We are reviewing Crypto Revolution Mining, a service that claims to have created a utility token called CREV. There are 3 investment plans on this website and the idea is that if an investor wants to make money with this site, they should purchase CREV token using any of the 3 available plans. What makes this site a little bit suspicious is that they have not listed this token on any Crypto exchange. It is just a token which they have created and is not backed by natural forces of demand and supply. Crypto Revolution Mining is also citing the address Crypto Revolution Ltd
SWATAR, CITY CENTERTower Business CentreSwatar – BKR4013, MALTA where they are claiming to be based at. To contact their representatives, one needs to send a message to the email [email protected]
The reason we are reviewing this site is that it is suspicious. Users are supposed to purchase their token first in order to make use of any of the services which they offer. They claim that this token can be used for purchasing services like Trading, Mining, Staking, and MasterNodes solutions. They claim that investors can rely on their seriousness, professionalism and maximum quality. They also claim to offer mining services without any maintenance fees. This is too good to be true because with a legit cloud mining service, the company has to maintain the equipment and it’s their investors who pay for this cost, not the company. Therefore, if a supposed cloud mining operations claims that they are offering mining services in the cloud without any maintenance fees, you should know that they are definitely lying.
There are many red flags on this site which are making it look like an obvious scam. First, we are wondering why investors are being forced to purchase Crev token in order to start mining or utilizing other services which are purportedly offered by the site. You should know that Crev token is not listed on any external exchange, meaning that it is not a real token. It costs nothing for the owners of Crypto Revolution Mining to create tokens which they are now selling in exchange for the services which they purport to sell. It would have been much easier if Crypto Revolution Mining accepted money as is in order to sell their services to investors. It beats logic to first purchase tokens and use them for exploring other services.
These 3 investment plans require 2875 Crev, 4000 Crev and 6000 Crev respectively and are running for 2, 3 and 5 years respectively. Basically, the more Crev tokens you acquire, the longer the contract duration. Each one of the 3 plans offers 1 HPP or hash power pack. The details of the exact amount of hash power that can be bought with any of these plans are not clear. The only thing that has been clearly defined is the length of the mining contracts. Once an investor purchases Crev tokens, they can receive daily payouts in Bitcoin, Ethereum or Litecoin. Of course, if you want to receive payouts in any other Crypto currency apart from Bitcoin, they need to purchase the appropriate mining plans which correspond to the Crypto currency which they want to mine.
The TOTAL SUPPLY of this token is currently 69.000.000 CREV. It is a ERC-20 Utility Token Contract but the idea behind this token does not make sense. In fact, it appears that Crypto Revolution Mining is using the idea of tokens to make the project look legit when it is not. There is an element of dishonesty in how the site is making its presentation. We have come across many sites (some have even been reviewed here many times before). These sites are often operating a ponzi scheme type of business and all of them have tokens which are not listed with any public Crypto currency exchange. Crypto Revolution Mining is operating in a similar fashion to these sites and that means it cannot be trusted. There are high chances that this is a ponzi scheme and in that case, we cannot say that it is a reliable investment destination. Here’s why:
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These tokens cost nothing to create and they are selling them for real money. We cannot fund our investment with credit cards or in fiat currency because this project is only accepting payment in Crypto currencies. You should know that Crypto currency transactions are not reversible. That is why many scammers love to accept payment in BTC or in any other Crypto currency. Having said this, you should see why this site is well organized in terms of how it plans to scam internet users.
Moreover, they are selling something that has cost them nothing to create and investors are definitely purchasing what is not there. Before you purchase a token, you need to read the white paper and the idea that supports the creation of the project should be viable in the long run. In short, there are things that you should consider before you can invest in a token. But as you can see, Crypto Revolution Mining does not have a white paper anywhere on their site. They don’t even tell us what they have done and what they intend to do in the future in order to sustain this business and keep generating returns for their investors.
So this is why Crypto Revolution Mining is a scam. In terms of customer feedback, there is none. A legit investment service will definitely receive enough feedback which can be used to evaluate the quality of the service offered by their team. The only thing that is close to customer feedback is a fake testimonial which is found towards the bottom of the webpage. We cannot believe these claims because they are unverified, meaning they could have easily been edited by the site owner.
Crypto Revolution Mining is definitely a scam. You should neither purchase tokens from them nor thinking you can mine successfully. Stick with credible cloud mining platforms on the internet.
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