Increase in Allowable Investment Also Announced.
LoanTech (reviewed here) offers an unusual investment plan that provides a return of 3% per day. Here’s what we said about it in our “First Thoughts” article about the program:
The investment plan has a number of interesting features. First of all, it is a “perpetual” investment plan, which means that you make an investment once and that you will receive an interest return forever. Second, the plan has an option whereby you can withdraw up to 34% of your deposit after 22 days. This has the effect of enabling you to break even at that time — significantly more quickly than will happen if you do not utilize this option. Of course, since you’ve withdrawn a third of your deposit, your daily interest return will be cut by one third at that time — although it still will continue forever. I have not seen this option before in any other investment plan.
So, you can say that the investment plan will break even in 22 days. With this thought in mind, LoanTech has published the following announcement (Note that B.E.P. means break even point).
LoanTech.top – 6th B.E.P cycle reached!
As of today, we have been paying over 600% profit to our devoted members.
132 days since we started / 22 days (the duration it takes to reach 100% break-even point) = Total 6 cycles.
– To meet our members ever growing demand for a higher profit and to allow the current steady expansion of LT, it was decided to increase the maximum of $10k to $30k per single active loan (for both internal & external funding).
– We’ll prepare the necessary technical changes and update the site’s deposit terminal during the following days.
* View our current and historical (daily updated) stats:
https://loantech.top/lt=fb#stats
Referring to the announcement, I guess that the 600% profit comes from the idea that, if everyone opts to withdraw 34% of their deposit after 22 days, it will have been possible for six consecutive investors to have broken even in the 132 days the program has been on line (6 x 22 = 132). Six people breaking even means six people have recovered 100% of their deposit — or 600% total. Of course, not everyone will opt for this option as it decreases the amount of funds that a person has earning money for him. The “First Thoughts” article notes this. So, it takes a little bit of work to unravel exactly what the announcement is saying. After a while, it comes through…
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