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ITP Corp is another well-planned scheme that fails to show any transparency, making it a High-Risk investment platform. Our itpro.top review has more on this platform.
Those who have signed up with the platform know all too well the downside.
After trying to withdraw funds from the platform, the system claims you don’t have sufficient funds to withdraw. And that’s just part of the problem for investors who signed up with ITP Corp.
How can you know that a platform is genuine and plans to offer the best investment services? Is crypto staking one of the best ways to earn passive income? Yes, once you get reliable and vetted platforms, crypto-staking investments are a gem.
ITP Corp failed in its attempt to convince us to deposit funds. And there are a few reasons why we opted to stay away from the platform. And that’s because the risk were too huge to ignore. You have to understand how staking works to get the best out of it.
With high ROI claims, naïve investors were quick to sign up and deposit funds. Days before vesting lapsed, ITP Corp did the unthinkable, they started blocking withdrawals.
Here’s our candid ITP Corp review for more.
The platform claims to have its headquarters in Seattle, United States. Intelligent Technology Pioneer Corporation is the full name that comes with this platform. The company claims to be fully committed to global Blockchain technology.
Details regarding who owns and runs the platform remain a mystery. Lack of transparency is one of the red flags to spot with ITP Corp. As of now, hundreds of investors have lost funds with this platform.
Crypto staking and other related investment platforms are what this platform offers. ITP Corp offers five main income methods. These include daily quantified order returns and other bonus services.
Once you participate as an affiliate on the platform, you also increase your daily order income. There are other additional bonuses and commissions for those who deposit large investment amounts.
The last commission is for investors who get promoted to run different investment accounts thus enjoying a generous salary and other benefits. Before you hatch your chicks, you need to learn a few valuable lessons when it comes to investing.
Claims of daily guaranteed profit margins were the first red flags we spotted with this platform. The volatile crypto market doesn’t offer such in terms of daily profit margins. Another risk was the lack of transparency as there’s no information on who runs the platform.
Hence, investors don’t know who holds funds which is a big problem. For victims, you can’t point the finger as to who owns the platform or took the loot. And that’s part of the problem with ITP Corp and other anonymous investment platforms.
The platform created a pyramid scheme where the first investors would withdraw part of their deposits. An example being investor o1 who deposited $20,000. The platform would allow the investor to withdraw part of the amount.
Once you withdrew $5,000, the platform would lead investors to believe they have withdrew the daily guaranteed profit margin. And this incentivized investors to deposit more in the hope of making a large stack of profit.
That was not the case. The platform would later block withdrawal on your second attempt.
There are eight investment plans available on this platform. Each promised daily returns with high profit margins. Let’s take a closer look at each of these plans and what they brought to the table.
It’s the first initial account with members getting a guaranteed profit of 2.5 percent daily ROI. The minimum acceptable deposit was $100 with the maximum set at $20,000. There was a 7 percent withdrawal fee incurred.
The platform listed daily ROI with the maximum vesting period lasting a maximum of 100 days.
With the G2 account, the guaranteed profit margin rose to 2.8 percent. The acceptable minimum deposit was $500 with the maximum set at $30,000. An affiliate would get the same profit margin after enlisting 5 people on this account.
For 100 days of vesting, members would get a promise of making a minimum of $1,400 to a maximum of $84,000.
The acceptable minimum deposit with the G3 account was $2,000 with the maximum set at $50,000. Daily ROI promise was 3.1 percent of the total vested amount. The vesting period was daily to a maximum of 100 days.
There was a fixed 6 percent withdrawal fee incurred.
For G4 account holders, the acceptable minimum deposit was $5,000 with $100,000 the maximum. Investors got a promise of making guaranteed ROI of 3.3 percent of the invested amount.
There was a 6 percent withdrawal fee with affiliates getting the same ROI for enlisting over 45 investors.
3.6 Percent daily ROI was the promise with the minimum vesting amount set at $50,000. The maximum you can deposit with this plan was $250,000. There was a 5 percent withdrawal fee for this account.
Affiliates would get double the ROI if they enlisted over 90 investors to join the account.
A minimum investment amount of $200,000 with the maximum set at $800,000. The account promised daily profit margins of 4 percent with the maximum vesting period set at 100 days. Withdrawal fees were at 6 percent of the withdrawal amount.
Affiliates would earn as much if they enlisted over 150 users to this tier.
It’s one of the two premier accounts with investors having to deposit a minimum of $300,000 to a maximum of $1 million. First generation valid members would earn an extra $5,000 in welcome bonus.
The daily promised ROI was 4.1 percent with withdrawal limits at a minimum of $500,000.
Here’s the most exclusive tier on offer with the platform promising daily returns of 4.2 percent of vested amount. The minimum acceptable deposit is $500,000 with the maximum at $1,500,000.
There was a 4.2 percent withdrawal charge of the total amount.
There are six level affiliates that means you don’t have to be a full member to become an affiliate. Once you partnered with the platform in bringing in investors, there was a supposed commission.
Sadly, the platform didn’t release these commissions as well. The highest commission amount was about $250,000. And this means you had to pull in over 150 investors. All the hard work and no pay.
Customers have already started sharing their experiences with this platform. And from what we are seeing, it was far from a pleasant experience for investors and even affiliates. The lack of withdrawal was a major factor that led to the collapse.
Before investing in any platform, take some time to read what other clients are going through.
From what we have seen, ITP Corp was a high risk investment platform with a few investors benefiting from the pyramid scheme. Lack of proper information and transparency saw us list the platform in the grey.
The safety of funds is not available in a platform without a license.
The platform was a high risk investment platform.
Note: With ITP Corp and other websites on the prowl, you need to find credible investment platforms verified by experts in the crypto community.
Please write to us if you have any queries or leave a comment.
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