This is SCAM project already! Do not invest there anymore!
Well, the Clemenbit website is a breath of fresh air. It is so simple and clear. The reader doesn’t have to struggle to figure out what is being said. Almost everything important is given on the home page; it almost isn’t necessary to look further. If a person does have a question or two, the FAQ page does an excellent job of clarifying details that might have been omitted on the home page. On top of this (as a bonus for me!), the background photograph on the Clemenbit home page happens to be taken at 5th avenue and 42nd street, right in the heart of Manhattan, the center of New York City — which happens to be my home town. In spite of this, I will do my best to provide you with an unprejudiced review of the program!
Clemenbit is incorporated in Great Britain and has been active online since April 5; it is a new program. However, in little over a week, they have accumulated over 1,000 registered members and over $50,000 has been invested in the company. So, they are moving along.
The Clemenbit professional team is involved with both forex and cryptocurrency trading. They claim to be able to profit whether the market is going up or down, both due to their own level of expertise as well as to information given by computer programs they have developed that provide them with predictive information upon which they can base their decisions of when to best make a trade. These skills have been developed and perfected by means of practice with tiny investments. Just like learning to drive a car. You must learn to drive slowly before you can safely drive fast.
Clemenbit has one simple and very logical investment plan. It runs for 90 days and the interest earnings that are paid are keyed to company revenues, both to protect the company from excessive spending on days when trading produces weak returns as well as to reward investors on strong days. A minimum daily interest rate of 2.1% is guaranteed while a ceiling is put at 3.5%. The minimum investment is $10 and the maximum is $50,000.
Because the daily interest changes, it’s really impossible to predict income from this program. However, based on interest rates that have been paid so far, we can at least give it a try. But, first, let’s put some limits on what you might earn by considering the minimum and maximum earnings that are possible. Using the minimum interest of 2.1% for 90 days, the total interest you will earn over the investment term will be 189% (90 x 2.1). Since this includes your initial deposit, your pure or net profit will be 100% less than this or 89%. Using the maximum interest rate of 3.5%, the total interest will be 315% (90 x 3.5) and the net profit will be 215%.
As I write this, the program has been in operation for 10 days. The home page provides a record of interest that was paid every day, the average of these entries being 2.69%. This is very close to the midpoint between the min of 2.1% and the max of 3.5%, which is 2.8%. All of this is guesswork, but let’s take a look at earnings for this midpoint interest rate. For the 90 day period, the total interest you would earn would be 252% (90 x 2.8) and the net profit would be 152%. Still working with this middle interest rate of 2.8%, it would take you around 36 days to break even (100/2.8). So, a person investing in this program should not expect to be in profit for at least a month, perhaps a month and a half. In general terms, you probably won’t be in profit until the 90 days term of the investment plan is roughly halfway over. The second half of the plan is when you can expect to put some money in your pocket. Again I emphasize that all of this is an educated guess. But, an investor should have something to go on before he decides whether or not to invest his hard-earned cash in a HYIP. This is the type of analysis I would do myself before making this decision. I hope it is of some help to you.
An investor can make additional money from the Clemenbit referral program. It “uses multilevel referral commission which will pay 4% from each deposit of level 1 referrals, 2% from each deposit made by your level 2 referrals and 1% of each deposit made by your level 3 referrals. For all levels of the referral program you get +0.05% for each active referral!” The additional 0.05% commission on ALL deposits in your downline is a perk that I have not seen before. It’s small, but for the diligent recruiter who might have thousands of people in his downline, it could be significant. For example, if one person in your downline invests $100, your commission would be $0.05 (.0005 x 100), only five cents. However, if you have 1,000 people in your downline each investing $100, your commission would be $50 (1,000 x .05). Still quite small, but not negligible. In comparison, if you sponsor one person who invests $1,000, your referral commission would be $40 (.04 x 1,000). The lesson might be that it is more lucrative to aim for partners that can invest a lot of money rather than trying to recruit many of them who will only make a small investment. You do not have to have an active deposit in order to participate in the Clemenbit referral program.
At present, Clemenbit accepts the following e-currencies: PerfectMoney, Payeer, Bitcoin, ADVCash, OkPay, and Payza. Deposits are added to your account very fast although you will have to wait for the verification process to be complete in order for a Bitcoin deposit to appear in your account. Withdrawals are usually processed within a few hours but always within 12 hours. As soon as the daily interest is posted in your account, it is available for withdrawal. There is no upper or lower limit on the size of the withdrawal that you can make.
For support there are the standard contact form and email address, both of which probably go to the same place. There is also a Great Britain phone number that residents of that country are welcome to try. I wouldn’t expect an answer, but perhaps you will be pleasantly surprised. There is a chat feature that may or may not be working. As a test, I sent a simple message asking them to respond with a “hello” or something like that. All I received back was a message that all operators are busy and that I should give an email address and they would respond in that manner. So, I am not sure about the chat feature. However, since it is technically there, I would assume that, even though it might not be working now, it will be up and running in the future.
All in all, I like the Clemenbit program. Being an advocate of the KISS theory (Keep It Simple, Stupid!), it appeals to me because of the clear and logical manner in which the program details are presented. So, if you have similar feelings, this might be the program for you. However, be cautious when investing in ANY such program as a high level of risk is always involved. Diversify your investments among a number of programs and never invest more than you can afford to lose. Good Luck!
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To the Admin: We always welcome comments on our reviews — pro or con — and we will be happy to publish them in the Emily News blog.
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Please don’t forget that you can post your screenshots of payment, scam, or other proofs related to a program by clicking on the “Details” button in the Emily News monitor. Also, don’t forget that you can add your referral link when you post your proofs — another way to build your downline.
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