The Minexcoin team try to get cards from start and there are only problems with it. They are obvious scammers and lied from the very beginning.
They sold Minexcoin as a project which has a special algorithm, which will make the price of MNX to go to 70K $, taking into comparison 10 best coins on the market and magically adjust the price to grow on steady 5% per month until 70K $ is reached.
I was very skeptic with this algorithm and asked my friend mathematician who is teaching on Universiteit to take a look at this. He responded that this is nothing new and this will never work. Of course, I shared this news in Minexcoin thread and Telegram group but they banned me instantly. In the thread here on Bitcointalk, my post was very fast hidden between spammy answers and I got few PM's from supporters in which they were treating me to stop spread the FUD.
I found plenty of additional proves that the Minexcoin campaign was full of lies and posted a detailed video review about the algorithm, Minexcoin team, etc., but this was the beginning and the price spiked, so nobody wants to listen. They had so many blind to facts supporters that I had no chance to convince them.
After some time Minexcoin team admitted that the algorithm doesn't work at all. Additionally, they changed everything from the roadmap and never fulfilled any promise from ICO. Even Minexbank which was the only product they provided, finally changed the parking rates so drastically that there is no sense to keep MNX there especially in the bear market when the price is constantly falling.
You cannot sell an ICO to investors and after some time, say that the campaign was fake and all the reasons why people invested in MNX are just fake. Of course, they sold to investors a made up story on why is this happened but the truth is: everything was fake from start.
Only this is enough to prove that they are total scammers.
Not just that Minexcoin algorithm didnt work,it has never existed,except in Whitepaper as a concept.For anyone with some experience it was crystal clear from the beginning that any algorithm with a task to control price wont work if it is not supported with substantial amount of money. Boris admitted in one of his interviews to Cryptorich that he didnt use single dollar to support price in case of rapid declining which he promised in Whitepaper as one of primary tasks of Minexbank.
So,Minebank has never intervened on market to support exchange rate of MNX,plus Boris sold premined MNX coins worth 100s of BTCs on exchanges and one part via Instabuy,destroying MNX market to oblivion.Instead to finance promised things from Whitelist he used money to finance making of video game.Other part of money went into his pockets.
At the end,Minexcoin ICO was a scam from the start.Boris used it as a suitable financial vehicle to grab money needed for making video game which he saw as a launch pad for his future wealth.
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