First Thoughts on Otenga.
Otenga recently began a “Silver” listing on the Emily News monitor. The company is primarily involved with cryptocurrency mining. However, it looks like they are also involved with cryptocurrency trading. Per the website, “In addition to the income from crypto mining, we offer services of financial arbitration, which allows us to earn as a result of our trading activity on the crypto exchanges.” Otenga incorporated in October of this year with the objective of attracting online investors. Again, per the website, “the offered investment terms imply the indefinite financing our company from your side in return for guaranteed long-term income. The funds we need to significantly reduce the operating costs associated with the lease of premises for data centers, purchase of modern necessary equipment for mining, as well as inline costs related to the payment of bank borrowing.” So, in a nutshell, Otenga appears to have been involved with both cryptocurrency mining and trading for a while and recently they have gone online to seek investor funds to assist with covering their operating costs and, possibly, further expansion.
Otenga offers a single investment plan. It is simple to understand and pays 5% daily for 25 calendar days. Your return includes your principal. We will say a little more about the investment plan when we review the program.
There is some confusion in the website as to the term of the investment plan. On the home page and in the account page, the term is given as 25 days — as I indicated above. However, in the FAQ, it is stated that “You can register an account and make deposit to obtain 5% daily within seven days a week. Your deposit will be working forever.” In the “Investments” section of the website, it also says that “All your deposits will run forever, it means that you can invest just once to get profits consistently, day after day, until the company decides about the change of conditions.” Quite confusing! However, since the 25-day term is what is given in the account page where you can make a deposit, I am assuming that’s the correct investment term. I suspect that, originally, the folks at Otenga were planning to offer a “perpetual” investment plan, but that they changed their minds. However, it’s a bit careless to let such significant oversights remain on a website as it is essentially a contract between the company and its investors. I have written to Otenga “Support” for clarification on this. But, for now, let’s assume that the investment term is 25 days. If necessary, I will correct this when I review the program which should be within a few days from now.
Please stand by for the review.
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