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MineBase is the brainchild of a renowned MLM Serial creator, Harald Seiz. Find out what he has installed for you in our detailed minebase.com review.
There are a few things you need to note with the MineBase investment platform. MineBase supposedly offers Crypto investment services in the form of staking. To lure investors, Harald promises high daily profit guarantees.
There have been several red-flagged projects under his wing. That’s why we moved quickly to warn investors regarding his latest project MineBase. The project failed to offer any relative information on how the project invests to help members earn profit.
If they are in staking, which crypto coin is their major tool and what nodes have they signed up with. Lack of accountability and transparency is one of the reasons why we have to highlight the warning signs from the platform.
Who is Harald Seiz?
He’s a German national credited for ripping off a ton of investors through the Karatbars International Project. A gold-themed pyramid scheme that went burst in 2011. After this scam, a warrant of arrest was issued in France and the UK.
Harald didn’t stop there as he partnered with Josip Heit to open the Gold Standard Bank.
Here’s the breakdown of how MineBase came into existence.
With a fellow partner in crime, Harald would now manage to create different MLM products under the Crypto niche. He has managed to amass wealth by scamming investors all over America, Asia, and Europe.
The scam master evades regulators by jumping ship once he shuts down operations and funnels all funds to another project. A few warrants in, he still manages to hide from authorities thanks to deep pockets and numerous assets.
KaratGold Coin KBC was the next big scam project created in 2018. The coin publicly launched in 2019 and became a huge disaster with KBC dumped 88% in a matter of days. After milking investors, Harald and his team went under.
In 2020, they came up with G999 another Crypto MLM project that was a thing for most investors. One of the key pointers with Harald is the ability to create a compelling story through well-organized advertisement.
Freebay was his next love with V999 a spinoff of the G999 token which was a flop also. At this time, the SEC took interest and warded off interest of the coin. It was not allowed to trade publicly in any exchange in North America.
With a few interests in Europe, he managed to fleece investors and came up with GSPartners, another Crypto Ponzi scheme. It was at this juncture that he ventured into the recovery scam. It should be remembered that after Freebay collapsed, Harald had a public meltdown.
During one of his live YouTube sales pitches, a user commented on some of his past products and went bazar. It was around the time Freebay was tanking and it was clear this was another failed project.
There are two websites under this product to target as many investors as possible. The two types of victims are the members who sign up and affiliates who end up promoting the platform for free.
Members get incentivized to sign up with high daily profit margins. Harald claims MineBase guarantees it will triple your investment within 30 days. That’s one of the fastest turnaround times of any investment venture in the world.
As stated earlier, Harald has a unique way of selling his MLM products by hiring different actors. His YouTube channel has a plethora of actors who have used their talent to promote the products.
After becoming a member, you get to withdraw part of the ‘ROI’ twice within a week. The platform claims it’s a way to proof the concept. You deposit a minimum of $10,000 and withdraw a set maximum.
Harald caps the maximum withdrawal to about 20 percent of the projected investment. Once people withdraw, they get hooked into the notion the project is a success. Harald moves in and convinces investors to deposit more and join a better plan with the MineBase project.
That’s when investors make the mistake of funding the accounts with even their life savings. In actual sense, he only allows you to withdraw part of your initial deposit. That’s how he manages to convince investors to lure other close family and friends into the project.
MineBase is still an active Crypto MLM project and is still accepting new members. Once the membership numbers dwindle and investors start asking questions, that’s when Harald will shut down the project.
Keep in mind that most of his projects have been under scrutiny by several regulators all over the world. These include Karatbars that he now faces extradition in Bahamas, Canada, Germany, and Namibia.
New Zealand is the latest country to issue a warrant of arrest for Harald. He fled his native country Germany after BaFIN issued an arrest warrant. He was a fugitive in Thailand before disappearing to Spain.
We firmly believe he is now operating in the MLM capital of the world. Dubai.
To get as many users sign up for the platform, he promises weekly and monthly bonuses to members and affiliates. The bonuses are in form of USDT and they range from 100USDT to a maximum of 25,000USDT.
Commissions are also earned after members and affiliates bring in more investors to the brawl. You can earn up to $3,000 in commissions after luring in over 20 investors with the first affiliate level plan.
The last affiliate level plan offers investors $10,000 in commissions. That’s enough to make most users invite their family and friends to join MineBase. Woe unto you as the results will leave you and your circle fighting.
Those who vested with the platform in the early stages have failed to withdraw even a penny in the last few months. The platform would allow partial withdrawal if membership deposits increased.
With more and more victims calling out Harald, it’s clear we are dealing with a virus spreading in the MLM niche. Until Harald and his team are apprehended, we believe this trend will continue to happen.
One of the first red flags to spot on any high risk no reward project is the promise of making guaranteed profit margins. With the volatile crypto and financial space, making such an assumption is clearly out of the question.
Even in legit staking platforms, the vesting period for a small percentage of ROI is three to four months. High stake and high reward in staking is a long-game with patience a virtue most investors must get.
There’s no doubt MineBase is a risky platform judging by the creator and the history behind his projects. It’s likely Harald is already planning to shut down and come up with another project.
After seeing the pain investors are facing trying to withdraw funds or reach out for answers, we have to advise caution.
There are legit crypto investment opportunities such as cloud mining operations.
Try them today.
Do leave a comment or email us with any queries.
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