First Thoughts on CoinExtender.
CoinExtender just began a “Silver” listing on the EmilyNews monitor; they have also just begun their online presence. So, we are very pleased that CoinExtender has chosen to list their program with us from the beginning of their online operations. Many other programs are also advertising their programs with us from the “get-go” and we take this to mean that they are satisfied with the services that we offer. We try our best to be fair and honest with advertisers and to also provide useful information and advice for investors. We hope that we are achieving these objectives…
But, on to CoinExtender…
CoinExtender claims to be in the business of cryptocurrency mining. A least right now, their focus in on DogeCoin (XDG). The FAQ page on the website states:
Coin Extender Group is involved in mining cryptocurrency by means of modern, up-to-date equipment. We mine the most profitable coins overtime. Now, we intend to extend our farm by offering partnership to willing investors and sharing the outcome with them. To collect shares and distribute the profit, we have chosen Dogecoin, as it has a more stable exchange rate, as well as least Blockchain service fees.
This appears to be all that the website tells us about the CoinExtender company.
Next, let’s take a peek at the investment plans that CoinExtender offers. There are five of them and they are unusual for a number of reasons:
First, all transactions take place in DogeCoin. This might not be a surprise, however, since DogeCoin is the coin that they are mining.
Second, the minimum investments for the investment plans are very low. As I write this, one USD trades for around 432 XDG. So, the lowest interest plan, with a minimum investment of 1,000 XDG, converts to around a minimum investment of only around $2. At the other end of the spectrum, the highest interest plan, with a minimum of 50,000 XDG, converts to a minimum of around $116, which will still be a doable amount for the serious online investor. So, I suspect that this highest interest plan will be the most popular one. All of the investment plans are 90 days long.
Third, interest rates are somewhat camouflaged. The table of investment plans gives the minimum investment in XDG as well as the daily return in XDG. If you divide the return by the minimum investment, you will get the daily percent return for the plan. As an example, for the lowest interest plan with a minimum investment of 1,000 XGM, the daily return is 14.5 XGM. Dividing 14.5 by 1,000 (and multiplying by 100) you get that the percent return is 14.5%.
Fourth, although it is not explicitly stated, it appears that your investment is returned as part of your earnings.
This is an intriguing program and there is a lot more to say about it. We expect to have a review of CoinExtender complete within the next few days where we will take a close look at the pros and cons of the program. Please stand by…
*********************************
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!
*********************************
Be the first to get most important HYIP news everyday!
Simply Follow EN Facebook, EN Telegram, EN Twitter
or Subscribe to EN Feedburner and submit your email address!
If you like this article, please share it by using the social media buttons below.
