Looking for a Chain Group Review? You’re in the right place. Today we are looking at Chain Group and we are going to share our full review. If you’re wondering whether it’s a scam or a legit company keep reading as we will reveal everything. Also we are not an affiliates for Chain Group Review so you can expect and honest review and not just another sales pitch like other reviews do!
Chain Group Review
Chain Group, found online at Chain.group, is a cryptocurrency investment scheme that clites to aid you earn money daily. Read further to find out if it’s a scam or a legitimate opportunity.
Understanding Chain Group
Chain Group is a cryptocurrency investment scheme that promises to help anyone in spite of their experience.
The company allows you to open an account, select a “Trade Group” to invest in, make a deposit to the Trade Group, then start earning money every day.
Though it is not clear how they are an escrow company, the company refers to itself as Chain Group Escrow Service.
Chain Group has just 1 investment opportunity in any case. That investment plan cites to pay a guaranteed daily interest rate of 0.2% that works out to nearly triple digit gains yearly.
Obviously, when someone advertises guaranteed 100%+ investment returns online, it’s a big red flag particularly when you are dealing with cryptocurrencies. Let us take a closer look into how Chain Group earns money to see if it’s a legitimate opportunity or not.
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How Does Chain Group Make Money?
Chain Group cites to pay you 0.2% daily, guaranteed, over a 500 day period. The company has just 1 investment plan to buy into. The plan has a minimum deposit amount of $10, and a maximum deposit of $1 million. Compounding interest is available.
How does Chain Group offer such a high ROI? How can Chain Group guarantee such high ROI? The company cites to make use of investments to invest in the following services:
- “Improvement of the technical complex of the service”
- “Creating professional multimedia materials”
- Advertising the platform on AdWords and other platforms
- Advertising the service offline
- Conducting market research to further the advertising campaign
Eventually, Chain Group doesn’t maintain to invest in any type of funds, currencies, or investment opportunities. Instead, the company looks like they are putting money towards advertising.
That tells us that Chain Group doesn’t plan to create money via investments at all. Instead, the company is solely focused on creating income through new membership fees. By enlisting new members to the platform, the existing members can create money.
When a company doesn’t sell any type of product or service, but solely sells memberships, it usually means it’s a pyramid scheme. We did a review on a proper Crypto and Forex Exchange here.
Chain Group Pricing
Chain Group has simply 1 investment plan. You can invest in that plan for $10 to $1 million.
Like mentioned above, you are not investing in any type of “fund” or interest-generating investment. Instead, you’re exclusively investing in advertising to promote the platform and recruit new members.
Furthermore, Chain Group will take additional fees from your investment. You’ll be charged 0.5% of each internal transfer between investors, forinstance, and 0.5% when you withdraw money. You’ll also be charged a 2.5% fee on deposits.
Chain Group accepts payments through bitcoin as well as money transfer services like Exmo, Advcash, Perfect Money, and Payeer.
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People behind Chain Group
Like most shady cryptocurrency investment companies, Chain Group, does not provide any information about its management team, its location, or its experience in cryptocurrencies.
The company cites that its logo and website were designed by Adam Lu. Apart from that basic information, the company doesn’t mention anything about itself.
If a company asks you to send money, but does not tell you any information about itself, it is an enormous red flag.
The sole piece of contact information they offer for Chain Group is a phone number: +1 202 600 82 48. A quick Google Search for that phone number reveals that it has been linked to a number of investment scams in the past mainly high yield investment program (HYIP) scams. For example, the number is linked to SecureInvestment.net and GIANT Investment, both of which were scams that advertised themselves as a way to get rich quick.
The domain of Chain.group was registered in November 2016 to an anonymous individual. It was updated with the latest cryptocurrency scam in July 2017.
Conclusion
Chain Group is yet another obvious cryptocurrency investment scam. The company promises to pay you a huge return on investment with no work, experience, skills, or risk required.
The company does not even pretend to invest in any type of cryptocurrency funds or investment activities. They maintain the money will be put solely towards advertising the platform. The sole “income” in the investment is generated from new memberships and affiliate commissions. It makes Chain Group a pyramid scheme.
The phone number associated with Chain Group has also been linked to similar Ponzi schemes, investment schemes, and HYIP scams in the past. Chain Group is one investment scam you should avoid.
UPDATE:
The Website Is Gone…. The Money Is Gone…
We are so sorry for anyone that lost here.
Please Stay away from scams, Chain Group is definitely one of them!
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