WaterMine Review — Scam or Legit?

WaterMine Review — Scam or Legit?

Today we will be reviewing a company known as WaterMine. Is this company legit? Find out in this WaterMine review.

Cryptocurrency is an emerging venture that has the potential to not only revolutionize the way we conduct commerce in the future, but also to assist us in managing our money in the present and in the future.

But, more importantly, how can you make money with cryptocurrency?

There are several avenues for making money in cryptocurrency, including mining and trading cryptocurrencies such as Bitcoin and Ethereum.

Some websites enable you to trade digital tokens with other individuals without ever acquiring ownership of them, while others let you to purchase and sell digital tokens of corporations listed on a stock market.

Crypto investment has been made popular these days, thanks to influencers and internet gurus.

Before you decide to look into joining this company, you should read this WaterMine review first. You should check if it is worth your time before you make such a huge decision.

DISCLAIMER: This is a fully independent review. I’m not affiliated with WaterMine in any shape or form whatsoever.

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WaterMine Review: Quick Details

  • Name: WaterMine
  • Website: No longer available
  • Socials: None available
  • Type: Investment company with MLM business tactics
  • Niche: Cryptocurrency
  • Owner: Unknown
  • Recommended?: In any way, shape, or form, this platform cannot be trusted. They make false advertising promises, such as claiming to deliver a very high return on investment (ROI), to attract customers. The decision to put your faith in this firm was unquestionably a bad decision. To be honest, I have a far superior option to this one that is guaranteed to be legal and that can earn passive income for you instead.

What is WaterMine?

WaterMine Review - Web UI

WaterMine, according to their website, is a revolutionary trading and mining platform. According to them, they have a team of expert traders that are dedicated to assisting you in earning a guaranteed return on your investment. They assist on both trading and mining.

Daily, the specifically built algorithm generates profitable trading chances by keeping watch of currency pairs and hunting for high returns when there is adequate activity in the market across all exchanges. It does this across all exchanges.

Essentially, this is how the organization explains how they generate profits for their members.

However, there isn’t much information available about the firm when it comes to its specifics.

According to what I discovered, Marcel Werner is identified as the proprietor of WaterMine, and the firm is stated as being situated in the United Kingdom.

n name “watermine.io” was registered on July 5, 2020.

When I attempted to find out more information on Marcel on the internet, I was unable to get any further information about him other than the name that I had first seen on a UK registration paper.

WaterMine Services

The services that WaterMine provides will be discussed in this portion of my WaterMine review.

The organization offers investment packages in which they will guarantee you a specific return on your money depending on the contract package that you pick.

Hashpower mining contracts are the name given to these investment packages.

The contracts are all for three months, and the investment costs range from $10 to $2,500 per contract. The return on your investment ranges from 2 percent to 2.6 percent, depending on the investment.

According to the company’s website, profits are going to be sent to you on a daily basis.

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WaterMine Compensation Plan

ROI Payouts

You can get started with one of four “Hashpower” contracts that are available.

For a three-month period of time, all of these contracts provide a guaranteed return on your investment (ROI), and they pay you the profit on a daily basis in the form of mined coins.

  • Starter Investment Contract – Invest $10 to $99 for a 2% daily ROI.
  • Advanced Investment Contract – Invest $100 to $999 for a 2.2% daily ROI.
  • Premium Investment Contract – Invest $1,000 to $2,499 for a 2.4% daily ROI.
  • Golden Investment Contract – Invest a minimum of $2,500 for a 2.6% daily ROI.

Referral Commissions

Additionally, WaterMine provides referral commissions, which are paid to you from the investments made by your referrals. These referral rewards are paid to you in addition to the stated ROI earnings.

In the commissions model, there are four levels of referrals, each of which is structured using the MLM unilevel structure.

Based on the referral reward plan model that they are employing, it is possible to argue that they are also an MLM program at this point.

In accordance with the company’s website, it makes no difference whatever contract you invest in; as long as you make an investment, you will get the same % on each level.

The following is a breakdown of the money you will receive from your referrals’ purchases:

  • Level 1 Referrals – Earn 8% on the investments of members you personally referred.
  • Level 2 Referrals – Earn 6% on the investments of level 1 people referred.
  • Level 3 Referrals – Earn 4% on the investments of level 2 people referred.
  • Level 4 Referrals – Earn 2% on their investments of level 3 people referred.

Is WaterMine a Scam?

To be completely honest with you, I am unable to say if WaterMine is a safe investment or whether it is a fraud at this moment.

The reason for this is because the firm is too new, and I have been unable to locate any information on who is in charge of the company.

Furthermore, I find it incredibly difficult to think that any organization can guarantee a specific percentage of return on investment while being legitimate.

The vast majority of organizations that I investigated that claimed to give a guaranteed ROI eventually went out of business either they were unable to maintain their returns or they were forced to close their doors.

I’m not going to say that this is a horrible company, but I’m not going to say that it is a safe firm either at this moment.

Alternatives to WaterMine

It is extremely risky to invest in cryptocurrency. It is true that you have the capacity to double your money quickly, but you also have the chance to lose it all in the same amount of time.

In the absence of a thorough understanding of how it operates, you will not see positive outcomes.

While learning how cryptocurrency investments operate online is possible for those without prior financial experience, doing so might be perilous for those with no prior financial knowledge.

It’s true that you’ll be dabbling in an array of foreign concepts and circumstances.

Because of this, I do not advocate placing your money in cryptocurrency. Truly, the internet is filled with far more appealing alternatives to this particular selection.

An excellent method to generate passive income is always to invest in things that you enjoy doing. After all, you should be considering basic solutions that do not need extensive understanding of the subject matter.

Alternatively, you might simply take advantage of the chance I’m now offering you.

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10 Shocking MLM Statistics that You Need to Know!

  • Almost 99% participants of all multi-level marketing companies lose money, according to the FTC.
  • There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
  • Success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
  • The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
  • According to the AARP foundation, 47% distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
  • In the remaining 26% that actually make money, 53% of them make less than $5000/year.
  • 39% of those 53%, who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
  • Forget about building a long term business with MLMs, because 50% of all MLMs participants quit within one year.
  • 75% people that joined MLMs say that they will never again join any kind of MLM.
  • A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.

SOURCES:

Final Verdict – WaterMine Review

Before I end this WaterMine review, I would like to share a few more insights that could help you.

Despite the fact that scams of this sort will continue to exist till the end of time, the reality is that as the world converts to decentralized money, frauds of this nature will become increasingly difficult to prevent.

In other words, an increasing number of people will take advantage of the assumed anonymity to cause significantly greater harm.

Extreme caution should be exercised when dealing with investment platforms that claim such high rates of return. Also, keep in mind that the platform is very certainly a fraud because the prices are far too expensive to be considered reasonable.

There is no use in wasting your time, money, or effort on this so-called “opportunity,” and you should refrain from spending your resources on it. I wouldn’t be surprised if they pulled the rug out from under you at any moment in the near future. They have the potential to do so at any time.

Keeping a scam going is quite tough, especially if there isn’t much of an incentive in doing so. They would very certainly simply escape with all of the money and never come back again.

MLMs just go out of business without alerting their members of the circumstances. Given the fact that they are well aware that the game is finished, they would not spend time apologizing to the fans.

We can’t rule out the chance that any of these ideas are right based on the information we currently have about them.

Make every effort to stay as far away from this company as possible. Keep a look out for potential chances in the future, and be certain that they are legitimate.

If you are currently on the lookout for one, the information in the following part may be of use to you. I have a good opportunity that would be an excellent fit for you and your schedule if you are interested.

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See you on the other side.

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