Tradenamic

Posted by & filed under Cryptocurrency, Current Reviews.

Warning – capital is at risk. Past performance may not be indicative of future results. High-yield investment programmes (HYIPs) have a high correlation with scams/Ponzi schemes.

 

Tradenamic is a high-yield crypto scheme offering generous daily interest rates for subscribing to their investment plans.

As explained below when starting our review, this has many of the hallmarks of a classic crypto-Ponzi scheme so we are very wary of it and would caution anyone else to be so too. This is very high risk indeed.

In any event, we started off on their lowest plan, the “Demo Plan” which pays out 0.02% hourly for a period of 24 hours.

That all worked out okay and from our deposit of $10 into the scheme we received the advertised earnings of 0.24%, or $0.048.

We then deposited $50 into their “Budget Plan” which pays 1.3% interest daily for a fixed term of 30 days. We received $0.65 per day, making $19.50 in total.

We have now tried to withdraw $15 from our account, so we will see if that all goes through okay. In the meantime we have also gone in for one of their Budget Plans again for 30 days.

How much longer they can keep paying out 1.3% per day we will have to wait and see.

 

 

 


Tradenamic – Results Update

8th September 2021

Tradenamic is a high-yield crypto scheme offering generous daily interest rates for subscribing to their investment plans.

As explained below when starting our review, this has many of the hallmarks of a classic crypto-Ponzi scheme so we are very wary of it and would caution anyone else to be so too. This is very high risk indeed.

In any event, we started off on their lowest plan, the “Demo Plan” which pays out 0.02% hourly for a period of 24 hours.

That all worked out okay and from our deposit of $10 into the scheme we received the advertised earnings of 0.24%, or $0.048.

We then deposited $50 into their “Budget Plan” on 18th August which pays 1.3% interest daily for a fixed term of 30 days.

We have received $0.65 per day since then, so $13.65 in total.

We can’t see any compounding option as such (probably a good thing), so it is probably a case of waiting until the 30 days is over and then going in again if that is what you wanted to do.

Given our comments at the top about the likelihood of this being a Ponzi scheme, we are not sure that would be a good idea though.

Anyway, the scheme is operating as expected so far – we will report back again soon as to whether that continues.

 

 

 


Tradenamic – Results Update

18th August 2021

Tradenamic is a high-yield crypto scheme offering generous daily interest rates for subscribing to their investment plans.

As explained below when starting our review, this has many of the hallmarks of a classic crypto-Ponzi scheme so we are very wary of it and would caution anyone else to be so too. This is very high risk indeed.

In any event, we started off on their lowest plan, the “Demo Plan” which pays out 0.02% hourly for a period of 24 hours.

That all worked out okay and from our deposit of $10 into the scheme we received the advertised earnings of 0.24%, or $0.048.

We have now deposited $50 into their “Budget Plan” which pays 1.3% interest daily.

It’s a bit strange that the next plan up from that one, the “Regular” one offers only a slightly higher rate of 1.5% daily but has a minimum deposit of $5,000, versus $50 for the Budget Plan.

Anyway, as we say we are sceptical of this and wouldn’t be surprised if it exit-scams during our trial, although as mentioned when opening our review, these HYIP schemes can stick around for a while if their marketing is good and they can keep attracting new users to pay out the current ones.

 

 

 


Tradenamic – New Review

18th July 2021

Today we are starting a new trial of a cryptocurrency service called Tradenamic. This was suggested to us by one of our members, who – rightly we would say – expressed concerns it could be a Ponzi scheme.

Tradenamic claims to be a “reliable and diversified investment provider to financial market professionals.”

There is a reasonable amount of information on their website including various finance buzzwords such as “financial market trading,” “digital currency evolution” and “securitization.” but it is all quite vague and there isn’t much detail about what they actually do.

It has the term “billionaires” sprinkled about the homepage but without much explanation of the relevance of this or who these supposed billionaires are.

There are also many of the classic offerings you tend to get from these high-yield crypto schemes like debit cards and a roadmap – which once again has lots of buzzwords like “decentralized app” and “trading network” but is pretty vague about what they actually do.

Taking a look at the company involved, interestingly it is registered in both the UK and Cyprus, which is a little unusual for these platforms which are usually registered in Asia or offshore where there is little to no regulation. Of course the UK registered business may not carry out any regulated activities and just be a shell company.

In terms of the people behind it, they list some directors but there are no links to Linkedin profiles or any other information about them. One of them supposedly went to the “University of the United Kingdom” which is a new one to us…

There are various “Plans” you can subscribe to on Tradenamic offering different daily payout rates and it is these that give us the greatest cause for concern.

Ranging from 0.02% to a whopping 4% payout per day (minimum $50,000 investment), these plans are the hallmark of a classic HYIP ponzi scheme.

It doesn’t take too much time spent on an interest calculator to work out that such payments quickly become completely unsustainable.

Obviously what these platforms rely on is strong marketing and a dedicated affiliate network to promote them for as long as they can keep going before payouts are no longer affordable – or there isn’t enough new money coming in to pay out existing members. Just to clarify we are not signed up as an affiliate to this platform in any way.

So you are probably not surprised to learn that we are very sceptical of this website and want to provide a clear warning about this being very high risk and that your capital is definitely at risk in something like this.

We have joined up and are going to test out their “Budget Plan” which has a 1.3% daily payout. We’re not sure how long that can go on for but it will be interesting to see anyway. Sometimes these platforms can go on for quite a while depending on how effective their marketing is.

We will report back soon on how things are going.

In the meantime you can check out Tradenamic for yourself here.

 

 

 

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