Bittrado Coin, found online at Bittrado.com, is a cryptocurrency mining, staking, and trading scheme that promises to help you make money. Find out how it works today in our review.
What is Bittrado Coin?
Bittrado Coin is an online ecosystem where you can trade and gamble with low fees. The platform claims to be “extremely safe”. In addition to letting users gamble, the platform has a staking platform where users can “unlock the fun of reward based staking with blockchain.”
There’s also a mining system and a trading platform.
The token sale for Bittrado Coins is underway from January 4 to February 9, 2018. The tokens are priced at $0.50 during the beginning of the token sale, rising to $1.50 by the end of the sale.
Ultimately, Bittrado has all of the red flags we associate with cryptocurrency lending schemes – like the notorious Bitconnect scheme that shutdown in January 2018. One of the biggest red flags is that Bittrado claims to pay users 45% returns per month through a lending scheme. That lending scheme promises to “multiply your digital assets”.
How Does Bittrado Work?
The Bittrado website is a mess of information about the company and its platform. The website mentions gambling and gaming, for example, but it’s difficult to find any additional information about these platforms.
Instead, the main focus of Bittrado seems to be pushing investors towards its lending scheme. That lending scheme will pay users 45% returns per month and 0.31% returns per day. All you need to do is give the company a bunch of money and let them lock it up. Then, you just sit back and let Bittrado “multiply your digital assets”.
There’s no proof that Bittrado has a lending scheme in place, nor is there any proof this isn’t a Ponzi scheme.
Bittrado’s investment packages include:
- $100 to $100: 45% ROI per month, money locked for 199 days
- $1001 to $5000: 45% ROI per month + 0.11% ROI per day, money locked for 179 days
- $5001 to $10,000: 45% ROI per month + 0.21% ROI per day, money locked for 149 days
- $10,001 to $100,000: 45% ROI per month + 0.31% ROI per day, money locked for 99 days
Bittrado also pays users an affiliate bonus. If you convince someone to deposit money into the lending scheme, then you can make referral income down 15 (!) levels. You get paid 8% commission on level 1, for example, dropping to 0.5% commission on levels 7 through 15.
Bittrado advertises all of the following features:
- Low Fees: Bittrado claims to offer “the lowest cost” for all trading, gambling, deposits, and withdrawals.
- Safe and Secure: Bittrado claims to have a “transparent mechanism of charges and commissions”, making it “the safest peer to peer online exchange.”
- Staking: Bittrado has a staking system where users can earn investment returns by staking coins in their wallet.
- Mining: Bittrado is a hybrid PoW/PoS blockchain, which means users can also earn coins through mining.
- Lending Scheme: Make 45% returns per month and higher by locking your money into the Bittrado lending scheme.
- Trading Platform: Bittrado has a built-in trading platform where users can trade Bittrado Coins.
The Bittrado ICO
The Bittrado ICO is taking place from January 4 to February 9, 2018. Tokens are priced at $0.50 at the start of the sale, rising to $1.50 by the end of the sale. A total of 10,000,000 BTR coins are being sold during the ICO.
The money raised during the ICO is going towards vague purposes like “System Development” (20%), “Market Stability” (40%), “Advertising & Marketing” (20%), and an Investors Reserve Fund (20%).
There’s a total supply of 50 million BTR, with 10 million of those coins pre-mined. Those pre-mined coins appear to be the ones sold during the ICO.
Who’s Behind Bittrado Coin?
Bittrado posts no contact information and no team information online. There’s no proof regarding any aspect of Bittrado or how it works.
Typically, when a company is asking for your investment money, but refuses to publicly connect anyone with that investment, it means you’re being scammed.
Bittrado posts no contact information online aside from a single email address: [email protected] In general, it’s a bad idea to send money to someone online when they refuse to disclose their identity – especially when that person is advertising a ridiculously lucrative investment opportunity.
Bittrado Coin Conclusion
Bittrado appears to be a scam. The company’s website and whitepaper vaguely mention gambling and gaming operations. However, the main point of the platform is to funnel users towards a Ponzi-style investment scheme. That scheme, called a lending platform, will pay users 45% returns per month and higher. All you need to do is give the company a bunch of money, and they’ll lock up your funds for a few months. Then, your digital assets will “multiply” and you’ll get rich quick.
Unfortunately, there’s no transparency regarding any aspect of the Bittrado project, and no proof that any investor will make any money.
To learn more about the platform, visit online today at Bittrado.com.