When you look at their subreddit
page you will see that there is no real activity in there and there is a post that catch my us coming from testimonials of their own investors.
Been following the project since ICO in May ‘17. I remember mining like 2 mnx or something off the core wallet before the Bank was even released. Was excited to see growth finally happen after a few months and understood the declines throughout this year to date, and always held some faith for MNX over most other alt coins, but the lack of communication these days is honestly bullshit. Sold off the last of my 4000 MNX last night and earlier today. Ive profited a fair share from this project since ICO price was like under $4 and managed to sell off a bunch back when we were around $23-28. I have about 300 left in a half year parking which ends soon, but I doubt this will be above $1 by that point.
Was a good learning experience and a neat ecosystem idea, but clearly isn’t panning out exactly how anyone thought.
I see in the latest memorandum mention of a better quality of MNX holder ( I see that as a sly slap to those upset at losing so much and it is totally uncalled for ) since I have lost so much on this STABLE coin, I'm going to just sit on what I have and wait it out until the markets pick up, but to be honest I'm going to feel rather guilty selling my coins off to some poor unsuspecting bambi, but it's do that or just accept a total loss ( I'm chuckling because I was stupid enough to fall for the "stable" lies, and they're so blase about it I see they still have not changed the flagrant lies to the right of this screen describing MNX even though they said since writing that it wasn't going quite to plan )
I feel more and more this is just a scam, and now they want people to buy more MNX to lock away and not touch, so that the devs have longer to milk this cash cow before calling it a day and blaming this bear market.
With what happened to MNX coin I think it's a mix of the project team doing some bad moves at the same time their investors losing their trust on them especially when it went down really hard to it's all time high, basically their investors gave up and no new investors really took much interest on what is now considered to be a dead project.
