Today, technology development is in full swing, the world is increasingly shifting to electronic payment systems, various methods of making money on the Internet, and even uses money that has no material analogues. In this article, we will consider one of the methods of earning on the Web - investing in cryptocurrency, in particular, cooperation with the Phoenix Trade company, feedback on it, income, and also the basic principles of work.
Company Overview
Phoenix Trade first appeared in 2016. The pre-launch fundraising was held in the summer of 2016, and by the fall an official launch took place. The company immediately offered its customers several ways to make money:
- binary options;
- passive earnings from the package (which you must subscribe to, and then pay the fee indicated on the company's website);
- Matching bonus (percentage of earnings from invited partners located lower in the network level from a specific investor).
According to the information provided, the company itself earns funds for paying remuneration to its investors using some unique cryptographic tools that Phoenix Trade uses in cryptocurrency trading (ethereum, light, bitcoin). At the same time, it is reported that thanks to these tools, the yield reaches 1000% per day.
Official information
Going to the main website of the Phoenix Trade project, we find ourselves on a cheap one-page resource that does not make any impression. Here, the client can find, unfortunately, only a minimum of information that is presented abstractly. The main emphasis is on scheduling the offered products and promising untold wealth to your customers.
In the “About Us” block, the client can find only one common phrases, and in “Contacts” and “Office” there is only a link in the Google Map to an office building with an address in Samara. True, there is the possibility of feedback from the management of the company, but, as practice shows, an answer can be expected for a very long time. Also, it was not possible to find any documents on the registration of this company, while there is no evidence of the cryptocurrency trading of Phoenix Trade.
More precisely, according to the participants of the pyramid called "Phoenix Trade", they themselves do not trade cryptocurrency, and thanks to their miraculous tools, they set the trend in the market, hence they derive their profit. Of course, there is no evidence for this either.
Detailed review of products offered
Phoenix Trade offers the following investment products:
1. CREDITCARD - it can be purchased for $ 59, is required for the purchase of other packages:
- points - 0PV;
- 0 percent monthly income;
- 3 percent binar income;
- $ 59 is the opportunity to maximize earnings per day with a binary bonus;
- after thirty days, unused points are reset.
2. STARTPACK + CARD - the cost of 309 dollars:
- points - 100PV;
- 15 percent monthly income;
- 5 percent binar income;
- $ 250 is the opportunity to maximize earnings per day with a binary bonus;
- after one hundred eighty days, unused points are reset;
3. OPTIM PACK + CARD - cost $ 809:
- points - 400PV;
- 18 percent monthly income;
- 10 percent binar income;
- 750 dollars - this is the possibility of maximum earnings per day for a binary bonus;
- points do not burn.
4. PROFI PACK + CARD - the cost of 1559 dollars:
- points - 1000PV;
- 21 percent monthly income;
- 15 percent binar income;
- 1500 dollars - this is the possibility of maximum earnings per day for a binary bonus;
- points do not burn.
5. ELIT PACK + CARD - cost 5059 dollars:
- points - 4000PV;
- 26 percent monthly income;
- 20 percent binar income;
- $ 5,000 - this is the possibility of maximum earnings per day for a binary bonus;
- points do not burn.
Marketing system
How can you build a career, as well as a Matching bonus in the system (let us consider in more detail each level to which you can go as income from the partners invited by investors increases):
- Level 1 (initial), on which 10,000 points are awarded, bonus - $ 100, Matching bonus - 5 percent;
- Level 2, which accrues 50,000 points, bonus - $ 500, Matching bonus - 5 percent;
- Level 3, which accrues 250,000 points, bonus - $ 2,500, Matching bonus - 5-4 percent;
- Level 4, which accrues 1,000,000 points, bonus - $ 10,000, Matching bonus - 5-4 percent;
- Level 5, which accrues 3,000,000 points, bonus - $ 30,000, Matching bonus - 5-4-3 percent;
- Level 6, on which 10,000,000 points are awarded, bonus - $ 100,000, Matching bonus - 5-4-3 percent;
- Level 7, on which 30,000,000 points are awarded, bonus - $ 300,000, Matching bonus - 5-4-3-2 percent;
- 8th level, at which 50,000,000 points are awarded, bonus - $ 500,000, Matching bonus - 5-4-3-2 percent;
- Level 9, on which 100,000,000 points are awarded, bonus - $ 1,000,000, Matching bonus - 5-4-3-2-2 percent;
- Level 10, at which 300,000,000 points, bonus - $ 3,000,000, Matching bonus - 5-4-3-2-2 percent.
Withdrawal methods
Judging by the information posted on the website, cash withdrawal of investors of the Fenkis Trade company is possible in several ways, namely to the Visa and Mastercard cards, as well as to the Bitcoin wallet.
Matching bonus and binary bonus are awarded and available for withdrawal every day. Passive income (indicated in packages as income per month) is accrued and available for withdrawal once a week.
Company reviews
If we discard the clearly paid enthusiastic reviews about the Phoenix Trade, you can see, as in any pyramid, that at first investors could easily withdraw their funds (due to the fact that the influx of new investors was large and their investments were enough to cover the cost of paying bonuses that were previously included in the pyramid).
But already in the summer of 2017, messages began to appear about numerous account locks for no reason. When you try to contact the support service, everyone is sent the same reply that a certain failure has occurred, and you need to wait a while.
Then the company published the news that “Matching” and binary bonuses would be available for withdrawal once a month, passive profit - once a quarter. But investors continued to leave feedback that even this was not. Unless investors with an income of up to $ 100 seem to have regularly withdrawn their funds.
Not a single documented certificate of payment to people with packages worth $ 1,000 or more has appeared. Subsequently, several more promises were issued on behalf of unknown company executives about postponement of payment due to the creation of their own token and ICO. At first, the dates were called from mid-November 2017, then there was the end of December 2017. In the latest reviews of Phoenix Trade, people wrote that the resumption of payments was postponed until May 2018, at the end of the ICO.
Conclusion
Thus, summarizing the above, we can conclude that the company "Phoenix Trade" is a pyramid that is not designed for long development. This is confirmed by several facts: a quickly made website of the company, the absence of any official information about the company and its creators, an aggressive business model with promises of fabulous profits that are not covered by any proven income, blocking many accounts with subscriptions for packages from $ 1,000 , constant postponement of the terms of renewal of payments, lack of reaction to negative reviews about the Phoenix Trade company.
Recently, information has begun to appear that the company has entered the market of several more countries and continues to develop, but mainly in offline and social networks. This would seem to provide her with an influx of a certain number of new participants, but the appearance of additional funds will most likely go to pay holders the minimum packages, the number of which is many times greater than those with packages from $ 1,000. This means that the number of positive reviews about Phoenix Trade will block the negative information from those who have blocked their account or frozen the withdrawal of funds.
I would like to note that investments in this project are high-risk, since today there are no guarantees in the payment of earned money more than $ 100. That is why it is worthwhile to think carefully about whether or not to invest in this company, especially since other pyramids with a more thought-out financial business model are represented on the market. However, the choice is yours!