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So another 3 weeks of revenue share missed yet again. Do Bankera's team not understand how this looks when you can't even be bothered to pay your investors on time? Not that the share's worth having even with 6 million tokens.
Considering this and everything else do you really see yourselves as a professional company?
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Morning guys!
So WR arrived and doubled. Very curious to see what the loans will do with the WR.
I would not expect WR to rise due to loans...but due to catds that will be the game changer...loans will take longtime to change WR but loans will give us stability in terms of the WR we will not see many "up and downs" in the WR I'm not sure why anyone would trust Bankera with cards again... I certainly wouldn't. Haven't they launched them 3 times in the past and had them pulled by the provider 3 times? Ridiculous |
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Bankera token was added to IDCM exchange. https://coinmarketcap.com/currencies/bankera/#markets But that did not help. Token is going down and the volume is only 33 000 USD. Nothing is helping, nor loans launch, nor Iban and cards announcement. Starting some advertising campaign might be a good idea. I've always been bewildered why so many people in the crypto world believe that merely adding a token to an exchange creates value. It does not. What it does do is create a tiny bit of hype. What creates value is products and customers and hence revenue. Bankera appear to now have several products but this is pointless if you don't bother marketing to attract any customers. God only knows what's going on at the top in this inept company. Literally by far the worst 'investment' I ever made. If this had been a regulated investment I'd have petitioned for the directors to be removed long ago. Bankera is a textbook example of what happens when a company has absolutely no accountability to its investors. Unless this company wakes up and makes changes at the top, they will always be lagging far behind the competition. Hence I can never see them being a big player. |
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Okay.... and what exactly is the point of adding new crypto-currencies when literally NOBODY is using the exchange? ETH/USDT today has a spread of 190-233 which is laughable! Who exactly's going to sell at 190 or buy at 233 when you can buy/sell at virtually ANY other exchange at around 211? I just cannot understand why absolutely nothing has been done in 8 months to promote or build a user base for the exchange after you spent over 18 months developing it? There's plenty you could have done to kick start it, for example by adding your own liquidity following the prices of other exchanges. But no, nothing. It's like you're just expecting it to somehow take off on its own without doing anything. Mind boggling. If this was any normal company then the directors would have been removed by the shareholders a long time ago. Hi Miroslave, While we all agree that much more could have been done for the exchange (If you are in the Official Chat Chat.Bankera.com you would already know high much fights we with the Bankera about this exchange), but as per last conversations we had there, the idea is that they will be building it very slowly as they do not pretend it to be a competitor for Binance or Kucoin or even Latoken exchange, but their only goal is to use it for liquidity in the future as I understood (Correct me if I am wrong), so I personally think it will keep being a very basic exchange for a time to come, and honestly we have to agree that right now the fees from exchanges are not interesting for so much effort (The Market being Bearish in Altcoin strongly almost none will trade hardly and often, many exchange just closed because of that), I think they prefered to dedicate resources to build the loans platform and get back the Cards which both can get what we all call for, a rise of the WR. They have already also done a not negligeable work in the wallet as per the last shared picture of the wallet, so I guess they have dedicated their ressources to the Wallet rather than the exchange. I know we can desagree a lot about the exchange and how things went with but at this stage I think they will not change their mind about their priorities. So hopefully we will see Cards coming back (As per their last update in official chat, these cards are being printed both for Bankera and Spectrocoin) I think exchange will be updated every time "they have time and resources for it" these are my opinions...  Sorry but this makes no sense. You don't spend hundreds of thousands of Euros (possibly millions) and considerable resources developing a product only to give up on it as soon as it's launched. I run my own software business and I consider this an absolute disgrace and an insult to people who've invested. I bet they've barely scraped a revenue of 1000 Euros in fees since the exchange was launched. Laughable. Sorry to be blunt but if I were a director in charge of this then I'd fully expect to be sacked. I guess when a business has a huge level of funding and no accountability to investors then they can just sit back and relax. As I said there's plenty they could do to kick start the exchange for example by adding their own liquidity that follows prices on competing exchanges. Few day's development and done. The user base will start growing without them lifting a finger again. God only knows why they haven't done this. And the fact that the circulation supply of BNK STILL hasn't been fixed on CMC is now so far beyond a joke now that I'm struggling to come up with words to describe the situation. 18 months of substantial free advertising lost for the project for what should be a 5 minute change. Quite unbelievable. I'm not holding my breath that the direction of this inept company will change. For this they need a big wake-up call and some changes at the top. |
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Okay.... and what exactly is the point of adding new crypto-currencies when literally NOBODY is using the exchange? ETH/USDT today has a spread of 190-233 which is laughable! Who exactly's going to sell at 190 or buy at 233 when you can buy/sell at virtually ANY other exchange at around 211? I just cannot understand why absolutely nothing has been done in 8 months to promote or build a user base for the exchange after you spent over 18 months developing it? There's plenty you could have done to kick start it, for example by adding your own liquidity following the prices of other exchanges. But no, nothing. It's like you're just expecting it to somehow take off on its own without doing anything. Mind boggling. If this was any normal company then the directors would have been removed by the shareholders a long time ago. |
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^^ Yes
All you need to do is withdraw your tokens to a standard Ethereum wallet address that you own the private key for. (eg MyEtherWallet). If you transfer them to an exchange (hitbtc) there's no way to claim the reward there as you don't own the private key to your deposit address.
From a standard ETH wallet you can call claimRewardTillRound() to claim your weekly revenue share in ETH (claimReward() doesn't seem to work, as I've mentioned above). Be aware that this incurs tx fees so you'll only want to call it once you've built up a reasonable share of the weekly revenue.
Be careful that you fully understand what you're doing! If you're not sure then I'd say leave your tokens in Spectrocoin for now as they're safe and you get the WR share automatically and without fees.
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^^
It's not a promotion they're running, this is to claim Bankera's weekly revenue share that's paid to token holders via the smart contract.
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@Bankera team
There seems to be an issue calling claimReward() in the Ethereum smart contract:
Contract 0xc80c5e40220172b36adee2c951f26f2a577810c5
Warning! Error encountered during contract execution [Bad instruction]
I've tried it several times over the past few weeks and get the same error each time.
Calling claimRewardTillRound() with the most recent round number seems to work fine.
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It's getting frustrating this still isn't fixed. I know Bankera have provided CMC with all the needed info to retrieve this dynamically, but can they not at least 'hard code' it for the time being? It's now especially important as Bankera is now number 97 of all cryptos in terms of market cap (at current price) and would be on the first page. You're missing out on loads of free advertising for the project. |
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Price falls cheaper ICO,it bad for early investors due to big fall Ethereum
wait a few months. I am sure the price of ubex has increased because this project is very good in my opinion Hi there! I know everybody waiting for pump but it won't occur till Ubex launch their MVP for the all of the companies which Ubex has the partnership with. The only one thing could contribute to Pump right now - an announcement about listing on BinanceThank you, Best wishes! I've never understood why people think that simply listing a token on an exchange creates value. Having a good product that generates cash creates value! At this moment if Ubex paid Binance the $millions required to list it then that'd be absolute 100% confirmation that this project is a scam. |
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^^ Just as a follow up. Here is the exact wording from their website during the ICO (use wayback machine if you want to verify):
"Every quarter, we will use 20% of our proceeds from transaction commissions to buy back UBEX Tokens and destroy them, until 50% of all UBEX Tokens are taken out of circulation. This approach creates a scarcity in the token supply."
Here is the current post-ICO wording:
"Ubex has the possibility (but not the obligation) to buy back UBEX Tokens and burn them. UBEX Tokens would be taken out of circulation, this would create a scarcity in the token supply."
I think Ubex have some explaining to do. Livid.
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Finally received my tokens but now I'm even more pissed off at something else they've quietly changed on their website which is another broken promise of the ICO:
"Ubex has the possibility (but not the obligation) to buy back UBEX Tokens and burn them"
The ICO clearly stated that UBEX *WOULD* use 20% of all profits to buy back and burn tokens until there were only 2bn left in circulation. Now they've backtracked on this as well.
Just posting this as a warning for anyone else thinking of investing. Don't is my strong opinion.
They think they can just treat their investors like dirt now they have their money. Disgraceful.
ETA: I'm requesting the FIAT value I paid for my tokens back from UBEX. You can't change such a fundamental promise like the above. I suggest everyone else does the same.
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Very annoyed to be honest. 7 week delay in the ICO finishing and then a promise that tokens would be distributed 2 hours after ICO completing. Still nothing 30 hours after requesting tokens.
From the smart contract it looks like they're currently only distributing for people who have small holdings (50k and less)
Really wish I'd never bothered with this project. They're treating their investors with complete contempt.
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I still don't understand why the token sale was extended. I really hope the team at least liquidated their holding of ETH at the end of August considering the reason for extending it in the first place was the fall in price. Now it's 40% further down from when the token sale was supposed to end!
So if they didn't liquidate the ETH at the end of august they're now at least 20% further down on USD than they would have been if they just ended the token sale as planned! And that's if they sell all the extra tokens!
I hope they're not relying on the price of ETH going up any time soon. I wouldn't be surprised to see double digits in the next few weeks.
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The problem with Bankera is that people in the crypto world are used to quick, sky-high returns. Unfortunately this 'golden age' of cryptos is now over with the sheer number of projects and dilution of liquidity. People need to be patient as Bankera was always going to be a long-term investment. To create an international bank takes an unbelievable amount of work.
I certainly don't consider it to be a scam as some people are screaming on here. Even though there's no regulation for ICOs, this wouldn't prevent the directors of Spectrocoin/Bankera being indicted for fraud if this was the case.
Yes it's disappointing that the price has fallen so far but I didn't invest to double my money in 6 months. I invested to get potentially 50-100x my money in 5 years. Out of all the many, many ICOs, I would say Bankera is one of the few that has the potential to do this.
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What's up with this dump? Is it that people are leaving now that there is still no product?
Going to 0, dumb people will be dumped. And yes I invested in ico scam. I don't want to be all doom and gloom but my trusted forecasts for BNK are looking very bad (0.00017usd by end of year)! The longer it goes without progress, products, exchange, real news or meaningful updates people will lose faith and dump there tokens. I'm afraid Bankera will continue to fall faster and faster unless team do something really soon. Take what I say with a grain of salt as I don't hold a crystal ball but to watch a forecast go from 0.05 to 0.00017 in a couple of weeks sends alarm bells ringing! While I agree that communication and progress from Bankera is very poor considering how much money they raised (enough to hire a team of 30 senior developers for a year for a mere 1% of ICO funds), the token price cannot fall much further (thankfully). The current price gives an annual return of around 3% which now gives it significant buoyancy. This is unless the weekly revenue starts to fall. |
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The greatest question here is who are those selling in bitforex when we knew it isn't the investors as the tokens are usually distributed after the sale ends.
I don't know why and what the team is up to and those trading now is actually having a good profit. From its ico price of 0.00001 eth to its current price in the market 0.00004. How quick is that? Though it can help somehow its liquidity but something is up here.
It is very good to know because of the price most of the ICO are losing their value after listing them in the exchanges. But anyhow UBEX is increased its price compared to ICO price and as things keep progressing the price will decrease. So it is good to convert them into Bitcoin and start investing again after decreasing the price. There may be a plausible and innocent explanation actually. There are several countries including the USA that aren't allowed to take part in the ICO so the only way these people can currently obtain tokens is via the exchanges. Due to the current low supply (I'm guessing the liquidity's been provided by Ubex) this would explain the price discrepancy. It's still very foolish to buy at this price however as once the ICO ends and the tokens are distributed the price on the exchanges will fall to at least the ICO price (and probably further if all the tokens aren't sold). That's pretty much guaranteed. |
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^^ Unfortunately I smell foul play here
I think Ubex are deliberately trading their own tokens between themselves at those prices to make it 'look like' a good investment. No tokens have been distributed yet so they're the only ones with access to them!
Once the tokens are distributed the price will immediately fall to at least the ICO price and probably much further. There's not a cat in hells chance you'll be able to buy at the ICO price and then sell at the current price quoted on the exchanges once the tokens are distributed.
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My concerns only get deeper. Why are there 4 different instances of the UBEX token on the ETH blockchain all with a total supply of 4bn? All have some distributed holders https://etherscan.io/token/0x6704b673c70de9bf74c8fba4b4bd748f0e2190e1https://etherscan.io/token/0xdfca93ab244fbcab952581881534737cf7c4a129https://etherscan.io/token/0xa9868c4a302883f557f8fd616a4b9cc1a0aa6c59https://etherscan.io/token/0xcc757889b8992c0ae378e2e025197ff44e0e406cI go back to why the extension of the ICO mathematically doesn't make sense. Ubex are trying to raise an extra 4800 ETH. In doing this they've given away an extra 10% compensation bonus on what has already been invested by the community. Equivalent to 2400 ETH. So if they sell all the additional tokens (4800 ETH), the absolute maximum they can be better off by is 10% (2400 ETH) plus any increase in the price of ETH. If they only sell half the additional tokens during the extension and the price of ETH remains the same then they are in exactly the same position they are now (but down 20% of tokens as the unsold 10% would be burned). If they sell all the additional tokens and the price of ETH drops a further 10% (only $28!) then they are in exactly the same position they are now (but down 10% of tokens). They could have ended the ICO as scheduled and sold an additional 10% of tokens on the exchanges themselves. This would have raised the same extra amount, would have kept investors happy and they would have 10% more tokens left in the reserve overall. So I'm sorry mathematically this just doesn't make sense. Please someone correct me if I'm wrong. |
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