Another crypto-currency company came to life in order to attract potential investors around the world. The well-known formula for easy money is tempting. Who does not want to make money in such a way. You invest and let a team of experts do all the hard work for you. Then you simply withdraw earnings to your account and you never have to work again.
But, but, but…the reality is far from it.
Over 90% of the modern HYIPs disappear after a few short months leaving people with a financial loss. That happens because we do not deal with real trading companies. The owners of such fraudulent programs use a beautifully designed website and manage to convince people to spend money. But not all websites are legit.
This program looks like a bad copy of other low-quality HYIPs but let’s dive deep before we make our final decision.
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The homepage welcome potential investors with the main headline…
A hassle-free & risk-free investment plan with guaranteed profits. Whether you are a seasoned investor or just starting out Coin Port UK LTD will help you invest with confidence.
- In investing, what is comfortable is rarely profitable. Know what you own, and know why you own it.
- Offering generous profits on your hard earned money
- Because wealth is success % we’ll make you successful
- Running days 5
- Total clients 772
- Happy clients 567
- Total deposits 58+ BTC
- Total withdrawals 15+ BTC
The company established in August 2016. They invested in Bitcoin mining equipment. That risk proved later a wise choice. Bitcoin was growing, so the profits of this company. Then they used all the obtained profit plus investments from people interested in the company to purchase even more powerful equipment.
Now they own 2 floors of terminal servers, which mine crypto-coins 24/7. A smoothly running system allows changing and upgrading the equipment without disrupting the process of bitcoin mining,
They are seeking investors to develop their project
Nice story. The thing is that is very similar to other stories, and that is a very bad sign. Let’s move on!
Does not contain any additional information on the activities of the company, It’s just an attempt to show how easy is to make money online.
- Emerald: 0.30% hourly ROI for lifetime, 7.2% daily rate, deposits 0.006 – 0.1 BTC
- Sapphire: 0.45% hourly ROI for lifetime, 10.8% daily rate, deposits 0.11 – 1 BTC
- Ruby: 0.60% hourly ROI for lifetime, 14.4% daily rate, deposits 1.1 – 5 BTC
- Diamond: 0.75% hourly ROI for lifetime, 18% daily rate, deposits 5.1 – 500 BTC
8% commissions on referrals purchases
The Facebook link redirects to a non-available page. The Twitter, Instagram, You-Tube and LinkedIn icons redirect to the homepages of the social media platforms. Therefore, the company does not even have any social media presence.
FAQ – Terms – Important
- Only bitcoins are accepted
- You can deposit as many times as you want
- Only 1 account is allowed
- The funds are managed by a team of investment experts
Registration – Legal Docs
Companies house number 10322398, incorporated on 10 August 2016. 88 Kingsway, London, United Kingdom, WC2B 6AA. The name Ahmed Abouelenien appears as the officer. + (44) 20 37695315.
Owners – Domain
With the help of the whois database, I uncover the registration date for the domain coinport.io, 09 June 2017. No one appears as the registrant. The domain data are incomplete.
And this is where another HYIP website has nothing more to present.
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Are you interested in investing?…Do you believe that Coin Port LTD is a huge Bitcoin mining company that came to help people make money?…or are they looking to steal funds from investors?….Let’s analyze the facts.
Apart from the registration document, there is nothing to trust in CoinPort.io.
The domain was purchased anonymously, On the official website, there is no indication of who owns the company. They don’t have any social media presence and even the email address says “admin”. The promised 24/7 online support does not exist. There is no live chat application installed.
The name Ahmed Abouelenien that is shown on the companies house listings does not help me identify the owner of the company. Additionally the search terms “Ahmed Abouelenien investor” and “Ahmed Abouelenien bitcoin” return no relevant results.
Probably the name does not have anything to do with Coin Port, or maybe it’s fake.
Moving forward, they say that they started back in August 2016 when they purchased mining equipment. Then some people supposedly were interested in the company and invested. Then they combined profits and new funds to upgrade the equipment.
Where are the images of the equipment?…Where are the images of the facilities?…Where are the office images?…Where is the owner’s face?…Where are those investment experts that manage the funds?…Nothing. A website full of emptiness. Where are the reports on those earlier investors?…What about the results of the transactions?…Nothing, but here is the deal.
Any legitimate company that used funds of investors and managed to generate huge profits would have showcased the results. Coin Port has nothing to show.
If someone writes a paragraph and says he is mining bitcoins, do you believe them?…Can they prove it?….In that case, CoinPort fails to justify any operation. No trading or mining activities can be verified.
Before I invest though, I have to be 100% sure that I deal with real people. I want to know who is the owner, and I want to be confident that the trading team consists of experts and professionals. Here, we are left in the dark. No, I am not investing in hope. I believe only in numbers and facts.
Now let’s discuss about the most important factor, the investment plans
Trading is a very risky model in general. The latest years we have watched all bank interests take a huge drop worldwide. No investment is safe, no one can guarantee any earnings. Even the greatest investing programs can not offer more than 10% ROI yearly.
CoinPort uses a magic wand to spell 7.2% up to 18% daily ROIs. How can they generate such huge profits will remain a mystery for many centuries to come. The Diamond plan takes it one step ahead. It is promising 0.75% profit in an hour. Yes, in an hour.
Now let me ask you. If you had a system that could beat the trading markets amid economic chaos and the financial global crisis would you share your knowledge with others?…Why the CoinPort admins want to share their extreme profits with random people online?…Does it make any sense?
Let’s recap…We have an unknown organization incorporated in August 2016. Since then and until 10 days ago no activity of the company has been traced online. Some investors were interested and CoinPort used their funds to upgrade the equipment. The equipment and the trading activities are not verifiable. The promised ROIs are out of this planet, no social activity either, just a website empty of content.
Sorry, I do not invest just like that
All of the above details leave me no choice but to label the financial opportunity as another Ponzi program. What happens with those programs?…They use affiliates and their deposits as the only source of income. This way they are able to deliver ROIs to earlier investors with money deposited from newly recruited members. When you invest this money is being used to pay people that invested before you. And it is illegal, leaving no space for growth. Recruitment can not last for long, and when no new members are being recruited, no new money will be rolling in, no ROIs will be generated.
The vast majority of participants is mathematically doomed to self-extinction. They lose money. Who is making?…The admins and maybe a couple of friends that invested on day 1 or 2. Soon the revenue sharing pools will be empty of cash.
This is a perfect example of programs created on the go.
- Revenue sharing & HYIPs
- Rev shares & HYIP monitoring
- Modern Ponzi/Pyramid Business World
- Beginner’s Ultra Guide to Making Money Online
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That’s it, another review has finished, here on Web Market Support. I am waiting for your comments and thoughts. Till next time.