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HYIP stands for High-Yield Investment Program and Globalfinance.world is one. Anyways, it’s of note team Xycinews don’t always recommend HYIP Programs.

HYIP is essentially a Ponzi scheme – more often than not, a scam. It involves paying returns to earlier investors with money invested by new investors.

About Globalfinance.world

Globalfinance.world program is intended for people willing to achieve their financial freedom but unable to do so because they’re not financial experts.

Globalfinance.world is the investment platform trading futures, forex and other highly volatile assets on the stock and cryptocurrency markets.

Btcfair.io Review – Is Btcfair.io Scam or Legit

Globalfinance.world Review

1.1% daily for 15 days + principal return

All payments are made to your account Daily.

Minimum spend is $10 and maximim is $250.

You may have only one active deposit per account.

Use our referral program and earn up to 1.00% of referral deposits!

Is Globalfinance.world Scam or Legit

Always look out for the following before considering any online platform, expecially when your funds is involved. They below should help you.

  • Check if the site has a “contact us” web page
  • Avoid online Platforms that use free email providers
  • Check if the site shows info about its company (name, address, country)
  • Check if the site has an “about us” or “company” web page
  • Check if the site has a valid VAT or Partita IVA number (EU only)
  • Check if the platform is registered to increase trust rating
  • Don’t be fooled by offers looking too good to be real, if it looks too good to be true, pay attention.
  • Check if the site has an active social presence (Facebook, Twitter, Instagram)

Disclaimer

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

This article is strictly for enlightening purposes and a honest guide from our perspective.

There is no guarantee that you will make these levels of income after joining and you accept the risk that the earnings and income statements differ by individual activities.

Additionally, you can’t hold the administrator responsible even when it fails because it’s an online earning scheme with laid out Terms and Conditions.

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

@The Blogger Scientist 🕴 💼

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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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Review

Coop5050 Review – Is Coop5050 Scam or Legit

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One of the questions that we need to take a close look at is if the 50/50 Crowdfunding opportunity is a scam or not.

We wouldn’t want to join a company just to learn later on that it is a scam, and we end up losing all the time and money that we’ve invested in it.

We are going to take a look at the information on the company, the products, and the compensation plan to determine if it is a legitimate opportunity or not.

 

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 ♥️

 

Coop5050 Review

50/50 Crowdfunding is an MLM cycler company that you have the ability to earn money with online. The company provides a compensation plan model that you can earn money with using the popular GoFundMe crowdfunding type of service.

The idea is that you start by donating money to the person that invited you to the opportunity, then you refer people that donate to you.

You receive commissions when you fill a certain amount of donation spots on a Matrix.

 

Coop5050 Founder

The founder of 50/50 Crowdfunding is a guy named David T. Rosen.

The domain name “5050cf.com” was registered back in Aug. 2017, but the company was actually launched in Oct. 2018.

One, if not the first company David owned was called PIE 24/7 which was launched back in 2015.

Before launching 50/50 Crowdfunding, he launched a previous company called Cooperative Crowdfunding.

 

Coop5050 Compensation Plans

Coop5050 affiliates gift money to each other through eight-tiers of gifting payments.

Gifting payments in Coop5050 are tracked via a 2×2 matrix.

A 2×2 matrix places an affiliate at the top of a matrix, with two positions directly under them:

These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).

Positions in the matrix are filled by position purchases, made by existing and newly recruited Coop5050 affiliates.

Funds used to purchase matrix positions are gifted as follows:

  • $25 tier – gift $25 and receive 50% of $25 gifted in across six positions ($75)
  • $50 tier – gift $50 and receive 50% of $50 gifted in across six positions ($150)
  • $150 tier – gift $150 and receive 50% of $150 gifted in across six positions ($450)
  • $250 tier – gift $250 and receive 50% of $250 gifted in across six positions ($750)
  • $500 tier – gift $500 and receive 50% of $500 gifted in across six positions ($1500)
  • $1000 tier – gift $1000 and receive 50% of $1000 gifted in across six positions ($3000)
  • $2000 tier – gift $2000 and receive 50% of $2000 gifted in across six positions ($6000)
  • $4000 tier – gift $4000 and receive 50% of $4000 gifted in across six positions ($12,000)

Cycling appears to happen automatically so presumably upon completing a matrix, the initial gifting payment is subtracted to generate a new same-tier position.

 

Coop5050 Registration

Coop5050 affiliate membership is tied to a minimum $25 gifting payment.

Full participation in Coop5050 costs $7975.

Marketing copy on Coop5050’s website suggests gifting payments might be monthly recurring.

 

Coop5050 Login

Before you have access to Coop5050 login page, it’s obvious you must registered successfully.

To login Coop5050 only the below is needed 

  • User name  
  • Password

 

Is Coop5050 Safe and Credible

Coop5050 provides no information on its website about who owns or runs the company.

Coop5050’s website domain (“coop5050.com”) was first registered in 2018. The private registration was last updated on November 4th, 2020.

David T. Rosen first popped up on BehindMLM’s radar in 2015, as founder of the PIE 24/7 pyramid scheme.

In early 2018 Rosen launched Cooperative Crowdfunding, a matrix-based gifting scheme. This was followed by 50/50 Crowdfunding in late 2018.

In late 2019 Rosen rebooted 50/50 Crowdfunding as CoopCrowd. That brings us to the late 2020 reboot launch of Coop5050.

David Rosen is believed to run his various scams from Ontario, Canada.

 

Is Coop5050 Legit 

You gift in, that money is paid to existing Coop5050 affiliates. You then receive gifting payments from Coop5050 affiliates recruited after you.

The Ponzi element exists by way of gifting payments being made on the expectation of a 300% ROI.

Gift $25 and receive $75. Gift $250 and receive $750 etc.

Seeing as 71% of website traffic to Coop5050 is coming from the US, this brings the scheme under the jurisdiction of the FTC and SEC.

Gifting schemes are illegal as per the FTC Act. Ponzi schemes (securities fraud) are illegal as pert the Securities and Exchange Act.

As with all MLM Ponzi gifting schemes, once affiliate recruitment dries up so too will new gifting payments (investment).

 

Is Coop5050 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 Coop5050 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 Coop5050 on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

50/50 Crowdfunding is not accredited with the Better Business Bureau.

However, this does not make a company a scam or even a legitimate one in my opinion.

This is because the BBB has been to know to provide manipulated ratings and reviews that were supplied by third-party service companies to help better or worsen a companies rating.

I do tend to refer to the company information and also compare the reviews and testimonials the BBB has with other resources when they do supply that information.

 

Disclaimer

This Coop5050 Review Article isn’t aimed at defaming Coop5050 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 Coop5050 review.

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

 

 

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Review

Bingpay Review – The New Fintech App for Cheaper Payments

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What Is BingPay About

Bingpay is a fintech app that is introduced by Trilber inc. The app was launched in April and is already generating a buzz on social media for its unique approach in solving fintech problems and making payments easier & Affordable.

 

BingPay Review

According to the company, the app main goal is “Providing Internet access and online payment Affordable for everyone”.

Due to the severe economic situation in Nigeria, Data, Airtime or Decoders are income consuming as they are done every time and probably everyday. Also, Transferring money from bank to bank attract charges that are sometimes unbearable for the Citizens.

However, Creating a platform where Data & Airtime Purchase could be done at Cheaper rate and a P2P payment system that attracts no fee is not common.

Instead of using traditional 10 digits account number for sending & recieving money, Bingpay makes it more easier to do so by providing #Bingtag for its users. Infact, you don’t even need a bank account to use bingpay.

For Example Victor a college student needs financial support of N2000 from his parents, he wants to purchase data for browsing, or purchase airtime.

But he does not have a bank account or probably cant access the ATM spot for withdrawal. Using bingpay, he can request and receive money instantly and use the funds to purchase data at cheaper prices.

 

The Bingpay App Services

The major services of Bingpay are: Making bills payments for Airtime & Data services, Decoder subscriptions, Water supply & Electricity easy and at a discounted rates.

Another service is sending and receiving payments easily with just a username-like system called Bingtag, Similar to cashapp’s cashtag.

So, Imagine buying airtime at a discounted rate? You could save up some extra money to spend next time. 

The difference between Bingpay data services and other fintech app is the price. You can use the app to purchase your regular data plans but at a lower rate. 

Visit Bingpay now for more.

 

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Review

Synthetix Protocol Review – Trading Synths, SNX Token and DeFi Project

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Synthetics are undoubtedly playing a key role in the expansion and overall adoption of DeFi protocols and products. As the appetite for decentralization grows, these solutions will only become more popular and it will be interesting to see which become the go-to platforms for the next generations of DeFi users.

 

Synthetix Protocol Review

Synthetix is a protocol that enables the issuance of synthetic assets on the Ethereum blockchain, supporting fiat currencies, cryptocurrencies (long and short) and commodities. 

Originally launched as Havven (HAV), a decentralized stablecoin protocol, Synthetic rebranded and now offers users a wide variety of options for synthetic asset creation and on-chain exposure to real-world currencies.

 

Synthetix Protocol Founder

The Synthetix protocol was originally conceived as early as 2017 by Kain Warwick. Warwick is currently also a Non-Executive Director of blueshyft, a network of over 1,200 retail locations in Australia.

 

SNX Token

Basically, SNX is an ERC20 token and the native token of the SNX protocol. The SNX token was initially called the HVV token when the protocol was originally Havven.

At that time, the total supply of HVV token was 100,000,000, the team also raised  $30 million in ICO by selling 60 million HVV tokens in 2018.

To buy SNX, you can go to these 3 trusted crypto exchanges Binance, Coinbase pro and Huobi.

Also, you can store them on ERC20 token compatible wallets like; Ledger, Trezor, MyEtherWallet, Metamask, Exodus, etc.

SNX token is the strength of the entire Synthetix ecosystem, and they are used as collateral to mint the Synths.

Still on the Synthetic Protocol Review you can determine the value of SNX because when users mint synths, new SNX tokens are generated.

 

Staking SNX Token

By staking the protocol’s native SNX token, users can synthesize their own assets on the Mintr dApp; all Synths created by staking SNX tokens are backed by a 600% collateralization ratio, which is determined through community governance. 

Stakers are incentivized to create Synths through  receiving the rights to a fixed amount of inflation as well as fees on the trading of the Synth itself, but they also incur debt when they mint Synths and to unlock their staked SNX tokens they must burn a proportion of Synths they minted.

 

The Steps for Staking SNX

  • First, you have to buy SNX on any exchange and connect to a Web3-Wallet (e.g., MetaMask).
  • Then visit Mintr, Synthetix’s proprietary portal interface for embossing and managing synths.
  • Connect your web3 wallet to Mintr.
  • Click on ‘Mint’ and select the type of Synth you want to mint.
  • Take into account the 750% collateralization rate.
  • Enter the number of synths you would like to mint.
  • Click on ‘mint now.’
  • Confirm the transaction in your Web3 wallet.
  • After that, your SNX tokens will be clocked automatically.
  • You can now enjoy rewards generated from trading fees. Furthermore, you participate in the inflationary behavior of the SNX tokens.

 

Synths

These are synthetic assets e.g. (sUSD, sBTC) that anyone can mint on Synthetix.

Basically, what traders do on the synthetix platform is to mint and trade synths (synthetic asset) for profit.

However, to mint synths you will need to lock the the SNX token as a collateral. you earn rewards as incentives for staking SNX.

These rewards come in two ways;

  • From the exchange fee generated by the synthetix exchange
  • From the protocol’s inflationary monetary policy ( SNX generated from its debt poll, and distributed to stakers on weekly basis)

 

Is Synthetix Protocol Safe and Credible

Having received investment from several well known funds including Three Arrows Capital, Synthetix successfully completed their public token sale back in 2018 and has since received a further $12 million in investment from venture capital firms Coinbase Ventures, Paradigm and IOSG.

Synthetix (SNX) is one of the leading platforms in decentralized finance (DeFi). Synthetix itself is primarily a decentralized exchange but also a platform for the issuance of synthetic assets.

 

Is Synthetix Protocol Legit 

Importantly, I always warn my blog readers first not to fall for Ponzi schemes and other investment frauds inrespective of the model, either Smart Contract, MLM, Income program, HYIP Schemes etc.

This is because these platforms involve paying longer-standing members with money from new participants, instead of actual profits from investing or selling products/services to the public. 

Obviously, this cannot be sustained and will always collapse eventually in a space of weeks or months.

 

Conclusion on Synthetix Protocol Review

As one of the leading DeFi protocols, Synthetix has great potential. It is very successfully enabling users around the world to create and trade synthetic assets.

DeFi protocols such as Synthetix have experienced tremendous growth in recent months. Whether this is sustainable or not will, of course, only be seen in the future. But given the trillions of dollars pooled in the Central Finance Administration (CeFi), it is not far-fetched to assume that DeFi is in all likelihood still in its infancy. 

The market share that synthetic products on the blockchain will have could undoubtedly be significant.

 

Disclaimer

This Synthetix Protocol Review Article isn’t aimed at defaming Synthetix Protocol 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 Synthetix Protocol review.

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

 

LEGIT BUSINESS OPPORTUNITIES 🔻🔻

 

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