Topic: Removed [ANN] (Read 3480 times)
an article about the munchee disaster on coindesk - https://www.coindesk.com/sec-halts-multimillion-dollar-munchee-ico-securities-violations/
Some updates about Munchee: https://bitcointalksearch.org/topic/2017-12-12-sec-halts-munchee-ico-for-securities-violations-2571012
Any updates for munchee?
THX
THX
very good project and ico from project just waiting for the day hopefully ico can be a great success and i am sure this project is very bright future
Are there any plans to re-launch this ICO, since the failure to start after the first couple of days last time?
Looks promissing!
The idea is really good and blockchain technology can surely contain the phenomenon of false reviews. There is always the problem of subjective judgment. Evaluation depends very much on personal taste and the habit of tasting certain foods.
Ans infos about the next ICO? Plans? Singapure?
what are the bonuses for first-days purchases?
I surelly like the idea of the project, but some info about the coin would be nice. Is this coin a bitcoin fork or a ethereum contract?
nice idea, but seems like you're overselling your product a little with just 10-50 downloads on Google Play...
Any Updates??
Wow, Munchee upgrades to become international scam company now. Such a great effort. Good luck with your criminal career!
G A M E O V E R!!!!!!!!!!!!!!!!!!!!!!!!!!!!
from slack:
"Hi guys,
We are all shocked and in disbelief still as we have always made sure that Munchee follow and stay compliant with the SEC’s laws and regulations from the beginning. We went an extra mile to have our lawyers do the Howey test on Munchee, include the legal disclaimer in our White paper, and implement the KYC check to prevent money laundering, but it looks like the SEC doesn’t like the idea of US-based companies launching ICOs at all, no matter if you’re a utility token or not. It’s such a disappointment that the SEC would want a company with a working product with established community and user-base, and dedicated team members to stop their fundraising efforts without any clear statements and guidelines. Bad actors in this space won’t be stopped if the regulator continues doing what they’re doing right now.
We are in the process of incorporating Munchee in Singapore to relaunch the token sale. Nevertheless, we thank you all for your continued support and understanding. For those who are asking, we are working our best to facilitate the refund process as fast as we can.
Please email us at [email protected] if you have other questions.
Thank you!
The Munchee Team"
from slack:
"Hi guys,
We are all shocked and in disbelief still as we have always made sure that Munchee follow and stay compliant with the SEC’s laws and regulations from the beginning. We went an extra mile to have our lawyers do the Howey test on Munchee, include the legal disclaimer in our White paper, and implement the KYC check to prevent money laundering, but it looks like the SEC doesn’t like the idea of US-based companies launching ICOs at all, no matter if you’re a utility token or not. It’s such a disappointment that the SEC would want a company with a working product with established community and user-base, and dedicated team members to stop their fundraising efforts without any clear statements and guidelines. Bad actors in this space won’t be stopped if the regulator continues doing what they’re doing right now.
We are in the process of incorporating Munchee in Singapore to relaunch the token sale. Nevertheless, we thank you all for your continued support and understanding. For those who are asking, we are working our best to facilitate the refund process as fast as we can.
Please email us at [email protected] if you have other questions.
Thank you!
The Munchee Team"
How many tokens have u sold so far?
Why do you have to be so mad? Are you from Yelp or something? I think they're not a scam, so they don't have to worry about being reported to the SEC. I know that they also do the KYC for the buying process. I think this is an interesting project with strong team & advisors. Just read about it through a post from Steemit (https://steemit.com/ethereum/@kingscrown/lets-check-how-already-accomplished-kyber-network-is-doing-and-upcoming-munchee-ico). Let's see how it goes 
I'm restaurant owner. I don't want bad people like these guys using our hard work to scam people. You try to support them but cannot give any reasonable defense at all. That already indicate you are from that team. Remember what go around come around. Let's see how it goes.
Wanted to buy tokens on the presale yesterday.
Gave them all my Data cause of knowyourcostumer.
And got a MUN contract address. Tried to create the token in Myetherwallet --> Not possible
Tried to search for MUN contract address on Etherscan ---> The token is not even listed
I like the Idea but i didnt spent any ETH because of problems like this make the sale not trustful..
Is it a Scam or is there anywhere a working contract address?
What have the Munchee Members to say? chelslam?
Gave them all my Data cause of knowyourcostumer.
And got a MUN contract address. Tried to create the token in Myetherwallet --> Not possible
Tried to search for MUN contract address on Etherscan ---> The token is not even listed
I like the Idea but i didnt spent any ETH because of problems like this make the sale not trustful..
Is it a Scam or is there anywhere a working contract address?
What have the Munchee Members to say? chelslam?
Why do you have to be so mad? Are you from Yelp or something? I think they're not a scam, so they don't have to worry about being reported to the SEC. I know that they also do the KYC for the buying process. I think this is an interesting project with strong team & advisors. Just read about it through a post from Steemit (https://steemit.com/ethereum/@kingscrown/lets-check-how-already-accomplished-kyber-network-is-doing-and-upcoming-munchee-ico). Let's see how it goes
This is the most ridiculous idea that I ever heard of. This ICO look completely like a scam, and this is also an insulting to any hard-working restaurant owner like me.
First, Yelp don't manipulate review. There is no way for restaurant owner to ask Yelp to remove bad reviews. The only way is to reply to the customer's bad review, explain to them and hope they remove it. That's it. I also got offer from Yelp to try their advertising program and the way they advertise is to show your page in better result when people search for it. They also display your page when people look at other page which is not your direct competitor. They do everything to advertise your page so people can click to go your page but they NEVER MANIPULATE ANY REVIEWS. We really want to bribe Yelp to remove bad review because some customer is just stupid and asshole but we can't. Your assumptions clearly show that you guy don't know anything and don't even do your homework.
Second, how's the hell a decentralized platform can help to make review to be more true? People post review in Yelp and don't get any reward so their review is sincere. They review not by any motivation. They post positive review because they love us. It's not easy to get positive review in Yelp so it might take years to build the good review and reputation. Now, with your shitty product, there will be a lot of customers post review just to earn reward and the restaurant with bigger pocket can just bribe all of them to give fake reviews and build reputation in just one day. Have you ever imagined of that use case? Fake review come from the people, not from the platform or anything. We actually need a centralized platform to help validate review and remove the fake one, not decentralized. Stop using the word "decentralized" for everything until you guys fully understand the problem.
Third, no restaurant will accept that stupid MUN token ever. You guy don't know any shit about how the restaurant work. If we don't want to be charged any fee by the credit card transaction, we can ask for cash only just like all the Chinese restaurant are doing. Cash is the best because it can help to evade tax (now you understand why a lot of restaurant is cash only), no fee charged, and more important, it can be used to pay for expense quickly. All food supplier will accept cash but I doubt 0.1% of them will accept that MUN token. In restaurant business, the cash keep flowing so what we make today will be used to buy supply, pay for employee, pay bill and all other expense even within that day. Meanwhile, if I use MUN token, I have to convert them to Ethereum, send it to Coinbase and wait for several days to withdraw it. No restaurant business can suffer that slow liquidity. Moreover, credit card charge fee is not that much. If you spend some time research and shop around, you can get a good deal of just 2% charge with even POS support (Square is 2.75% and their support is terrible). Meanwhile, with the rollercoaster market of cryptocurrency, I'm pretty sure the total fee to convert everything to cash gonna also to the moon as well.
Last thing, I check the app activity and it seems dead. The app does not have any more download. You guy are just raising fund for a dead product. Seem obviously a scam to me. I'll report to SEC to watch you guys out.
First, Yelp don't manipulate review. There is no way for restaurant owner to ask Yelp to remove bad reviews. The only way is to reply to the customer's bad review, explain to them and hope they remove it. That's it. I also got offer from Yelp to try their advertising program and the way they advertise is to show your page in better result when people search for it. They also display your page when people look at other page which is not your direct competitor. They do everything to advertise your page so people can click to go your page but they NEVER MANIPULATE ANY REVIEWS. We really want to bribe Yelp to remove bad review because some customer is just stupid and asshole but we can't. Your assumptions clearly show that you guy don't know anything and don't even do your homework.
Second, how's the hell a decentralized platform can help to make review to be more true? People post review in Yelp and don't get any reward so their review is sincere. They review not by any motivation. They post positive review because they love us. It's not easy to get positive review in Yelp so it might take years to build the good review and reputation. Now, with your shitty product, there will be a lot of customers post review just to earn reward and the restaurant with bigger pocket can just bribe all of them to give fake reviews and build reputation in just one day. Have you ever imagined of that use case? Fake review come from the people, not from the platform or anything. We actually need a centralized platform to help validate review and remove the fake one, not decentralized. Stop using the word "decentralized" for everything until you guys fully understand the problem.
Third, no restaurant will accept that stupid MUN token ever. You guy don't know any shit about how the restaurant work. If we don't want to be charged any fee by the credit card transaction, we can ask for cash only just like all the Chinese restaurant are doing. Cash is the best because it can help to evade tax (now you understand why a lot of restaurant is cash only), no fee charged, and more important, it can be used to pay for expense quickly. All food supplier will accept cash but I doubt 0.1% of them will accept that MUN token. In restaurant business, the cash keep flowing so what we make today will be used to buy supply, pay for employee, pay bill and all other expense even within that day. Meanwhile, if I use MUN token, I have to convert them to Ethereum, send it to Coinbase and wait for several days to withdraw it. No restaurant business can suffer that slow liquidity. Moreover, credit card charge fee is not that much. If you spend some time research and shop around, you can get a good deal of just 2% charge with even POS support (Square is 2.75% and their support is terrible). Meanwhile, with the rollercoaster market of cryptocurrency, I'm pretty sure the total fee to convert everything to cash gonna also to the moon as well.
Last thing, I check the app activity and it seems dead. The app does not have any more download. You guy are just raising fund for a dead product. Seem obviously a scam to me. I'll report to SEC to watch you guys out.
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