NewTycoon Plus claims to be offering investors a “simple, proven, and profitable” earning system. Find out how it works today in our review.
What Is NewTycoon Plus?
NewTycoon Plus, found online at NewTycoonPlus.com, is a cryptocurrency investment opportunity related to cryptocurrency “Mining Power” or “MP”.
The company, which also refers to itself as NT+, allows members to buy cryptocurrency Mining Power from mining hardware in its mining farm. MP is measured as “mining capacity for a period of 7 months.” Typically, we measure the capacity of a crypto miner in hashrate. It’s unclear why NewTycoon Plus has chosen to use a unique term like Mining Power.
In any case, NewTycoon Plus seeks to provide the same benefits as other cloud mining services: you enjoy the benefits of cryptocurrency mining with none of the maintenance costs. You can rely on NewTycoon Plus to manage everything on your behalf.
NewTycoon Plus is careful to say that it’s not an investment and that it doesn’t offer 42% returns on each investment period. However, the company does advertise 6% returns per month over a 7 month period – so make of that what you will.
How Does NewTycoon Plus Work?
NewTycoon Plus seems to work in a much different way than traditional bitcoin mining operations. Here’s the basic process you’ll use to purchase mining power through the platform:
Step 1) Members buy Mining Power in multiples of $100 USD per MP. After you purchase, there will be a 1 month waiting period while your MP is being established.
Step 2) Members lease their Mining Power back to NewTycoon Plus via an “Asset Lease Agreement”. Each lease period is 7 months at 6% per month. Payouts are delivered in bitcoin. In other words, you earn passive income of 6% of your Mining Power per month, every month, for 7 months. However, NewTycoon Plus reserves the right to change this 6% rate at any time.
Step 3) You can also add “active earnings” to your passive earnings when the lease expires. After the 7 month lease, NewTycoon Plus will buyback the Mining Power from the member, paying 100% of your initial purchase in bitcoin. Then, you can refer other members to the platform, receiving a commission whenever they sign up.
NewTycoon Plus claims to be experiencing rapid growth “with both passive and active members.” However, the company doesn’t appear to provide membership information upfront.
NewTycoon Plus NT+ Earn & Learn Cryptocurrency MLM Features
NewTycoon Plus advertises all of the following features:
- Security: “Our site resides on a dedicated server,” explains the official website.
- DDoS Protection: NewTycoon Plus, like most websites, has DDoS protection.
- Peace of Mind: NewTycoon Plus provides 24/7 technical support.
- SSL Certificate: The NewTycoon Plus website has an SSL certificate.
- Rewards Program: Earn money by referring people to the platform. NewTycoon Plus has a network marketing/MLM style referral system that will reward you for referring other people to the platform.
NewTycoon Plus Pricing
NewTycoon Plus charges a $50 USD registration fee for creating new NT+ accounts. They claim this fee was added to reduce fraudulent registrations. However, the $50 fee is put towards your first Mining Power purchase.
For example, if you purchase 12 MP, you’ll only need to pay $1150 USD instead of $1200, because your $50 registration fee is put towards the purchase.
NewTycoon Plus has not yet disclosed pricing information for its Mining Power packages.
Furthermore, NewTycoon Plus does not offer any refunds or cancellations after your payment is made.
Who’s Behind NewTycoon Plus?
NewTycoon Plus is led by Founder and Chairman Richard Tan, Founder and CEO Michael Burnett, Founder and General Manager Veronica Tan, and Founder and Advisor Dr. Patrick Liew.
The company is officially a subsidiary of SuccessLife Global Pte. Ltd, a Singapore-based company. The network describes itself as “the world’s first global decentralized marketplace for premium personal and business development content.”
NewTycoon Plus Conclusion
NewTycoon Plus is an unusual bitcoin mining scheme. Users can purchase Mining Power, or MP, from the company, then lease it back to the company while earning 6% ROI per month for 7 months. In other words, you can buy $1200 worth of Mining Power today, then earn 6% ROI on your $1200 investment for the next 7 months.
NewTycoon Plus doesn’t work like most other cloud mining systems seen online today. Typically, you purchase “hashrate” from a company, then mine cryptocurrency using that hashrate.
NewTycoon Plus also has an unusual network marketing / MLM style referral system. You can’t directly sign up for any plans through the platform: you’ll need to know someone’s referral ID to sign up. As with most MLMs, you can expect a good chunk of your money to be funneled up the pyramid – with relatively little going towards the actual product or service.
NewTycoon Plus doesn’t offer any refunds on purchases. The company also doesn’t do a great job of transparently explaining features, packages, or mining hashrates upfront.
To learn more about NewTycoon Plus and its unique “earn and learn” MLM-style crypto mining system, visit online today at NewTycoonPlus.com. However, be skeptical about any earnings promises made by the platform.