OnePunchLTD — Review

This is  SCAM project already! Do not invest there anymore!

OnePunchLTD is a relatively new company as far as the internet is concerned, having been online for not quite a month.  Based in England, the company is “involved in modern technology business, which is closely linked with the development of new cryptomining algorithms, construction of powerful mining farms and trading activity on electronic exchanges.”  The motivation for this website is to raise funds for “funding the construction of new powerful mining farms and … application development of new cryptomining algorithms.”  A number of companies are involved in this exciting new field of cryptocurrencies and we wish OnePunchLTD the greatest success in this exciting new field.

Well, on to what investors are interested in learning about, OnePunchLTD offers two investment programs.  The first is simple enough to understand and pays 113% after 10 calendar days.  The minimum investment is $10 and the maximum is $1,000.  So, this short term program will suit almost everyone’s budget.  The second pays 6% daily for 30 business days.  The minimum investment is $20 and the maximum is $25,000.  The posted return is 132% after the 30 day period.  However, let’s do the math on this.  If I invest $100, the interest after one day will be $6.  After 30 days, the total interest will be $180.  This is an increase of 180% rather than 132%.  So, something is wrong here.  Emily News will follow up on this with the Admin of OnePunchLTD and will post clarification on the Emily News Blog as soon as we receive a reply.

(March 4, 2017.  A reader pointed out to Emily News that the confusion arose because there are typically only 22 business days in 30 calendar days.  So, in a 30 calendar day period, you can expect only 22 days of interest which comes to 132% (22 x 6).  I was thinking of 30 business days; the writer of the website was thinking of the 22 business days in a 30 calendar day period.  Thanks to the reader who pointed this out to us.) 

Looking at the website, a person gets the impression that three payment processors can be used: Perfect Money, Payeer, and Bitcoin.  However, once registered and making investments it is clear that one must use Bitcoin only.  Fortunately, OnePunchLTD has an excellent write up on buying and investing with Bitcoin that even the newbie will find adequate to enable him to deal with the ins and outs of working with cryptocurrencies.

As far as contacting OnePunchLTD is concerned, a United Kingdom phone number is provided as well as a typical contact form.  So, assistance for most people will be by means of email.  There is no chat capability.

OnePunchLTD has a typical referral program.  It pays you 5% of investments made by people that you personally sponsor, 3% of investments by people that they sponsor and, finally, 1% of investments in the third level of your referral tree.

Typical of working with cryptocurrencies, withdrawals will be a little slow.  OnePunchLTD suggests that they will be available “between 6 and 24 hours, sometimes sooner.”  In my mind, that means you should be happy if you receive your withdrawal request within 24 hours.  I would give the company an additional 12 hours before I hit the panic button.

Website security is very good.  It uses a dedicated server with DDOS-Guard protection as well as Comodo EV SSL encryption.  A number of malware protection services are also used.

In closing, OnePunchLTD is yet another company involved with Bitcoin and cryptocurrencies.   However, it may be unique, as a stated goal is involvement with both development of algorithms and mining technologies.  Let’s hope it is a successful venture for them.  Perhaps you might like to include OnePunchLTD in your investment portfolio.  As always, use caution when investing as HYIPs, while potentially very lucrative, are also risky business.