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.
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