🚀 With the #ION Mainnet launch on the horizon and an increasing number of projects embracing our #TapToEarn technology, we're excited to announce plans to expand $ICE listings on new markets. Given current market conditions and upcoming launches, we believe now is the perfect time.
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Let me tell you one of the greatest corporate scams running in Nigeria right now and it has not gotten the outrage it deserves.
Why should your data expire?
It is not that the internet ran out of space or because the bandwidth disappeared or because anything technical happened to the gigabytes sitting in your account.
But because MTN, Airtel, and Glo wrote an expiry date on something that has no natural reason to expire.
Think about it this way. You buy a bag of rice. You do not finish it in one week. Does the rice disappear? You buy a generator. You do not use it every day. Does the fuel in the tank evaporate on a schedule? You buy land. You do not build on it immediately. Does the land expire?
Data is a product you purchased. It is sitting in a server allocated to your number. The infrastructure cost of holding that data for an extra 30 days is effectively zero. There is no physical depletion happening. The expiry date exists for one reason only. To force you to buy again before you are ready.
That kind of service model is a designed extraction system. They sell you a product, attach an artificial scarcity clock to it, and collect the unused balance as silent profit when the timer runs out. Multiply that by 150 million subscribers and you start to understand the size of the robbery.
MTN’s Nigerian revenue last year ran into hundreds of billions of naira. A meaningful portion of that is money Nigerians paid for data they never used because the clock ran out.
And the NCC, the regulator sitting in Abuja collecting salary to protect consumers, has done precisely nothing about it.