Making a deal with Novarise Secrecy was a clear sign on high level on incompetence inside Minex.They didnt bother to check who is that guy when even a look on his FB and Twitter pages was enough to see that he is one of quick-rich scheme scammer.
But there are much more serious issues which cant be named as incompetence:
- false statement made in pre-ICO phase about making a deal with prominent european bank to buy share in Minex for 1705.44 BTC through buying 1.095 millions of MNX. Prominent european bank paid for a share in Minex in BTCs + in that time(late 2016),Minex wasnt existed( it was founded 22.Aug.2017)?? Big bank paid anonymous ICO in BTCs and despite Minex wasnt registred as a company. That was big,fat lie ,because Minex had to return money to investors in case that pre-ICO selling was unsuccessfull.This way,they avoided it.Should be noted that announcement of that deal was made by Boris son himself who are now trying to launch another ICO,Republia.
- launching Minex with 70% parking rate was a clear sign that whole project was made more as a short-lived fradulent HYIP scheme than stable long-term project. Build-in hyperinflation is never sign of project longevity.
- Minex was collected more than enough money to realize complete whitelist. They realized almost nothing,so question is where is the money,if Minex wasnt spent in on project? If someone in business took money to make something and he didnt deliver it ,he has to pays compensations or go to prison for fraud.
- making only InstaBuy and not InstaSell , as a complete tool for price regulation via OTC buy/sell option is not due to incompetence.Everybody knows that if you make only option for selling of coins , it will inevitably lead to continuous price decline.You can make such system only if your real intention is to make money by selling premined coins to naive people who believe in project, all along to the bitter end
- CSOB agreement false announcement wasnt misunderstanding.You can named it as misunderstanding if Minex had some business agreement with CSOB ,but misinterpreted it somehow.
- cant be just incompetence advertising payment card program and collecting money for cards in advance for months,despite Minex has never had any agreement for issuing branded payment cards. Minex was aware of not having issuing contract,but it kept advertising payment cards with all theirs features.They were aware that it will mislead people to believe that it is just one small step from card delivering,because nobody cant give card features without having issuing contract first.
What an excellent post. Thank you,
You lay out the case against Minexsystem and their full incompetence in the whole process since the ICO until now.
Even a genuine apology would have gone a long way after they were exposed as being liars but all they gave was a half-hearted "sorry" and put all the blame on CSOB as a misunderstanding and then put the rest of the blame on Novarise. That was a ridiculous thing to do when clearly Borys and his team were incompetent.
You are right they should have made announcements AFTER they had card contracts in place and they keep saying they "thought" they had card contracts in place. That is not how to run a business.
