Is PrimeLend a legitimate investing opportunity? Can you really make a positive ROI with this ‘easy’ money System? Or is this just another well thought up Ponzi Scheme to get your money?
Let’s find out…
There seems to be a ton of heat nowadays around the idea of Crypto.
There seems to be a lot of people (masses) who are absolutely loving the idea of an uncontrolled digital currency and the idea of quick, easy and even free money.
There also seems to be a new ICO / MLM deal starting every hour (people cashing in on the idea of all this by designing smart looking systems).
So in truth, the masses are money hungry and everyone and their grandma’s are getting into Crypto.
But here’s the thing…
Just because the majority of folks are all doing the same thing, does this mean that this is a smart idea?
Successful Entrepreneurs most likely wouldn’t think so.
Because while everyone ziggs, successful people …
Okay, let’s get right into this PrimeLend Review…
PrimeLend the Company:
I went over to their website PrimeLend.io and for the life of me can not figure out who is running this show.
No President, CEO or Founders.
What we have here is Anonymous owners.
PrimeLend Product Line:
They have absolutely no retailable products or services at the moment. The only thing that their affiliates have to market is the membership itself.
PrimeLend Compensation Plan:
How do you make money?
You as an investor will have to purchase what they call PML points from the company at a cost of up to $1 and then lend them back to the company for an advertised ROI.
PrimeLend has 5 plans:
1- Invest between $100 – $1,000 and receive a daily variable rate for a period of 175 days.
2- Invest between $1,001 – $5,000, receive the daily rate plus a 0.1% daily bonus for a period of 150 days.
3- Invest between $5,001 – $10,000, receive the daily rate plus a daily bonus of 0.2% for a period of 110 days.
4- Invest between $10,001 – $50,000, receive the daily rate plus a daily bonus of 0.3% for a period of 90 days.
5- Invest $50,001 (or more), receive the daily rate plus a daily bonus of 0.35% for a period of 60 days.
The more you are willing to risk, the shorter your maturity period will be.
PrimeLend is paying out referral commission on 5 levels deep using a uniline comp plan as follows:
1- 7% (personally sponsored affiliates).
Cost to join:
1- Free for all of the Network Marketing professionals out there but you can only make referral money.
2- $100 minimum for those who want to participate in the passive income side of things.
PrimeLend seems to be another HYIP deal that revolves around recruitment for revenue.
Is this a scam?
I wouldn’t call it an outright scam as you can make some money while the system is up and running.
But never invest anymore than you are willing to lose since we can never tell you how long they (HYIP) will last for.
I don’t personally recommend this platform.
These types of systems have too many red flags:
1- Anonymous owners.
2- Promise of Income. Anything that promises you an income for doing absolute nothing is a red flag!
3- Trading Bot that creates revenue to pay investors?
Where is the proof?
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