Optonium Coin aims to be a useful new cryptocurrency available for all types of online transactions. Find out how it works today in our review.
What is the Optonium Coin?
Optonium Coin, found online at Optonium.io, is a digital currency that “makes your day to day life simpler and worry free,” explains the official website. The digital currency aims to be “electronic cash”.
That’s about all we can understand from the Optonium Coin website. The site is a jumbled mess of information, including poorly-worded sentences and paragraphs that are impossible to understand.
Don’t believe me? Here’s how the company describes the “Decentralized” aspect of its coin:
“Issued with no focal expert. There is no administration, organization, or bank accountable for Optonium Coin its pourly decentralised Coin.”
Yes, that’s the word for word description from the official website. The entire site is written like this.
When somebody puts this little effort into building their digital currency’s website, we assume we’re dealing with a scam coin. However, let’s take a closer look at how Optonium Coin works.
How Does Optonium Coin Work?
Optonium Coin, like many scam coins, doesn’t have any existing products or services. Instead, the only real feature of the coin is that it will be attached to a lending and staking program in the future.
There are no other major development goals listed on the Optonium Coin timeline. The lending and staking program is scheduled to begin in March 2018.
Like other lending scams, Optonium Coin advertises ridiculous daily returns. The company doesn’t even bother hiding the fact that it’s a Ponzi scheme: it advertises “guaranteed returns” well over 1% per day, for example. In general, investors can expect to earn 30% to 60% returns per month through the Optonium Coin lending scheme. All you need to do is give the company a bunch of money, then let them lock it up for 2 to 6 months.
Optonium Coin Investment Packages
Optonium Coin advertises all of the following “investment packages” as part of its Ponzi scheme:
- $100 to $500: 0.25% ROI per day + “daily return”, 30% per month ROI maximum, money locked for 179 days
- $510 to $2000: 0.35% ROI per day + “daily return”, 35% per month ROI maximum, money locked for 149 days
- $2010 to $5000: 0.45% ROI per day + “daily return”, 40% per month ROI maximum, money locked for 129 days
- $5010 to $50,000: 0.55% ROI per day + “daily return”, 45% per month ROI maximum, money locked for 109 days
- $50,010 to $100,000: 0.65% ROI per day + “daily return”, 50% per month ROI maximum, money locked for 89 days
- $100,010 and Up: 0.75% ROI per day + “daily return”, 60% per month ROI maximum, money locked for 69 days
Ultimately, there’s no proof behind any of these numbers, nor is there an explanation of how the “daily return” works. There are obviously legitimate investment opportunities in the lending space – but based on all of the information we can find online, Optonium Coin is far from a legitimate investment opportunity.
Who’s Behind Optonium Coin?
Optonium Coin’s website features dozens of names and faces, although none of them appear to be real people. The founder and CEO of the company is named Scott Matteson, for example, and the Vice President is named Noel Roegiest.
The website also lists an extensive advisory team, including an Electrical Engineering Advisor. Again, there’s no evidence any of these people are connected to the project in any way. And why would a digital currency company employ an Electrical Engineering Advisor?
Optonium Coin doesn’t provide any contact information or location data for the company. The website vaguely mentions offices in the United States, Australia, India, and Singapore. However, there’s no address information available online. There’s just one way to contact the company: by email at [email protected]
The Optonium Coin OPO ICO
The Optonium Coin pre-sale is underway throughout January and February 2018. There are limited details about the token sale available online. The whitepaper mentions that a total of 250 million tokens will be sold during the ICO and pre-ICO. However, we don’t have many details beyond that.
If you feel like donating money to a group of scam artists, then you can sign up for the Optonium Coin ICO at Optonium.io.
Optonium Coin OPO ICO Conclusion
Optonium Coin seems to be an obvious scam. The company promises investors “guaranteed returns” of 30% to 60% per month with no risk or hard work required. You just give the company a bunch of money, and they’ll magically turn it into more money. The company doesn’t sell any products or services. The just have a single “lending platform” that they plan to launch in March 2018. The website and whitepaper are literal gibberish at some points.
Ultimately, when a company like Optonium Coin starts talking about offering “guaranteed returns” of 30% to 60% per month through a “lending platform”, you can safely replace the word “lending platform” with “Ponzi scheme”.
To learn more about the Optonium Coin scam, visit online today at Optonium.io.