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News Commentary #1,049 – DogeX First Thoughts

First Thoughts on DogeX.

DogeX just began a “Diamond” listing on the EmilyNews Monitor.  They are a brand-new online investment company that has a rather unique specialty.  DogeX claims to generate its profits by buying “large lots of Dogecoins on private platforms from brokers in China” which are then sold in very small quantities at a considerable profit.  According to the website,

Exchange services conduct small batch purchases of crypto assets and try to get rid of excess assets. The lower the purchase volume, the higher the price of the supplier.

We divide the number of dogecoins into solders that cannot be divided into smaller batches. We offer the best price, but we increase the minimum volume of the purchase.

For the investor, DogeX offers one very easy-to-understand investment plan.  It has a minimum investment of .003 BTC and pays 3% interest per day — forever. It is what we refer to as a “perpetual” investment plan.  Unlike many plans of this type that appear online, you may withdraw some or all of your deposit at any time after your first interest accrual.  So, the plan is essentially the same as a normal bank savings account.  However, the interest that DogeX pays you is obviously much much more than you can earn from any bank.

We will make a thorough review of the DogeX investment plan shortly.  I don’t anticipate any surprises and I suspect that it will be a fairly short review.  Please stand by…

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