{"id":15831,"date":"2019-02-08T03:16:57","date_gmt":"2019-02-08T09:16:57","guid":{"rendered":"http:\/\/money-news-online.com\/blog\/?p=15831"},"modified":"2019-10-18T07:00:02","modified_gmt":"2019-10-18T13:00:02","slug":"08-02-2019-hooplex-review-and-daily-news-from-the-hyip-industry","status":"publish","type":"post","link":"https:\/\/money-news-online.com\/blog\/2019\/02\/08\/08-02-2019-hooplex-review-and-daily-news-from-the-hyip-industry\/","title":{"rendered":"08\/02\/2019. Hooplex Review and Daily News from the HYIP Industry"},"content":{"rendered":"

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

Hello everyone! It’s the end of another business week which I hope went well for you and are looking forward to the weekend. For myself I’ve finally reached the end of an epic three month adventure traversing South East Asia. Returning home after such a long trip is something I’m looking forward to and dreading in equal measure as it involves 15 hours sitting on an aeroplane and a 20+ degree drop in temperature once I get off at the other end in London, but I guess it’s just one of those things that has to be done. Anyway, I have plenty to keep myself occupied before that with all the latest news stories from the HYIP industry and the introduction of another new program (keep reading for more info on that) but mainly a more detailed look at a brand new program called Hooplex<\/a> that was added to MNO’s Standard List<\/a> just a few days ago. You might remember from the introduction of the program earlier in the week that Hooplex<\/a> claims to be involved with the technology and development of a new cryptocurrency. Not that there’s exactly a shortage of such things around at the moment, but it seems to be a popular enough concept. So let’s see exactly what Hooplex<\/a> bring to the HYIP industry and why they consider themselves more deserving of your money than the next program. See if you agree and have room for them in your portfolios.
\n\"Hooplex\"<\/a>
\nFollowing on from a number of highly successful programs in the past that positioned themselves as cryptocurrencies, Hooplex<\/a> would seem to learned from that and just made everything easier and more user friendly. Trimmed the fat so to speak, offering realistic and achievable investment goals that are both profitable and affordable, just removing the unnecessary complications and jargon that can so often make what should be a relatively straight forward thing overly complicated. As a result it probably goes to making Hooplex<\/a> a more appealing program for more investors, which I guess is what the admin was going for. Just to get one thing clear before we continue then, all deposits will be converted into the program’s own internal currency first, called Lexera and abbreviated to LXR. This is largely just a cosmetic issue anyway as when you go to make a withdrawal your new LXR profits are just turned back into dollars or whatever currency you used to join the program. One advantage Hooplex<\/a> offers over a lot of other programs is that in this regard you can use one currency to make a deposit from and another to withdraw you profits to<\/strong>. Maybe not a big deal to a lot of investors but a handy feature nevertheless if you happen to be a regular player. I’m going to describe the investment plans using dollars as the exchange rate in Hooplex<\/a> is a straight one to one for USD and LXR. The exchange rates for other cryptocurrencies can be seen in your member’s area when making a deposit.<\/p>\n

I’ll talk you through the practicalities of making a deposit and requesting a payment in a moment, but first let’s look at the actual investment plans as that’s what you really need to know if you’re going to decide if Hooplex<\/a> is suitable for you or not. So, there are six mostly long term plans for you to choose from. They all carry the same affordable minimum investment required to join, the difference is that the longer you are prepared to commit your money for the higher the interest rate Hooplex<\/a> are prepared to offer you.<\/p>\n

For the most basic entry level investment you can start with a $50 deposit. The shortest term you can join for is 30 calendar days<\/strong> during which Hooplex<\/a> will pay 0.7%<\/strong> interest per day. That adds up to 21% in total<\/strong> by the end of the term, nowhere even close to a profit obviously, that only comes when Hooplex<\/a> return your initial principal<\/strong>. A typical example of how this might work out in financial terms then would be if you were to let’s say invest $100 with Hooplex<\/a> they would repay you $0.70 cents per day until you have collected $21 in total. Your initial hundred is then released leaving you with $121 as your final return, $100 of which was yours to begin with plus $21 in net profit as your reward for joining the program. If however you wish to withdraw your principal and leave the program before the 30 day expiry term you may do so for a 30% fee removed from your principal. As that’s pretty much all of your profit and puts you at a loss this is obviously only an extreme measure to be considered in an unexpected personal financial emergency.<\/p>\n

That’s more or less the basic premise behind the rest of the investment plans, with fixed rates of interest paid on according to a daily schedule for longer and longer terms. So again for a $50 minimum deposit Hooplex<\/a> are offering members a daily rate of 0.8%<\/strong> over a term lasting 60 calendar days<\/strong>. In total this adds up to 48%<\/strong> by the time you receive the final payout, which then becomes your net profit once Hooplex<\/a> return your principal<\/strong>. So the same $100 investment here gets you back $148 in total, or $48 in profit. An early principal is allowed here too, also for a fee. If leaving within the first 30 days of the plan the fee is 33%, if leaving anytime after that it’s reduced to 15%.<\/p>\n

If you are willing to commit your money to a term lasting for 90 calendar days<\/strong> then Hooplex<\/a> will repay you a daily rate of 0.9%<\/strong> interest per calendar day. That’s 81% in interest payments<\/strong> alone, allowing a total return of 181% when your principal is returned<\/strong> as promised on expiry. In comparison to the other plans offered by Hooplex<\/a> then a $100 deposit here gets you back $0.90 per day until you have $181 in total, with $81 of that being your net profit. If you need to withdraw your principal early for some reason you may do so in the first 30 days for a 36% penalty fee, reduced to 20% if you are leaving at a later point.<\/p>\n

The first of the Hooplex<\/a> plans to put you into profit before actually returning your principal requires you to commit your money to a 120 calendar day investment term<\/strong>. In this instance any investment of $50 and more will see a daily interest payment of 1%<\/strong>. That adds up to 120% in net profit<\/strong> and 220% in total with your principal returned<\/strong>. So were you investing the same $100 in this one you get back $1 per day from Hooplex<\/a> until you reach $120 in payments, then your own initial hundred added to that. If you can’t wait that long and are unable to see out the full term an early principal withdrawal clause is again available, costing 39% during the first 30 days of the plan and 30% for requests submitted after that.<\/p>\n

A marginally better rate of 1.05%<\/strong> is available if you are prepared to leave your money with the Hooplex<\/a> admin for a 150 calendar day term<\/strong>. By expiry this adds up to 157.5%<\/strong> in interest and 257.5% with your principal returned<\/strong>. So again if we look at that in financial terms a $100 investment here would see Hooplex<\/a> paying members $1.05 per day until they have $157.50 in total profit and and $257.50 with your principal returned. For early principal withdrawals you will need to pay a 40% penalty fee regardless of when you would like to leave.<\/p>\n

And finally if you really have faith that Hooplex<\/a> is genuinely a long term player in the HYIP industry and is serious about making their presence felt here, you can join their final plan which commits you to a 180 calendar day investment term<\/strong>. That’s around six months, which is pretty ambitious in a business where few think past next week. But as it will still only set you back a $50 minimum to join the risk doesn’t have to be anything more serious than you yourself make it. As long as Hooplex<\/a> are in possession of your money here you can expect to earn 1.1%<\/strong> on your money for every calendar day. By the expiry date this comes to 198% in interest<\/strong> payments alone (you net profit for joining Hooplex<\/a>) and 298% when your principal is returned<\/strong>. In monetary terms then that would see a $100 deposit earn $1.10 in interest every day until reaching $198, becoming $298 when the Hooplex<\/a> admin releases your original deposit on top of that. You can get your principal back early within the first 30 days of the plan with a 42% fee deducted from it, or a 50% fee if leaving anytime after that.<\/p>\n

So what about your payment options? I guess I can include the list of currencies and third party handlers alongside a brief description of how to deposit and withdraw from the program. As I mentioned earlier Hooplex<\/a> has its own internal currency, so the first thing you need to do after making a deposit is to exchange it to Lexera (LXR)<\/strong>. After doing that you can then start an active investment. I know this is going to sound so ridiculously obvious but honestly, I wouldn’t need to repeat were it not the surprising number of people who forget it \u2013 after you have made your initial deposit it’s simply not enough to just leave it there. You have to fund your LXR wallet and move your funds to an active investment plan before you can start earning with Hooplex<\/a>.<\/p>\n

If you prefer using real hard currency and wish to invest with dollars then your only option is PerfectMoney<\/strong>. There’s a far more extensive list if you are using digital cryptocurrencies however, including BitCoin, LiteCoin, Ethereum, BitcoinCash, EthereumClassic, Tether, Dash, Zcoin, Tron, Ripple, BlackCoin, Waves, and DogeCoin<\/strong>. There’s a couple in there I’ve never even heard of before, others not especially popular in the HYIP industry, but the choice is there for you if you want. When I said the minimum investment required to join Hooplex<\/a> was $50 that wasn’t exactly 100% accurate. Strictly speaking the minimum is 50 LXR<\/strong>, but as they offer the exchange at a 1:1 ratio it’s the same thing. Exchange rates for all the other accepted currencies are shown when you go to make your deposit, so just make sure that whatever you are using comes to at least the equivalent of $50\/50LXR.<\/p>\n

You will see all of this on the left hand side of the page when you are deciding how much to invest. There is a drop-down box with a list of currencies, you just click the one you want to use. You then enter the amount you wish to invest using LXR (keeping in mind that it has the same value as the dollar). Below that you will then see the amount in your chosen currency that you will need to deposit to make a LXR investment of that value. For example, let’s say you want to make a $100 deposit using BitCoin. Select BTC from the drop-down box. Type in \u201c100\u201d to the next box marked LXR. The third box will then display (accurate at the time of writing!) 0.0298 BTC, which is the current exchange rate of the day. From there you just click the Deposit<\/em> button to proceed with your investment.<\/p>\n

The reverse then applies to your withdrawal. You just select the currency you are withdrawing to from the drop-down box, then enter the amount you wish to withdraw in the LXR currency, the next box below that will tell what this is valued at in the currency requesting. You then click the Withdrawal<\/em> button to proceed. Again, remember that Hooplex<\/a> allow you to withdraw to a different currency that the one you joined with if you so wish. Payments are made manually by the Hooplex<\/a> admin who requires you to allow a maximum of 72 hours for everything to be completed<\/strong>. Personally I haven’t needed to wait anything like that, especially considering the program is so new, but do keep it in mind. Smaller investors however need to remember one very important thing \u2013 at the time of writing Hooplex<\/a> have quite a hefty minimum withdrawal policy of $10<\/strong>, so in reality only the bigger spending players are going to be able to make daily withdrawals. If your request is under $10 it simply won’t be dealt with. You will also be expected to cover the withdrawal commission fees which are anything between 1% and 1.5% depending on what currency you are requesting<\/strong>.<\/p>\n

Moving on to some of the more technical details of the Hooplex<\/a> website such as design and security, looks to be well put together and a very professional job has been done on it. Hooplex<\/a> is powered off a custom-made script though unlike some similar programs it’s a lot easier to navigate. The Hooplex<\/a> domain name is registered for five years in advance, and hosting is on a dedicated server with both protection from DDoS attacks and SSL-security provided by CloudFlare. For potential investors whose English skills may not be their strong point then the Hooplex<\/a> website has been translated into four other languages. The English version come up by default as is usually the case but can easily be switched between that and Chinese, Indonesian, Spanish or Portuguese. The site also features a professionally created video presentation explaining what the program is all about. This can be viewed on the main page of the Hooplex<\/a> website or if you prefer has been embedded on the MNO monitor<\/a> as well. The more active promoters among you will be able to see there are multi-level referral rewards available in Hooplex<\/a> which should help to keep interest in the program high.<\/p>\n

Also on display is the by now almost traditional certificate of incorporation from the UK where Hooplex<\/a> claim to be operating from. There’s no postal address and these things can be bought by anyone perfectly legally over the web, but for whatever reason it seems to inspire more confidence in some folks. Without a postal address your ways to communicate with the Hooplex<\/a> admin should you have any further questions or account related issues is to either fill out the support form and submit it online through the website, or just write directly to the listed e-mail address. Something quite conspicuous by its absence however is an FAQ page, but then again I imagine that’s why a lot of admin’s need their programs reviewed on MNO.<\/p>\n

Overall it\u2019s quite an original and well planned operation, and everything at this early stage would indicate a good long run for them. Sustainable plans that can be carefully managed, good marketing, good organization, even the timing of the launch as winter gives way to spring will contribute to bigger longer term growth for them. That being said, Hooplex<\/a> is still very much a HYIP. Granted it might be a little better than an average HYIP, but nevertheless a HYIP. For the record they claim to be involved with the multi-currency core LexeraWay and electronic currency LXR. As usual there\u2019s not a great deal you can do to verify that, time will tell if any of this ever really gets traded publicly, and even if that does happen you still can\u2019t say it necessarily has to be so profitable all of the time. Better just to be aware of the risk rather than afraid of it. After all, if you want to make any kind of money from this industry then your choice is simple \u2013 either take a risk or else forget about it. All the usual rules still apply at all times here. If you join then be sensible with your spending limits, and be realistic with what you expect to earn. Don\u2019t spend money that might leave you in trouble were you to lose it, and try to keep Hooplex<\/a> as a smaller part of a wider more diverse portfolio. I expect a lot of you may be thinking already that this is exactly what you were looking for though.<\/p>\n

Just before we move on to the news section I want to finish up with Hooplex<\/a>, at least for today anyway, by asking what readers think of it. You can weigh up the pros and cons of joining, and decide whether it\u2019s a risk you think worth taking. I hope then that you won\u2019t mind answering the following opinion poll question, which is as always 100% anonymous and only takes a second to complete. Thanks to everyone who votes, as it will make interesting reading maybe not today but several weeks from now when we look back on Hooplex<\/a> and see how it has developed by then:<\/p>\n

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