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May 18, 2018, 06:06:23 PM |
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It's all red flags in this project. First, when you navigate the site, all you see is testimonials, videos and other material trying to lure you into “invest” in it. Sure, sure, that's called marketing. But even inside your dashboard you're flooded with notifications about some random people uploading reviews.
If for some reason you decide to invest on WestlandStorage, you're required to send exactly the amount of BTC, ETH or whatever you're willing to say goodbye. If you manage to miss even a satoshi, the system will be unable to process your request. How hard is to write a servlet that listens to an address and process the deposit made?
Then, you go to check the FAQ, only to discover that your investment will be locked for at least 40 days, and then, you'll be allowed to withdraw only 50% of the deposit. Even in North Korea this kind of abuse is illegal.
You're lured on a promise of a ROI of a daily 1% (although it's more like a weekly 6%). Another red flag. There's no way to make that kind of money unless you're running a Ponzi.
I've decided to research this a little more. I've made a small deposit back in April: 0.229 ETH. Not a lot back then. Guess what. Fourty days had passed and today I tried to contact the guys behind this, via Telegram, via email, via Twitter. No one is there.
Did I mention that, just after my registration and deposit, I've received an email from a Yahoo account demanding some more money to cover for gas?
The last red flag? Go check the registration info on the domain. Talking about that, doesn't sounds weird the word “Storage” for a startup that claims to buy real estate? It's almost like they bought a random expired domain and exploited its popularity, isn't?
Oh, and before you shills start trying to deny it all, I have several FAQ pages stored on Internet Archive. Yeah, they've changed the penalty fee on withdrawals from 25% to 50% overnight. Don't you believe me? Go check out by yourself. Do your own research.
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