Cryptomain claims to be a company that is investing in blockchain developments. This activity allegedly generates high profits.
Therefore the company offers investment plans that are supposed to make you money too, up to 5% per day for 90 days, which means 116% net per month. Is it true?
You can be sure of all this thanks to the investment plans, because no real business can double your money every month.
So, what is Cryptomain, if it is not a real investment company? It’s a Ponzi scheme. It collects money and might redistribute some of it at the beginning, but as real profits are not generated, the system will quickly run out of money and collapse. That’s how it always ends.
We researched about the Cryptomain company and found strange things. It is only one and half month old and it already has been renamed to FHB Renewable Energy. It doesn’t sound like an investment company, does it?
Anyway, the important thing is that this company is not registered with the Financial Conduct Authority, so it is not authorized to provide investment services and it is acting illegally.
Cryptomain is a scam, a Ponzi scheme that is designed to fail quickly. Stay away from it!
If you want to try investing in cryptocurrencies, start on a free demo with a regulated broker to see how it works.
You’ll need practice and learning before potentially switching to trading with real money.