[ANN] Banx - Liquidity Paid Back In From Profits

[MarkLyford]

It's amazing how almost 1000 banx shares can be bought per day per the trade history on banx.io yet the order book shows almost no movement.... I should see shares in front of mine tick away each day but it never happens.. Screams market manipulation...

Maybe it will never let your sell order get in front of the ones they are selling off.

FYI we have no shares on the sell orders for sale. sales orders are other peoples orders hence the reason private investors sales go through as they do

[MarkLyford]

Fraud is a big word. Who exactly is getting defrauded? the trades you see are from private sales. If banx is turning over a fake volume does this effect you as a share holder? Those extra fees are being reflected in your dividend payouts still. The exchange is trying to keep a steady volume turnover to keep the exchange in the public eye. now lets be honest here is there a crypto exchange that hasnt played the volume up a bit to gain custom? i doubt it.
And its working as the exchange is naturally growing now and so are my dividends.

Ohh so as long as you are getting paid right now it's alright for them to be dishonest? If they want to log private sales they should log them separately, not intermingled with the exchange to produce fake exchange volume. Good to see you don't have much integrity as well, so others have done it in the past, and you are getting paid, must be alright then?

No one is forcing you to invest in Banx. If it isn't for you and you can't see the opportunity and are happy with other pump and dump coins then stick to those. If you want to invest in a real company with real people turning a real profit then jump on board while the price is still low...

In reality the only people wanting to sell heir shares are people that need a quick cash injection because they over stretched themselves when investing or they had unexpected bills. Everyone else is happy with the way things are going and the profit payouts...

All the private sales of shares are done through the exchange because that is where shares need to be held in order to receive profit payouts each month. Not everyone that is investing wants to go through the process of getting a local wallet and then having to transfer them to the exchange each month so it is easier for them to receive their shares on the exchange. Simple as that!

If you don't like it then don't invest, no one is forcing you to. For you to come here and start trolling isn't helping anyone though!

Trolling? I don't think so, I am asking serious questions.. As requested by you two days ago I replied to your PM with details but never received anything back, so yes I took to the thread given that was my only outlet.

I submitted a partial sell only AFTER I noticed your trade history on the site was bogus, so I could watch what happened.. If you need to use the exchange then mark the trades as private that are in fact private so you don't mislead current and potential investors as to the nature of the volume on the exchange..

Instead of trying to be better than all of the others you seem to be content to do the same, and instead of acknowledging that it is confusing, all I get back is a bullshit reason, which could be dealt with simply by marking those off exchange trades as what they are, off exchange trades.

In short I couldn't get out if I wanted to so I am here and will be here for a while, I read all of your materials before initially jumping in and was quite supportive, even excited at the opportunity however issues like the one with how you use the trade history on the exchange are misleading to the community at large.

I'm not sure how you got involved in banx shares, but if you do not wish to be a holder any more feel free to let me know and we will address the issue.

[ByronP]

As the developer of the exchange I can tell you there is no way to jump spots or manipulate the books. I am also the only one with access to the systems backend data so if anyone including Mark or Simon or anyone else makes an order it gets put in the book in the same ordering as everyone else. However... yes there is a however... because BANX is actually a private IPO the price is pegged and there are sales that go on all the time all day every day as as more people invest. There is a lot of deals and projects going on that bring in investors and they may or may not be taken from the order book. This is not manipulation its business. There is actually a lot of sales that go on that are not on the order book. So when the sales go past the huge sales of IPO then your orders will get eaten this is because the IPO sales were placed before yours not because the system has any preference what so ever. In fact the system doesn't know or care what the market or user is all orders are treated the same and this is impossible to change. Why... because i designed it that way.

So don''t bash what you don't understand and you are free to trade in the exact same manner as Mark or anyone else hence there is an HTTP and a Websockets api to keep you trading faster than manual entries or use Coinigy which is what I think Mark is using for his trading (not just on Banx.io). This is how trading is done!!!

EDIT: I guess those aren't Marks orders so you have to beat out someone...

[padrino]

As the developer of the exchange I can tell you there is no way to jump spots or manipulate the books. I am also the only one with access to the systems backend data so if anyone including Mark or Simon or anyone else makes an order it gets put in the book in the same ordering as everyone else. However... yes there is a however... because BANX is actually a private IPO the price is pegged and there are sales that go on all the time all day every day as as more people invest. There is a lot of deals and projects going on that bring in investors and they may or may not be taken from the order book. This is not manipulation its business. There is actually a lot of sales that go on that are not on the order book. So when the sales go past the huge sales of IPO then your orders will get eaten this is because the IPO sales were placed before yours not because the system has any preference what so ever. In fact the system doesn't know or care what the market or user is all orders are treated the same and this is impossible to change. Why... because i designed it that way.

So don''t bash what you don't understand and you are free to trade in the exact same manner as Mark or anyone else hence there is an HTTP and a Websockets api to keep you trading faster than manual entries or use Coinigy which is what I think Mark is using for his trading (not just on Banx.io). This is how trading is done!!!

EDIT: I guess those aren't Marks orders so you have to beat out someone...

I understand what you are doing, and that is what I am bashing (using your word).. You are logging off book orders in the public trade history of the exchange without any indication they are not reflected in the order book...

My only point is some level of honesty with respect to the source of the trades, I gather from your response you have no interest in providing that level of transparency to your investors...

EDIT: This has degraded into defensive finger pointing on both sides, I am all about what you are trying to do and would like to do, I am however not the first person asking this and have heard from a couple of share holders that are also frustrated, but they don't want to speak up because payouts are still coming..

Payouts were also coming right up until the end for some of the largest BTC frauds to date, I don't think that is the case here but why let confusion like this continue when it is simple to address, and provides an opportunity to improve the transparency for all share holders..

[ByronP]

No, I have no interest in disclosing the names of who makes a trade because that's just stupid, an invasion of privacy, and I don't know since its none of my business so I don't have any real means of seeing that. What I do know is that if someone wants to trade be it Mark, myself, or anyone you are free to do so just like everyone else and if you want to post what trades are yours go nutzz but to me that's like saying you want to know who is pushing the price of BTC up or down. If you are an investor and want to buy BANX from the book you can do that and if you buy from Mark I think he sends them off of the book (intrasite) since there is no real way of doing it on the book.

Edit: because on the book you have no way of ensuring who the seller is!

[bizzyb]

Banx is in it's infancy and as such I think a reasonable amount of flexibility should be afforded to them as they develop their systems and grow their portfolio and customer base.

In an ideal world the ICO would be complete and all branches of the Banx portfolio of businesses would be up and running and generating profit.

Personally, I think every one of us who have invested so far are the very early adopters.  We have seen something here that has sparked an interest in us, and we remain optimistic for the future.  We should also then accept that we are looking at a far from polished final product, which is why we invested in the first place.

Does it feel like the many over hyped "opportunities" that have not delivered?  Not at all.
I do not see a flurry of unrealistic promises, or delivery dates not met, or 3 letter agency enquiries hovering.

I have no major issues with the exchange.  Carry on, do not invest in fixing something for the minority, please instead carry on investing in the growth for the overall benefit of everyone.

If anyone has over invested, the burden is on you.

Our energies would be better focused on highlighting this opportunity to others, rather than focusing on a tiny aspect of a much bigger picture.

ps thanks for the dividend

[padrino]

No, I have no interest in disclosing the names of who makes a trade because that's just stupid, an invasion of privacy, and I don't know since its none of my business so I don't have any real means of seeing that. What I do know is that if someone wants to trade be it Mark, myself, or anyone you are free to do so just like everyone else and if you want to post what trades are yours go nutzz but to me that's like saying you want to know who is pushing the price of BTC up or down. If you are an investor and want to buy BANX from the book you can do that and if you buy from Mark I think he sends them off of the book (intrasite) since there is no real way of doing it on the book.

Edit: because on the book you have no way of ensuring who the seller is!

That isn't what I am saying and I agree it is bad form to post specific names tied to trades so let me try one more time..

Current trade history:

Code:

Id      Type	Price     	Quantity        Cost            Date
79562	Buy	0.00610000	31.00000000	0.18910000	May 1, 2015 9:03 AM
79557	Buy	0.00610000	55.00000000	0.33550000	May 1, 2015 8:10 AM
79556	Buy	0.00610000	37.00000000	0.22570000	May 1, 2015 7:53 AM

The point is to indicate the source of the trade since currently it is very confusing since you publish and order book and trade history but they have no correlation...

Suggested trade history:

Code:

Id      Type	   Source           Price	Quantity        Cost           Date
79562	Buy	   Private          0.00610000	31.00000000	0.18910000	May 1, 2015 9:03 AM
79557	Buy	   Private          0.00610000	55.00000000	0.33550000	May 1, 2015 8:10 AM
79556	Buy	   Exchange         0.00610000	37.00000000	0.22570000	May 1, 2015 7:53 AM

Our energies would be better focused on highlighting this opportunity to others, rather than focusing on a tiny aspect of a much bigger picture.

Agreed but the first person I pointed to the exchange asked this very question, further motivating me to ask..

[MarkLyford]

I deliberately don't come here very often and let Simon deal with this thread but I aware of some old faces and new ones expressing an interest in what we are doing. So in the manner I am best doing (I have never been a writer really) I shot a video just for everyone on here

Mark Lyford - Banx Capital - To All the BCT folks... >> https://youtu.be/uK4QM709CR0

I hope this clears things up and clarifies my position on things.

As ever we are here to help people who are interested and want to be helped.

To those people who just love to create negativity and hassle you know what you can do...

All the best

Mark

PS. before anyone says , 'well thats not very professional Mark'. maybe its not to some people, but you know what it is.... its real. and I'm all about being real.

A large group of people here are only interested in trolling and causing problems and are used to the here and gone one minute operations. I'm not that. I've been around for years and will continue to be.

Cheers all, have a good weekend

[th3joker]

Thanks for the payout ;-)

[mellorbo]

recieved this months payout as i have every month

[timmyd]

It doesnt get anymore real that this folks. Check out marks video


https://youtu.be/uK4QM709CR0

[padrino]

It doesnt get anymore real that this folks. Check out marks video


https://youtu.be/uK4QM709CR0

Great video, I respect Mark's attitude....

I hope my post above with an example makes sense to Bryon and crew, I think it echos the very sentiment Mark has about being real...

[zercrypt]

did not get the payout yet...

[timmyd]

did not get the payout yet...

Contact simon the manager on the email below


Simon@banxcapital.com

[stereotype]

@Mark
Can you please just clarify what you mean regarding this line about the trades we see on Banx.io? I think ive transcribed it correctly. Just doesnt make sense, grammatically or in the real world. Cheers

"You wont see shares of ours on those order books, but you will see trades that go through, that we sell, who havnt got bitcoin, that buy bitcoin, that buy shares, for other currencies, go through on that exchange"

https://www.youtube.com/watch?v=uK4QM709CR0&feature=youtu.be

[jstew]

@Mark
Can you please just clarify what you mean regarding this line about the trades we see on Banx.io? I think ive transcribed it correctly. Just doesnt make sense, grammatically or in the real world. Cheers

"You wont see shares of ours on those order books, but you will see trades that go through, that we sell, who havnt got bitcoin, that buy bitcoin, that buy shares, for other currencies, go through on that exchange"

https://www.youtube.com/watch?v=uK4QM709CR0&feature=youtu.be

what he was saying is that none of the banx owned shares i.e the ones they are selling for ico/ipo whatever its actually called , are listed on the order books of the exchange.
the orders u see on the exchange that go threw but dont come off the order book , are those ico/ipo shares

i would like to see something like padrinos suggestion incorporated to it if at all possible

[bizzyb]

@Mark
Can you please just clarify what you mean regarding this line about the trades we see on Banx.io? I think ive transcribed it correctly. Just doesnt make sense, grammatically or in the real world. Cheers

"You wont see shares of ours on those order books, but you will see trades that go through, that we sell, who havnt got bitcoin, that buy bitcoin, that buy shares, for other currencies, go through on that exchange"

https://www.youtube.com/watch?v=uK4QM709CR0&feature=youtu.be

I think I've transcribed this correctly
"If you don't like what we do, then don't get involved".

[coinmaster222]

Keep on truckin Mark I have really high hopes for this venture, buying shares nearly everyday.In this world of scam altcoins at least your legit in your business dealings

[rakesh1_90]

Got the dividends this month on time  . Nice answer Mark, to all those trollers!! Keep it up.

[Apraksin]

Shares for dividends two months in a row, am I the only one getting shares for divs?