BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!
Hi everyone! As I said in an earlier post competition for investors money is really starting to heat up now in short term side of the industry, with new programs coming and going almost by the day. The dangers of this are well discussed elsewhere so no need to repeat it again, but one of these programs that was added to the MNO monitoring list yesterday is called PrimitiveMoney, and that’s what I want to look at before the day’s news. Now, I know this won’t be for everyone but from the results of the recent MNO poll on the industry in December I also know that a fair number of you are going to have a go here anyway. That’s your decision and I’ll just lay down a couple of basic facts about PrimitiveMoney before you proceed.
Similar to other short term games, PrimitiveMoney offers a total of no less than 60 (!) different variations of their plans. I’m not going to describe all of them for you here, but basically they’re divided into six categories that offer interest payments by the hour, by the day, or on expiry. Many of the individual options are to be ignored as they promise undeliverable returns on money you’re unlikely to have to spare. For example things like 1700% on anything over $40,000 after 35 days is unlike to do anything other than bring a fit of giggling to even the newest HYIP investors. But there’s still a couple of smaller options there that can bring in couple of easy bucks if you play right.
We start with a plan that runs for 24 hours, during which you can get hourly payments. Your principal will be factored into this and will not be returned. So for a minimum $10 spend up to a maximum $100 you can earn 4.3% interest every hour for 24 hours. That adds up to a total of 103.2%, or in monetary terms a $100 spend brings in $4.30 every hour up to a total of $103.20. Larger investments can earn as follows:
4.33% per hour for $101 to $200 (103.92% in total), 4.36% per hour for $201 to $500 (104.64% in total), 4.4% per hour for $501 to $1,000 (105.6% in total), and 4.44% on deposits between $1,001 and $2,000 (106.56% in total).
Information relating to larger deposits can be found in your members area where the maximum earning is 5.4% per hour (PrimitiveMoney will accept anything up to $100,000 but I see little reason to go past $2,000 in this review).
Then we come to another hourly plan. This time the investment term is 48 hours and PrimitiveMoney also count your principal as part of the payments. Available rates starting with a $10 minimum investment up to $100 are calculated at 2.16% per hour for 48 hours. Total interest accumulates to 103.68%. So a $100 spend here will bring in $2.16 every hour to a total value of $103.68. Larger deposits earn as follows:
$101 to $200 will earn 2.17% per hour (104.16% in total), $201 to $500 will earn 2.19% per hour (105.12% in total), $501 to $1,000 will earn 2.21% per hour (106.08% in total), and amounts between $1,001 and $2,000 will earn 2.23% per hour (107.04% in total).
For rates applicable to larger deposits you should again check your PrimitiveMoney members area. Maximum rate is 3.4% per hour.
To be perfectly blunt I don’t see much sense in this second hourly plan at all. It only pays mere pennies more than the other 24 hourly plan on anything other than massive deposits, except in the other one you get paid and into almost the same profit a whole lot faster. However while these hourly plans are not PrimitiveMoney‘s most profitable in certain respects the first one (24 hours) is still in some ways the best. By which I mean the safest and the one to put you in profit the fastest. Not to be a pessimist or anything but if you are joining then that’s a factor that you need to at least consider now more than ever. But if you like a gamble then here are your other options.
The third plan runs for 1 day and you will be paid on expiry at the end of it. Your principal will be counted as part of your final payment. It costs a $10 minimum to join and for anything up to a $100 maximum PrimitiveMoney are willing to make a 105% return. So simply put, invest $100 today and get back $105 tomorrow. Higher rates are available to those making higher spends and will be calculated as follows:
$101 to $200 will earn 105.3%, $201 to $500 will earn 105.6%, $501 to $1,000 will earn 106%, and from $1,001 to $2,000 will earn 106.5%.
This continues all the way up to $100,000 with a maximum payout of 130% but I imagine few of you are tempted to past the options I have described here. Check out the PrimitiveMoney website if you are.
The next plan runs for a term of 2 days and PrimitiveMoney will make one interest payment per day for the duration. Your principal is counted as part of the payments. For a $10 minimum up to a $100 maximum you can earn 55.25% per day, which totals at 110.5%. Or in other words for a $100 spend you can get back $55.25 per day and $110.50 in total. If you wish to make a larger deposit you can expect the following:
55.55% per day on $101 to $200 (111.1% total), 55.85% per day for $201 to $500 (111.7% total), 56.25% for $501 to $1,000 (112.5% in total), and 56.75% on amounts between $1,001 and $2,000 (113.5% in total).
Of course you’re free to take a chance with a bigger amount than that if you wish, and can find further details on the PrimitiveMoney website where the maximum payout is 70% per day.
PrimitiveMoney‘s next plan reverts to making payments on expiry. I’d dismiss it immediately myself as it offers nothing but a vastly increased risk for the same principal. It runs for a 5 day term and makes payments on expiry that include your principal. It costs the same $10 minimum to join and anything up to $100 will get you 127% returned. So simply put a $100 investment here gets you back $127. Other rates include:
128.5% for $101 to $200, 130% for $201 to $500, 132% for $501 to $1,000, and 134.5% for deposits between $1,001 and $2,000.
You’ll be a braver man that I to go above that but if you like your chances then see the members are for further information. 260% is the maximum offered. However I suggest you’ll be better off by joining the 1 day plan and then re-investing.
PrimitiveMoney has a couple of short term options there that can be profitable if you’re fast enough. I don’t think the next plan is one of them and is included for informational purposes only. It makes one single payout on expiry after a term of 35 calendar days. It only costs $10 to join, but to be perfectly honest PrimitiveMoney is unlikely to be around long enough for you to collect. That’s not to detract from the previous plans and PrimitiveMoney do offer some opportunities for profit making, but it’s just not going to be in this one. But for the record here’s the main points:
285% paid on expiry for $10 to $100, 295% paid on $101 to $200, 304% on amounts from $201 to $500, 320% for deposits between $501 and $1000, and 337.5% paid out on deposits between $1,001 and $2,000. Maximum deposit is $100,000.
PrimitiveMoney are dealing exclusively with LibertyReserve and PerfectMoney. So you can forget about refunds if things don’t go how you would have liked. So remember not to spend beyond your means. On the plus side payouts are instant, which is essential for any program making hourly payments. Just log into your account and request them and you should have them in your e-currency account within minutes. That can also be a good indicator of the general health of the program so as long as they are enabled you should be ok.
The security is up to a decent standard with SSL encryption, a licensed GoldCoders script on use and hosting on a dedicated and well protected server by Dragonara from possible DDoS attacks. The admin of PrimitiveMoney didn’t spare any effort in making a positive first impression on prospective investors anyway, even if it is Christmas. A flash design and a built in music track will help to reel in a few more investors. I know it sounds unusual to more experienced investors but that’s just how it goes – flashy graphics will always get people’s attention. Contact with the admin for any further questions or support related issues is made by filling in your details and submitting them on the support form provided.
All that’s left to say is that there is definitely a chance to score a couple of bucks here. It’s a limited one, but it’s still there. But unless you’re passing up on this one then you need to be making a move on it soon enough if you want to be one of the people who come out of this with a small profit. Keep the spending at a reasonable level,be aware of the risks, and if proceeding then enjoy the game.
DAILY NEWS FROM THE INDUSTRY.
After six days online MetalicFund (reviewed here) is paying well and attracting more investors every day. Although I tend to doubt that the stats given by the admin of the program Irvan are not inflated as having over 1,000 members in a short-term program at this time is unlikely there is no doubt that in general we can call MetalicFund a successful program. But there is a growing level of popularity and well explained by the wide variety of payment processors (including STP and AP) accepted by the program and the relatively sustainable short to medium term plans which will help them run longer. I remind you that MetalicFund is paying 10% for 12 days (principal included) and 5% for 45 days (principal back). The latest newsletter from Irvan is being published below:
“Today you would be fed with the progress and status of MetalicFund, So far until today our enterprise is doing well with a
Total Member: 1020
Total Investors: 893
Total Investment: $44,098.49
Payout Processed: $29,999.00
Withdrawal Commission Earned: $5,985.84
Our project was reviewed on MoneyNewsOnline : http://money-news-online.com/blog/2010/12/09/09122010-metalicfund-review-and-daily-news-from-the-industry
Paying Status: http://www.metalicfund.com/?a=cust&page=rateus
We are on a paying status by all monitors as we constantly process payment for all members on a per seconds basis. If you are paid it would be fair enough to let everyone know this is a paying and safe project to partner with by simple posting your payment proofs on forums.
MetalicFund offers two payment plans, the first pays 10% of you investment daily for a period of 12Days while the second pays 5% Daily for a period of 45Days after which your initial deposit is returned, compounding is allowed on all plans and MetalicFund allows deposit through all popular payment processors (SolidTrustPay, LibertyReserve, PerfectMoney, Alertpay and GlobalDigitalPay. )
Thanks for supporting MetalicFund
Irvan Smith. Precious Metal Trading Expert”.
Another well run program AllianceAdvantage keeps growing in a more steady manner and its admin Jeff admits that it was his intention to start the program on a lower key promotion, especially considering the fact that most of the investors would be pretty cautious about their funds in December when we saw so many collapses. Therefore Jeff feels that it would be more beneficial to have better promotion of the program including running a referral contest in January when we should see the revival of this industry after the predictable annual slowdown this month. I think it’s a very wise approach on his part and if he does everything right I bet he will see his program on top and himself rewarded for his efforts already in the beginning of next year. So far, I can say that Jeff copes with his duties quite well and when me or any of my readers have any questions or issues about AllianceAdvantage he always replies in detail and within a short period of time. The latest issue with the inability of some of the program’s members to login into their accounts has been finally resolved and Jeff is looking forward to the future of his program which is still growing slowly and steadily as planned. I remind you that AllianceAdvatage accepts AlertPay, LibertyReserve and PerfectMoney in the following investment plans: 1.7% for 50 days, 2.2%-2.4% for 60 days, 2.5% for 90 days with the principal returned on expiry on each of the plans. More about AllianceAdvantage can be read in my detailed review published here. This is the latest newsletter from Jeff which contains the news from the programs and some personal views on the HYIP industry which I share:
“It has been a little while since I have sent a newsletter out, so I wanted to get one out today while I had my mind on it. So much has been going on… Where I live, we have been getting snow and more snow and so when I have not been working, I have been digging out our cars and have even gone sledding with the kids. I forgot what fun it is!
As far as the HYIP industry goes, it seems like there has been a lot going on there as well. I won’t mention any names, but we have seen some big programs close this month and that definitely affects the market some. I would recommend that everybody do their research before joining a program and I have always been a big fan of diversifying. I hope that none of you were among the people that were affected by these closings and I definitely feel sorry for the people that were.
A little over a week ago, we were hit by a malicious threat that did not allow around 20 or so people to login and if you were among that group, I extend my apologies. It was resolved completely with the help from our support team and GoldCoders. After researching the issue a bit, we were able to find out where the malicious threat came from and have taken precautions so that the issue cannot happen again. My thanks go to the members who were very cooperative and understanding. It’s too bad that some people must send these things to try to sabotage the program but we now have a firewall installed, so I feel confident that this will not happen again.
We have talked about having a referral contest and I want to have it sometime in January when the market will most likely be in full upswing. I think it will benefit the program and the members the most by having it then and will announce the details as it gets closer. There will be some attractive cash prizes given away to the winners.
Things are going very good with the website and I am pleased. It has been steady and although it hasn’t been an overnight hit, it has grown more sure and steady and I believe that the website will have longevity this way. I think that although we have seen some major hits in the market lately, January 2011 will be an exciting time for all of us and that we will see some good things, which will in turn help turnaround customer faith in the HYIP industry.
Thank you for your continued support.
Happy Holidays, Jeff. AllianceAdvantage”.
As usual, Monday is the day when the payouts in 144CashAds resume after the disabling of the cashout button for the weekend. That’s done on a regular basis and I think the investors of the program are already used to it. Although you can’t withdraw on the weekends the profits in your 144CashAds account for all the plans available (1% for 144 days, 2% for 72 days, 4% for 36 days, 144% after 12-24 days) are credited to your account on every calendar day. The main peculiarity of this program which has been monitored on MNO for over four months now is the more scientific approach to the possible sustainability of the program in the long run. All the investment plans are constructed in such a way to ensure that the investing in shorter term plans is only limited by the amount you invest in the longer term ones. This is a very unique approach and this only fact together with the wide variety of payment processors accepted (including SolidTrustPay, LibertyReserve, PerfectMoney and AlertPay) attracted many happy investors to them. I honestly believe 144CashAds can survive Christmas and get even stronger in the coming 2011, but let’s wait for a couple of more weeks before we can be sure. If you are already considering investing in 144CashAds the information contained in my review of the program (published here) and my interview with the admin Lewies (published here) can be quite handy for you. By the way, the latest short update was sent by him to members of 144CashAds tonight and you can read it below:
“Hi. Welcome back in the another fresh new week.
All pay out completed and pay out button open now.
Thanks for your great support. Its make us more strong
Enjoy big holiday shopping.
Enjoy earning with us.
Lewies. Project admin”.
There was a reminder sent by the administration of RussianOilFund to its members tonight. In this update, they mentioned some corporate news which can be read in detail on the program’s website, reported that the full server upgrade to BlockDos (where they migrated from BlackLotus servers a few days ago) had been successfully completed and about the ongoing contest on the program’s Twitter and Facebook pages where five lucky winners could get a $100 cash prize. More about RussianOilFund which pays 2% to 2.9% on every business day to LibertyReserve and PerfectMoney for the duration of 90 calendar days with the principal returned on expiry can be read in my detailed review of the program published here. And the latest newsletter from RussianOilFund containing all the recent news can be read below:
“Our board that has been traveling in Hong Kong the past few weeks are now back at home with their families in time for the Holidays. We released Corporate Update 6 this weekend which is a must read for all our investors. It is the culmination of the Hong Kong talks.
https://www.russianoilfund.com/index.php?a=news#9
Second, we completed our full server upgrade to BlockDOS. They are a leader in the hosting industry especially for high traffic websites like ours. They assure us of uptime in the worst of circumstances.
We are very excited to be serviced and protected by BlockDOS.
Lastly, our I’m a RussianOilFund Investor contest is still in full effect! We are giving away $500 to our Facebook and Twitter friends! 5 winners will be randomly chosen to win $100! All it takes is daily entries on Facebook and Twitter. Use the Share button and the Invite Friends button on Facebook to increase your chances of winning! Use the Twitter entry form daily or Re-Tweet daily your entry!
Twitter: http://wildfireapp.com/twitter/233/contests/76067
Facebook: http://apps.facebook.com/sweepstakeshq/contests/76067
Thank You, RussianOilFund”.
It was a huge surprise for me to receive a newsletter yesterday from a program that was last mentioned on my blog almost two months ago. I’m talking about FxTradingWorldwide – the program that struggled to pay and allegedly due to their ForEx activities couldn’t collect enough money to pay to all the investors. Well, it looks like FxTradingWorldwide might be considered to be undergoing a mini-revival. Unfortunately even though some small payments have been reported on forums and even on my Shoutbox from one of my readers I can neither return the program to the listing on MNO, nor recommend investing there now. Despite the welcome efforts by the admin there is still a long way to go to full recovery in my opinion. The admin also admits that and says that the full recovery and paying to all the members will take weeks if not months. So FxTradingWorldwide in no way can be considered as a safe investment as the resumed payouts for small amounts might be just bait to encourage higher deposits into an already dead program and buy some nice presents for the admin’s family and friends. To my recollection no program that stopped paying a couple of months ago was able to recover. Much as I would be like to be mistaken I will only take my words back only when FxTradingWorldwide resumes the payouts in full and to everybody. Until then, the program will not be returned to my listing, but I will watch its progress during the coming weeks and will report on my blog if I have any further news. Here is the latest newsletter from FxTradingWorldwide (you can read my review of the program here if you want to refresh your memory):
“1. As you might aware before that since last few months, we did delay our payout and takes time to trade in Forex market to compensate huge withdrawal amount from major investor and also from our high profit short term plan.
To recover from hard time situations, we did many action to prevent such similar problem in future by
– remove short term plan and limit investment range for short term plan.
– limit daily withdrawal to 200$ per day
– Discuss major investors to move the principal to their account balance and payout weekly, bi-weekly or monthly or stop withdrawal for next few months until we compensate all amount back to normal
– Limit the high profit plan investment range.
– Temporary remove referral commissions.
– negotiated major investors to hold their withdrawal at least 3 months.
– etc.
2. Start from coming week, the transaction lower than 10$ will be started to pay out again. And follow by higher request amount. The waiting time should be much faster within 1-2 months when we increase our trading volume.
3. If possible please hold on your high amount of withdrawal to reduce over load of withdrawal traffic.
4. The automatic withdrawal system for transaction not over 10$ will be started again in next 1-2 weeks, please wait for next announcement. (Member who already agree for periodical withdrawal weekly, bi weekly, monthly will not able to use automatic withdrawal). The limit will be increased depends on system reserve amount.
5. As we commit, your funds will be safe here in our system, Even there are some delay in past period, but in long term your funds will be in profit and you could see the payment proof periodically in major forum. Please also support us by posting your payment proof in each forum.
6. Next 3 month, we will consider the limit and profit of each plan again to be sustainable for long term based on funds reserve, anyway the daily profit will not less than 1% per day.
7. Member who start register from 15th Nov 2010 will not need to wait for long time withdrawal, the deposit from now will help us to trade faster, so new member will be in high priority withdrawal list.
Merry Christmas and happy new Year to All
Admin”.
Here is the list of the programs that paid me today:
PrimitiveMoney, UnicornInv, XSeedFinance, Konstant, FelixFunds, RevenueBuild, FutureTrails, AllianceAdvantage, LrPmBrokers, PandaTrade, ReProFinance, TetraMetals, YamaFinance, MetalicFund, 144CashAds, RealFunds, YesInvestment, GainBucks, RussianOilFund, AssetManagement, Greenvestment and ProfitixGroup (the first payments received).
As you might have noticed, ProfitixGroup is the newest addition to the Premium listing on MNO. The program started 4 days ago and is offering only one investment plan where you can double your money. By depositing $5 and more via AlertPay, LibertyReserve and PerfectMoney you will receive 10% for the duration of 20 calendar days. ProfitixGroup has a very nice looking website with an SSL certificate installed, is running off a licensed GoldCoders script and is protected by DdoSWiz on a dedicated server by Staminus. By the way, it looks like the program has already successfully survived its first DDoS attack which was mitigated on its third day online by their hosting provider. This info is on the main page of the ProfitixGroup website along with the welcome to all new members posted on its first day online:
“ProfitixGroup is open to public.
We are pleased to announce that ProfitixGroup website is now open. Investors from all over the globe can participate in our investment program and invite partners. We’ll be glad to welcome you among our investors. Don’t miss your best chance to make money with us.”
And one more program that has been just added to monitoring on MNO is called GoldMiningFund. It just started a few hours ago and offers many investment plans which will be properly reviewed in the upcoming review. Right now I can just say that all the plans can be divided into two groups. In one of them the principal will be returned to you on expiry (2% for 30 days, 2.2% for 40 days, 2.4% for 50 days, 2.6% for 60 days, 2.8% for 70 days, 3% for 80 days) and for the other two your principal is included in the daily payouts and will not be returned (4.5%-5% for 30 days). GoldMiningFund accepts four payment processors: LibertyReserve, PerfectMoney, GlobalDigitalPay and AlertPay. The minimum to invest in each plan is different but you can start with as low as $10. Since GoldMiningFund is running off a licensed Neversay script you can invest in $1 units in any plan. GoldMiningFund is properly secured by an SSL connection with hosting by BlackLotus on a dedicated Enterprise level server. Some pages like the FAQ are still missing but I guess the admin will add them with time because GoldMiningFund is a brand new site. The full review of the program will be published on MNO after I receive the first payment.
That’s all for tonight, guys. Thanks for your attention and I hope to see you all again on MNO tomorrow!
Filed under Daily News, Reviews by on Dec 14th, 2010. Comment.
Recent Comments