Introduction.
Investing in crypto currency businesses had become very simplified than ever before. Anyone can make such investment with just a few clicks provided they have a good network connectivity. However, you should know that wherever large volumes of money are in circulation, criminals and con-men are not very far behind. Consequently, conduct very in-depth research before you go into any business, lest you have a tale of woe to tell. Find out about any such companies as much as you can before you commit your money in them; you can never be careful enough.
This company has been designated as a Ponzi scheme since it only generates money from the registration of new members which it uses to pay older customers. It does not sell anything or render any essential services too. Therefore, since the influx of new comers must evenly wane, their source of fund must dry up sooner or later. In summary, any gain you make in a Ponzi scheme is at the expense of other people. So, unless you do not mind cheating others, you will do well to keep away from pyramid or Ponzi schemes.
Basic information about Hyper Fund.
This company was said to be founded by one Ryan Xu in 2014. Their website identifies him as a successful investor and entrepreneur in the Blockchain space, although reliable information online say differently. For example, before the advent of Hper Fund, Hyper Capital was created in a bid to resurrect 'HCash'. Expectedly, Hyper Capital still crashed and disappeared eventually. Notably, Hyper Fund has all the traits of the dead Hyper Capital. It was claimed that Hyper Fund was constructed as a DeFi( Decentralized Finance) ecosystem mainly to serve digital currency users with several decentralized services and block chain infrastructures. Before you can join the company, it is required that you purchase any of 300, 500, or 1000 HU through sending USDT at 1:1 ratio. Thereafter, the company claims to generate for you about 0.5 to 1 percent profit daily which totals to about 200 to 300 percent ROI! How outrageous this claim is! HU is a sort of internal token that is said to have real value. However, before you can take a profit on HU, you must convert it to MOF through the company, which you can eventually withdraw via exchange. However, the issue is MOF can lose value rapidly just like Hyper Capital lost out. Most governments are keeping very close tabs on crypto currency business all over the world. Hyper Fund was said to come under strict observation when DEFI, a Hyper Tech Group said it has launched the company so as to provide a decentralized financial infrastructure sometime in 2020. The company's CEO, Ryan Xu, with his MLM model, has been deceiving unsuspecting people with promises of very high returns, a common path taken by Ponzi schemes and other nefarious concerns. Consequently, series of complaints keep pouring from many states in India, the RBI, Union Finance Ministry and SEBI have all warned people to desist from dealing with Hyper Fund and crypto currency businesses. At this juncture, it is pertinent to ask whether Hyper Fund is safe or not?
How safe is Hyper Fund?
Let us look at this issue diligently and with all fairness. First off, Hyper Fund is not registered by any financial regulator in New Zealand as verified from their website; https://fsp-register.companiesoffice.govt.nz. Secondly, repeated warnings by UK FCA on Hyper Fund not being registered or authorized is something you should not sweep under the carpet too. Specifically, the company deals in no product whatsoever and neither does it offer any services that will generate any money. This means that it relies only on affiliate members registration money to remain afloat. Other extra service platforms listed under the company's Hyper Ecosystem have no reviews online and do not seem to be operational as well. However, consolably, there are several bad reviews on Trust Pilot that expose the company as fraudulent and untrustworthy. Along the same line, most of the favorable reviews on the company were given by affiliates so as to sell the company for their benefit. Searching for Hyper Fund on Google will reveal the company as a scam based on all the parameters for proper evaluation.
Make sure that you approach any investment plans with proper and in-depth research before doing anything further. Consult several reliable sources and references when any offer is made to you that sounds too good to be true, it probably is, right? It is very common for even avid investors to fall prey to false sense of security by choosing to take their chances in making quick gains contrary to logical reasoning when they are presented with what seems lucrative. Whatever schemes or profits that are offered by these types of companies are fraudulent, to say the least. If it sounds too good to be true, it might as well be. I stand by these words of caution, and so should you too, lest you have gory tales of woe to tell the world. A recent study by the Federal Trade Commission in the US of about 350 MLM companies showed that at least 99 percent of investors lost their money in these kinds of schemes. In summary therefore, Hyper Fund is all but safe.
Is Hyper Fund a scam or legit?
All the features and characteristics of a scam are there to be seen. First, the company's CEO, Ryan Xu, was complicit in setting up a previous company, Hyper Capital that lured people and stole their investments. If that does not warn you to stay off his next attempt, then nothing can. Secondly, they promise very outrageous profits on your investments to the tune of hundreds of percents! How do they generate such mammoth profits particularly since the company sells nothing? Secondly, the issue of the company not being regulated or registered anywhere is another issue worthy of very deep reflections too. Should you get defrauded, how do you expect any redress since you dealt primarily with a 'ghost', so to say? The recovery of any money lost or stolen is all but impossible. Reviews about the company online is also very scary. What with many people shouting from the roof tops that either them or their loved ones have all been victims to the company or its predecessors. Furthermore, repeated warnings to stay away from all such companies have been persistent from the agencies that should know. Unless a company is fully registered and regulated, you are advised not to go into any dealings with them. And if you still do, you will only have yourself to blame eventually.
What do you do to avoid being defrauded?
How you invest and what you invest are very important at the end of it all. Therefore, if you are going to invest in any business about which you have misgivings, there are certain proactive steps you can take that will reduce the overall effect. One, whenever you are investing, invest only that which you can bear easily in the event of a fraud. Hence, you should invest only any extra money you may have and not money that you need to survive! Furthermore, it is better to invest via your bank accounts and not your credit cards. If you invest using your credit cards, there is a pretty good possibility of the data in your card to be cloned and get your money stolen easily. With bank cards, such nefarious activity is all but prevented. In addition to this, especially if you use bank accounts to invest, you can obtain the services of such companies that can recover your money for a fee. All these procedures will be needless if you take your time to find out more about the company before you commit money in it. Ask about the company from others and Google too. Check for complaints from others who might have trusted the company before you. If it did go well with them, the chances are pretty high that it won't go well with you either. Make sure that you know everything about the leadership of the company. Verify their addresses, phone numbers and emails. Listen to what the regulatory agencies have to say. All these will protect you from the dubious people prowling the internet.
Conclusion.
Do not walk rashly with your eyes closed. As a result, avoid making investments in businesses about which you know little or nothing. Fortunately, modern gadgets and tools make this research very easy. At the click of a button, Google will tell you all you need to know. Visit and read the reviews by other people who might have been stolen from previously. In order to make sure of the safety of your information and data, make sure that the company links with mainly 'https' and not just 'http'. Finally, there is some semblance of credibility if the website of the company is linked to those of other companies, if not, you are facing a red flag! Watch it.