Investment bot CoinGain is a banal HYIP project


Content
The Coingain.app specialists created a standard bot at the beginning of 2019, tested and improved its work for almost a year. The main difference from other analogs is machine learning technology, which allows you to improve the methods of trading bots.

Known links

  • coingain.app

Notable names

  • CoinGain

CoinGain – usual scam… Its developers are trying to assure users that they have developed a bot that allows them to automatically make money on investments in cryptocurrency. Not really. What is it really CoinGain? Let’s figure it out.

E-mail addresses of the project

  • [email protected]
  • [email protected]

Attention! scammers very often change the addresses of their scams. Therefore, the name, site address or email may be different! If you did not find the address you need in the list, but the scam is very similar to the one described, please Contact us or write about it in the comments!

Information about the project

The site is in English, but it’s not difficult to translate. Let’s start with a legend. The crooks write:

Scam legend

Investment program with limits

Coingain.app offers easy to use and legal an investment program in which you can invest any deposit amount from 1 dollar and receive absolutely passive hourly earnings.

Legal? No, not legal. But we read the legend further:

Bot for automatic cryptocurrency trading

Our homemade cryptocurrency trading bot shows excellent results over a short working distance, but the term and percentage of earnings are always different.

Randomized profits for members

Our members earn in total 102.5% -110% daily, for terms from 24 to 72 hours. This spread of numbers is due to different values ​​of the robots trading results.

Rogue rates

And how much do they offer to invest? From $ 1 and higher. Charlatans Accept Transfers for Payeer and Perfect Money… They also use Bitcoin, Ethereum, Litecoin, Dogecoin, Ripple… As you can see, only e-wallets are involved, on which a refund is not possible.

The project has a referral program. It consists of two statuses.

Member status:

  • one level
  • payments are 3%

Representative status:

  • three levels
  • payments are 3% – 2% – 1%
  • the status is assigned with a turnover of more than 25,000 US dollars

The swindlers claim that their company is registered in London. They left a link to the UK Companies House website. Ostensibly their sharaga is called BIT GAINS LTD, registration number 12389401… Since this registry is freely available, any crook can steal and appropriate the data of someone else’s company. In addition, in the user agreement, which the scammers offer to familiarize themselves with, BIT GAINS LTD not mentioned.

Filkin's certificate

Scammers offer Android phone owners to download their application. And although at the moment antivirus scanners have not found viruses in the file, you should not download it, because This application is not available on Google Play.

Registration on the site is simple. In your personal account you can replenish your account and make a deposit.

HYIP personal account

Project contacts

  • https://t.me/coingainappchat
  • https://t.me/coingainappnews
  • https://www.instagram.com/coingain.app/?igshid=3tzqfc2nkqqt
  • https://www.tiktok.com/@coingainapp

Site data:

  • Domain coingain.app was registered on August 30, 2020
  • Owner’s name is hidden

Exposing the project

CoinGain is simple HYIP-project. That is, a pyramid scheme. Scammers do not trade cryptocurrency. The scam is supported by contributions from participants. Payments are generated from this general cash desk in a random order.

While the depositors will replenish the cashier, the project will work. But sooner or later given the soap bubble will burst like any other pyramid. Why? Because the administration works on debt. There is always less money in the cash desk than is needed to cover all obligations. Only due to a delay in payments of 1-3 days, the project will keep afloat for some time. But the debt hole will grow. There will come a time when there will not be enough money even for current payments.

Scammers understand that collapse is inevitable, so they will bankrupt their scam before the cashier runs out of funds. The villains will take the money for themselves, and leave ordinary participants with a nose.

After the scam, the project can restart. This will create the illusion of project longevity.

Potential losses on the project

Total: calculation of possible losses on the project – limited by your financial capabilities.

Conclusion about the project

CoinGain is HYIP with all the ensuing consequences. The scam will certainly burst, which means that all of yours can turn into losses.

Take care of yourself and your savings with Baxov.Net

Review rating 4.4 (8)

Author

Photo by user irina.zizitop

Terentyeva Irina Naumovna

(irina.zizitop)

Hello everyone, my name is Irina, I am part of a small team of the Baxov.Net project. I have been in the project since the end of 2018 and during this time I have met and analyzed a huge number of not honest projects. I am happy to help and protect people from scammers on the Internet.


12/16/2020 – 18:12

2 persons

General opinion: Scam

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financial Pyramide

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