This is SCAM project already! Do not invest there anymore!
When I first looked at the Suncoinz website, I was impressed. The “Home” page has very nice moving graphics that give an attractive summary of the three investment programs — as well as a quick one-line overview of the affiliate program. This is really the meat of an investment program! The chart descriptions of the investment programs immediately after that are perfectly clear and, in case you missed something on the moving graphics, you would be sure to get it from them.
The fun begins when you start to read the text! Many HYIP website preparers are handicapped because they are writing in English — which might not be their native language. In that situation, a person is well advised not to talk too much! Unfortunately, the preparers of the Suncoinz website didn’t heed this advice and, by the time the reader finishes the rather long “About” page, he is pretty worn out trying to figure out what he has read — and maybe a little confused about a few of the inconsistencies.
Concerning the latter, in the “About” section, the dialogue begins by referring to the “Suncoinz Investment” company in the first paragraph. However, after that, the writer refers to the “Bitcoin Investment” company and never mentions Suncoinz Investment again. I wonder which company the investor is dealing with — or if both of them are imaginary. To further complicate things, the “Terms of Agreement” state that the website is owned by still another company called “Bitcoin Earning.” Figure that one out! However, there is some relief while going through the Terms as the English is somewhat improved and easier to read — not that anyone ever gets too excited reading about the terms of anything. One is tempted to believe that the Terms are simply copied from another program and reused by Suncoinz.
There was one humorous point that I can’t resist pointing out to our readers. This is the claim that one member of the Suncoinz professional team is a valedictorian from “Michigan University” in the United States. Well, as improbable as it is that a top student in a university graduating class would be working for a HYIP, one would at least expect that, with such high caliber employees, the name of an IMAGINARY university would not be listed. There are hundreds of colleges and universities in Michigan, but no “Michigan University.” There is Michigan State University, Eastern Michigan University, Western Michigan University, The University of Michigan, and many many more. But, no “Michigan University.” Did the writer mean one of these other Universities that I listed? Maybe. But, a college graduate is quite adamant about the name of his or her alma mater. For sure, the “valedictorian” on the staff didn’t proof read the website copy before it was published!
Well, enough about the funny stuff. Suncoinz claims to make its money from trading and mining cryptocurrencies as well as by stock, forex, and commodity trading. They also note that “historically we have great emphasis on trading of gold and other precious metals.” So, they argue that the strength of their company is due to the diversity of the financial activities that they engage in. But, let’s not speculate as to how reliable this information is, but rather move on to a discussion of the investment programs that Suncoinz offers. That’s what we’re here for, right?
Suncoinz has three very different investment programs. So, we’ll take a look at them one at a time:
The first has a minimum investment of $10 and a maximum of $1,000. Depending on the revenue generated by Suncoinz, you will earn between 0.6% and 0.8% per calendar day for a period of 30 days, after which your principal will be returned. Let’s choose the middle percent of 0.7% as an example and assume an investment of $100 and see how this would work out for you. Your daily earnings would be $.70 and, after 30 days, you would have earned $21. Since your principal is returned, this is pure profit. An earning of $21 on a $100 investment is a 21% profit. So, you have earned a 21% profit in 30 days.
The next investment program has a minimum investment of $10 and a maximum of $2,000. Again, depending on the revenues generated by Suncoinz, you will earn between 2.4% and 3.0% per day for 50 calendar days. However, to compensate for the higher interest rate paid, your principal would not be returned at the end of the investment period. Let’s again assume an investment of $100 and see how this would work out. Then we’ll compare it to the previous program. Assuming that you are earning the middle percent, 2.7% per day, your daily earnings would be $2.70. After 50 days, your total earnings would be $135. Since this includes your principal, you have a profit of $35 or a 35% profit in the 50 day period. On a daily basis, that would come to 0.7% profit. This is exactly the same as the previous example! So, from the point of view of daily percent earnings the two programs are equivalent. In this program you would break even in 37 (100/2.7) days. After that, from day 38 through day 50 you would be earning pure profit.
It could be a difficult to decide which program is best. Since they both are equivalent financially (if the programs run to completion), the better program is probably the least risky one. In the first case, you have to wait till the end of the 30 day period to come out ahead. In the second case, you have to wait 37 days to break even. So, from the point of view of risk, the first program is probably safer. After the 30 day period is up and you would like to reinvest, you could try it again. However, you would then place your investment at risk for another 30 days, which is longer than the 37 days of the second investment program. So, which is better? The answer probably depends on the length of time you would like to invest for. If earning 0.7% for 30 days is about right for you, the first plan is best. If you would like to earn the same percent but for a longer period, then the second plan might be best. Needless to say, this would be a tough decision to make. I must give credit to the person that came up with these two investment programs. At first glance they seem very different. But, when you take them apart, they are very much the same. Someone did the math…
The third investment program offered by Suncoinz is a completely different animal. While the first two might be classed as medium term programs, the last is definitely long term. It is simple to understand. You are paid a daily interest rate of 1.0% of your deposit forever; your principal is never returned. This program is more for those people who would like to make larger investments. The minimum investment is $500 and the maximum is $5,000. As an example, let’s assume you invested the minimum of $500. One percent of this is $5. So, as you probably guessed, it would take 100 (500/5) days for you to break even. After that, all those daily $5 earnings are pure profit — forever. Needless to say, the breakeven point of 100 days is the same no matter what your investment is. There isn’t too much to say about this. If Suncoinz turns out to be a survivor, you would do very well with this program. On the other hand, if it folds quickly, you could lose big time. There is some consolation in the fact that, as each day goes by, you are recovering $5 or your initial investment until, hopefully, you reach the magic 100 day turning point and you start to make a profit.
Suncoinz has most common payment processors covered: Perfect Money, Payeer, and Bitcoin. Instant payouts are promised. This is always open to question where Bitcoin is involved due to the checking process that must take place with each transaction.
Suncoinz doesn’t say too much about their affiliate program other than that it is three levels deep and that you earn 2% on deposits made by people in the first level under you and 1% on deposits made by people in the second and third levels under you. This is a very minimal referral program, far less lucrative than those offered by some other HYIPs. However, if you are not a recruiter, this will not matter to you at all.
It looks like support is limited to email contact or a contact form which both probably go to the same place. There is no live support. Interestingly, a fax number is given that has a United Kingdom country code. That’s an unusual way to expect a person to make contact since most investors are individuals and are unlikely to have fax service. Something strange is that the Terms of Agreement specify that all legal disputes must be resolved in accordance with the laws of Singapore. A UK fax contact and a legal base in Singapore. This also tells me that the Terms might simply have been copied from somewhere else.
Well, this has been an unusual review. Suncoinz offers a nice mix of investment programs. However, the website narrative presents a number of unanswered questions. But, perhaps in spite of all that I have said, you might still want to test the Suncoinz investment programs. As always, the advice is to be cautious and to never invest more than you can afford to lose. If your funds permit, diversify your investments. Good luck!
