As the Bankera exchange has dismal volume and the volume on the Spectrocoin "exchange" (its not really an exchange because you're buying and selling from and to Spectrocoin) is unreported, its impossible to verify their income from trading fees on a weekly basis. We do know that Bankera releases a blog entry almost every week detailing their income. Last week
they said they generated a 18,641.92 EUR "net transactional revenue," a figure which has been falling since the introduction of their weekly disbursements in
Sept 2017.
In 2 years they have so far paid back about 1/100th of the total amount of funds they raised since the ICO, which means that in order for the average investor to break even, at this rate they will have to remain operational for another 198 years!
Here's where I think the scam lies, though I have no proof of it other than the lack of transparency in Spectrocoin's trading volumes: I strongly believe Bankera is just slowly repaying BNK holders money they collected during the ICO. How much money could it have possibly cost to set up their operations and provide liquidity for them, at most? Not 110 million euros, that's for sure. Maybe 10 million, max.
So what happened to all the extra money? Where could it have possibly gone? Doesn't that concern any of the BNK holders?
All they have really accomplished is changing $111.5 million+ in hard, raised funds into a $17 million market cap. (CMC mkt cap is wrong). They are, as a liberal estimation, making $300k a year. So that's still 56 and a half YEARS of revenue to be made before their profits equal their market cap.
Basically, even though this token has fallen 92% since ICO, its still incredibly overvalued.
Someone is messaging me and asking to buy my profile. I guess that's bankera scammers trying to buy my account and start posting some bullshit from it
Can you post a screenshot of the PM here, just for fun?
