Is Hyperfund a scam?
Welcome to my review about Hyperfund!
You have probably encountered them upon searching for trends in investing! So, we’ll try to get to know them as much as possible!
Are you about to be conned?
Let us get to know everything about this business and reveal its true colors in this review!
But first, let’s be wary that the Financial Conduct Authority (FCA) of the United Kingdom warns its people about Hyperfund.
Hyperfund may have been providing financial services or products in the said country, but they are working without the authorization of the FCA!
If you’re engaging on an unauthorized company by the FCA, you will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong.
You won’t get the money you invested in them! Yikes!
What is HyperFund?
HyperFund is part of the the company HyperTech by Ryan Xu.
It basically provides seed funding for startups and is based on California, USA.
The aim of Hyperfund is to build a Decentralized Finance (DeFi) ecosystem.
Before we further explore this study, let us first know what is a Decentralized Finance (DeFi) ecosystem.
A Decentralized Finance is an open source technology that aims to have disintermediation using decentralized layers.
They eliminate centralized intermediaries to improve the financial system in all aspects.
In simple terms, this system aims to create or conduct financial transactions wherein they will no longer need a certain financial institution to ‘centralize’ the process.
Basically, this is what HyperFund offers!
What is HyperDAO?
HyperDAO stands for Hyper Decentralized Autonomous Organization.
This is the platform token being used by HyperFund. Its features include:
- Platform based on distributed bookkeeping and blockchain
- A decentralized stablecoin
- Ecological platform of financial services with DeFi applications
- Application scenarios will gradually increase and there will be not only a multiplication of wealth, but also a symbol of success in the future.
What are the products/services offered by HyperFund?
Hyperfund offers a lot of products. Let’s get to know them one by one!
This product is a multi-ecology digital wallet and this includes different functions in one platform only!
This provides comprehensive digital financial services that includes or related to merchant payment, mortgage loan, and wealth management.
On the other hand, HyperBC is a blockchain-encrypted bank.
This provides encrypted asset custody services wherein it can accommodate collaborative custody, full custody, and professional custody.
HPX provides safe and fast currency or legal tender transactions.
It promises safe, comprehensive, diversified, convenient, low fees, high commission, and even real-time withdrawal.
This product provides high-speed and low-energy computing chips and mining machines.
This will allow you to have access in mining which is a commonly for the rich, ONLY.
This promises an efficient digital mining ecosystem for everyone!
HyperTalk is a blockchain instant messaging software that is being used in the crypto world.
It promises a secure P2P network, privacy protection, diversifies messaging, and a multi-functional ecosystem.
This is a blockchain instant messaging software that’s also used in the crypto world.
It includes a unique incentive mechanism, proof of evaluation, and it can also store data in blocks, and even incentivize the readers.
Hypermall enables smart contract with matchmaking transactions.
This does not require you to convert fiat into cryptocurrencies.
They offer traceable goods, diversified goods, and similar services.
This software offers a higher quality livestream content and a sustainable development for the community.
This offers a stronger network and secures user data.
HyperFund Ratings and Reviews
HyperFund is rated by TrustPilot. However, they are not accredited by these websites since it is an unregulated business. Here are some of the reviews and ratings!
- Rated 4.1 by TrustPilot from 36 reviews
- TrustPilot reviews includes a mix of positive and negative comments especially about withdrawal process
What I Like About HyperFund
- Has Good Objectives & Promises
Apparently, if you've read their profile and what they offer with a pinch of giving them a benefit of a doubt, it has good objectives and promises.
Who does not want to do financial transactions without much work and fees? However, such freedom and decentralization will affect the economy.
Companies can freely scam and ditch investors. It has its ups and downs.
What I Don't Like About HyperFund
This section will be a long one as compared to what I like about them.
So, here I go...
- Unregulated, unregistered, an obvious scam
Well, who wants to engage in such a business? It is not a registered business and this means trouble.
If you engage yourself in such type of business and eventually get scammed, you're not protected by laws, policies, etc. So, your hard-earned money will just go down the drain.
Good luck with that!
- Limited information on their website
If you will look into their website (link indicated above), it is a one-page website with very little information about what they offer, their objectives, and their team.
It discloses very little information and that is fishy!
- No Retail Products
HyperFund does not offer or sell any retail products. It is just affiliate marketing that markets HyperFund affiliate membership.
- Too good to be true
HyperFund promises a 200% Return on Investment (ROI) with regards to its marketing material. It even promises up to 300% ROI by the company's affiliate investors.
- Its an obvious pyramiding scam
If you will look into their residual commissions, the most individual to earn is the owner, followed by his recruits, followed by the recruits of his recruits, and so on.
This referral commissions are paid based on the percentage of their daily HU earnings.
This includes up to 20 levels which are as follows:
First Level (Personally recruited affiliates) = 20%
Second Level = 15%
Third Level = 10%
Fourth to Sixth Level = 5%
Seventh to Fifteenth Level = 2%
Sixteenth to Twentieth Level = 1%
In order for you to qualify for this commissions, you must have an active investment.
I Created My Own Online Business At Just 20!
(With no Experience or Degrees!)
Is HyperFund a Scam?
So, is HyperFund a Scam?
Personally, I think this company is a scam.
But, if you have no room to for your money. You can probably try joining them and see where it goes.
However, if you are not like that. I do not recommend it to you.
It is unregistered and unregulated, which means that whatever happens to you will not concern any authorities.
They will even tell you that it is your fault for joining such a company.
Ignorance excuses no one.
I think this quote fits this situation (but not all).
Since you will be investing your hard-earned money in it, you must make yourself well-knowledgeable of what you will be investing in.
Aside from this, the promises and wealth that it offers is TOO GOOD TO BE TRUE.
One thing I learned about investing and business is that if it is too good to be true, it probably is not.
So, that serves as your warning.
First, I would like to apologize if it sounded that I am defaming HyperFund.
I am not.
You can go and invest in them if you want to, but it is not for me.
I don't want to risk my hard-earned money that took me years to save.
What I'm telling you is that you should always THINK, THINK, and THINK, before you engage in something.
WHEN IN DOUBT, DON'T.
Always remember that!
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Hope you find this review beneficial!
You can leave your thoughts and comments below!