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NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Astro Trade Review

There’s not much to say when it comes to their reputation. From the look of things, the broker claims to have their address in the UK. This is false information, as the disclaimer at the bottom of the website claims otherwise.

The broker claims to be fully regulated by the Federal Trade Commission. These are lies that our team will expose with concrete proof. There’s no such company residing in the United Kingdom of the United States.

The States is another place where the regulator offers strict regulation to brokers. AstroTradeLimited is another scam platform trying to take a piece of the profitable trading market.

Scam artists will choose the ideal location to try and lure investors into signing up. In most cases, they choose the UK to attract European investors. Since the UK has strict regulatory guidelines, every broker wants to appear to adhere to these rules.

 

Astro Trade Investment

With each plan comes a bonus with each deposit a member makes. The basic account holder comes with a 50 percent bonus. Premium account holders get an offer of a 70 percent bonus, with VIP account holders getting a 90 percent bonus.

These are scam tactics to lure investors into depositing more funds with them. The industry has been aware of this and is ever becoming strict on brokers offering a welcome bonus. Please stay away from such brokers as they will later block withdrawals.

 

Astro Trade Founder

It seems that AstroTradeLimited is an anonymous online trading platform. That’s a concrete reason to stay away from them. Anonymity is the perfect partner for scam artists. There’s no way of tracking them.

According to the disclaimer at the footer of their homepage, Astro Trade Limited is a private company. However, it’s important to note that there’s no information on their whereabouts. The contact page lists a UK phone number which rarely goes through.

 

Astro Trade Withdrawal

According to the homepage, there are more than 100 payment methods. Some of these include Bitcoin, FasaPay, MasterCard, Neteller, Skrill, WebMoney, and more. Before depositing with this platform, you should read their withdrawal policy.

We did notice that the liability falls on the member in the event of withdrawal issues. This is just the broker’s way of refusing to allow withdrawals on time. There’s a high chance this broker rarely allows any withdrawals.

There are two platforms on offer as the broker claims to have a secure trading platform. You can download their platform from their website, although the link was broken. The web platform has no intuitive features to help give users an advantage.

 

Astro Trade Referral Program

For every online platform, the referral model follows a pattern, all company wants to promote its product, app or site so they offer all potential users the opportunity to share their link, make a new member, and earn a bonus as reward.

The same model is applied on the Astro Trade site. After a successful sign up or registration, you proceed to login to be enable to share your referral link, make new membership and earn a referral bonus.

 

Is Astro Trade Scam

Astro Trade Limited is not a legit trading website as it lacks any regulation. The claim at the disclaimer at the footer of their homepage is false. The Federal Trade Commission has no broker licensed under this name.

If they did, we would have their license number. You should also notice that there’s no document to prove their legitimacy. A legit broker will post copies of their license certificates for all to see.

Without these documents, there’s no way a broker can claim to be fully regulated. Investors must note that in the United States, a broker must deposit $20 million with the regulator. The funds protect investors in the event of bankruptcy or insolvency.

There’s no way this broker has made such a huge deposit. These scam brokers don’t walk the talk, and they are only interested in your funds. Stay away from this imposter of a broker.

 

Is Astro Trade Legit

Astro Trade Limited is a scam website that is promising users 10,000 percent in profit. Not unless you’re new to investing; this is highly unlikely. AstroTradeLimited is the latest scam to offer insane profit margins. 10,000 percentages of profit are just out of this world.

No commodity offers such a high-profit margin, even Crypto. And this goes to show the rot that is taking place within the platform. Get to know more in this eye-opening ASTRO TRADE LIMITED Review.

 

In Summary – Is Astro Trade Legit or Scam

There’s no safety of funds from a broker who fails to have a legit trading license. Once you deposit with this broker, you are ideally kissing your money goodbye. With no one coming forward with any proof of making a profit, you better stay away.

The platform is also not complying with industry rules. If the broker winds up, no one should expect any compensation. There’s no deposit cover to protect investors.

 

Disclaimer

This Astro Trade Review Article isn’t aimed at defaming Astro Trade nor is it targeted to promoting them.

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Astro Trade review.

Team Xycinews is no third party and we can’t handle any queries whatsoever.

 

 

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Leaks

Torum Review – Is Torum Scam or Legit Blockchain Social Media

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Over the past several years we’ve seen a number of social media platforms built on blockchain technology. These platforms, like Steemit and Hive and Synereo, all advocate for data-privacy and free speech, which is great, but their features and messages haven’t seemed to resonate enough with the broader crypto-community.

 

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Torum Review

Torum is built on the notion that there is one thing that interests and draws cryptocurrency users more than any other. That’s cryptocurrency and blockchain technology of course.

By focusing on this discovery Torum is working on making itself the very first crypto-focused social media platform. By placing the focus on blockchain technology and cryptocurrency Torum is forming a community that’s primarily made up of cryptocurrency users. 

And they believe that as that community grows it will create a network effect that draws even more cryptocurrency enthusiasts and blockchain projects to the Torum platform.

Torum has also distinguished itself by eschewing the traditional blogging platform approach and creating a platform that has a better interface for users, and improved scalability for its features and functions. 

Torum’s development team believes that as it grows it can easily scale and grow its ecosystem, and that this scalability will also allow it to easily integrate new features that benefit its crypto-enthusiast users.

 

How To Earn XTM

There are a number of ways you can earn XTM, but by far the easiest is to simply log into Torum each day and collect the daily mission reward for logging in. 

That will get you 7 XTM through the course of the week, and at the end of the week you’ll also be eligible to complete the weekly mission “Stay active for 7 days consecutively” and you’ll receive an additional 40 XTM.

There are other missions available, but those will take a bit more time and effort when compared with the daily and weekly login missions. Of course every XTM earned is far more valuable than the time spent on one of the centralized social media platforms, where you’re simply there to help them earn advertising money.

 

XTM Token and Tokenomics

XTM is the native token of Torum. Initially conceived as an ERC-20 token, the team has instead decided that XTM will be released as a BEP-20 token on the Binance Smart Chain, with a bridge enabled for cross-chain swaps on the Ethereum blockchain. 

As mentioned previously, token utility is one of the problems facing crypto projects, particularly when the market enters a bear period. To address this issue Torum has created XTM as the primary medium of exchange across the entire ecosystem. 

The XTM token is designed to be the backbone of the ecosystem, creating a consistent value-driven network for all XTM holders.

  • Buying & Selling in Torum NFT Marketplace. The Torum NFT Marketplace is planned to become a one-stop gateway for the Torum community to list and trade NFTs using XTM.
  • Gain access to DeFi-related services on Torum Finance. Torum Finance is envisioned as a DeFi Portal that will provide the Torum community with the ability to use XTM for a variety of DeFi services such as lending, staking, farming and token swapping.
  • Boosting a Post or Thread Content. Boosting posts and threads allows Torum members to promote their post or thread on top of the home page of the community by spending XTM.
  • Bidding Advertisement Slots. Advertisement Slots are precious spots that anyone can bid to showcase his/her project, business, NFTs or other crypto-oriented services using XTM.
  • Performing in-game purchase in Mining Simulator. The Mining Simulator is an in-house developed game that allows the Torum community to perform mining in exchange for 10% of the ecosystem’s quarterly XTM profit.

 

 

Is Torum Safe and Credible

The entire platform is driven through the utility of the native XTM token, which was created as an ERC-20 token, and will now be issued on the Binance Smart Chain as well. 

The XTM token has many different use cases on the platform, which we’ll go into more detail about later in this review.

Already there are plans for a community NFT marketplace, a mining simulator, a mobile app, and a DeFi platform. 

With the project currently still in private beta anyone joining now can consider themselves an early adopter, and as we have all learned it’s the early adopters that reap the greatest benefits when a project becomes popular.

 

Is Torum Legit 

As we’ve seen during the crypto bear market, the failure to capture significant market and community interest is the primary reason that most blockchain projects die or simply fade away. Torum believes this can be avoided by building an entire ecosystem on top of the social media platform.

A social media platform should be able to maintain community engagement in a number of ways and by bringing together all the cryptocurrency enthusiasts worldwide into one ecosystem Torum will build a platform that will reach the necessary critical mass to become self-sustaining.

 

Is Torum Scam

The integration of a social media platform expands the synergizing potential among all the components of Torum’s ecosystem. Below are some examples from the Torum whitepaper of how a social media platform contributes a compounding value-adding effect:

  • Artists can spread their artworks from Torum NFT Marketplace and promote them directly on social media.
  • The community can gain access to a variety of DeFi services like token swapping and liquidity farming on Torum Finance without involving any non-ecosystem projects.
  • Project supporters can maximize their chance of voting a new “Favourite Coin” successfully through “Promoted Post” and “Ad Slots”.

 

In Summary – Is Torum Legit or Scam

The Torum project is undeniably very ambitious, and it is off to a good start, however there are many unfinished features already, such as the Mining Simulation and Premium Features, and the team is already announcing they will add an NFT Marketplace and a DeFi platform. All while migrating the entire ecosystem to the Binance Smart Chain. With 18 team members.

I would never shoot down optimism and confidence, but maybe the team has more on their plate then they can comfortably swallow? Perhaps some of their ambitious ideas need to go on the back burner while they continue to flesh out the actual social media platform and the features that go along with it.

Or maybe they will go on a hiring spree so they can accelerate development progress. That would work as well if they had one team for core development, another small team for NFT Marketplace development, and a third small team for DeFi development.

Of course everything remains in private beta as well, so maybe there’s no rush.

I also take issue at the development team taking 25% of the total coin supply for themselves. It seems excessive and unnecessary.

 

Disclaimer

This Torum Review Article isn’t aimed at defaming Torum nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Torum review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

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Leaks

Polymath Review – Is Polymath Scam or Legit Security Token

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Polymath seeks to accelerate the interest and growth of security tokens in the blockchain space.

It has succeeded with this by setting up a standardized SEC compliance framework for the creation and management of security tokens.

 

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Polymath Review

Polymath is a decentralized platform founded in 2017 to power the issuance of Security tokens.

Security tokens are digital representations of traditional assets, such as, equity, shares etc, that are traded and held on a blockchain.

What makes these assets ‘securities’ is that they are regulated, with governing bodies across the world dictating how they can be issued, managed, and exchanged.

The project is built on the Ethereum network but plans to move to Polymesh soon.

Polymesh is the native blockchain of Polymath built based on Parity Substrate. As of March 19, 2021, Polymesh is still in the testnet.

 

Polymath Security Token Project

For Security Tokens to reach their full potential, there must be an agreed regulatory framework upon which they are deployed.

Although the Ethereum blockchain allowed for the creation of security tokens, it does not have a set standard on which they should be created.

This was quite challenging and resulted in inefficiencies with the security tokens created on the ETH network.

However, the Polymath technology has resolved this through their ERC1400 – the Security Token Standard.

 

Is Polymath Legit 

Polymath seeks to accelerate the interest and growth of security tokens in the blockchain space.

It has succeeded with this by setting up a standardized SEC compliance framework for the creation and management of security tokens.

This set standard is what we have today as ERC1400, referred to as “The Security Token Standard”.

Polymath allows security tokens to be created and managed directly on its platform. Polymath has helped companies tokenize their asset, and over 130 security tokens have been issued using Polymath technology.

 

Is Polymath Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

  • Do you think Polymath is scam?
  • How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Polymath on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

 

Disclaimer

This Polymath Review Article isn’t aimed at defaming Polymath nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Polymath review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

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Leaks

Passivecash.io Review – Is Passivecash.io Scam or Legit 2000% Profit Project

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Passivecash.io is one of the investing programs working through mining crypto coins in order to have profit for their investors as well as themselves.They are working with Bitcoin, Etherium, Bitcoin-Cash, Litecoin, PerfectMoney as their payment systems. passivecash.io review has more details about this program for you.

 

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

 

Passivecash.io Review

passivecash.io is one of the investing programs working through mining crypto coins in order to have profit for their investors as well as themselves.They are working with Bitcoin, Etherium, Bitcoin-Cash, Litecoin, PerfectMoney as their payment systems. passivecash.io review has more details about this program for you.

 

Passivecash.io Investment

  • 144% after 30 days (0.2% in hour)
  • Minimum : 3 $ – Maximum: 15000 $

 

Is Passivecash.io Legit 

Look around the website. It makes deceptive statements such as our passivecash.io team is specialized in this and that. But it’s funny that not even one member of the team was mentioned.

Ponzi platforms try to claim to be actual businesses without providing any explanation. Passivecash.io is no different. It claims to invest in Defi. Defi means decentralized finance and it’s an awesome application of blockchain technology. But come on, we all know that’s not what passive cash does. And how you know is simple. It does not explain what Defi platforms it invests in. 

Passivecash.io says in “…12 months, we have made a profit of over 2000%.” In 12 months? Wait a minute. Has this platform been around for 12 months? 

The platform was just launched on March 9, 2021. Isn’t that less than 2 months ago? So what’re the 12 months they’re talking about? Oh my gosh, I’m done with this people? I can’t say anything more.

Information about a website’s domain name that shows when a domain name was bought and for how long is usually public for most companies since it’s not sensitive information. But understandably scam platforms like passivecash.io take steps to hide theirs.

 

Is Passivecash.io Scam

Just before I conclude this review, let me mention something funny I found in the faq section of the website. One of the answers reassured users that hackers will never have access to user funds on the platform. Lol… Someone tell passivecash.io that no one is worried about losing funds to an external hacker. 

We are more concerned with the enemy within which is passivecash.io management themselves who can do whatever they want with your funds without the stress of hacking. What happens when they eventually pull an exit scam considering we don’t have the identities of its founders.

 

Disclaimer

This Passivecash.io Review Article isn’t aimed at defaming Passivecash.io nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Passivecash.io review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

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