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Ltcminer.com is allegedly a cloud mining platform. You have to enter your LTC address then start mining.

The company claims it is the leading LTC mining pool in the industry. Their mining power is stored by physical miners.

Welcome to Xycinews Media, this article about ltcminer Review was written after my research and coming to know users are searching for keywords like;

  • ltcminer Review
  • Is ltcminer Scam
  • Is ltcminer Legit
  • How does ltcminer Work
  • Who is ltcminer founder
  • ltcminer Referral System
  • ltcminer Registration & Login

And so on…. Nonetheless, I might not have the exact response to all the above entries at the moment, but this article is well detailed.

 

JUST READ TO THE END PATIENTLY..!!

 

If you want more information and get to know ltcminer better, I encourage you to kindly take a few minutes to read this article calmly because I have gathered the best of information in well outlined paragraphs to help you understand and the table of contents to help you navigate the post.

 

ltcminer Review

LTCMiner is another Ponzi scheme in the industry that you should be cautious of. The company has been in the market for a long time but do not create confidence with the crypto community.

The company allegedly has a goal to keep the mining expenses low, and their mining power high. They offer you a deal of making more returns with a short duration.

The platform promise users that they can generate a daily return of 0.0006 LTC. If you upgrade your Litecoin Miner, you will receive 15 LTC per day.

 

ltcminer Founder

While documenting this ltcminer 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.

The anonymity level the company is observing raises red flags. Without any personal info, the mastermind of this fraudulent platform will continue scamming investors, and the authority cannot arrest them.

You should avoid investment companies that are not regulated, and that the team and founders are operating behind the scenes. The safety of your money should be your major concern.

 

ltcminer Investment

For you to earn mote LTC, you need to upgrade your investment plan. LTCMiner has four investment plans.

The first package offers 10 times returns to their clients. You can mine up to 0.0014 LTC in a minute, and 0.2 LTC per day.

The second plan is version 1.2; it offers 50 times returns. The pyramid scheme promise users 0.007 LTC per minute, and a total of 1 LTC per day.

The third plan has an absurd reward of 200 times, 0.002 LTC per minute, and 2.5 LTC per day. If you are keen enough, you will realize the amount is ridiculous.

The final plan is version 1,4. It offers to earn 1000 times, and they promise investors returns of 0.15 LTC per minute and 15 LTC per day.

Litecoin Miners grant users 20% commission for their first referral, 30% for their 2nd plan, 40%, 50%, and 100% for their 3rd to 5th plan, respectively.

 

ltcminer 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.

You will get a 20% commission when your referral upgrades their plan. Investors can as well increase their affiliate up to 100% by upgrading LTCMiner.

The only people that benefit from these Ponzi schemes it’s their shady marketers. Pyramid scheme uses the money of their new investors to pay off their pioneer clients.

 

Is ltcminer Safe and Credible

Investors’ money is not safe in this company. It is a pyramid scheme that should be avoided at all costs. The company owner’s information is hidden from the public.

As an investor, you need to know the people you are trusting your hard-earned money. Investment platforms should avail adequate data entailing the benefits that you will have once you believe them.

Unfortunately, Ltcminer.com only cares about the deposit you make into their account. There is nothing legit about their operation. They offer ridiculous profits, but they do no care to provide evidence of payment.

 

Is ltcminer Legit 

LTC Miner is a pyramid scheme that you should keep off at all costs. In their website, they state that they are utilizing the latest algorithms in the industry that help them mine as many Litecoin as they can.

Unfortunately, the platform does not have a tangible financial narrative to prove they are offering any mining services.

The company has a section that shows their recent payout in their system. The information is to create transparency and entice investors to deposit their funds in the shady platform.

The suspicious platform claims to be a registered entity under company number 009951039. Their office address is 20-22 E Wenlock Road, England, London, N1 7GU.

However, LTCMiner is operating illegally. For any investment company to work in the UK they need to have a license from FCA.

Sadly, the platform is not in the financial watchdog cluster. This should tell you the type of entity they are; LTC Miners can exit the market at any time of their will without the law tracing them.

 

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

 

In Summary – Is ltcminer Legit or Scam

Anyways, team Xycinews can’t pronounce ltcminer scam or legit but we will give you all the important information at our disposal to help you decide best because it involves you and your funds and we ain’t ah third party.

Don’t conclude from what you’ve read alone, make research additionally to make your firm. 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)

 

Disclaimer

This ltcminer Review Article isn’t aimed at defaming ltcminer 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 ltcminer reviews.

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

 

@The Blogger Scientist🕴️

 

SHARING IS LOVING 💕

Bitlocity Review – Is Bitlocity Scam or Legit

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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Dessii Media Investment Review – Scam or Legit 55% ROI Platform

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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 ♥️

 

Dessii Media Review

It is an Affiiliate and Investment platform which pays members 55% roi both simple and compoundly by engaging into forex, real estate, international trade and other back up investment enterprise.

To stand out different, you don not need to do anything on Dessii, just invest and relax for either 30 or 120 days depending on the plan you choose.

 

Dessii Media Investment

  • DIAMOND N300K (N465,000)
  • Copper N10K (N15K)
  • BRONZE N20K (N31,000)
  • SILVER N50k (N77,500)
  • SILICON N100K (N155,000)
  • GOLD N200K (N310,000)
  • JEWEL N500K (N775,000)
  • PEARL N1M (N1.55M)
  • RUBY N2M (N3.1M)
  • AMBER N5M (N7.55M)

 

Dessii Media Withdrawal

Once you earned and reached the duration for withdrawal, kindly visit your dashboard and fill the withdrawal form. Withdrawals are processed within 24-48 hours upon applying for withdrawals.

 

Dessii Media 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 Dessii Media site. Dessi Media provides another opportunity to earn on the platform through the referral system, you earn a huge referral commission when you bring someone to join the platform with any of the packages, each package has a different referral commission.

  • Copper – N500
  • Bronze – N1000
  • Silver – N2500
  • Silicon – N5000
  • Gold – N10,000
  • Jewel – N25,000
  • Pearl – N50,000
  • Ruby – N75,000
  • Amber N100,000

 

Dessii Media Registration

Dessii Media 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  
  • Password

 

Dessii Media Login

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

To login Dessii Media only the below is needed 

  • User name  
  • Password

 

Is Dessii Media Legit

In ascertaining the credibility of a platform before outrightly assuming that Dessii Media is scam or Dessii Media is legit is very discreet, this makes a lot of factors even the slightest one so so important.

A legitimate Platform will have contact details on its site. If it is just a web contact form, without an address, email, and phone number you should probably be wary. Additionally, the name Monday Desmond has appeared along the line as the CEO.

I personally don’t think this platform is here to stay for long, after all no one stays forever. Their business model remains private and they can confidently close down any day due to server downtime keeping investors in the dark 

The platform is already two months old and this is close to what I call the breaking point where they can just decid to crash at anytime.

 

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

 

Continue Reading

Leaks

Montek Review – Is Montek Scam or Legit 20% ROI Scheme

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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 ♥️

 

Montek Review

According to the CEO, Montek is a reliable and Trusted Investment Platform in Nigeria to invest and get percentage of your money back.

Montek investments says they strive to be among the best providers of investment services in Nigeria delivering a diverse range of established and pioneering service.

You will get profit of 20% ROI in 7 days on your first Investment and subsequently get 80% monthly!

Only Users that have activated their account are eligible to participate in Montek Investment Programme. However you must be 18 years and above, to participate.

 

Montek Investment

They are introducing a 20% start up ROI to every investor with a minimum of ₦10,000 and maximum of ₦500,000 for a start.

This ROI is to be paid weekly to enable reinvestment and full commitment to members.

  • 10k You get 12,000 after 7days
  • 20k You get ₦24,000 after 7days
  • 50k You get ₦60,000 after 7days
  • 100k You get ₦120,000 after 7days
  • 200k You get ₦240,000 after 7days
  • 500k You get ₦600,000 

20% ROI on all Investment

 

Montek Founder

While documenting this Montek 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.

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

 

Montek Withdrawal

  • Login to your account.
  • Ensure you have a running investment
  • on the system.
  • On your dashboard you will see a
  • withdraw button after your investment is due for withdrawal.
  • After 7 days, click withdrawal and you will be paid within 24 hours.

 

Montek Registration

  • Login to your montek account or
  • register an account if you don’t have one.
  • On your dashboard, make sure you buy a coupon code.
  • Click on the Vendors menu bar to buy a coupon code
  • Your Coupon code automatically

 

Montek Login

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

To login Montek only the below is needed 

  • User name  
  • Password

 

Is Montek Legit 

A legitimate Platform will have contact details on its site. If it is just a web contact form, without an address, email, and phone number you should probably be wary. All genuine online platforms will be happy to help with any query.

The platform never mentioned what it does with Investors money and there is no certification on the website, it’s not worth the trust.

 

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

 

Continue Reading

Leaks

Elite Swap Review – Is Elite Swap Token Scam or Legit

Published

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DeFi represents a broad category of financial applications that are being developed on top of open, trust-minimized, programmable, and censorship-resistant networks to improve upon the legacy financial system or create entirely new use-cases. 

Elite Swap is Complete Fork of Uniswap With Defi Dashboard and Multichain Swap Protocol.

 

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 ♥️

 

Elite Swap Review

Elite Swap is a protocol for exchanging ERC-20 tokens on Ethereum. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading.

Where it makes tradeoffs decentralization, censorship resistance, and security are prioritized. Elite Swap is open-source software licensed under GPL.

Elite Swap is an automated liquidity protocol. In practical terms, this means there are template smart contracts that define a standard way to make liquidity pools and corresponding markets that are compatible with each other.

  • There is no order book, no centralized party, and no central facilitator of trade.
  • Each pool is defined by a smart contract that includes a few functions to enable swapping tokens, adding liquidity, and more.
  • At its core, each pool uses the function x*y=k to maintain a curve along which trades can happen.

 

Elite Swap Prices Determination

Prices are determined by the amount of each token in a pool. The smart contract maintains a constant using the following function: x*y=k. In this case x = token0, y = token1, k = constant.

For each trade, a certain amount of tokens are removed from the pool for an amount of the other token. To maintain k, the balances held by the smart contract are adjusted during the execution of the trade, therefore changing the price.

 

Elite Swap Failure Issues

You might be trying to swap a fee on transfer or deflationary token. If so, you have to increase your allowed slippage to account for the fee taken during the swap. Click on the gear for settings and adjust Slippage tolerance accordingly.

Otherwise, if your transaction is taking forever or stuck pending the gas included might be too low and the transaction will not be processed. You probably need to speed up or cancel the transaction in your wallet.

 

Adding Token to Elite Swap 

Elite Swap is compatible with any ERC-20 token in the ethereum ecosystem. If you want your project to be searchable in their interface you should seek to be added to a reputable token list or share a link to your token using query parameters. 

Once loaded via a link, the token will be added to their interface. Another option is to open a request using github issues.

 

The Liquidity Provider Fees

There is a 0.3% fee for swapping tokens. This fee is split by liquidity providers proportional to their contribution to liquidity reserves.

Swapping fees are immediately deposited into liquidity reserves. This increases the value of liquidity tokens, functioning as a payout to all liquidity providers proportional to their share of the pool.

Fees are collected by burning liquidity tokens to remove a proportional share of the underlying reserves.

Since fees are added to liquidity pools, the invariant increases at the end of every trade. Within a single transaction, the invariant represents token0_pool / token1_pool at the end of the previous transaction.

 

Elite Swap Token

  • ELT, the Elite Swap Protocol token, is live!
  • ELT contract address: 0x380291A9A8593B39f123cF39cc1cc47463330b1F
  • 60% of the ELT genesis supply is allocated to Elite Swap community members
  • To start, ELT is available through four liquidity mining pools

 

Is Elite Swap Safe and Credible

Eliteswap is a decentralized exchange enabling trading between self-custodied wallets. Since the exchange lacks an order book and doesn’t hold assets, it is remarkably secure compared to traditional exchanges.

 

Is Elite Swap Legit 

To understand why the value of a liquidity provider’s stake can go down despite income from fees, we need to look a bit more closely at the formula used by Elite Swap to govern trading. The formula really is very simple. If we neglect trading fees, we have the following:

 

  • eth_liquidity_pool * token_liquidity_pool = constant_product

 

In other words, the number of tokens a trader receives for their ETH and vice versa is calculated such that after the trade, the product of the two liquidity pools is the same as it was before the trade.

The consequence of this formula is that for trades which are very small in value compared to the size of the liquidity pool we have:

 

  • eth_price = token_liquidity_pool / eth_liquidity_pool

 

Combining these two equations, we can work out the size of each liquidity pool at any given price, assuming constant total liquidity:

 

  • eth_liquidity_pool = sqrt(constant_product / eth_price)
  • token_liquidity_pool = sqrt(constant_product * eth_price)

 

So let’s look at the impact of a price change on a liquidity provider. To keep things simple, let’s imagine our liquidity provider supplies 1 ETH and 100 DAI to the Elite Swap DAI exchange, giving them 1% of a liquidity pool which contains 100 ETH and 10,000 DAI. This implies a price of 1 ETH = 100 DAI.

 

Is Elite Swap 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 Elite Swap 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 Elite Swap 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 Elite Swap Review Article isn’t aimed at defaming Elite Swap 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 Elite Swap review.

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

 

Continue Reading

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