Oct 25, · As mentioned, Usi-Tech’s BTC mining packages were suspicious from the start. This caught the attention of U.S. regulators who demanded proof and effectively spooked the company. Lacking the required proof, the company’s founders panicked and ended up shutting all U.S. . With Recent advances, particularly in the price of Bitcoin mining usi tech, it can be difficult to prepare a rational judgment. All investing is ruled by A combination of deadly sin and awe, and it may be hard to keep the mortal sin portrayal under control given the advances cryptos direct shown in recent time of life. Jul 28, · USI-Tech claims to be a bitcoin trading robot that generates a return of up to % per month. However, our investigation shows that most users end up making losses. USI-Tech .
Bitcoin mining usi techBitcoin Ponzi Scheme USI Tech Finally Announces its Fake Crypto Mining Operation End
The company also claimed to be based in Dubai. However, the registration of the business is actually from Ras al Khaimah, another city in the United Arab Emirates that is well known for its offshore business registration services. BTC packages started out at around 50 Euros each. The more packages you bought, the higher your return would be, allegedly. The returns one percent daily payout on average over five days per week sounded promising to some people.
The company also claimed to offer a staggering percent return over the course of a day package. It also stated without proof that some people had already received percent returns. Still, there were other factors that point to the malicious nature of the company. For example, USI Tech openly operated as a multilevel network marketing company, which made many people view it as a pyramid scheme from the start.
Regardless if you are someone who lost funds from this scam or chose to stay away from this particular one, there are a lot of things to take away from the USI Tech story.
The cryptocurrency market is volatile, and there are certainly no guarantees of making a profit. Many members were already experienced scam artists well before working for USI Tech.
This should have been the only red flag needed for most people. In any pyramid scheme, this story could simply be a lie. USI Tech had all of the classic signs of a Ponzi scheme. Even though there is ample information about the scam available from various sources online, the USI Tech owners and team members are still trying to fool potential investors.
According to one Facebook group dedicated solely to calling out the project as a scam, people associated with the project are now using new language to avoid getting caught. However, the homepage is nothing but a login screen for existing members. As a cryptocurrency investor, always be sure to investigate in-depth and make informed decisions.
These programs are a dime a dozen and any bitcoin-related high yield investment plan needs to be thoroughly examined for risk and reward. As we dive into the nitty gritty of the shiny new BTC multiplier packages that have exploded USI Tech's popularity, there were a few devils in the details to be addressed in which we discuss in greater care below.
In the newly forming and yet to be regulated virtual currency industry, everything deserves a quick peak at the perks and pitfalls to see if it carries legit merit towards what they claim to be able to do.
According to the official United Software Intelligence website, the international company has been known for more than eight years in the trading industry and has a successful track record with multiple six figure clients reported from around the globe. Of course as we alluded to above, this all changed once the BTC investment multiplier packages were part of the equation. So before combing through the virtual weeds of United Software Intelligence's bitcoin packages and affiliate referral program, it is important to note the research and review below were assembled for optimal understanding to make informed decisions and should you join there is associated risk.
According to the member website, USI-TECH is a high-tech trading company that specializes in the development of automated Forex software with a focus on customer relation and unique digital asset investment strategies. They are not a startup or revenue sharing company.
On the website they say have been known for generating hefty daily revenue from their proprietary trading software for years cough cough. The company has listed its headquarters in Dubai registration number ICC although we read reports on having difficulty in verifying this location and address.
What the claim to fame seems to be is an enhanced internal proprietary trading software supplemented with a third-party trade signaling algorithm of sorts with rapidly revolving and updating technology to create profits from the fluctuations and volatile bitcoin market. By now, anyone who has been around bitcoin knows a few dips and swings of hundreds of dollars is not abnormal in the slightest.
What we do know is in these constantly moving meters within the cryptocoin market, there are a great deal of micromanaging going on by traders, investors and miners from all over the world.
USI Tech is far from your ordinary automatic currency trading platform, as it combines automated trading with an MLM matrix. USI-Tech operates as a multilevel network marketing company and thus why it draws all of the associations with being a pyramid scheme right out of the gate. As we mentioned in the USI introduction, users are essentially guaranteed to earn bitcoin on their investments and can be rewarded with bonuses up to 12 levels deep for recruiting new customers who also want to join and invest to earn more bitcoin.
There must be hundreds if not thousands of similarly structured bitcoin business companies and opportunity models to choose from so what makes USI any better or different? This is the million dollar question that everyone in the room should be asking. These are staggering returns based on the fact that you have to do nothing other than invest. No one is required to tell or sell anyone in order to earn at the end of this day timeframe.
Of course this is also assuming United Software Intelligence doesn't get shut down by big brother or randomly disappear due to mismanagement or likely sheer greed.
Many skeptics and doubters weigh in and wonder how long they will stick around? The ever-important proof of mining contracts and all mighty trading profits need some form of validation and authentication. Common fact knows the bitcoin blockchain application is a shared distributed ledger where everything can be traced and tracked publicly. With a certain level of anonymity involved, it should still be easy to spot and provide proof of these cryptocurrency trades as well as owning significant peta-hash rate computational power with BTC blockchain more on this to come as developing stories are leaking.
However, while USI Tech seems to be one of the front runners in the bitcoin multiplier investment space, a lot can change fast. Let's try to understand the USI compensation plan math.
Relatively speaking, this is some skin in the game, especially given the ponzi-pyramid-styled opportunity that USI operates in. This translates to earning 0. To make it even faster, this is where the USI MLM business sales force affiliates and independent representatives come with the compounding effects by recruiting and prospecting others who want to grow their bitcoin cryptocurrency wallet.
That is the compensation plan in which we will cover below. But the big, pink elephant in the room is where is the trading history and where are the cryptocurrency cloud mining contracts at that showcase their peta-hash rate power [ here ]? What we found to date is their main focus and source of profits as a company comes from mining alternative coins and repetitive arbitrage trading on a variety of exchanges which profits tiny margins on low risk trades all day everyday.
In the world of crypto, a schedule means nothing. But anyone who has been around the cryptocurrency and network marketing industry for a few years will know the primary drive behind their growth is done via affiliate marketing asking people to join in on the fun to earning low-risk BTC rewards. For those who are not familiar with the world of cryptocurrencies and how it works, this can be a bit confusing but thankfully easy to understand once shown.
This gives incentive for securing the network and keeping track of the global ledger where all transactions take place so everyone can see and verify without permission. If you are planning to invest, what you should know is that mining cryptocurrencies is currently a very profitable activity and industry to be involved with. Every time a miner successfully solves a block, they are rewarded with new cryptocurrency coins which can then be sold into the market and exchanged for real-world value whether fiat or crypto.
After profits are generated we assume they convert altcoins to Bitcoins to pay investors and members their daily returns. USI Tech have developed a software for over 8 years and made over different software updates. From our understanding, every time you use this software, you must pay a brokerage fee. This would be a good time to go over what other HYIP-styled programs promise and where your next point of research and emphasis might come from if considering signing up with USI.
The USI Tech compensation rewards plan is not too difficult to understand once grasping all the available options to choose from. However, new rumors are cultivating about them expanding on a cryptocurrency platform details to be released at the next event. Make no mistake about it, their main service is the automated trading software. Another primary way in which users make money is through the commission structure, which allows to make money by recruiting new members which gives them the dreaded MLM stereotype.
Under the compensation plan, the more people you recruit beneath you, the more money you make. USI Tech will charge a brokerage fee. A part of that brokerage fee is sent to you, and the remaining percentage is spread throughout the network. Now they are under water in bitcoin reserves as well as legal waters about being a security that seems to be unregistered and will likely be more to come about that in the future.