This project was moved on HOLD with PROBLEM status! Wait for further updates…
Hopefully you remember our previous “First Thoughts” article about BitPerformance, published few days ago. We checked the platform description and briefly reviewed the investment plans. There are 3 of them for investors.
Let’s refresh a part of that article:
As you could notice, BitPerformance offers three different-term Daily plans with 10, 20 and 30 days. Here they are:
Evaluate investment programs with extremely fast income pay-offs: according to BitPerformance plans, the balance is charged every second and is immediately available for instant withdrawal to your wallet.
- Free – 2.16% Daily for 10 Days ( min. deposit – $10 ), Principal Back, Total return – 121.6%
- Classic – 3.24% Daily for 20 Days ( min. deposit – $1,000 ), Principal Back, Total return – 164.8%
- Supreme – 4.32% Daily for 30 Days ( min. deposit – $5,000 ), Principal Back, Total return – 229.6%
I think, at the moment (*after 1 month of platform workflow), both Free and Classic plans can be used by investors, approximately in a percentage ratio of 90% (Free plan investors) and 10% (Classic plan investors).
A good thing that we see more and more in new starting programs over the last half year – is every second accruals. Together with instant withdrawals, this option really becomes very useful, since investor can withdraw funds every day at the most convenient time for him.
In order to make our further calculations we take as an example the first – Free (2.16% Daily for 10 Days, Principal Back) plan, as the most popular among investors for sure.
We see daily (calendar-days) plan, that’s why we do not need a conversion factor of 30/22 (calendar days/business days).
Since we deal here with “Principal Back” investment offer – we must already know that in most plans of this type we break even at the end of it, the same moment when your initial deposit is returned back to your wallet. In our case investors reach the break-even point (B.E.P.) right at the END, after 10 days of the plan.
By the way, the Total Gross Interest you can see also on plan’s details provided by BitPerformance .. So just to recheck – your Net Profit is 21.6% (2,16% x 10 days) and Total Return is 121.6% (21.6% + 100% of deposit back).
The next step we usually do – checking DNI (Daily Net Interest) level that must tell us whether we can consider BitPerformance plan as a SHORT, MEDIUM or a HIGH interest one.
If you divide your Net Profit (21.6%) by 10 days of this investment plan – you will get the result – a DNI of 2.16%. Thus you can classify it as a HIGH interest investment offer. Therefore, taking into account the risk-reward ratio, I think that many investors are mostly joining it in order to get a relatively quick profit. The other two plans have an even higher percentage of profitability.
OK, that’s enough for now. I am sure that this information will give you something to think about. In Part 2 of this review we will check terms, rules and additional information that will be helpful to the online investor. Please stand by. Part 2 will be published Soon..
If one of the paying programs on our Monitor appeals to you, please support EmilyNews by registering for it on our website. Thanks very very much!
EN web Support Chat | Hyips and Crypto questions – HyipChatEN
Telegram Chat for Crypto and Hyip reports: @HyipChatEN
If you like this article and want to support EN – please share it by using at least few of social media buttons below. Thanks and See you tomorrow!