Nova Chain is a company that is encouraging investors to sign up in their system for them to earn returns. The platform is just another Ponzi scheme in the market that you should not waste your time investing with.
The firm promises its clients’ returns ranging from 0.6% daily if you do the math that is around 21% monthly profits. The minimum amount that you can deposit in this system is $200. The company is only accepting funds via their coin NOVA, Bitcoin, and Ethereum.
The company is responsible for a trading bot known as T-rex Bot. The trading bot can allegedly help investors make ridiculous returns nonstop. It trades 24/7 by utilizing the arbitrage process and only trade in the crypto niche.
The platform has its unique currency known as NOVA. The coin is not very popular in the industry. However, Nova Chain urges traders to buy it as the prices will soon hike. There has been the various digital currency that is emerging daily. However, many do not live long as they soon exit the market after not being adopted.
The company seems to be offering various services and products. However, it lacks transparency, and we do not have much hope with it. Additionally, the Ponzi scheme ironically claims that it is a secure website.
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It has an open-source, decentralized service which provides utility for the token. Moreover, users can also generate income by using the signals that the bot sends their way. The trading software also can trade for investors
The company is only making huge promises to investors. The trading software will only make profits for their customers. The platform also avails another method that investors can use to earn a passive income.
Nova Chain state that 90% of the total trading charge that they collect from their system it will share it with investors who have over 15 thousand Nova Chain currency. The deal seems too good to be true.
From this information, you can figure out that the company wants members to buy as much token as they can from them. Keep in mind that the currency is useless and will not help you in any way. You cannot exchange it with other currencies. Hence, no matter how much you acquire, eventually, you will make losses.
If you look at the current Nova token price, it is $0.60. For you to have 15K NOVA, you will have to spend an amount that is not less than $2400. The only people that this system will favor is the scammers running the venture.
The company is barely a year old, and they have not done much to try and win traders’ trust. We find the whole system vague and a waste of cyberspace. We also have doubts about their trading bot.
Furthermore, the company claims that it can show proof that their software has been performing tremendously in the market. The platform avails a table with some figures that are meant to win the trust of investors.
However, Nova Chain should avail credible data that has been verified by the third party in the market. The figures that they present can be easily be tampered with and does not mean much as anyone can come up with such data.
You can trade using reputable crypto trading bots in the market that have a trading history. Their performance has been verified, and you have nothing to worry about. Invest with such verified trading software instead of wasting time with a vague product like T-rex bot.
How Does Nova Chain Operate?
The company is operating in a method that seems flawless, and it hard to find loopholes. Unlike other Ponzi schemes in the market that promise investors huge returns, this one is reasonable. It promises its clients daily returns of 0.50%.
Due to the avoidable challenges that have come up while crypto trading, you find that the amount is reasonable. The T-rex bot, which uses AI is allegedly simple to use, and you do not require to have any trading experience for you to use the software.
The trading bot claims to be using high-frequency trading techniques that have been utilized by various financial institutions to generate income for their customers. However, we have been able to see scams bragging of using the method while, in reality, it is just another narrative.
The company has not proven that its trading software is working. We do not know the average accuracy that traders can expect from T-rex bot. Furthermore, we cannot see traders who have gained by using bot.
With what they are promising, everyone should be flooding on their website. Unfortunately, what we came across are negative reviews. The information that the company has availed is not sufficient to prove there is trading taking place.
Customer Support and Regulation
The only method available that you can use in case you want to reach the support is via email. In this modern age, a telephone number must be provided to ease communication. Nova Chain has also not disclosed their office location.
We find that the company is not bothered by staying anonymous. We should know the people that we are trusting with our funds. It is only Ponzi schemes that have no problem with staying discreet. The platform is also not regulated by any government to carry out its investment services.
Nova Chain is a company that is operating illegally. They have some services and products that are available for those who want to invest with them. Unfortunately, after checking with several financial watchdogs in the market, we were disappointed not to find the company in the database.
Considering that the platform is only accepting funds via crypto, it would be best to keep off the venture. The safety of your money is in line. The company does not guarantee that you will get your money back.
The law requires any venture that is collecting funds from the public to meet the guidelines that have been put in place. Nova Chain has not presented their banking information or set up a compensation scheme that can be used to pay traders in case of insolvency.
The platform is out in the market, and everything ended in tears. Investors who blindly trusted Nova Chain are counting losses. Their clients are not pleased by the company. The support team is not professional when it comes to handling issues that are affecting their customers.
The company has all the key elements of a Ponzi scheme. It has proven that it does not care about making anyone rich. Their main concern is getting the access of your crypto. Traders are warning potential investors to stay away from this Ponzi scheme.
Nova Chain is a Ponzi scheme that is not worthy of any investor money. The company has proven that they cannot be trusted. Despite their claims of having multiple investment products, the company has no reputation. We urge investors only to use reputable crypto trading software in the industry.
It would be best if you normalized on researching before trusting any company blindly. See what other people have to say and also check on performance any platform that cannot provide this data is not worthy of your trust.
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