that it is not really a bonus. There is a finite supply of mass coins. If they give a bonus that means they essentially take coins from early investors and redistribute it to late investors. It is a redistribution of wealth.
If they had said beforehand that there was a set amount of coins for "advertising" to be used to promote mass, then yes, I would be okay them using those advertising coins for bonuses. They need to clarify where those bonus coins come from. Remember, 70% of the coins is initial offering and 30% to the devs if I remember correctly. So, nothing was said about any other allocation of coins, (so this is scam-like).
Ridiculous.. This move is just ridiculous, and is illegal as well... Late investor bonus + change of terms at the very end - this is a clear scam pattern. Is this indeed a scam? I have never thought I could write this about this project - the only project I ever recommended in my sig...I am waiting for explanations and apologies from devs
Bonus is just bonus and they can give bonus to anyone they want. there are also other successful icos which changed the bonus during ico e.g. decent
the problem was that they just rised not enough btc and had to move up the bonus for late investors. this was a very smart move and for the best for all
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