First Thoughts on CryptoLux.
CrptoLux is VERY different from the typical HYIP. The reason is that CryptoLux is actually the name of a new cryptocurrency with the designation CLX. So, the greater part of this website is devoted to a description of this new coin, the ICO (initial coin offering) associated with it, and its unique features relative to other cryptocurrencies. In addition to the website description, there is also a “White Paper” that provides the details on the many ways that an investor can make money with this program. One of these ways IS the same as the standard approach that is used in HYIP investing and, since this is what we are interested in at EmilyNews, we will limit our reporting to this aspect of the overall CryptoLux program. This is what they refer to as “Crypto Trading.”
As the name implies, CryptoLux has its own cryptocurrency trading system. It uses a “trading bot that generates a passive income/profit up to 45% each month. Our trading platform represents the perfect opportunity for users that don’t have the opportunity to trade on their own.” It looks like your daily earnings depend on both the size of your investment as well as on your rank in their referral program. There are eight different ranks, the two or three highest ranks requiring very high minimum investments. A quick look at the daily returns for the different ranks indicates that they are fairly modest but still lucrative enough to be attractive to the HYIP investor. They also look as though they are in a range wherein you could expect the overall program to be a long-term survivor.
It is important to remember that this “Crypto Trading” is just one aspect of a much broader program which primarily deals with the new coin that has been created. To repeat, I am not going to get into any of that in our coming review, but rather will treat CryptoLux in the same way that I would treat any other HYIP. This means confining our attention to the cryptocurrency trading aspect of the overall program. We will be taking a very close look at the pros and cons of this trading system when we review the program. Please stand by…
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