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July 27, 2019, 11:20:12 AM |
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My Solid Coin faucet review
Overall Opinion - SCAM
My Solid Coin is a Bitcoin faucet that claims to provide up to 360,000 satoshi (0.0036 BTC) on a monthly basis at no charge to registered members. It also offers a referral program that pays referrers a 5% commission of any claims and deposits made by their referred users. RCB can be shared so that the referred user gets a share as well as the referrer, but this would half the income for the referrer.
The website gets most of it's members through referrals, and the website heavily encourages referrals to help users earn enough satoshi to purchase "Treasure Upgrades". These upgrades cost around one third of what they can yield within the 30 days of which they are active. In other words, the website is a HYIP (high yield investment program) as it claims that it can almost triple your money with hardly any risk.
The most ironic feature of the website is that it does not pay out to most customers. The website is based off of a Ponzi scheme. A Ponzi scheme is a scam promising substantially high rates of return in comparison to the amount invested with a very low amount of risk involved. The scheme generates revenue from new investors in order to cater for early investors. My Solid Coin is a good example of this scheme.
When you attempt to withdraw from the My Solid Coin website, it demands for you to purchase some type of treasure. For you to collect your money, you need to pay money - wow!
Do not trust this website and do not invest your money or time into it.
Thanks,
Shay
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