Today our subject will be a new crypto company called Eyeline Trading. The company states that its mission is to bring the “secrets of wealth to the world” and give people an opportunity for them to improve their lives.
The company will launch crypto and blockchain products and it works using a multi level marketing (MLM) structure, meaning that you will be able to make money from this company by helping it to sell these products for other people.
What Is Eyeline Trading?
This company was allegedly created by a man called Jean Paul Ramirez. The founder of the company is a leader in the financial industry for many years and his involvement with cryptos was started in late 2015 and he has been interested in this market ever since.
According to the site, the company is based in Colombia but has offices in the United States (in Utah, California and Nevada), El Salvador and Mexico.
If you decide to look for more information about the company or about Jean Paul Ramirez, you will not find anything solid. This means that it cannot be proved that this man actually exists and that this company is not a scam, which is already an awful start.
What Is Eyeline Trading Actually Selling?
The main service that is being offered by Eyeline Trading are cryptocurrency trading packages that work together with MLM. The real way to make money is by investing in the trading packages. By paying $40 USD (paid in BTC), you will receive a daily return on investment of 0.66% for 365 days and then get your money back.
You can also promote this product and get paid a 10% commission (or 20% if you invested $40 USD in a package yourself). There is some residual commission if you the people that you called to the company actually call more people. You will get 5% to 1% of their investments. The more people you can convince to join, the more money you will eventually make.
AI Trading System
Other products of this platform include a trading system that uses artificial technology to obtain a better result, mining technology and a cryptocurrency exchange. You will be able to send and receive money via the exchange platform and use arbitration techniques to gain money. The company states that the platform is 100% secure and easy to use.
The EyePay Card is a debit card that you can use in banks whenever you need to spend your virtual currency in the non-virtual world. With the Eyewallet, you will have your own wallet to store your favorite tokens.
EyeCash Tokens (EYC)
Finally, there is also the Eyecash tokens. The company is planning an Initial Coin Offering (ICO) to sell the tokens at the price of $0.08 USD per token (but it only accepts BTC). According to Eyeline Trading, the “initial sales” number of tokens will be 60,000,000 EYC tokens. These tokens will be worth renewable energy and each token will be the equivalent of 1KW of electric energy.
Is Eyeline Trading A Scam?
Yes, Eyeline Trading is a very clear Ponzi scheme. The company does not intend to pay anything back to you in a year, it will only take your money and run away. By using referrals, the company transforms its own clients in vectors to spread the scam and get more people to give money to it.
It follows the famous USI-Tech scam very closely, so we have no doubt that this company is, indeed, not well intentioned. Also, it states that it began its services last year but the site is very recent, there is no information about the creator and the ICO is really shady.
The Eyeline Trading Verdict
Do not invest in this company unless you want to lose your money. You might even be able to make some money by convincing other people to invest in the scam, but remember that promoting Ponzi schemes is illegal in most countries, so you would be breaking the law by promoting it.