Topic: Minexcoin - A new era of payments - page 38. (Read 646797 times)

They are flying that Crypto Rich youtube clown out now again to due another paid promotion

The card is both mastercard and visa,Today crypto rich said he got mastercard for the test card in his video.

And about minexpay branded card it was mentioned in the article

Naturally, MinexPay users will still get a new MinexPay branded card after the test complete. We believe that this test will confirm that everything is set up correctly and our Minex Web Wallet will work as intended — fast and easy. In addition, given the design of the Minex Web Wallet service, Chain2Pay considers an option of connecting users’ own cards to the Minex Web Wallet in the future.

yeah. That's true, a lot of people can't believe in that. But who cares, I have my card in my pocket and I can use it thru Minexpay at any time. Does not matter what FUDers say.

I was right completely. Minex does not have working cards at all and is misleading theirs customers all the time.From reading theirs post on Medium few conclusions came up:


- they have not crypto working card

- they took company cards from ukranian Privat Bank which can be used only to test theirs application and nothing else

- VISA/Mastercard does not allow using third parties cards for your own customers - cant give bank cards to your own customers

- to get really working cards,they will need to fill sub-issue request to get valid branded cards with theirs logo on them, goes through all necessary regulations,gets VISA/Mastercard approval of card design and makes a contract with card manufacturer.

- they are on the beginning of this long and complicate procedure and as based on experiences of others,bigger companies,they will need 8-10 months to finish it if and only if they have fully qualified people to do it.If all goes well we can expect fully working card for 8-10 months,sometimes in September 2019

- Temhuk used VISA Gold card for alleged testing,but Minex now is saying that they are using for testing bank Mastercard euro card.God knows what is happenning there

Now You can get card at any time in the office of Minexsystems. But if you can't to get there personally please wait till end of the public test.

I also have this question when you will give final date to delivery of this card what is going on in this project that is very terrible to see. Only release of this card could help to get this back on the card otherwise it will keep crashing.

Not all users, but just who want to get test cards. If someone don't want or can't receive card in MNX office he can wait till public test end and get their card by post service.

Shit test, actually 

I thought you got succeed to find the solution how to make that card functional but that is big surprise for me all users have to personally visit to the office to get their card. What is this kind of update still no solution so this war will continue for few more days.

They will certainly try to stay afloat until Republia ICO phase is over.It was sheduled for 25th.January.2019 and should last a month.

Dump will continue anyway,but full scale will be after Republia ICO is over,after 25th.February.

Though,they are on very shaky legs,so if they estimate that Republia will fail,they will dump earlier.

Declaring martial law by ukranian president and prepares for war with Russia, brings so much uncertainity ,so that time of final dump can be much closer,depends of political situation.

Important news

Card public test now officially started


https://medium.com/minecoin-blog/minex-web-wallet-for-minexpay-public-test-started-63832f6afc51

https://www.express.co.uk/news/world/1050567/world-war-3-ukraine-martial-law-russia-crimea-black-sea-latest

BREAKING: Ukraine President imposes ‘MARTIAL LAW’ after Russia opens fire on ships

god forbid that war actually breaks out, but this will give minex and republia the perfect excuse to exit scam.

 

How much time do you think they have before they use their exit strategy and dump everything?

Yeah, they were productive just in one way - to make parts of system who collect money from investors - wallet ,Minexbank, Instabuy

They made OTC option only for buying MNX coins InstaBuy, but not InstaSell as OTC selling option. Money outflow is not allowed 

Logically,bank should have both options, Buy and Sell ,as a tools for regulating supply and demand.

It is absolutely necessary if you want to regulate price of coins,like it was promised in whitelist.

Not making InstaSell option was a clear sign that whole project is one way trip.

Maybe if they spent less time playing table-tennis and more time actually working they would have made a success of Minexcoin/Minexsystem/Minexpay but now the project is dead.

It is being used to scam newbies and gullible investors in order to siphon-off funds to get ready for the Republia scam

 

Minex project was designed with pre-build major flaw. It is impossible to have low price volatility and at the same time to give 70% yearly interest which generates hyperinflation in the system.

Attracted with promise of 70% interest rate and promise of maintaining low price volatilty,investors start pouring ,counting on big returns.Too late for them they realized that if someone gives you 70% interest per year,will take you through multiple times bigger inflation not just interest,but big part of initial investment.

When scammers such as Borys decided to create Minex they had no intention of creating an honest viable product. All they ever wanted was to scam and make enough money to keep them happy for a few years before they embarked on another scam.

Their lies were intended to scam therefore whether they claimed low volatility or anything else is irrelevant to be honest.

With their paid trolls such as jedgar and yurez83 along with their inner circle scammer alliance of Racquemis1, Temhuk and Borys Shulyayev they have fooled many people and many investors.

I'm tired of saying anything about this matter, but I have to disagree! If someone say that their project is low volatility coin and than that coin crashes, market cannot be excuse!
There is so many stable coins that also guarantee that their coin won't be volatile, even tether most controversial of them dont have volatility more than 1-2%!

Agree,price cant be single sign of scam,though MNX price went down 60x from ATH.It is far deeper drop to be defined just as a consequence of bear market.

People usually call scam when someone took theirs money and run shortly after investment.That is obvious scam.But there is other types of scams and Minex looks a lot like as so call crawling scam.

Crawling scams at first look as a regular investing opportunity. Have on the first sight legitimate structure,business plan,etc,but deeper inside its structure are signs that it project is not meant to last.One of major signs of crawling scam is a unrealistic promised returns,goals and business plans.That is playing on pure greed of investors rather than on project sustainability.After investment cycle is over,crawling scam makes few minor upgrades of project,nothing too much costly and with help of massive advertising, blow such minor successes out of proportion, creating necessary hype  and price rise.

After it comes a dump of coins on investors.Investors think about it as a price correction after it will continue to grow again.But that never hapenned. Price continues to slide down,project developping is stopped,no good news,just a lot of promises and lies to buy some more time,managed to fool investors about real situation,that they are trapped.After some time ,investors become desperate and start to sell theirs coins at lose,smaller or bigger,depends on when they realized that project will not recover.

At the same time,scammers buy back coins at significantly smaller prices.They let investors to return some small part of investment,but continue to drive prices down to force every single investor to sell coins.When overwhelming majority of coins are bought back, project comes in shutdown phase and all is looking just as one failed project not as a scam what it really is.


 

 

It must be hard for scammer temhuk to accept that all his investment is lost, it is game over for him because MNX are now at $0.97 each and has a market capital of just $4.5 million.

It is true nobody seems to like him, even the Minex scammers and Republia scammers are tired of him