I’m sure you’ve probably come across the word “Bonds” before. Either in the news, online or on the pages of a newspaper. I can also guess when you try to figure out more about it, they just confuse you the more with all the financial jargons you are so not interested in.
I’m going to try to explain in such a way even a dummy would understand it. I hope and do at the end of this blog. If I start to sound like one “over sabi” guy please let me know.
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 ♥️
Generally, Bonds are simply a term for loans that you give to the Federal Government, State Government, Companies etc. You may say you have just N10k to save a month from your salary and wonder how that helps the government. Imagine that there are 1million people with N10k to save, that transcends to N10b already. Also have in mind that the money the banks actually lend are money deposited by you and I.
So you and I are the major source of money for government, banks, corporations etc. That is why they tax us, pursue us to open accounts, and pressure us to buy their goods.
Bond issuers (borrowers like the government) typically attach a coupon to the Bonds. Coupon is basically interest rates attached to the Bonds issues. For example, the Government can issue a bond for say N10b, 10year bonds at a coupon of 6%pa. What they mean is that they want to borrow N10b from the public and are willing to pay 6% interest rate for it per annum for a period of 10years.
Usually they pay you the principal amount at maturity meaning at the end of 10years and sometimes they can have the option to “call back” which basically means the can pay you the principal before the 10 year period. Bonds with “Call Back” are always clearly stated in the prospectus.So, in a nutshell if you borrow them N10k, you form part of many others who must have lent them as well. They pay you N600 per annum and pay you the N10k a the end of 10 years.
While documenting this Kreddit.io 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.
Kreddit.io provides no verifiable information about who owns or runs the company on its website and they ignored all our messages.
Kreddit.io Registration on the site isn’t so complicated, but it’s really necessary to have the below information handy is a as it might be needed of you.
- Email Address
- User Name
- Phone Number
- Contact Info
Before you have access to Kreddit.io login page, it’s obvious you must registered successfully.
To login Kreddit.io only the below is needed
- User name
Is Kreddit.io Legit
The beauty of Kredddit.io bonds is that you can exchange them just like shares. You can decide to sell your bond on the bond market if you want your money back.
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.
Is Kreddit.io 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.
Currently, we can’t verdict they are legit but we are sure they ain’t scam.
In Summary – Is Kreddit.io Legit or Scam
Well yields are basically interest on traded bonds. In my previous illustration I explained that the government pays you a coupon of 6%pa on your N10k bond. Since we understand that bonds are tradable, supposing the value was 9k at the time you sell the bond. It then means whomever buys it will earn N600 on the N9k he paid out.
Thus his actual interest otherwise called yield is 600/9000 = 6.66%. So he gains an extra .66% and still gets to get another N1000 if he decides to wait till the maturity of the bond. They often say the yield of a bond moves in opposite direction to the value. Just as above, as the value dropped to N9k the yield increased to 6.66%.
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)
This Kreddit.io Review Article isn’t aimed at defaming Kreddit.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 Kreddit.io review.
Team Xycinews is no third party and we can’t handle any queries whatsoever.