The lucrative nature of the cryptocurrency industry has enticed many investors who find it an attractive way of raking in abnormal profits within short periods of time. One of the profitable means of making money through the cryptocurrency industry is mining. However, this is a sector within the lucrative industry which has been plagued by many scammers.
What Is Exar?
Exar is a site which claims to offer huge returns when investors deposit money for mining cryptocurrencies. The owners of the site promise investors with huge returns of between 2-8%. Apparently, in any genuine mining setup, this is virtually impossible. Even during the time Bitcoin and Ethereum were rising, it was not possible for investors to make 8% within 24 hours.
Features and Plans
Exar is largely a high yield investment program. This is due to the fact that the operations of the site are not real. The site claims that high levels of investments guarantee more earnings. The site also has up to 10 investment levels, the more GH/s an investor buys, the more profits they make per day, cupped at 8% daily ROI.
In order to earn more, the site indicates that a two level deep referral program which compensates 12% and 5% respectively. By and large, anyone investing in this scheme is bound to lose since the site is not paying and will disappear soon.
In spite of the fact that the profits margins presented by Exar look appealing, they are unquestionably not realistic. This is based on the volatility of the cryptocurrency industry which cannot sustain such gains. In as much as there may be no concerns regarding this site, it however has all the characteristics of a Ponzi scheme.