SCAM OR NOT?!?!?
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Greetings all,
I know I know, not another lending program... "It's 100% a scam" " It can't be real". Those are just some of the thoughts when it comes down to these HYIPs, due to Bitconnect, Davor, and much more leaving that strong, bitter taste not only in our mouths, but pockets too.
I am writing about Monetize Coin, MNZ, because I am a true believer in this company and platform along with the 80,000 members already registered. When I say company, I mean the members working within and alongside too, the "whole community", this includes the investors also. The support system for Monetize Coin astounds me still, every time I enter that Telegram chat room ( https://t.me/monetizecoin_community ). The admins of the telegram relentlessly work in parallel with the development team to create a community with active investors. The admins answer all questions promptly, deal with any discrepancies of investors platform, and are open to suggestions. For instance, with the stigma behind the word "lending program" the community and team decided that word needs to be changed to "campaign system". Check out the group for yourself, there are at minimum 3k messages a day.
There are two ways to produce revenue from your investment: Campaigning and Staking (Whitepapers)
Daily payouts outs in USD.
Bi-weekly payments in MNZ after 10 day maturing phase.
No hold on your capital.
Reasons why I believe in this?
The business is backed by a real company, a real business, with million dollars in revenue.
The team: developers and the admins of the telegram group silencing all the FUDers and haters through action.
The investors: go to the telegram chat and you'll see how they devise plans on how to maximize their investments between the two types in correlation with no sell order less than $100 a MNZ coin. Great and active community.
The buy back program: since everyone knows the Law of Supply and Demand, the company is going to use their generated revenue to buy back the tokens at the end of each month --> decreasing supply, increasing demand, and increase in prices-->MOON
No letdowns so far: There are no comparisons of how smoothly the site works and how the ICO went, granted the oh so "click the buy button exactly at 00:00 on that countdown" phase, but what did you expect with that many people wanting this precious coin.
***Staking is in progress (last day of maturing :D)
***Internal Exchange going live on Feb 28
Last update from them:
Dear Investor
Our internal Exchange is going to launch tomorrow the 28th of February at 5 PM GMT/UTC.
We delayed the launch of our exchange, (our internal deadline was the 24th Feb) due to the issues we have seen other platforms face, we have spent the last week doing extra bug testing with our community beta testers and our developers.
We now feel we have a solid exchange in place and can launch it.
Not only does our internal exchange work with both Bitcoin and Ethereum, our matching engine can match buy and sell orders cross currency, a Buy order in Bitcoin can match against a Sell order in Ethereum, we do this internally at market rates with no extra fees to the user.
Not only does this offer twice the liquidity pool for the exchange, it also allows you to keep both currencies on the platform without having to exchange them externally for a fee.
Our internal exchange uses a Maker-Taker fee model, limit orders are charged a fee of 0.25% and Market orders are charged a fee of 0.35%
Campaigns
On the 8th of February, we sent you an email with the subject "Lending and the future of our business" stating that we will no longer use the words "lending program" but instead we will use the word "Campaigns", this is an update on our Campaign system.
The campaign system will then take the MNZ utility tokens and use them to buy and sell web traffic. You will build a campaign by allocating MNZ tokens to our Monetization Engine; our system will then use the value of those tokens to generate you a profit which will then be returned to you as USD.
This system will work in exactly the same way as lending works but we will use different terms and words.
Our campaign system will launch around 48 hours after the internal exchange launches, we did want to release this earlier but due to the extra testing we have performed on our exchange we had to push this back a little, I do hope you can understand why this was necessary, bugs with exchanges can destroy a platform.
Unlike other platforms, we will not be doing any special campaign rates, after observing other platforms and how they have failed, it is clear that attempting to artificially manipulate the price of the coin does not work.
Our plan is to build a long-term sustainable business with steady and reliable growth, for that reason, our token price will always be pegged to the exchange at a true one-to-one rate.
To incentivize our users to use the campaign system we are running a special offer, from our marketing budget.
For every token you use in the campaign program we will enter you into a raffle for a chance to be one of ten people who receive an immediate $10,000 paid directly in BTC or Ethereum available for instant withdrawal.
We feel this method is much more sustainable as we can predict and budget our expenditure.
What happens next? Our plans for the future.
Some of the features and plans we have for the short-term future are as follows.
Marketing
Once the internal exchange and campaign system are running smoothly we will ramp up our marketing again using Facebook ads, the Google display and search network, Youtube video ads and display media buying.
Our target market is not the typical ICO crypto investor, but the average joe who wishes to invest in cryptocurrency, think more along the lines of the average USI-Tech investor.
Mobile App
We will be releasing a mobile app, this will allow you to build campaigns and trade on the exchange in a much more user-friendly way.
Instant campaign buys
The average user has no interest in using an internal exchange, they want to deposit bitcoin and push a button to build an income generating campaign, to accommodate this we will be launching an instant buy and build system, allowing you to deposit crypto and launch a campaign in one click, this will work the same way as instant buys on Cex.io or Coinbase works.
You can do your own due diligence through the white papers and chat room to decide if this coin will fail or moon.
Monetize Coin Login
Feel free to ask me any questions about this, I either know or I will find out for you.