Welcome to my review of ETHConnect.
If you are thinking about investing in this cryptocurrency but are hesitant to actually go through with it then you are in the right place. There are about a thousand scams out there piggybacking off of the success of the cryptocurrency industry and you never can be too careful when it comes to things like this. In this review I’ll be going over a few important things that everyone should know about this place beforehand. So if you are wondering if EthConnect is a scam then you are definitely going to want to read this over.
EthConnect is an opportunity that is very similar to Bitconnect and OneCoin. It is a platform that allows for P2P (person to person) transactions of Etherium Tokens, run off of Etherium blockchain.
With EthConnect you can stack, mine, trade, or lend these tokens.
They also have a referral program where you can earn money from people’s investments who you refer into this platform.
Whats The Point of This Place?
The whole point of people investing in this place is to make money. And for people to make money off of it then the price of each token has to increase. And for this to increase EthConnect has to expand and get more people buying tokens. So pretty much it will succeed if it is any good and will fail if it is not.
I really don’t see this place being any good. It provides a safe platform for transactions but I just don’t see this being enough for it to really grow in popularity. It uses Etherium blockchain. This has obviously already been done. It doesn’t really bring anything new to the table.
One Problem I Have
One problem that I have with this place that I think you should be aware of is that they really don’t tell you much about who all is behind this. In fact, they virtually tell you nothing. You don’t know anything about the creators of this platform, who they are, any credibility that they have…. nothing.
This doesn’t mean its a scam or anything but it definitely makes me a bit more suspicious and less likely to put my trust into this place.
What This Place Could Be.. BEWARE…
Have you thought maybe that this could be a ponzi scheme? Well if you have this very well could be the case. The reason for this is because they are a platform that relies on outside investors coming in and they aren’t all that transparent, as I just went over.
I have seen many other places similar to this with mlm referral programs like this that have turned out to be scams.
Their referral program goes 5 levels deep. This means that you can make money on the people you personally recruit in (level 1), the people that they recruit in (level 2), the people that level 2 recruits in (level 3), and so on…
The money that you will be able to make from these new members comes from the investments that they make.
And another reason why I think this very well might be a ponzi scheme is because when you refer new investors in you only make money from their investments. You don’t make any money with any other revenue stream this platform has. I think the reason for this is because investment is the main revenue stream.
My guess is that this is just a big ponzi where members make money getting other people to join and invest. And if it is this then you should definitely avoid it because when it comes to Ponzi’s most people will lose money by far. This isn’t a far fetched guess by any means. I have reviewed plenty of crypto ponzi’s including Xtreme Coin & Liberty Bitcoin System.
What Others With Experience Are Saying
I think its also smart for me to give you a glimpse of what other people are saying that have experience with cryptocurrency investment. And there is a forum called bitcointalk.org where people can talk about anything and everything having to do with cryptocurrency.
As you can see below one post was made on this forum called “ETHConnect is a scam” and literally everyone that commented on this post agrees with it being a scam.
Here is a screenshot of a couple of the many comments on it…
Conclusion on ETHConnect – Scam?
I really have no concrete proof that this place is a scam or not because I have not actually invested in it, nor do I have enough information on it. And I will never have enough proof because I’m sure as heck not ever going to invest in it and this place is very secretive and will likely never provide much information to the public. However… based on the many other similar scams I am going to assume that this is a scam until it proves me wrong.
But ultimately it is up to you whether or not you want to invest in it. If you do invest I would like to here back from you on how it goes. Keep me updated.
When it comes to making money online there are a lot more scams out there than legit opportunities that I can recommend. However…. gun to my head, what is the best program out there? This is it. I have been a member since 2015 and it took me from nothing at all to making a living online.
Questions or comments? Leave them below and I’ll get back to you ?