Official News 15.10.2017 Restart for Mavros acquired using cryptocurrencies

Discussion in 'MMM Turkey - English' started by MMM Global Support Team, Oct 16, 2017.

  1. MMM Global Support Team

    MMM Global Support Team Administrator

    Messages:
    790
    Dear participants,

    Unfortunately, we have to announce a restart for Mavros acquired using cryptocurrencies (it relates only to crypto-Mavros, bank-Mavros are exempted from the restart; they continue working in a standard way!).

    The reason is an unprecedented growth of the bitcoin price (by 25% over the last week!).

    Everyone, of course, rushed to cash out their bitcoin-Mavros (to create Get Help requests), trying to withdraw maximum amounts for fear of an unavoidable drop in the price.

    At the same time, almost all members stopped providing help expecting that very drop when they could buy bitcoins (to provide help) cheaper.

    As a result, everything crashed instantly. So, we have to announce the restart and start everything from scratch. (Although, literally a week ago things were going wonderful! In fact, this is a force majeure measure).

    So, there is a restart for crypto-Mavros.

    All old crypto-Mavros (acquired before this announcement is posted) are frozen. We will gradually buy them back as the System develops.

    All transactions with new Mavros (acquired after this announcement is posted) will be carried out on the usual terms with no restrictions.

    Some amendments have been made to the rules:

    Crypto-Mavros will now start growing at the moment the request is confirmed (not at the moment it is created, as it was previously).
    Consequently, bonuses for crypto-Mavros will start growing at the moment the main contribution is confirmed (the contribution bonuses have been charged on).

    We're confident that this measure (paragraphs 1 and 2) will significantly reduce the load on the System while also significantly improving its stability.

    As a matter of fact, everyone already knows what a restart is — it's not the end of the world, it's just a restart of the System and nothing more — so there's no need to explain it further. Continue to provide help and you'll earn it all back (even if you've lost something now).

    We would also like to remind you (just for form's sake) that everyone had been fully aware of all the risks and had read the WARNING which they had also confirmed by checking the relevant box in the process of registration.

    Hoping for your understanding,
    MMM Administration
     

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