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Promising to pay over 1 million and still counting Nigerians for referrals seems so impressive.

Ask yourself, how many persons has joomta paid ? Did anyone in person claim the payment? 

Well, I believe you already asked yourself before reading this. 

Welcome to the story of Joomta Payment Proof. But before hitting the nail on the head, let get an overview.

Is Joomta Legit or Scam?

 

This is an overview before the main payment proof. I will encourage you read this section carefully, comment if necessary, and also remember to share 👍 .

Note, the full information about joomta is on link.

 

  • Over the years, we have reviewed lot of programs that looks like Joomta. Some acted true to the end, while many folded out.
  • Joomta unlike other Nigerian online scheme is free, 100% free and this reduce their trusted rate.
  • A platform that is assumed to pay million of users over 40k monthly will certainly be runned by a philatrophist or big business tycoon.
  • Sites like this target at making huge traffic from referrals and manipulating when it comes to payment.
  • They claim to earn from adverts and promotions, well this isn’t a good kickoff.
  • Joomta though growing fast, is yet to have earns very little from advertisement.
  • So sad, users are automatically forced to spam their friends and family with referral link in a bid to get paid.
  • Joomta has no legal office and official working hour as an organization.
  • Joomta is not a registered and license organisation. We will update this section if they meet the above mentioned.

 

Joomta Payment Proof.

 

Currently, I have searched all social platforms and web images for a legit joomta payment proof. The proof I have seen are not authentic.

Anyone can transfer N40,000 out and claim he has paid someone, then repeat the process for a couple of person and circulate the image.

That is the strategy.

Joomta has never paid anyone from legit end observation.

Apart from me, am sure hundreds of Nigerians are also anticipating for joomta legit payment proof.

If you have being paid, comment below.

 

Joomta Review – Fake Address And Contact Information

 

Until an accurate address and contact information is provided, there is no prove of them being a legal organisation.

Joomta is a Nigerian based site, bought under Namecheap Inc. They claim their address is at Panama. P.O. Box 0823-03411. This is just a big lie.

As a Nigerian based site, the contact number is supposed to start with (+234), but that is not their domain purchase contact.

Their purchase contact is

Phone = +507.8365503
Fax = +51.17057182

 

Read Detailed Review About Joomta Legit or Scam Here.

 

Disclaimer

Team Xycinews will update this article if need be.

 

Sharing is Appreciation 👍

Commenting is Love 💕

 

 

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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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9 Comments

9 Comments

  1. TIMMY

    March 22, 2019 at 7:00 am

    YES YOU ARE RIGHT

  2. Ercross

    March 22, 2019 at 8:14 am

    I was so skeptical of their ill cooked up lie. Any right thinking business person wouldn’t model a business in such a way. They claimed to earn from adverts. What will make registered user keep visitation the site on a daily basis when there is no reward for daily visits.

  3. Ayeni Adeyinka yakub

    March 24, 2019 at 2:51 am

    What annoys me most is when u forget ur password thats the end they will claimed to have sent a link to ur email,a very big lie
    Another one why i believe they are scam is this telling me that i have to refer at least 5peole a week for the four weeks that is in a month or less no payment Even though i refer 100 peole in that month and it happens that one out of the week is less than 5. Can u just imagined

    • Xycinews

      April 1, 2019 at 5:20 am

      That is what am saying. Share the article

  4. Ibanga udoakang

    March 28, 2019 at 8:31 am

    What am seen is joomta is a real organization that want to help people from poor factors to a rich factors that is why I decided to join and believe it wll be real for live am proud of being a member

    • Xycinews

      April 1, 2019 at 5:25 am

      We are not objecting your decision.
      But Xycinews still claims Joomta is SCAM.
      THANKS

  5. Pingback: Stop and Read This JOOMTA Review - Is Joomta.com Scam or Legit! - Xycinews

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Review

Mirror Protocol Review – Is Mirror Protocol Scam or Legit Synthetic Asset Issuance

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Unfortunately asset tokenization has some real issues in terms of regulatory pressures and the technology necessary to make them work properly. Because of this early projects ran into regulatory issues and problems with incompatible technologies. 

Some early projects have focused primarily on digitizing physical assets such as real estate and gold, and these have seen a modicum of success.

Moving into the current blockchain industry we can see a trend towards tokenizing more abstract assets such as stocks and bonds. 

The ongoing DeFi revolution has created a tsunami of new products, primarily in two categories: Asset-Backed Tokens and Synthetic Assets.

 

Mirror Protocol Review

The Mirror Protocol promises the ability to trade equities (U.S. equities currently) 24/7 anywhere in the world by any person. The project does this by minting synthetic assets, or what they’ve named Mirror Assets (mAssets). 

It was created by and runs on the Terra Network, and is powered by smart contracts. The way they are designed, any mAsset created is meant to mirror the price behavior of the underlying represented real-world asset.

The mAssets created by the Mirror protocol are synthetic versions of their real-life counterparts. They mimic the price of the underlying assets, and can be traded on secondary markets just like the underlying assets.

The whole system is governed using the MIR token, and it is also used to incentivize staking to secure the system. There are five primary users in the Mirror ecosystem:

  • Traders
  • Minters
  • Liquidity Providers
  • Stakers
  • Oracle Feeders

 

Traders

This is the largest group of Mirror users. They are the ones buying and selling mAssets using the Terra UST stablecoin as a peg. This is done at Terra’s Terraswap AMM or at the Uniswap AMM run on Ethereum.

 

Minters

This is the group responsible for the creation and issuance of the mAssets. These mAssets are created by locking up collateral at an overcollateralization ratio that’s set by the governance parameters of Mirror. It works in a similar manner to the issuance of DAI by Maker.

 

Liquidity Providers

This group supplies the liquidity needed by AMM pools. In a similar fashion to Uniswap, the liquidity providers put in an equivalent value of UST and the mAsset at the AMM and as a reward they receive LP tokens that are funded by the trading fees of the pool.

 

Stakers

There are two types of stakers found on Mirror. The first are the liquidity providers who are able to stake the LP tokens they receive and receive staking rewards in the form of native MIR tokens based on the emission schedule.

 

Oracle Feeder

The Oracle Feeder is crucial to the Mirror ecosystem since it is the mechanism used to ensure that the mAssets retain a match with their underlying assets. The Oracle Feeder is an elected position and as of February 2021 the position is operated by the Band Protocol.

 

Mirror Protocol Terraform Labs

Because Mirror Finance was created by Terraform Labs and runs on the Terra Network it is important to know the background and who Terraform Labs is.

Terraform Labs is a company based in South Korea that was founded in January 2018 by Do Kwon and Daniel Shin. With $32 million backing from large venture capital firms such as Polychain Capital, Pantera Capital, and Coinbase Ventures they soon released the stablecoin LUNA.

 

The MIR Token

The MIR token is the native token of the Mirror Protocol and it is used for governance, for staking, and to reward liquidity providers. The rewards paid out come from the fees that are paid for closing positions on mAssets, for creating polls, and trading fees.

Mir was created with a fixed supply of 370,575,000 tokens, all of which will be released over a period of four years. Those who wish to earn MIR tokens can do so in three different ways:

  • By staking $LUNA, this requires the use of the Station Wallet desktop app.
  • By providing liquidity to MIR/UST pair.
  • By providing liquidity to any mAsset/UST pool pairs (non-BNB)

 

Is Mirror Protocol Safe and Credible

The Mirror Protocol went live on December 3, 2021 and has seen excellent adoption in the short time it’s been in existence. In addition to the web app that allows for trading, minting, staking, and governance, there’s also a mobile app for trading.

Additionally, Mirror has created bridges to Ethereum and to Binance Smart Chain that allows for seamless porting of mAssets between the chains. The Ethereum bridge was the first ever cross-chain bridge for synthetic assets.

Mirror has been very active in creating partnerships during its first two months of existence, and we would expect that they will continue spreading the availability of mAssets to as many platforms as possible, increasing liquidity and the user base as they go.

 

Is Mirror Protocol Scam

Governance in the Mirror Protocol is controlled by the MIR token. Anyone who is staking MIR tokens can participate in the governance of the system. 

The voting power of the user is determined by the amount of MIR that is being staked, and the more MIR staked, the greater the voting power.

It’s possible for anyone to create a new governance proposal, known as a poll, and in the first month of its operation Mirror saw 50 forum proposals and 60 on-chain proposals put forward. 

Note that in order to make a proposal it is necessary to stake a deposit of MIR tokens and if the proposal is not adopted that deposit is forfeit.

Having the ability to tokenize any asset and trade it freely from anywhere in the world at any time of the day or night is an amazing lead forward for finance. It allows people to enter markets they otherwise would never have access to, and it levels the playing field in terms of financial freedom.

 

Disclaimer

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

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

 

Continue Reading

Review

Akropolis Review – Is Akropolis Scam or Legit DeFi Lending Aggregator

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Akropolis Review

Akropolis Decentralized was formed with a goal of creating a distributed savings and pension fund, but it has grown into so much more than that. It began with the AkropolisOS framework, which is for creators to make financial protocols, dApps, and DAOs.

The complete toolkit allows for the creation of smart contract driven decentralized finance products. Using AkropolisOS, developers are able to create platforms that allow users to invest, lend, save, and earn from their staked cryptocurrencies. It has even delivered a way to create under-collateralized loans, which is a unique spin on DeFi.

 

Akropolis Protocols

Akropolis protocol are several layers, with each responsible for the following separate functions:

  • Identity Management module (IM)
  • Accounting module
  • AFO maintenance and Governance Module
  • Network Governance module
  • Payment processing Module (C2FC Framework)

These features were included so that Akropolis can facilitate development of Autonomous Finance Organizations (AFOs). These are public or private entities that interact with internal and external capital providers (via pooling) and other stakeholders.

A Sparta pool member is able to request an undercollateralized loan by providing 50% of the collateral for that loan. The other 50% must then be staked by other DAO members.

 

Akropolis Founder

Ana is the CEO of Akropolis and a co-founder of the project. She is a University of Oxford graduate and brings a strong background in asset management to the project.

She has worked for a number of investment/fund management firms including Lehman Brothers before co-founding her own funds – Byhiras and Apiro Capital. 

In the past she held the position of Advisor to the Web3 Foundation, and was previously an Advisory Board Member for OpenMaker.eu which is an EU funded industrial incubator.

The entire Akropolis team is fairly small, and features a good deal of tech talent. The team includes CTO and Lead Developer Alexander Mazaletskiy who received a PhD in Automation and Machine Learning and has been involved in the blockchain space since 2010.

 

Is Akropolis Safe and Credible

Like so many DeFi protocols Akropolis was initially implemented on the Ethereum blockchain. However, it is able to be implemented on any blockchain with a Turing-complete virtual machine.

The AkropolisOS is the cornerstone of the project, built as a modular framework using OpenZepplin SDK and rooted in Façade software design. AkropolisOS was created to allow developers to set up and manage a DAO quickly, while also allowing for a diverse range of customizable features.

Akropolis has also built on Substrate, which led to the Polkahub and Polkahub Bridge solutions that integrates Akropolis with the Polkadot ecosystem.

 

Is Akropolis Legit 

With many of the Akropolis projects becoming open source and fully community governed it will be interesting to see how they fare. As the only platform that allows undercollateralized loans, Sparta shouldn’t have any problem surviving. 

And the possibilities inherent in the AkropolisOS are far greater than simple community banking and savings. I believe there are many other use cases that could spring from AkropolisOS.

Akropolis is still in the very early stages of its development, and it’s impossible to say what it might become in 5, 10 or 20 years time. 

With a growing community and the early implementation of new dApps the project seems to be gaining a life of its own, which is of course necessary for a DAO project to flourish.

 

Is Akropolis 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 Akropolis 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 Akropolis 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 Akropolis Review Article isn’t aimed at defaming Akropolis 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 Akropolis review.

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

 

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Review

Maizap Review – Is Maizap Scam or Legit Explained

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The purpose of the platform was to provide access to investment and financial management of depositors by investing money in cryptocurrency, foreign currency, stocks, and also provides commercial loans to companies from diverse sectors.

 

Maizap Review

Maizap is a fund with open-ended marketing, which will allow you to earn from 3% to 4% per day. The platform has a high-quality technical implementation, accepts deposits in dollars and

cryptocurrencies, and also provides the opportunity to earn on a two-level referral program.

These are plans with a daily yield of 3% and 4%, which offer earning profits for an unlimited period.

The plans are designed for different investors: one of them is a more democratic one and is available with deposits from $20, the second one will interest depositors with more solid sums.

An interesting feature of marketing is that for each of the plans it has its own referral program.

  • Profitability: from 3% to 4% per day
  • Investment period: unlimited
  • Deposit amount: from $ 20-20000
  • Breakeven exit: from 34 to 25 days
  • Profitability per month: 90%-120%

 

Maizap Investment

  • Deposit limits: from $20 to $100000.
  • Accept payments: Bitcoin, Ethereum, Litecoin, BitcoinCash, Dash, Perfect Money.
  • Commission for transactions: none (keep in mind the commission of payment systems).
  • Minimum withdrawal: $1.
  • Profit withdrawal: up to 72 hours (on weekends withdrawal is not carried out).
  • Referral program: the commission of 4%-1% for an investment from $20 to $5999, the commission of 5%-1% from $6000 to $100000.

 

Maizap Founder

While documenting this Maizap review, I did my best to search and found no information on the founder of this platform.

I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.

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

 

Is Maizap Legit 

This platform is currently rated as scam.

 

Is Maizap Scam

Always look out for the following before considering any online platform, expecially when your funds is involved.

  • Check if the site has a “contact us” web page
  • Avoid online Platforms that promises huge ROI.
  • 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 and certified to increase trust value.
  • Don’t be tricked by offers looking too good to be real, if it looks too good to be true, it could be a bait.
  • Check if the site has an active social presence (Telegram,Facebook, Twitter, Instagram)

 

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