With the growth in the cryptocurrency space, many companies and investment firms are sprouting up with promises of earning you massive ROI on your investments. One of such firms is Watermine investment, which is said to allow you to mine bitcoin.
In this article, we would look into Watermine investment and answer the question we all know is on your mind “Is watermine investment legit or a scam?”. So, wasting no more time, let’s get down to it.
What is Watermine investment?
Bitcoin mining is made possible with the use of the Watermine investment service. At the moment, there are four mining programs that may be utilized, and the daily profits for each of these programs range from 2% to 2.6%. (fees included).
You may be able to enhance your profits by referring individuals to the program. If you do so, you will be eligible to receive twenty percent of the donations that the people you recommend make on four different levels. A ten-dollar deposit is a bare minimum. Users have the ability to buy mining power from the company and then employ that power to mine bitcoin.
The usage of blockchain technology helps to guarantee that transactions are carried out quickly and securely. It is an open-source project being constructed by a team of specialists from around the world. The project’s primary focus is on the industry’s prospects for the future. They hope that by establishing a marketplace for cryptocurrency trading, they will be able to eliminate the need for middlemen, which would result in cheaper transaction costs for investors all over the world. This will make cryptocurrency trading more accessible and inclusive to everyone.
Is watermine investment legit or a scam?
Watermine is a pyramid scheme that people should avoid at all costs. A dishonest financial plan, not a bitcoin mining scam is what we perceive. It’s a billion-dollar business that’s just getting started.
A growing number of scams are being perpetrated in the business. Scammers are increasingly using cryptocurrency to prey on naive victims. Among the most recent examples, there is Watermine. This cryptocurrency firm has a questionable track record while making huge claims.
Scam investment opportunity: Watermine Crypto Investment.
The absence of any contact information on their website or social media profiles is one of the red flags to be on the lookout for. There is no evidence that they have completed or started any previous ventures. Internet and social media users would flock to this company if it were authentic.
Since no one can guarantee daily or monthly profits, a reputable crypto-mining service will never make such a claim. Nobody knows what the future holds for bitcoin prices or power expenses.
Additionally, a reputable mining firm will tell you of the currencies you will be mining. This kind of behavior is not typical of Watermine. Despite the fact that Watermine does not provide any information, it does offer consistent daily returns. It’s hard to say for sure. There can only be one conclusion from this: Watermine is a scam.
Cryptocurrency investors and enthusiasts should steer clear of the “Watermine Crypto” hoax. Bitcoin mining services are advertised on Facebook by a company situated most likely in Russia.
Nothing more than a clever deception, watermine cryptos is a fake website. In reality, the company does not exist and does not offer any actual bitcoin mining service. Taking your money is all that matters to them; therefore, they’ll do everything to get your personal information.
Ridiculousness abounds in Watermine Crypto. The company behind this cryptocurrency was recently sued by the SEC, and the founders are now wanted for questioning. Rather than genuine money, this organization looks to be a fraudulent pyramid scheme. They pay their members commissions for bringing in new members, rather than delivering any value of their own.
Read: UTI School Review 2022: Is Universal Technical Institute Legit or Scam?
How does Watermine investment work?
It’s possible to buy, sell, and pay for services with the Watermine cryptocurrency. The currency is featured on the Mt. Gox exchange site and may be acquired through an online marketplace. Buying or selling cash does not necessitate the creation of any kind of account. A cryptocurrency wallet, which must be downloaded to accept other users’ coins, is used to process payments.
It is possible to store cryptocurrencies in a digital wallet. A decentralized network manages this type of money, which implies that banks and other middlemen aren’t required to facilitate the exchange of funds.
Cryptocurrency wallets, including public and private keys, allow users to send and receive digital currencies. It is because of the blockchain’s ability to monitor all transactions on the network that all cryptocurrencies are built on.
One of Watermine Investment’s primary goals is to establish the first cryptocurrency-based water payment system in the world. The company’s mission is to provide safe drinking water to millions of people in developing countries by 2020.
Read more: mygreatlakes.org Student Loan Review: legit or Scam?
What Services Do Watermine investment Offer?
In this section of the watermine investment review, we will look at the services they offer.
Watermine Investments offers investment packages that guarantee a specific return based on your selected contract package.
These investment packages are known as Hash power mining contracts.
The contracts are all three months long and cost between $10 and $2,500 to invest.
The return-on-investment percentages range from 2% to 2.6 percent.
The earnings are distributed to you daily, according to the company’s website.
Read also: Citizens Bank Student Loans Reviews: Legit or Scam?
How Do You Make Money With Watermine investment?
There are two methods to profit from your Watermine investment:
- Through their Hashpower contracts
- Their referral affiliate program
Getting Started And ROI Hashpower Contracts Payouts
You can begin with any of the four “Hashpower” contracts.
All of these contracts promise a 3-month return on investment (ROI) and pay you the profit every day in the form of mined coins.
The following is a list of the packages they provide:
- Starter Investment Contract – You will need to deposit $10 to $99. To join the 30-day Starter contract. This contract guarantees subscribers a daily return of 2%.
- Advanced Investment Contract – You will need to deposit $100 to $999 to join the 30-day Advanced contract. This contract guarantees subscribers a daily return of 2.2 percent.
- Premium Investment Contract — You must deposit $1,000 to $2,499 to join the 30-day Premium contract. This contract guarantees subscribers a daily return of 2.4 percent.
- Golden Investment Contract – A minimum investment of $2,500 is required to join the 30-day Golden contract. This contract guarantees subscribers a daily return of 2.6 percent.
Referral Affiliate Commissions
Watermine also provides referral commissions, which are paid to you from your referrals’ investments, in addition to the stated ROI returns.
The commissions model is a four-tier referral scheme based on the MLM uni-level structure.
Based on the referral reward scheme approach they use, it is possible to argue that they are likewise an MLM program.
According to the firm’s website, regardless of the contract you invest in, you will get the same % on each level if you invest.
The following is a breakdown of how much money you’ll make from your referrals’ investments:
- Level 1 Referrals – These are members who were referred to you personally. On their investments, you will get an 8% profit.
- Level 2 Referrals – These are the folks that referred your level 1 people. You will receive a 6% return on your investment.
- Level 3 Referrals – These are the folks that referred your level 2 people. On their investments, you will make a 4% profit.
- Level 4 Referrals – These are the folks that referred your level 3 people. On their investments, you will receive a 2% return.
Let’s move on now that we’ve covered everything there is to know about making money with the watermine investment.
Related: Australia VISA Lottery Scam or Legit? See what works for Immigrants.
Pros
The following are some benefits of watermine investments that we discovered:
- The projected daily ROI is a huge plus!
- To make a profit, you don’t have to sell or recruit.
- Watermine investment has the advantage of allowing you to work from home.
- Another positive is watermine’s investment referral scheme, which allows you to make more money on top of the stated ROI.
Cons
The following are some drawbacks we discovered using watermine investment:
- “Marcel,” the figure identified on the UK registration, appears to be a mystery and cannot be located online.
- Any firm that promises a certain return on investment typically suggests something is fishy.
- Watermine’s investment referral program is a multi-level compensation scheme, which requires an MLM listed firm to offer retail sales or services, which watermine investment does not.
Conclusion
It would appear that the investment in Watermine is a scam. There is a glaring lack of transparency at this company since there is no information regarding its personnel or location. These two significant red flags should alert you that the company is almost certainly a scam artist.
Conduct exhaustive research on the company before parting with any of your hard-earned cash, and remember to never put more money into an investment than you can afford to lose. It is strongly suggested that you keep your money away from this shady company and instead invest it in a crypto mining company that operates in a more moral manner.
Customers can end up losing money on every dollar they invest as a result of using this product. Customers have provided the company with unfavorable comments, and some of them have even suggested that it is a Ponzi scheme.
FAQs on Watermine Investment
Watermine investment is a service that allows you to mine bitcoin. There are four mining programs available at the moment, with daily earnings ranging from 2% to 2.6 percent (fees included).
You may increase your profits by bringing people to the program; by referring others, you can earn 20% of their donations on four levels. A ten-dollar deposit is a bare minimum. Users can purchase mining power from the firm and use it to mine cryptocurrency.
Watermine investment is a cryptocurrency that may buy, sell, and pay for services. You can purchase the currency through an online marketplace or on the Mt. Gox exchange site. No account is required to buy or sell the currency. They make payments through the use of a cryptocurrency wallet, which you must download to receive coins from other users.
Watermine is not a genuine business; it is a pyramid scheme that users should avoid. This is not a bitcoin mining scam but a dishonest financial scheme that will ultimately fail.
The steps to using watermine are as follows:
Step 1: Create a watermine account
Step 2: Make an investment
Step 3: The Mining Process Begins
Step 4: Collect your coins
There are 2 ways that you can make money with watermine which are:
Through their Hashpower contracts
Their referral affiliate program
References
- Https://webnews21.com/ – Is watermine crypto investment legit or a scam
- Https://onlinewealthchronicles.com/ – Watermine review
Recommendations
