16/05/08. V-Project Review and Other News

I joined V-Project last night and already received my first payout today. The program has been paying steadily for almost three weeks now and was kind of flying under the radar all this time. I consider this fact to be an advantage as V-Project has a good chance to grow further in a very steady manner.

Showing the investment plans will be the best proof of my point of view. V-Project is very flexible when it comes to investment plans and offers a high variety of them which will satisfy every investor. For example, if you like to get daily payouts there are two plans that you can utilize: 4.2%-4.6% for 28 days (117.6% – 128.8% profit) and 2.8%-3.4% for 56 days (156.8% – 190.4% profit). There are also available:
1) weekly plan (21.6%-25.8 for 8 weeks with 172.8% – 206.4% profit rate),
2) bi-weekly plan (46%-54.4% with the payments processed every two weeks 4 times in total and with a profit rate from 184% to 217.6%),
3) monthly plan (with two monthly payouts from 101% to 119% every month and 202%-238% profit rate respectively),
4) bi-monthly plan (with only one payment after two months of 214% – 250%).

As usual in V-Project the interest depends on the amount deposited and the plan chosen. The more money you deposit and the less frequently payouts are made the higher the interest is and the more profit you will receive at the end of your investment term. The admin of V-Project Amanda (read the interview with her soon on my blog) explained to me that the clear interest rates her program is offering can be highly sustainable for a long time and they start from 0.62% daily. For example, the daily x28 plan is intended to allow the $100 investor to get progressively back his principal and then to earn a reasonable interest during the last 5 days (23,2%).

The minimum to deposit is only $10 with the maximum as high as $50K. Three major e-currencies are accepted by V-Project: LibertyReserve, V-Money and Pecunix. Of course, I would not risk with $50K in this program (it’s an HYIP and not a bank) but in my opinion the minimum suits every average investor. Personally I prefer daily plans and divided my principal in half between two daily plans. The weekly plan is also ok to invest in but I would not advise other plans – the offers are more attractive but the risks are greater as well. If you have $100 or more to risk with there are other, more attractive rates that apply and you will be in profit faster. I remind you that V-Project pays you every calendar day and not only Mon-Fri like many other programs.

Other features of the V-Project program are second to none and present a model what the best HYIP programs should have in my opinion:

1) First, V-Project is hosted on a dedicated server and has good DDoS-protection. As Amanda told me they have 2 stand-by backup servers on other first-rate hosting providers, with different domain name, IP and DNS, in order to “escape” and “elude” more than one DDoS-attack and to stay online, just the time for DNS propagation (or less, using a temporary URL based on the new IP address). I hope this will completely exclude even the name “DDoS-attack” from the lexicon of V-Project investors. It is really an important thing as online programs often suffer from these attacks if they are not ready to fight them from the beginning.

2) The script V-Project uses is licensed GoldCoders. Some people like it, some don’t. I just think that since the script is licensed and GoldCoders website offers proper 24-hours support in case of any difficulties there’s nothing to worry about. I spoke with Amanda for a while about it and she emphasized that the choice of GoldCoders was not obvious from the beginning and first they tested an original script developed by their programmer. But after the testing stage they decided not to go any further with it because too many issues appeared. They chose to stay with the more reliable, easy to use, secure and tested GoldCoders script and I can understand this choice perfectly.

3) The human factor always matters to me when I come face to face with a new HYIP program. Really, who will deposit in a program when their support sucks and they don’t have the decency to answer simple emails in appropriate time? V-Project’s support is quite fast and helpful. Amanda or somebody of her 4 collaborators will gladly answer all of your questions. Needless to say that V-Project has a live chat option and very well developed support system that allows the staff to answer their investors more efficiently.

4) They have some outside sources of income for V-Project (Venus Project) program or at least they are trying to show that their site is for real. That’s what you can read on the main page of the site: “Venus Project is an online investment program, run by a team of experts operating at Forex, Precious and Base Metals markets. In short, we trade in specific fields where, thanks to an adequate technical knowledge, it is possible to get high and stable profits independent of the trend of global economy, also during the periods of crisis. Furthermore our income is not subject to any taxation, thanks to the offshore management of all our activities.” Of course, we can’t rely just on these words as they are merely words until proven otherwise. But I will inquire of Amanda for more details on Venus Traders Ltd which she assured me exists in reality and where they invest their money.

This and many other questions I’m going to ask Amanda in my upcoming interview with her which will be published exclusively on my blog. So far I must say that I’m really impressed by V-Project: everything from stylish design and professional support staff to stable script and top-notch DDoS-protection points to the fact that V-Project can become the next big HYIP. And I for one sure don’t want to miss out when it happens. And what about you?

Other news for today.

As you may have noticed iNetCapital program is now more that 24 hours offline. Unfortunately the problem appeared to be more serious than Stephen originally thought it would be. This will put iNetCapital on hold at least until Tuesday or Wednesday next week. But knowing that iNetCapital had some even more serious issues in the past and successfully overcame them we can hope that this time it will be the same. At least the commitment of Stephen and the way he’s handling things leaves little doubt in my mind that iNetCapital will be available soon stronger than ever. Here’s the last update from Stephen which he sent me personally by email:
“Hey Paul. Our monthly renewal date for hosting was yesterday, and apparently someone at our host removed the new hardware firewall we had installed which made us susceptible to attack, hence the site downtime. The firewall can’t be reinstalled until Monday because the host is out of stock of the particular brand we had utilized. I have no choice but to put the program on pause, and pick up right where we left off on Tuesday or Wednesday, depending on how long the support team takes to install the firewall (with the last attack it was about a 48 hour installation). I am just letting you know because I know you are very supportive & have updated members in the past & I appreciate if you can post this message on all forums where iNC is discussed & also notify your referrals of the matter. I cannot access the site to send email to all members, otherwise I would do that myself. Thank you again. I will remain on Live Chat as well as reachable via email throughout the weekend & all members can reach us. Take care.”

Not all the admins can be trusted though. I can’t say myself that I’m disappointed with the way Rick is handling things as I got paid again today and redeposited in Invest4FastMoney. But as for others I saw many complaints on forums from angry investors and they can be divided into two major categories:
1) They request Rick to transfer their money from LRStream to Invest4FastMoney and have been waiting for more than three days already but keep receiving only silly excuses about it.
2) Even if the funds are actually transferred there’s a good chance you will not get them to your e-currency account. One of my readers told me that his withdrawal request of more than $300 was returned back to his account and removed from the payout queue without any viable explanation.
So it’s one of two possible reasons: either Rick is out of money and keeps paying only small amounts in order to get bigger deposits or he is just deliberately paying only to monitors and selectively all the requests from the regular members.
If I knew about these tactics from the beginning I wouldn’t recommend Invest4FastMoney in the first place. Since this info came to my attention just today I excluded Invest4FastMoney from the list of recommended programs and will just keep depositing the minimal amounts for monitoring purposes unless the admin comes out with some viable explanation about what is happening with his program.

Guys, I owe an apology to SmartDeposit program for making an untrue statement and I’m really sorry about that. If you remember in my review that was published here I told you that SmartDeposit used unlicensed GoldCoders script. It’s sad to say but I was wrong and I didn’t realize it before I finally received the interview from the admin (it will be published tomorrow on my blog). The fact is SmartDeposit used LICENSED HyipManager script which is very similar to GoldCoders that’s why I was confused from the beginning. For that I owe a big apology to SmartDeposit program and hope I didn’t hurt it with my statement. For the interested you can check their license here. Again I’m really sorry for misleading you and you will be able to read more details about this certainly great program called SmartDeposit in my interview tomorrow! Stay tuned!