[ANN] Banx - Liquidity Paid Back In From Profits

[coinomat.com]

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Vote for Banx to be added at Coinomat.com https://coinomat.com/coinvoting.php
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Coinomat.com pioneered instant crypto to crypto exchange in 2013 and now also offers various crypto to fiat solutions to provide additional liquidity for supported cryptocurrencies. Coinomat was the first project to offer this and it will always remain our top priority.

Normally, to withdraw to a bank account you need someone to send you the funds from their local bank, so it can be a problem if there aren't many local exchanges happening. Traditionally, transfer costs are a hassle, can cost up to 3% of the amount and take 2-3 business days.

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*This is a great way to provide your coin with liquidity, especially for users who live in the countries with less crypto exposure.

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[1714922047]

1714922047

[1714922047]

1714922047

[1714922047]

1714922047

[bizzyb]

Hi Banx team, I get a "withdrawals disabled" when trying to send Banx shares to another user on the Banx exchange.
Please advise
Thanks

[proctologic]

Hi Banx team, I get a "withdrawals disabled" when trying to send Banx shares to another user on the Banx exchange.
Please advise
Thanks

send internal using @Username

[timmyd]

mays payout recieved thanks banx team

[MarkLyford]

May Payouts were made yesterday folks

[zercrypt]

jup, received. This time without emailing simon and i got a notification email. this is developing fine 

[MarkLyford]

jup, received. This time without emailing simon and i got a notification email. this is developing fine 

glad you are happy

[coinmaster222]

Hey guys no payment yet maybe its because its my first one. "MueProject" no email either

[timmyd]

Simon@banxcapital.com

Hey guys no payment yet maybe its because its my first one. "MueProject" no email either

If your not already sorted pal contact simon dodd the business manager on the email below.
Simon@banxcapital.com

[bizzyb]

Dividend received, thanks

[padrino]

Haven't logged in for about a week, logged in today to check where my sell order is... It seems my sell order, which had been on the books for a few weeks was cancelled since I see no record of it any longer...

Frustrating to have an order on the books for weeks just to login and see nothing there...

[coinmaster222]

Simon@banxcapital.com

Hey guys no payment yet maybe its because its my first one. "MueProject" no email either

If your not already sorted pal contact simon dodd the business manager on the email below.
Simon@banxcapital.com

I did no reply think they really have no support whatsoever

[bizzyb]

Haven't logged in for about a week, logged in today to check where my sell order is... It seems my sell order, which had been on the books for a few weeks was cancelled since I see no record of it any longer...

Frustrating to have an order on the books for weeks just to login and see nothing there...

This is still officially in "ICO phase", even though they are paying out profit share (which is nice )
They have pegged the share price to a dollar value, however, the purchase price is actually in BTC.
As we all know, the USD>BTC price are uncomfortable bed fellows and have not been stable for very long.....ever......
I guess to avoid devaluing the shares, and more importantly to continue towards their target ICO funding (which is in USD ,not BTC), they have to from time to time, tweak the price of the Banx shares.  This has been a consistent hike in the BTC price each time, as I say, to keep to their pegged USD valuation per share.
As they increase the minimum price per Banx share, I guess it makes sense that their system will wipe out any sell orders that are below the new minimum.
Whilst annoying, I don't see any way around it, and really, it doesn't happen very often.
You could do some pre-emptive sell orders assuming the BTC price will continue to slump, but really, just check once a week, only takes a minute...or of course, sit on them and enjoy the dividend if you are able.

[zercrypt]

I would like to sell 2000 Shares of mine. Am i right that the whole volume is from private investors that are not buying from the market? So how can i sell shares?

[bigmanintown]

I would like to sell 2000 Shares of mine. Am i right that the whole volume is from private investors that are not buying from the market? So how can i sell shares?

Hi Zercrypt,

You can list your shares on Banx.io They will get sold but until we are out of the ICO phase the sale will be a little bit slow.

Hope that helps

Simon

[zercrypt]

@Simon, thanks for the clarification.

Is someone interested in buying shares from me? Please PM me.

[padrino]

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.

One of the users on the forums reminded me of this post, I had forgot until I was discussing selling my shares..

Connected with Mark via Skype, definitely a pleasant guy to talk to but sounds like the offer to buy back shares is drying up since we didn't go anywhere with it, happy to take a discount buy back but I couldn't even get an offer out of him.... I suspect because it is insanely low, so what are the shares really worth since it's nothing anywhere in the realm of the ICO price, which is used to force the valuation abnormally high..

Since I am a share holder and I guess I'll be around its time to understand things in more detail..

I'm having my attorney take a look this week since I explained to him how things look as a share holder, Banx.io's ability for the public to buy at a forced floor, yet private offerings at significantly discounted prices published on the public site. Didn't take long before he couldn't figure out if a plc or Ltd was at play here since it's almost a mix of both... I keep him on retainer because there is always something to do, this is the latest, will see what comes...

[MarkLyford]

Padrino, as you are fully aware you did a deal with an existing holder of Banx direct to get your Banx shares, nothing to do with me or Banx Capital.

Therefore your comments are unfounded.

I have publicly stated we are offering private investors discounts for large purchases of shares which they lock in for at least 12 months. We are concentrating on selling the remaining of the Banx shares to enable us to grow our business and develop our plans. Its a simple thing.

The offer of purchasing shares from a few people last year was a one off offer.

Again you own no share of any company you own a crypto based asset which pays profits monthly.

Maybe you should take up any issues you have with the person you purchase your banx shares from two months ago ?

As you know you per paid profits in BTC last month which make your investment a worthwhile thing. You are free to list your shares on banx.io for sale.

And one last clarification. We are only selling Banx shares to private investors, all shares for sale on the exchange are for sale buy people wanting to sell them. not us.

[coinmaster222]

I have no real problem with Banx in fact i take my divi in shares and have a substantial holding that for me is a long term investment.The only thing I can say bad about it, though it does not affect me, is the ICO should have a certain time to it not an open ended thing like it is.

[MarkLyford]

Banx Update - Banx Capital Joins the BitShares Exchange Network >>
http://banxcapital.com/banx-update-banx-capital-joins-the-bitshares-exchange-network/