Thanks for stopping by to read our The Billion Coin review.
With the boom that we are currently experiencing in the crypto world, it is apparent that there will be a great deal of scammers who will come forth and attempt their schemes on the masses. For instance, on the 22nd of November, Confido a crypto financial investment group that had been operating for a couple of years unexpectedly went offline and pushed off with almost $375K worth of currency. Thus, with this current environment, we ought to be very mindful when making offers referring to digital properties like ETH, BTC and so on..
The Billion Coin Review
The Billion Coin (TBC) is a ‘cryptocurrency platform' that claims to provide amazing returns within an extremely short turn-around time. This is a traditional ‘scam tool' that is created to lure in potential consumers to make a quick buck. In accordance with info present on the main business site, Billion Coin in can be used in different financial investment plans so as generate highly unrealistic returns.
On a comparable note, we can see that there are no subtleties on the official The Billion Coin site, as the business flat out claims that it can assist us get rich within days of use. This itself should be a warning sign for any potential clients.
Issues to Be Wary Of
A quick visit to The Billion Coin website will show us that The Billion Coin is a financial investment hoax, which has actually been created by a group of individuals who are seeking to take advantage of the present crypto boom. The Billion Coin site does not look like there has actually been much work put into it, and there are no details of any business members or The Billion Coin contact information. All through the pages we can find information which tells us how this service can make us rich quickly, without ever giving us specific information and even a strategy, as to how this will be accomplished.
How Does The Billion Coin Claim to Work?
On paper, The Billion Coin (TBC) functions as an ‘financial investment platform' where we transfer bitcoins, and in exchange we receive an average profit of anywhere between 2-10% on a daily basis. The Billion Coin claims that its services can be utilized totally free, however there is a charge of $10 (annual) that is utilized for the maintenance of the wallet where we keep our crypto properties.
While all of this may sound fine and dandy, things start to take a weird turn when we see that The Billion Coin website specifies that the present value of 1 TBC cryptocurrency is over 141.4 bitcoins. This generally implies that if we were to cash in 1 TBC today, we would receive nearly 1.1 million Euros in return. This figure is not only wrong, but is also deceptive. Last but not least, if all this madness was not enough currently, the Billion Coin platform also declares that when our investments hit “The Ultimate Price”, we can earn a profit of approximately 2000X (a claim which is absolutely unwarranted).
Other Dodgy Things About The Billion Coin
- Guarantees Unrealistic Returns: All transactions with The Billion Coin are irreversible, therefore if any deposits are made into The Billion Coin network, users will right away relinquish all control over their digital properties.
- Much like a Ponzi Scheme: Another method of looking at the Billion Coin is that of a Ponzi Scheme. Initial investors are treated with respect, but after a couple of transfers all funds are blocked.
- No Owner associated information: There is no information in regards to the owners of The Billion Coin site. In addition to this, the documents that have actually been submitted to the websites are sketchy to say the least. For starters, there has actually been no corporate, ownership or creator info disclosed in the Terms of Use, Contact Us, or any other pages seen on the website.
- Lack of Domain Information: Another dead giveaway of a rip-off is when the authorized The Billion Coin domain can not be traced back to any one person. The Billion Coin has been created privately, and there are no names provided in relation to this service to.
- Relatively New: A fast WHOIS search has revealed to us that The Billion Coin website was developed on April 16th, 2016.
- No Legitimate Associations: Nowadays numerous new crypto services are coming together to develop a reliable network that integrates a wide array of various services within the crypto community. The Billion Coin has no associations with any companies or individuals who have any sort of reliability within the crypto world.
- No address or contact information: this is another classic indication of a fraud.
What Are People Saying About The Billion Coin?
A simple search online will show you that The Billion Coin has actually ripped them off. Not only that, there have actually been numerous reliable bloggers who have actually gone on record to denounce this website due to its unlawful practices. Last but not least, even members of forums like BitcoinTalk have actually mentioned that The Billion Coin is a “Ponzi scheme that ought to be avoided at all costs”.
The Billion Coin Conclusion
The Billion Coin is not a safe investment and has actually been made to target gullible investors who are wanting to explore the world of blockchain innovation. Everything from The Billion Coin site design to their ROI's are overstated and unverified. From our side, we give this item a double thumbs down. As a rule of thumb, users should always keep a watch out for the important things that have been pointed out in the previous section to remain clear of any scams or prospective frauds.
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