Hey guys, it wasn't my intention to create any controversy. I did some very easy mathematical calculation, because I just wanted to point out that we are talking about a not sustainable growth rate.
You can call this a Ponzi scheme or pyramid scheme, the problem is the fact that it is impossible for the cycle to sustain itself, so people will lose their money somewhere down the line. Most vulnerable people are those toward the bottom of the pyramid, where it becomes impossible to recruit the number of people required to pay off the previous.
You can invest in it, just be aware and tell others, that with such high risk investment you can loose everything very soon...
The main mistake people make when commenting on this project is the fact that it's a "lending scheme". Which it is definetly not. They have chosen to use the word "lending" on their project explanation, but in fact you are investing in a highly advanced affiliate program network. Now I could not care less about what people think of this project, but I do want people to know what it's really about.
You invest a x number in $ in the affiliate program. Their program runs advertisements (paid by the pool of investments made from people that decided to invest in their campaigns feature), on which people click, buy a product and MNZ get's a commission, as they provided this "lead" to a company's website on which they made the purchase. So for example let's say someone sees Monetize's advertisement for Nike Shoes when browsing the internet, they click on it and decide to buy a pair of sneakers worth $100. Nike pays Monetizecoin a commission of let's say 10%, so in this case 10$. This 10$ is then shared with the investors in the campaign feature of monetizecoin (80-90%), and Monetizecoin (10-20%).
Monetizecoin doesn't have a lot of additional costs, the algorithm works and has proven itself over years now (MNZ was already earning millions before they decided to do an ICO), so they do not pay people out of their own pockets. The entire "scheme" claim isn't right. When Monetize attracts more investors, their total campaign funding pool increases as well as their revenue, but investors profit share will remain steady (up to 40% per month).
So far the daily returns have been between 0.8% & 3.30%, which is amazing but also shows they don't overpromise like the Lending schemes do/did before they blew up.
Once again, I don't care what you think, I just want to share this information with people that are interested in these kind of platforms and want to take the risk, ofcourse it remains a risk, just like everything else in crypto.
Token price was 2.50$ 4 days ago, 3.50$ now and they have yet to launch on external exchanges, launch their marketing campaigns and launch a dozen of extra features. Team has been delivering everything COMPLETE and right on schedule. Which is pretty satisfying to see, as 90% of projects fail to do so.
