Coinicor is a platform that claims to undertake a myriad of investment ventures such as cryptocurrency mining and trading digital assets. The website claims that it aims to provide its inventors big returns by using the HYIP proprietary software.
It encourages potential investors that it is a lifetime opportunity to join the company. Unfortunately, this website is another Ponzi scheme that you should stay away from. The platform claims to provide its clients with suitable investment needs. It attributes its achievement to their trading software.
Coinicor promises its clients that the state-of-the-art trading bot will do everything and that they should relax and wait to collect their revenue. The site asks the investors to fully trust the trading bot because they are reliable, trustworthy, and profitable.
You should definitely not trust any of the offered promises made by the site because it does make any sense. The platform asks for complete trusts, and yet there is no viable evidence to support any of the claims.
The company claims that the proprietary software is flexible, so it adapts to different situations. The crypto space is a volatile niche of the financial world, and it is impossible to make accurate continuous predictions. Mining and crypto trading is not a walk in the park as the pyramid schemes lead people to believe.
You should not believe the promises made by Ponzi schemes that claim to guarantee accurate predictions based on probabilities with a sure success rate. Coinicor has many loopholes on the information presented on its website.
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The platform does not have a business model; it does not have its financial performance since its inception, and the company also does not disclose the alleged accuracy of the trading bot. It is advisable not to trust this company lest you fall victim to their scheme. It will only lead to the loss of your investment.
Coinicor is allegedly an investment website that combines bitcoin mining, Forex trading, P2P lending, startups, and ICO. The website claims to have participated in a large number of investment ventures to provide its clients with massive profits.
Coinicor claims to be a pioneering innovation that makes use of the different aspects of online ventures to discover its application into a variety of monetary applications. Unfortunately, there are no Instances where the bot has been used to make investors money.
Coinicor boasted of an HYIP software, which they claim will be the future of investing and stated that it would diversify investments to create a comprehensive portfolio. It was a system that would facilitate cryptocurrency mining, startup investments, loans, and cryptocurrency trading.
The platform also claims to develop its digital wallet. It all looks good on paper, but it is all unverifiable information and false promises. If the software was true, they would not have shared the bot and would have kept to them or partnered with larger corporations.
The investment venture Coinicor raises a lot of red flags; for example, much information has been deliberately omitted. The owners and leaders of the website are completely in the dark, and there is no information about who they are, any of their qualifications, and their background.
The professional profiles are not anywhere to be found, and they are all shrouded in anonymity. It is impossible to trust a purely anonymous website whose founders are like ghosts.
Coinicor is clearly a scam website. It claims to be a peerless trading bot that can perform numerous trading and financial investment activities perfectly by using probabilities and top-notch technology. The information provided by the website is all unverifiable, and there is no proof of evidence.
There is also no evidence of the software executing the trades or performing any mining. The platform was created with only a narrative to lure investors, and nothing is happening to the website. You should always invest with genuine crypto trading companies in the market.
Investment plan and returns
Pyramid schemes use high figures to try and lure investors into trading with them. The promised investment plans and returns are mostly above the industry average, and sometimes they use impossible figures. Coinicor promises its clients accrued daily return ranging from 1.5% – 2.4% paid forever, which averagely translates to 45% every month.
Additionally, the website claims to have an affiliate program which promises a 15% bonus for direct referral. The investment plan is all good on paper, but it is not reliable or truthful.
Coinicor raises a huge flag because the stated profits are too exaggerated, and the fact that it is lifelong payments proves that this platform is just a pyramid scheme solely after investor’s deposits.
The safety of your funds is non-existent because the website is after it. Coinicor has no banking details; hence it is impossible to know who is handling your funds. The site is also not transparent in its withdrawal protocol.
Customer support and Regulation
Coinicor does not have much information concerning its registration. What is known is that the website was enlisted as ICOR LTD and was registered in the United Kingdom with the enrollment number 11556303. Coincor is not a legal entity, and it also does not have a regulatory certificate.
The fact that Coinicor accepts deposits from across the globe means that it is operating illegally. The website may risk facing criminal prosecution. Registration forms are easy to obtain, while regulatory licenses are harder to obtain. Legit cloud mining investment requires the Financial Conduct Authority in the UK to operate and be legally recognized.
Coinicor is not a safe place to store your money because it risks being stolen. The platform can easily take your deposits and ghost you because it is not regulated.
The pyramid scheme does not have any active social media handles, a physical address, or live chat. Customer support is a very crucial element in online ventures. It is great to have customer feedback in case you have any queries or suggestions. The only available customer care support is email [email protected]
We conducted research and gathered useful information thanks to Alexa.com and Whois.com. The company domain name is coinicor.com, and it is currently unknown to its target audience. The company’s Alexa Global Ranking and traffic is also unknown. The domain was registered on 16/07/2018 and will expire on 16/07/2024.
Coinicor is a company that has very many red flags, and all the evidence points to it being a Ponzi scheme only interested in making away with investors’ money. The company promises its clients unrealistic profits of up to 40% ROI paid for life, which is a lot compared to its peer’s average ROI.
The website does not have any information on its websites like performance reports and comprehensive investment plans, and all the information made by the platform is unverifiable.
The company is also operating in the dark, and the owners of the company, as well as the team behind the proprietary software, are operating anonymously. You should always invest with genuine Forex trading companies in the market.
The team and the owner’s expertise and background are unknown. Coinicor is not regulated, and it operates illegally. The website can suffer from criminal prosecution. In the future, potential investors should learn to be patient, take their time to study the market, and beware of scam and pyramid sites.
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