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HomeBlogOthersMonorix Latest Withdrawal Update - Here's What You should Do

Monorix Latest Withdrawal Update - Here's What You should Do

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  1. Uncertainty Surrounding Mon Token Distribution
  2. Reassurances and Concerns on Mon Token Distribution
  3. Mixed Messages and Potential Scam Indicators
  4. Concerns About Gas Fees and Mining Boosts on Mon Platform
  5. FAQ

Uncertainty Surrounding Mon Token Distribution

Hey, what's up, guys? Welcome back to my channel, Zone. I'm glad to join us in today's article. So, guys, it's almost even over 7 hours past the time that the of the Mon token was supposed to commence. As you guys know, yesterday Mon announced on their Twitter that this is it, the mining area is coming to an end in the next 24 hours with no extension. Make the most of your last opportunity. Thank you for your incredible support. So, they did not say anything about commencement of the distribution. As we all know, they put up a timer right here on their homepage showing that token distribution time will start in this amount of time, and the time have counted down and have completed counting. And currently, there is nothing like distribution going on right in the Mon stone. Not even a single person has reported getting any distribution.

Reassurances and Concerns on Mon Token Distribution

Normally, guys, you can see right here, over the wallet area, you could see that there is a wallet connected right here and also the Mon stone is supposed to appear right here once it is distributed to your address. For those of you guys that participated in the phase one, you guys know that you were able to receive your distribution right to this place after you guys paid a gas fee of one tcoin. But currently, there is not even a place for paying gas fee or there's no token distributed so far to this place. You can see right here, it's still blank although my wallet is connected. Many persons are reporting that their wallet have been disconnected so far, but I think that one is just a normal technical glitch which can be connected without much a problem. But currently, there is no token distribution going on.

Mixed Messages and Potential Scam Indicators

But then let's not forget the announcement made right on their Telegram about few days ago. They said, 'The main community, we're excited to announce that token distribution will start on the 5th of August, possibly with a slight delay of few days.' So that should be the stress area with a slight delay of few days. In the meantime, let's aim to grow a community to 4 million subscribers by this date. Let's finish the last phase of Mon together. Keep inviting, stay active, and let's make the most of this Mon stone. So after the first post, they came back just a few minutes and said, 'No delays, exactly on 5th August. Let's do this.' So it's possible that this is what they meant in the first place, that there will be some delays right in the first days. So I think the second post was just to make you guys feel normal that nothing is going to go wrong, that everything will go just fine. But I think that their first post was actually the main post who stated that that might possible slight delays of the few days like within the few days. So I think it's too early to mark them as scam, but then there are a lot of things they've done so far that are making them look scammy or making them look like a possible scam.

Concerns About Gas Fees and Mining Boosts on Mon Platform

The first one like I said is the imposition of gas fee pain of up to One Tone. Like I said, it's very, very outrageous. Paying One Tone as a gas fee is too outrageous to be a gas fee. So I really think that for those of you who have paid the gas fee, the thing is that you guys have already paid it. But for those of you who are yet to pay, I will really advise you guys that once, if possible, let open up the withdrawal channels. And the talk is completed. I will simply ask you guys to wait. I'm going to try out the withdrawal first with my own gas fee, and if it works out, I'll let you guys know, and you guys proceed to go ahead and withdraw. But if it does not work out, then I'll also let you guys know so you guys don't fall victim of paying one Tong gas fee to these guys without getting anything in return. Because if everybody pays one gas fee, imagine up to 1m% pays up to one gas fee to them, that means they have, have 1 million Tone coin from this project, and possibly nobody will get anything from them. So you guys, let me try it out any time they start and let you guys know whether that's going to work or not. Secondly, I was also talking about the boosting part yesterday. I was telling you guys that you guys should not, in fact, yes, wasn't the first time I talked about it. In the first time I made a video about the Monor R, I told you guys that it's not good and it's not wise to go ahead or go on boosting your miners when you don't even know what the project is up to. It's true that they already list on B. But the thing is that boosting your miners with this amount ...

FAQ

Q: What is the uncertainty surrounding Mon token distribution?
A: The uncertainty surrounding Mon token distribution is related to the delay in the commencement of the distribution despite the countdown timer on their homepage reaching zero. There have been reports of no distribution happening at all.
Q: Are there any reassurances or concerns regarding Mon token distribution?
A: Reassurances include the expectation of the Mon stone appearing in the wallet area and the distribution process after paying a gas fee. Concerns revolve around the absence of any distribution happening and wallets getting disconnected.
Q: What mixed messages and potential scam indicators are being observed with Mon token distribution?
A: Mixed messages include an initial announcement of distribution starting on August 5 with possible delays, followed by a contradictory statement of no delays. The concern arises from actions that may raise suspicions of a potential scam.
Q: What concerns are raised about gas fees and mining boosts on the Mon platform?
A: Concerns include the high gas fee of One Tone for distribution, which is seen as excessively high. Additionally, caution is advised regarding boosting miners without a clear understanding of the project to avoid potential losses.

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