02/03/2011. DenXon Review and Daily News from the Industry

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everybody! As you might have noticed despite yesterday being such a bumper day for news on MNO there was still time for two extra programs to make it onto my monitoring list. One of these, one that opened for business only the day before yesterday, is called DenXon. And that’s the program I’d like to take a look at in a bit more detail before we continue with this Wednesday’s news update.

Starting with the plans I guess for once I find myself a bit lost for words. The thing is that DenXon is really only remarkable in it’s simplicity on that front as you only have the one single plan to choose from. So “take it or leave it” then is basically the choice you have to make next, which on the plus side shouldn’t take you all that long! However is you’re deciding to take it, it’s really not that bad an option provided you like longer term plans.

The first thing that needs to be said is that DenXon make daily interest payments. The plan itself doesn’t have an expiry date, so once you’ve joined you will continue to get paid either until you decide to request your principal back (as is your right) leave or the program collapses, whichever comes first. So the actual term that you stay an active investor with DenXon is up to you. There’s just one very important point you need to keep in mind before joining – there’s a minimum 12 week lock-in period during which you will not be allowed to leave. So right from the start be careful that anything you invest here is an amount you can comfortably do without for around the following three months or so.

After you’re satisfied with all of that, the minimum cost of joining DenXon is, in HYIP terms anyway, a relatively high $20. Hardly enough to bankrupt most readers here I guess. Anyway, once you’re a member the next thing that happens is you get a daily interest payment of 2.5%, seven days per week.

So with the absence of a fixed expiry date, the next question is what are your own expectations from joining DenXon? At 2.5% per day you should hopefully have gathered a total profit of 210% before you are allowed to withdraw your principal and leave on completion of the lock-in period. Though keep in mind that going by interest payments alone you will at least break even after 40 days, less than half way into the lock-in period itself. So assuming everything works out and DenXon is still online you’re going to be well into profit by then. The next decision is whether to withdraw your principal and leave, or leave in in place and continue to collect the interest payments for as long as they run. Personally I usually choose the latter (I’m already in profit, I can’t lose anything, and it’s a passive income). However you need to base your decision on your own personal circumstances on the day.

Despite the relative simplicity on the investment plans DenXon does have a pretty decent selection of payment options. There’s the by now universal LibertyReserve and PerfectMoney for those who prefer the simple approach and AlertPay and SolidTrustPay for anyone insisting on a verified option. Payments are made manually ans therefore need to be requested from within your members area. Once made it’s not specified exactly how long it takes to be completed, but my own payments came through after not much more than about 12 hours or so.

Of course if you’d like to ask the admin about that yourself, or indeed anything else about DenXon, then you can contact the program via the online e-mail support ticketing system. Just fill out the form and submit. Despite the tab describing it as “live” support, that isn’t actually the case. Whoever is looking after support may be kept quite busy however, due mostly to the FAQ page being a bit sparse. DenXon is also running off a licensed GoldCoders script. Unfortunately at this point it does not feature SSL encryption, but it is at least hosted on a secure dedicated Staminus server with Koddos providing them with protection from DDoS attacks.

According to their website DenXon is allegedly an “oil and gas” related company. Texts are copy/pasted from other online sources so obviously you need to be taking those claims with a liberal pinch of salt. And despite so much trouble and strife in the modern world the actual price of oil (yes, I know it’s going up!) isn’t going up at such an inflated rate as to make what DenXon are paying sustainable outside of the online HYIP industry. With such high returns DenXon should be treated as a regular HYIP related game which you should remember when investing. So don’t lose sight of the usual rules when it comes to the safety of your money, namely keep your deposits within a strict spending limit that’s comfortably affordable to you, and always try to diversify in order to avoid over-dependence on any one HYIP. Do that and while making a profit is still not guaranteed, I think you’ll find it gets a whole lot easier.

DAILY NEWS FROM THE INDUSTRY.

In the latest lengthy update from ExoticFX the admin Charles mentioned the growth his program is experiencing has exceeded all expectations but at the same time he notes there is always room for improvement. Therefore he will be developing the program even further based on the analysis made prior to opening a few weeks ago. In the second part of the newsletter Charles specifically emphasizes the referral commission system ExoticFX uses which is quite different from most other HYIPs and aims at being less prone to abuse, more fair to regular members, and more hostile to referral cheaters. He also announced that all the further efforts will be made to disrupt the attempts by dishonest members to cheat and promised that those doing so will be punished financially with the measures described in the newsletter from ExoticFX (reviewed here) published in full below:
“ExoticFX Members,
Just a quick update to let you the rate of growth we are experiencing is phenomenal to say the least.
During our investigation into the world of HYIP, one area we attempted to determine was expectations. We wanted to know what the typical growth rates were. Hundreds of programs were reviewed, threads in forums read, analysis compiled and interviews researched. We spoke with everyone that would take the time, from admin to members. ExoticFX is a compilation of that research. Like I said before, we did our homework.
Our current rate of growth is at least 300% higher than our own expectations, and our expectations are high. However, we did not expect to attract the more seasoned crowd until the end of the first Term 8 payouts. We were wrong. They are already coming in droves. We are apparently doing something right. It may even be safe to say we are doing many things right. Perhaps it could even be determined as good enough. The problem is, we dont believe in good enough. We aim to utilize all our resources to do EVERYTHING right. Once we accomplish that, we will find something that can be done even better.
If you have ever studied any goal setting/achievement oriented philosophy, you may have come across a saying that goes something like this. Shoot for the moon. Even if you miss you will land among the stars. We are a group of very driven individuals. As a team, our successes can be placed in the unrivaled category. That is the destiny of ExoticFX: Unrivaled!
Welcome to the Exotic Side of Forex!
Something you also need to understand
We answered a support query yesterday from a member who wanted to know why his referral fee was only $98.00, when his affiliate had made a $2000.00 deposit. Naturally, you would think that 5% of $2000 would equal a $100.00 referral fee. It does, just not in this case. Allow me to explain.
In most programs, affiliate commissions are paid on ALL deposits. When this is the case, those that make a living from referring others offer their followers an inflated Referral Cash Back (RCB). The followers, or downline, know that if they will withdraw their profits and redeposit them, they will increase their referral commissions substantially. They are in essence earning commissions on commissions, or compounding their referral fees. Other members manipulate the system by creating self-referred accounts.
We feel that this is the primary reason many admins, and members alike, are against referral programs. It can also create cash flow issues for any program that allows such action to take place. Manipulation of the system can be damaging to any program.
With ExoticFX, our script monitors the actual NEW DEPOSITS made to the program and deducts previously commissioned funds as well as the profits earned by them from all subsequent deposits. The script also adjusts the referral fee to reflect honest commissions earned.
Lets go back to the example above.
In this case the referred member, the downline, deposited $2,000.00. Previously he had withdrawn $40.00 in profit. So, in reality, he had deposited $1960.00 in NEW DEPOSITS and $40.00 in PREVIOUSLY PARTICIPATED funds for a $2,000.00 total. Commissions were paid on the $1,960.00 worth of new deposits for a total commission of $98.00.
In addition, IF the $98.00 commission was withdrawn and then re-deposited, there would be a minimum of 24 hours interest lost, since the funds would not be participating in a trade until the following day. Since the script tracks the withdrawal and disallows any commissions to be paid on it, it will not earn a 5% referral fee itself and therefore the attempt at manipulating the system was thwarted with a resulting loss of profits.
I am sure there are some that already see another possibility for manipulation. Why not just open another account and make the deposit in that to earn the commission? I am sorry but a word to the wise..
Be darn good at it!
We have brought this program to you to enable you to participate in multi-million dollar trades alongside some of the top investors in the world, giving you the ability to earn huge returns on a minimal investment. We feel we are doing everything in our power to provide you with a TOP LINE opportunity. So the word is DON’T! Dont take advantage. If we discover this type of manipulation and we WILL the account will be lost, all profits from the beginning will be forfeited, a fine will be assessed and the remaining principal will be returned only upon expiry of the investment term.
Some will view the above as threatening. Some will see it as petty. Most will fully understand that it is to their advantage to ensure the overall success of the program.
I say, Dont stumble over the dollars trying to pick up the dimes.” Utilize the program for what it is a private asset haven, a profit creator, a way to simplify your life while providing real returns for yourselves and your posterity. This is how it should be done. These steps were taken and built into the script to ensure the security of the program and members as a whole. The potential here is truly unprecedented. Take advantage of it NOW! With ExoticFX you wont need the dimes because youll be earning the dollars.
Take a walk on the Exotic Side of Forex!
You WILL find what you are looking for.
ExoticFX Just Profits!
Charles Martinsen. ExoticFX Admin”.

Some good news was sent last night from George, the admin of Agromatica, for those who looking to get a little extra cash for promoting the program on forums and monitors. Possibly being aware that the returns offered by Agromatica are maybe too low for the members to consistently report in the forums every day (remember that they pay 0.5% for 15 days, 1% for 60 days, and 1.2% for 90 days with principal returned on expiry) George decided to make some incentives available to the active members of his program announced in the update:
“This is broadcast e-mail to all members.
Super offer for promoters and supporters! Don’t miss a chance to get extra cash by promoting our project!
Usually members have not time or they lazy to support on forums and on monitors. But this support is very important for us. We decided to give everyone a little cash bonus for daily job.
Please, visit your Agromatica account in order to get more information.
Best regards, Agromatica Admin”.

So, by going to Agromatica‘s website I found a more specific set of rules there allowing active members (those to have at least one deposit made in the program via LibertyReserve, PerfectMoney, GlobalDigitaPay, AlertPay or SolidTrustPay) to earn 5 cents for one vote on monitor and 15 cents for one post on a forum. So in order to take advantage of this generous offer please read the following update and be active on forums and monitors. I’m sure that you will be able to make more money from Agromatica (reviewed here) that way and at the same time help the program be better promoted among online investors:
“Super offer for promoters and supporters! Don’t miss a chance to get extra cash by promoting our project!
Usually members have not time or they lazy to support on forums and on monitors. But this support is very important for us. We decided to give everyone a little cash bonus for daily job. Post on forums and vote on monitors if you got paid. 1 vote on monitor = $0.05, 1 post on forum = $0.15.
Rules:
1. You must have own deposit in our project.
2. You must use only truthful information about payments! Every post or vote must include the following information: Agromatica account ID, payment amount, payment date and the payment batch number. Posts or votes without this information are not allowed.
3. Send your Agromatica account ID and the list of your posts and votes to support@agromatica.biz (or submit through the support page) in order to get cash bonus directly to your e-currency account.”

Another update which was sent last night but which I received already after I made my post on the blog came from the admin of SilverDigger Thomas. He let everybody know that SilverDigger has been online for one full month successfully paying on two perpetual plans – 2%-2.5% on business days and 11%-14% weekly forever – to LibertyReserve and PerfectMoney processors. In the latest newsletter from SilverDigger Thomas also mentioned that MaxiVote had been installed on his site which will allow members to vote on many monitors in one click and announced the upcoming script change from GoldCoders to something different which though will not happen until a few weeks later. Here is the full newsletter from SilverDigger (reviewed here):
“Hello Everyone,
I am very pleased to inform you that SilverDigger has now crossed the one month mark. Everything has been going on smoothly so far and I hope all of you have enjoyed being a part of SilverDigger.
We just have a few quick updates to share –
1. MaxiVote – We recently added the MaxiVote tool to our site. This will enable you to vote on all our monitors with just a single click. This is a really cool feature and I hope that all you use this to spread the word about SilverDigger by voting for us. We will also randomly reward members who vote for us often using the Maxi Vote tool.
2. Upcoming Script Change – We are looking to move away from the GC script and go in for a custom script with better security. This should happen in a few weeks time. I will keep you updated on this.
That’s it for now. Hope all of you have a great week ahead!
Regards. Thomas”.

The admin of ImperialFund which was just reviewed on MNO last night announced a third language is now available, namely Italian. As the admin told me the next language that will be added is Spanish which will be another good addition to the English and Russian versions already available. This and some other features made available on ImperialFund are obviously aimed at making the site more user-friendly to its members. You can read more about these features in the full update from ImperialFund (reviewed here) below:
“Dear investors, We add new languages to our site.
We add new languages to our site. Today we added Italian language. We have made new sections: an exchange office for our investors (it is possible to make a deposit in one payment system and withdraw it in another one), a section with a detailed list of the invited partners. We will continue to develop our project with pleasure and hope you enjoy collaborating with us.”
I remind you that ImperialFund currently accepts LibertyReserve and PerfectMoney (with a bargain $1 minimum spend) and WebMoney (with a $50 minimum required). The investment plans include 6% for 20 days (principal included), 1.75% for 25 days (principal back on expiry), 1.95% for 45 days (principal back on expiry), and 2.4% daily forever (principal back anytime after 20 days lock-in period).

There’s a heads-up regarding CorpBayGroup program (reviewed here). It looks like the admin increased the timeframe for processing the pending payouts to LibertyReserve and PerfectMoney from 24 hours to 48 hours specifically laid out in this update:
“Hello. All withdrawal requests are processed manually after being checked and approved by our managers. Normally withdrawals are processed within 24 hours, but at times it may take us up to 48 hours to process your request.
For more information please read: http://www.corpbaygroup.com/?a=faq
Thank you for your patient. CorpBayGroup”.
I have no idea if this is a genuine request or simply stalling tactics from CorpBayGroup in order for monitoring sites to keep them on Paying status for longer. In any case, I have a withdrawal request pending for over 24 hours now, and together with the issued update which came out-of-the-blue and gives no substantial explanation for pending withdrawals I don’t think the situation looks good. I would not advise to invest in CorpBayGroup at this particular moment, although I cannot move them to Waiting status on MNO yet since the payments are still within their ToS. Please check out my blog tomorrow when I will be able to give you a clearer picture on their status.

If you deal with different e-currencies on a daily basis you might have used the exchange services of the undoubtedly best exchanger in the industry with the simple name xChanger.org. Well, the regular MNO readers should know that it’s the only exchanger that is recommended by MNO and which is dealing with all the popular payment processors online – LibertyReserve, PerfectMoney, AlertPay, GlobalDigitalPay and SolidTrustPay. The admin of xChanger Andrei has been interviewed on MNO blog already twice and you can read the latest interview with him here to find out all the interesting features xChanger can provide to its clients. Well, to make any exchange request possible and being processed within the shortest possible time you have to create an account with xChanger and always use it when you want to make another exchange request, so you can be actually considered as the returning client every time you make an exchange. Some people dealing with xChanger for a long time already noticed that from time to time its admin Andrei announces some special exchange offers which are limited in time and last while it has a necessary stock of e-currencies available. So, today some special offers including the best exchange rates from AlertPay and to SolidTrustPay processors can be found. The admin of xChanger advises everybody to take advantage of the current offers because they won’t last for long. Here is the full update from xChanger:
“Good day, Short update here. We have lowered the rates at the lowest possible. This is a prefiguration of what xChanger.org is preparing for you in the very near future.
If you wanna take advantage of this very low exchange rates, wait no more, as this campaign is going to last extremely short, hours and not days:
AlertPay -> SolidTrust Pay = 3.5%
AlertPay -> Liberty Reserve = 5.5%
AlertPay -> Perfect Money = 5.5%
AlertPay -> Global Digital Pay = 5.5%
Liberty Reserve -> SolidTrust Pay = 0%
Global Digital Pay -> SolidTrust Pay = 0%
Perfect Money -> SolidTrust Pay = 0%
These exchange rates are never going to be seen again on the market.
One more thing, we have increased the limit for exchanges FROM AlertPay to $3,000. This is for today.
Take care and have a great day, xChanger.org team”.

Since I’m posting this news update just before the Live Chat with the admin of Escaliva Leonard (interviewed here) is due to start, I will give you the short notice sent today by Leonard as a reminder to join the MNO Live Chat tonight to find out more details them. Escaliva (reviewed here) is one of the hottest short-term programs now, accepting LibertyReserve and AlertPay and providing instant payouts for deposits of $20 and more made to a 2.8%-5.6% for 7 days plan returning your principal on expiry as well. Let’s make this MNO Chat memorable, interesting, and take advantage of the opportunity to talk in real time with an admin. Remember, the Live Chat is for your benefit, not mine, not the admin’s, so make it what you want it to be:
“Dear investors,
We wanted to remind you that we have MNO live chat event on this Wednesday (March 2) at 11:00AM PST or 19:00PM GMT. Please make sure you are registered at MNO chat room in order to participate in this chat, where you will have chance to win prizes!
http://money-news-online.com/chat/login.php
Best Regards, Leonard Coffman”.

And since we are talking about MNO Chats please remember that tomorrow yet another chat conference is scheduled at 20:00 GMT on Thursday, March the 3rd. This time investors will have an opportunity to put their questions to the admin of FirstMonetaryFund Stefan (who was already interviewed on MNO here) and possibly win some cash prizes as well. I remind you that FirstMonetaryFund was first reviewed on MNO here and it is offering investments via LibertyReserve and PerfectMoney to the following plans – 1.1% for 15 business days, 1.5% for 30 business days, 1.8% for 60 business days, 2.2% for 90 business days, or 2% for 30 business days with the principal returned on expiry for all the plans. By the way, just a couple of hours ago I received a reminder from the admin of FirstMonetaryFund regarding the Live chat on MNO tomorrow. Here it is:
“Hello dear customers. We want to remind you about the live conference with the administration of FirstMonetaryFund on MNO blog at 8 PM London Time tomorrow. We invite everybody to take part in this conference with us. Please register at (http://money-news-online.com/chat/login.php) if you don’t have account there for conversation with our administration. Thank you“.

I have been paid today by the following programs:
ProfiTaste, PermanentProfit, AssetManagement, ExtraIncome, FxEconomy, ExoticFX, FutureTrails, ForexTradingTeam, ReProFinance, Agromatica, GreenBackShares, GorgonProjectInvest, OilCapital, WallStreetCompany, MidasGoldFund, FirstMonetaryFund, SilverDigger, GainBucks, ViscoCorp, Escaliva, UnicornInv, FondosMayores, ECashBroker, DenXon (the first payment received) and EasyCashFund (the first instant payments received).

That’s all for tonight, guys. I sincerely hope to see as many MNO readers as possible tonight at 7 pm GMT and again tomorrow at 8 pm GMT for the live chats with the HYIP admins. Believe me you can find out some interesting facts and opinions during these sessions! And of course tomorrow I’ll also have the latest news and updates from the industry, possibly a more detailed look at EasyCashFund as well when the first payouts on expiry should be processed. Stay tuned and always be on the money with Money-News-Online!