If you had invested in Watermine, an alleged ‘crypto mining’ platform, you must have heard the news that the website is shutting down soon. Is this a hog-wash rumor or is there a tiny bit of truth in it? Find out from this review.
With online scams springing up every day, we have taken the responsibility of reviewing investments, brokers, EAs, etc. in order to save you from making wrong financial decisions.
This watermine.io review reveals everything you need to know about the investment. and why it is likely fraudulent.
How Does Watermine.io Work?
The founder(s) of this platform claims they’re into crypto mining. They’ve even gone an extra mile to prove this by providing hash rates on the website but this is just another format of ponzi schemes.
Though their platform looks like the real deal. We are sorry to disappoint you. There is more to what your eyes see. Infact, they are just feeding you well scripted lies.
It is simply a HYIP- High yield investment platform. In case you don’t know what HYIP’s are, they are simply ponzi schemes fashioned to look like investment platforms. They offer unsustainable returns which no right thinking investment platform would do.
Initial investors only get paid when new people sign up and invest. In order to keep platforms like this running, the high returns are used as a bait to pull you in.
Those that benefit most times are the first investors. This is because as soon as the amount of new investor drops, the owners do away with the money invested. HYIP’s are unsustanable, infact no right thinking person would advise you invest in a high yield investment platform. This is because the chances of you losing is 20 over 80.
Why Watermine.io Is Not Worth Your Money
If you’re still considering doubling your money with this platform, below are reasons why you should not do so.
After a thorough background search on who the owner/owners of this platform is, we came up with absolutely nothing. This alone is an indication that the people behind this platform don’t have genuine intentions. If they do, they wouldn’t be hiding their details from whois.
Because this platform is a HYIP, you can’t predict what their next move would be. They might decide to shut down their platform today, leaving your money trapped. That being said, your money is always at risk with HYIP’s like this.
There are No Watch Dogs Watching Over This Platform
Though some of these platforms might provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. In the real sense, they are not regulated. No Financial Body approves their services.
No Social Media Presence
Though this investment platform claims it has been in existence since 2015, they don’t provide links to their social media pages. There is absolutely nothing to make us believe they have such a history.
Even when we checked Facebook, we found absolutely nothing about this investment platform. Likewise on google. If they are really what they claim to be, a lot of investors would have been writing stuffs about them online.
Is Your Funds Safe With Watermine?
The answer to the question is capital NO. Without a valid license and sustainable ROI, there is a high possibility that this HYIP would stop operating one day, leaving you dry and empty.
Also, recently Affiliates were told to stop promoting. This means that Watermine is exiting the online scene soon. That is one of the first steps ponzi schemes take when they prepare to abscond with investors money.
Moreover, before now there have been complaints of the website being hacked and investors not been paid. Again, this is no new news! It always happens before a platform like this one crashes.
There are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We’ve taken out time to research on legitimate platforms for you.
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