I have heard about a lot of people investing in Monetize ICO, so I decided to research it myself an D see if I wanted to invest too. When I researched a found a lot of things that made my alarm signals go crazy.
Here's a quote from their webpage and whitepaper:
"Get in early on the Monetize Coin Token Sale with only 500,000 MNZ Tokens available at the discounted pre-ICO price of $0.35 and a realistic target value of $10 by February, this is the easiest way to 30x your investment."
The pre-ICO sale has a minimum purchase of 100 and limited to 300 MNZ tokens per user per day (smart way to stop people from investing too much, and in return, loosing too much, causing less of an outrage)
The Monetize platform uses the Monetize Bot to generate a monthly return for investors.
Monetize Bot $1000-$5000 - upto 40% monthly - Capital Return 179 Days +0.10% Daily Bonus
This affiliate program structure:
https://i.imgur.com/AHRV8U2.pngAnd the grand finale:
Another alarm signal is that it's not possible to find any information about the team anywhere. Here's what Monetize says about it:
"We would love to show you the business behind Monetize Coin, we are very proud of our technology and what we have achieved, while we believe it is a legitimate and fascinating way for a company to raise money from investors the world over, the legality of the ICO funding model is still untested. The Monetize Team feel that cryptocurrencies should remain anonymous and free from the regulation of any one central government." To conclude:
- No information about the team
- Promise 30 x profits (too good to be true, and even not legal?)
Be careful about investing in ICO's with promises of big profits and with no team published. This is two of the biggest alarm signals you can find when researching ICO's. So please be careful!