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    Author Topic: [ANN] 🔥Republia: Leading-Edge Ecosystem and Technology  (Read 45308 times)
    thunderjet
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    December 17, 2018, 07:32:34 PM
     #1961

    Unfortunately,there is direct connection between Minex and Republia and it is impossible to negate.You can negate only if you dont want to see it.Minex and Republia do not share only same people, but almost same financial program with minor, irrelevant differencies.Only different part is whitelist technical plan.


    I do not make judgements easily,but there is a few things which can make every investor very,very cautious:

    - Both Republia founders, Daniel Shulayev and Vladimir Gyrych and advisor Boris Shulayev worked/work in Minex. 16.Dec.2016,while in pre-ICO, Minex gave statement to different crypto news portals,signed by PR manager,Daniel Shulayev(certainly approved by Boris) how Minex made a contract with one of the leading european banks to buy share in Minex by buying 1,092 millions of MNX for 1705.44 BTCs.

    Now,we know it was a lie.Big one.Banks do not pay in BTCs and in that time Minex didnt exist as a company.It was founded 9 months later in 22.Aug.2017,so it was impossible to buy share in non-existing company.Reason for that lie was Minex obligation to refund investors if pre-ICO was unsuccessfull.This way they avoided it.

    Question is how to believe to these people now,when they proved themselves as willing to do anything just not to return money to investors? It is valid question and in bussiness trust is extremely important.They didnt do minor but major violation of investors rights.


    - why Republia took Boris Shulayev as an advisor? After disastruosly leading of Minex ,taking him as an advisor is sending very bad impression to potential investors and make any attempt to negate relations to Minex futile


    - Republia whitelist is much more serious and difficult to achieve than Minex list.Costly too.Minex didnt succeed to realize much simplier list.By their own admission,Republia will need several years to achieve goals if everything goes well.For that time Republia will use ICO collected money and selling premined coins.

    For investors it means that Republia would not be able to keep promise about maintain exchange rate in tight range due to lack of funds for it.Not without massive external financing.On the contrary, using premined coins for financing will make situation even worse.As time passes, initial funds will be depleted and Republia will need to sell more and more coins to finance developping.It will make greater and greater pressure on market and price and one by one,investors would dump theirs coins with a loss.Then,Republia will need to sell even more coins to finance it and here we come in vicious cycle of hyperinflation generated by parking 70% rate and premined coins selling,like Minex did.

    Now,a month before ICO sale ,despite promises to change financial plan,Republia did nothing.Every investor before initial sale would like to see these changes of financial plan and not to rely on ICO leadership promises.Promises that something will be done after sale, no investor will buy as a truth.


    All above problems made me very,very sceptical about project.When someone make ICO based on a disastruos financial construction (proved in earlier ICO),with a lot of same people involved in it, I cant qualify that any more as incompetence but as an intetion.

    This is why this project has so high probabilty to turn scam.Not because people fudding it,but because serious problems and flaws described in text above.



    Is it possible that people will disassociate Minexsystem/Minexcoin/Minexpay from Republia if Minex actually get cards out there in public hands?

    We still wait to see if there will ever be Minexpay cards but regardless people have made the connection between Republia and Minexsystem/Minexpay/Minexcoin that has nothing but negative connotations attached to it.

    Both are associated as being either scams or carrying major red flags and people just are not confident investing in these two projects. I am willing to recognise the slight progress made by Minexsystem/Minexcoin with regards to Minexpay cards but we still wait to see cards issued to customers. As for Republia, no chance. They do not deserve the benefit of any doubt.


    Unfortunately,they are playing again with theirs customers. They didnt make contract for issuing brand payment cards,but still ,they are pushing as valid these ordinary bank cards as theirs,despite VISA/Mastercard do not allow to use third party cards for your own cusotmers. VISA/Mastercard has 0 tolerance after Wavecrest about it and they will cancel these cards and freeze accounts.

    Plus how Minex opens bank accounts remotely for non-ukrainian users,when ukrainian laws demand residence permission in Ukraine, ukrainian phone number for non-residents and personal presence when signing contract with bank. I didnt hear that Minex require from its customers to fly in Ukraine and be present ,so opening bank account cant be realized legally,but only through falsification of residence permission,contact number and customer signature.

    It seems that you will prove right when you are talking that police will interfere in it on the end.

     
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