💥💥💥💥💥 Gosh, I don’t think I’ve ever seen so many paid comments posted about a topic! 💥💥💥💥💥
🔴 I’m obviously interested in such things, but since I’ve kind of seen it all already, I make sure to always get to the bottom of things. Now, I will explain to you in very simple words why you should NOT invest in this particular smart contract. I will use very basic logic, to make sure that paid trolls (hate them!) who are promoting this project here won’t be able to say I’m wrong!
🔴 So, let’s take a look when the project was launched and compare it with 333eth (this is not advertising – now you’ll see why). 333Eth spends 11% of all it receives on marketing, to attract new members – and you can check that it’s true if you search for 333eth on YouTube. There are literally tons of vlog reviews. Now search for EASY INVEST – what do you get? Only two very sorry-looking videos with tiny numbers of views.
🔴 Take a note – and let’s move on to compare how these two funds are growing.
🔴 The numbers speak for themselves:
EASY INVEST received ETH 700 in roughly a day and a half, from Sep 24 00:00 till Sep 26 19:00 – it grew from ETH 276 to 989, or 260%.
As for 333ETH, it received ETH 1553 (growing from 4763 to 6320) in the same period – or by 32%.
🔴 So 333ETH – with its marketing budget of about $500k – attracts 8 times less new users (in terms of percentage, as in 260/32) than this EASY INVEST – a project that nobody knows about, apart from its organizers and a handful of paid trolls!! THINK ABOUT IT!
🔴 Do you really think that investors would flock to a project that basically has no marketing? Have you ever seen anything promoting itself, without any advertising? Look at drugs that save lives – even they will not sell without advertising. Proper marketing is essential for any business, it would be stupid to deny that.
🔴 11% of the total profit is nothing – it’s just your earnings for 3 days in the project – but as a marketing budget it’s huge, so it virtually guarantees popularity. While what you are buying here is basically a black box – there is no advertising, so you can only hope that it will grow on pure hearsay. But who – and with what money – will pay for the servers, tech support, website maintenance? Or is it supposed to survive until the first Ddos attack only? Are you planning to look for unpaid volunteers to take care of the site for you? Or crowdfund the servers? Will you personally pay someone to do that work? I guess not. Then who will? So I’d say you have to multiply the risks by 10. Organizers themselves are not risking anything, since they own more than 90% of the fund. They’ll just get it back at 4% a day without any risk – a smart move, huh?
🔴 And now for the most interesting part – the revelation.
Here’s what’s happening: a large investor (or several) are dumping hundreds of ETH into the fund – only the way they are doing it is very blunt, careless, they are driven by greed! All they want is to show potential clients that the fund is growing steadily, but their greed makes them go too fast and put in too much, because they understand they are losing time – the key competitive advantage! And the MAIN thing is that they are trying to invest as much as possible right now, so that when average users arrive (because they’ll be attracted by the large size of the fund), these large investors will receive a HUGE interest on their investments out of the money paid by that gullible mass.
🔴 It’s a great scheme – surely it will work very well on all those dummies who believe that you can promote something WITHOUT ADVERTISING and that those 11% that they save are more important than a multimillion advertising budget))).
🔴 The security part is interesting, too – note that in all I wrote I was kinda supposing that nobody can steal that money, but… Did they had an audit? The way 333eth did? (This week they will finish a second audit by
https://hub.hacken.io – not some random company, they did the audit for Vechain, OSA, etc.) And what kind of audit has EASY INVEST done? “Our smart contract is simple and easy to understand” - that’s all you have to say to investors? How can I – as an investor who can’t understand anything that’s written in a smart contract – check if it’s true? Go and learn coding?
🔴🔴🔴 So I can’t say that there is no risk of someone stealing all that money that the organizers have pumped into the contract, but I can’t say how big that risk is, because – as I said – I can’t read the smart contract.
