It's rules reek of ponzi scheme.
Here's what concerns me:
- Requires a lock in period, which means the investor loses control of decision making - this is the opposite of how traditional investments work; If the company believes in its business model, why be so concerned that people will withdraw their investment?
- Loans cannot be guaranteed, so either these people don't understand bitcoin or they really don't plan on keep the capital invested secured
- "401k" is not an investment principle, nor is it a way to describe the matching companies do for their employees; This company has used "401k" as a central part of their value proposition, yet they clearly don't understand what "401k" is
- Why would they pay dividends on funds the investor didn't actually invest? They mention that your loan is matched with another loan of a lesser size and the investor gets dividends on both - this isn't logical
Stay away from this thing, it's rubbish.
Any new investment idea that has a lock-in period is a classic ponzi scheme. They require the early investors to lock in their investment to buy time for more investors to join and then they take the funds and disappear before the lock in rate ends or once they believe they've maxed out the investments gained from the hype.