First Thoughts on GoEx.

We just began a “Silver” listing for GoEx on the EmilyNews monitor.  This is not a new program as they have been online since March of this year.  GoEx is an unusual program in that there are two parts to it.  First, it functions as a cryptocurrency exchange.  Second, it functions at an investment program which, of course, is what we’re interested in at EmilyNews.  And, we will limit our discussion to that aspect of the program here.  An unusual thing about this investment program is that there doesn’t appear to be any discussion of where the revenues come from that will be used to pay an investor his interest earnings.  Perhaps I have missed this very important piece of information.  However, I have looked over the website a number of times without finding it.  Possibly revenue for earnings is generated from the fees charged by the cryptocurrency exchange.

GoEx has a single investment program that, at first reading, you will probably find hard to understand because it uses investment terminology in a very unusual way.  The basic program pays 0.8% interest per day for 189 days (27 weeks) for a total gross interest of around 151% (.8 x 189).  Your investment is not returned at the end of the investment term.  Then, the website explains that you can choose their “reinvest” option and the interest rate will increase to 1.37% per day for 126 days (18 weeks).  Here’s where the terminology is confusing.  It took a call to the GoEx online chat to clarify this for me.  “Reinvest” does NOT mean that your earnings will be reinvested or compounded or anything like that.  It simply means that your earnings will not be paid to you until the end of the investment program term.  So, in this version of the investment plan, you aren’t earning daily interest at all.  It is actually a completely different investment plan that returns your total earnings when it ends.  In this case, the total gross interest that you will receive at the end of the plan will be 126 days times the “daily” rate of 1.37% per day or around 172%.

This is the basic logic to how the TWO GoEx investment plans work.  We’ll discuss the plans in greater detail when we review the program in a day or two from now.  Please stand by.

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