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You're Reading:CoinTower.biz – Another Giant Bitcoin Building Will Collapse

CoinTower.biz – Another Giant Bitcoin Building Will Collapse

by Tasos

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Sep 6, 2017

Tasos Perte

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I came across another modern HYIP, launched just a few days ago. The industry has been flooded by similar programs that are promising the Heaven on Earth for all members. The formula leading to ultimate success is quite simple. Invest, sit back and let the experts do the hard work for you, enjoy the rewards.  And you might wonder, is everyone making money so easily?…are all these investing companies in reality giants that want to save the world?…is it possible to become a millionaire in a few weeks?

Let me give you a quick overview, those programs do not last long. The majority of them are illegal, and most of the participants are losing money. The only ones in profit are the shady admins that make money at the expense of their members.

This program looks exactly the same, but let’s dive deep before we make our final decision…

 

 

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Inside CoinTower

 

 

The modern homepage welcomes visitors with one main headline…Multiply your Money with Coin Tower. A cryptocurrency mining company established in 2017. They offer a wide array of services specifically designed to assist Bitcoin holders in making good investment decisions.

 

 

cointower-biz

 

 

About Page

They say…this investment platform is a product of careful preparation and fruitful work of experts in the field of Bitcoin mining, high profitable trading in cryptocurrencies, and online marketing. Modern methods and a personal approach to each client, unique investment models.

A reliable source of stable income. Minimum risks.

 

Statistics shown

  • Total accounts 87,000+
  • Total deposits 268735+ BTC
  • Total withdrawals 42,000+ BTC
  • Days Online 9

 

 

Features

  • DDoS protection
  • SSL encryption
  • Instant payments
  • Dedicated server

 

Investment Plans

 

  • Plan A: 10% daily ROI forever, deposits 0.001 – 10 BTC
  • Plan B: 12% daily ROI forever, deposits 10.001 – 50 BTC
  • Plan C: 15% daily ROI forever, deposits 50.001 – 300 BTC

Cashout threshold: 0.0005 BTC

 

Affiliate Program – 2 levels deep

1st level 5%, 2nd level 1% commissions on referrals purchases. You don’t need to invest in order to be eligible for referral commissions.

 

FAQ – Terms – Important

  • What exactly is CoinTower and which are the activities of the company?…A prominent representative of the international computer technologies market, Bitcoin encryption algorithms, and mining. A developer of hardware offering safe investments in this area.
  • Can I lose money?…no, this is not possible as the company makes every effort to ensure the safety of your assets.
  • You can deposit as many times as you want
  • You can open multiple accounts

 

Social Media

The Facebook page seems abandoned or under no control. There are spammy messages that contain affiliate links of other business opportunities. No admin is presented.

The Twitter account is fake. With only 4 tweets and by following only 27 members, they have a huge following of over 68,000 users.

 

Registration – Legal Docs

Companies house number 10783622, PO Box 4385, Cardiff, CF14 8LH, incorporated on 22 May 2017. The name Darell Evans appears as the officer. +448267238559.

 

Owners – Domain

With the help of the whois database, I uncover the registration date for the domain cointower.biz, 08 May 2017. The owners as usually are hiding from the public using privacy protection.

 

And this is where another HYIP website has nothing more to present.

 

 

 

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Final Thoughts

 

 

Are you interested in investing?…do you think that CoinTower is a program that can guarantee such huge earnings at no risks?…Read on, for a full breakdown

 

Apart from the registration documents, there is nothing to trust in that company. The domain was purchased anonymously, and the name that appears as the officer in the companies house, Darell Evans, can’t be associated with this company, or any other company online.

On the About and FAQ pages they say that the company is involved in Bitcoin mining, they offer a wide array of services, they assist Bitcoin holders in making wise decisions, they are experts, they trade always with profit in the crypto markets, they approach each client personally, they create Bitcoin algorithms, they develop hardware, and finally offering safe investment packages.

 

OK, let’s pretend that we believe everything they write in those 2-3 paragraphs. But is that enough to make you deposit your hard earned Bitcoins?….Is this how experts are placing themselves in the market?

The official website is empty of content. They did not even publish any photos. Where is the expensive mining equipment?…Where are the experts’ team, and how are they trading so successfully in the financial markets?…Who is the owner?…Why this man, Darell, is not showing his real face?…Would you invest in a company that does not show the owner’s face?…Are they hiding anything?…

And no, Coin Tower is not providing any investing advice. They simply created an online platform where someone registers and then deposits money hoping to receive 15% daily ROIs. No advice is being given to anyone. No client is being approached personally. No Bitcoin algorithms are being created. No hardware is being developed.

Moreover, the statistics shown are fake. In just 9 days they managed to recruit over 87,000 members. And those members invested already more than 268,000 BTC. We talk about $1,288,000,000 at this time. 1 Billion dollars invested in Coin Tower.

The social accounts seem abandoned, and the Twitter following is fake followers, purchased in shady markets.

 

Beyond all that, let’s discuss about the most imprtant aspect of this program, the investment plans

 

Here is the situation. During the last decades, we are under a global economic chaos. Banks can not offer high interests that now belong to the past. We may be used to enjoy 18% or even 25% ROIs in our investments, but now you are lucky if you don’t lose money, or if you make 1%-2% profit with any investment. Any program that is promising more than 10% yearly is extremely dangerous and should be ignored. And one more thing. No one can guarantee any earnings from trading activities. There is high risk involved.

How can Coin Tower offer 10% up to 15% daily ROI at no risks will remain a mystery.

This is of course not possible, and if Coin Tower had the power to generate that huge profits, they would not share that knowledge with random people online. Does it make any sense to you?…Why do that?…Are they going to save the world?

 

 

Now let me tell how CoinTower.biz is actually making money. When someone registers and deposits, this money is being used to pay off ROIs to people that invested earlier. This is the definition of a Ponzi scheme. Newly invested funds compensate earlier investors. An illegal form of business, and the main reason why this company will disappear after a few months.

Because Coin Tower is solely dependent on affiliated purchases. There is no other source of income. When recruitment slows down, it is when the anonymous admins will shut down the website, leaving the mast majority of participants to taste a bitter loss.

Only the owners and maybe a couple of friends might escape with profits.

 

A program that you better pass

 

Related

 

 

Looking for Ways to Start an Online Business? Here’s a List of the Best Solutions

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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.

 

 

 

 

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