Plus token is a recent crypto project that is making the round promising horrendous profits to each of its investors. It claims to make profits with – yes, yet another miraculous undisclosed tradebot. If that does not ring an alert (Hey, hey, hey!). Jokes aside there are many incosistencies about the project.
Low Quality Promotion – High Tech Bots?
Yes, all is not gold that glistens. But high quality promotional videos tell you that the originators of any project have at least some skin in the game. How on earth could you develop a high-tech trading bot while not having the resources to afford a decent promotion campaign. Professional traders do use bots. However, profit is relatively low and will lead certainly not to 10% yields. Also bot trading comes at the risk of sudden uncalculated market moves. Bots do not save you from risks.
Too good to be true
10% yields per month – this is what Plus token promises its investors. Without risk, without any uncertainty it just plainly promises you 10% per month. There are funds out there whose investors would be happy for a 10% yield per year. Although cryptocurrencies have led to crazy gains in the past, everyone knows the risk is high. Guaranteeing 1o% yields is unrealistic or suicidal for any company – in crypto or not. Crazy gains are accompanied by crazy losses as we saw at the end of the 2017 bull run.
No Independent Data
Plus Token claims to have a user base of millions of users with its mobile payment app. Consequentially, Plus Token must have a high adoption rate with according infrastructure. But how come then that coinmarketcap.com does not list Plus Token? How come you are not able to find any major market that trades Plus Token? How come you cannot find any independent data of Plus Token’s chart? It is because no serious institution gives Plus Token any credit. It is likely a Ponzi scheme as it promises investors profits from their investment. However, Plus Token adherers are also advertising to new investors which might make it a pyramid scheme. Whatever it is exactly, it is a scam for sure.