{"id":14571,"date":"2017-07-11T06:13:26","date_gmt":"2017-07-11T12:13:26","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=14571"},"modified":"2017-09-18T06:36:27","modified_gmt":"2017-09-18T12:36:27","slug":"11072017-ykke-review-daily-news-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2017\/07\/11\/11072017-ykke-review-daily-news-hyip-industry\/","title":{"rendered":"11\/07\/2017. Ykke Review and Daily News from the HYIP Industry"},"content":{"rendered":"

Beware! Ykke has stopped paying! Do not invest there!<\/strong><\/p>\n

Hi everybody, and greetings from Bruges! I\u2019m taking advantage of the fact that there hasn’t been much activity in the HYIP industry this summer, a lot less than what I’m expecting in the autumn anyway, by having a vacation. At the moment I’m enjoying the quite spectacular medieval Flemish city of Bruges with its ancient gothic skyline, cobblestone streets, and winding canals. Oh, and the breweries aren’t bad either! I’ll be making my way south to The Black Forest in Germany over the next few weeks, but while I’m doing so I’ll be continuing to work on MNO and my monitor<\/a>, so it will always remain up-to-date, no matter what happens.<\/p>\n

Getting on with the business of the day however, the latest new program to join the MNO Standard List is BitCoin only project called Ykke<\/a>. I have a lot of positive feelings about this one, but at the same time it\u2019s going to be very clear to everyone that Ykke<\/a> is obviously not suitable for just anyone. I mean I just don\u2019t expect it to be a hit today or tomorrow, or even before the autumn is a bit closer and the first members are in profit. So let\u2019s see what it\u2019s all about and if you feel it might be a suitable addition to your own portfolios either now when the industry is quiet or sometime in the future when things pick up again.
\n\"Ykke\"<\/a>
\nAt the very core of Ykke<\/a> is that it\u2019s really a very simple and straight forward program. There is after all only one single investment plan, and the same terms and conditions apply to all investors, big and small. So basically Ykke<\/a> is a perpetual style program<\/strong>. That means there is no expiry date<\/strong> on the investment plan, and it will continue paying you every calendar day for as long as the program survives. It should be noted at this point that your deposit will not be returned, and there is no exit clause from the program. So once you are in, you stay in, and everyone remains a member right until the end. Probably some of you are in two minds about this, but personally I can see a positive side. You see, one of the main failings of other perpetual style programs in the past was their fragile nature, finely balanced and overly dependent on events which were inevitable not happening. If you allow investors to withdraw their principals then obviously it\u2019s only a matter of time before they, rightfully, do so. The problem is what happens when all of a sudden too many of them all start asking for their money back at the same time. This obviously means way more money going out of the program than in, so the whole pyramid collapses. So by removing the right to leave the program, Ykke<\/a> have also removed the hit-and-runners that would have done so much damage, and also removed any uncertainty about how much money the admin is going to need in order to keep paying his members today, tomorrow, and so on. In the longer term it will only benefit the program and put a bigger number of Ykke<\/a> members into profit.<\/p>\n

Getting to the actual numbers then, as I already said Ykke<\/a> are working exclusively with BitCoin<\/strong>. Therefore I’m going to describe the investment plan the same way, as using dollars would be a bit pointless. If there’s any confusion about this (I know a lot of people don’t like to \u201cthink in BitCoins\u201d) I recommend preev.com for live exchange rates. I’ll just tell you that at the time of writing the minimum investment required by Ykke<\/a> to join is 0.01BTC is approximately $25. Ykke<\/a> will reward you with a daily interest payment of 3% per calendar day<\/strong>. This rate applies to all Ykke<\/a> members regardless of how much they invested. How much you ultimately end up with is anyone\u2019s guess, depending entirely on how long the program stays online. The only important statistic you need to watch out for is how long it takes to break-even and start collecting a pure passive profit. At 3% per day that means you earn back an amount equivalent to your original deposit after 34 calendar days, which also sees you in profit for the first time. From that point on there is no longer any personal risk to you or your money, and everything else is profit. You\u2019ll need nerves of steel of course to get past that first 34 days, but that\u2019s nothing new for the HYIP industry or its seasoned investors. There\u2019s a built-in investment calculator included to help you work out how much profit you should expect over various time periods depending on how much you have decided to spend.<\/p>\n

No need to repeat that the only payment system in use with Ykke<\/a> is BitCoin, but I guess I should describe the deposit and withdrawal process. First of all your initial deposit is credited on receiving three confirmations in Blockchain. After that all withdrawal requests will have to be submitted by the investors from inside their Ykke<\/a> private account areas. There is a minimum requirement that every with request be of at least 0.001 BTC or more before it will be honoured, so smaller investors please take note. At the time of writing this was approximately the equivalent of about $2.50. The good news is that all withdrawals from Ykke<\/a> should be processed instantly<\/strong>.<\/p>\n

I’m pleased to see that Ykke<\/a> is running off a unique custom made script developed specially to cater to the program’s own requirements. Don’t worry though, there’s nothing complicated and it’s all very easy to navigate and user friendly. It’s also good to see the admin certainly takes security seriously as his website is properly SSL secured by Comodo and is hosted on a dedicated and DDoS protected server by DDoSGuard, so I doubt there will be any downtime related issues worth mentioning. The only thing is some unusual background soundtrack embedded in the website, sort of like a collection of soundbites related to BitCoin and set to music. You can just turn it off manually the first time you visit Ykke<\/a> if you find it distracting and don’t want to be bothered by it again. It has no affect on the program itself of course, but kudos to the admin for at least trying something original (not that I hope the trend catches on though!).<\/p>\n

Any further questions for the Ykke<\/a> admin? Any account related issues or things you feel weren’t explained in this review? There’s only one channel of communication open to members at this point. You will have to e-mail them directly yourself at the address included on the Ykke<\/a> contacts page.<\/p>\n

For the record, and it\u2019s not something I believe we can verify one way or another, Ykke<\/a> claim to be involved in the trading of BitCoins. Not exactly a new concept in the HYIP industry at this stage by any means. The choice to believe it or not is yours, or to accept that it can only deliver profit without any risk. Even if it were true I think the fact the value of the BitCoins you invest with Ykke<\/a> can (and will) rise and fall on the exchange markets throughout the open ended term is by itself its own risk. As always then I would like to remind potential members to stay within affordable spending limits, so spend according to what you can afford to lose rather than what you dream of earning. And if you join Ykke<\/a> then try to keep them as a smaller part of a wider more diverse portfolio.<\/p>\n

Before I finish with Ykke<\/a> and move on to today\u2019s news updates I would like to ask if anyone reading this has their own opinions on the program? Good, bad, or indifferent, I hope you won\u2019t mind sharing them with your fellow readers. It takes literally a second to vote, is totally anonymous, and will make for more interesting reading once we are looking back at the program at the end rather than looking forward at the start. In other words how many people would make a good and bad judgement call looking at the program today. Please answer the following question:<\/p>\n

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Will you make an active deposit in Ykke<\/a>?<\/strong><\/p>