Adriana Jaycie
Active member
Is Cashmine a HYIP (High yield investment program) or is it a scam? Listed below are my findings. If you're looking for a HYIP that pays you to do online tasks, Cashmine is definitely worth a try. However, before making any investment, it's important to understand how HYIPs work and whether this program is a scam or a legitimate opportunity. Luckily, I've found both.
Cashmine is a HYIP- High yield investment platform
CashMining looks like a real investment platform, but it's actually a HYIP (High Yield Investment Program). This type of program is a ponzi scheme disguised as an investment platform. It pays out only if new investors sign up and invest money, so it puts pressure on new investors to bring in more people. Once the number of new investors drops, CashMining owners keep their money invested.
HYIP-High Yield Investment Programs are similar to Ponzi schemes, with fraudulent schemes that promise attractive investment returns for a low risk. These schemes are based on fictitious securities and don't have any legitimate underlying investments. The operators of these schemes often try to fend off attempts to expose them as scams by promoting a Prime Bank. The Prime Bank is supposed to provide funds for emergencies, and to prevent bankruptcy.
HYIP-High Yield Investment Programs are similar to Ponzi schemes, with fraudulent schemes that promise attractive investment returns for a low risk. These schemes are based on fictitious securities and don't have any legitimate underlying investments. The operators of these schemes often try to fend off attempts to expose them as scams by promoting a Prime Bank. The Prime Bank is supposed to provide funds for emergencies, and to prevent bankruptcy.
It pays users for performing online tasks
Like many other online earnig sites, Cashmine promises to pay users for performing online tasks. You can also earn money by sharing sponsored posts to your social media accounts. You can earn up to N1,000 per sponsored post you share, which is a fairly decent amount of money. But you must remember to register for Cashmine in order to receive your first payout. There are some conditions to follow when signing up for Cashmine, though.
For instance, mystery shoppers earn 100% profit. You don't get reimbursed for the items you purchase. The only downside is that you need to travel to the client's site to perform a mystery shopping task. You need to factor in the cost of travel into your pay. Otherwise, it will be difficult to make a decent amount of money doing these tasks. However, if you can travel for your tasks, they may be worth your time.
For instance, mystery shoppers earn 100% profit. You don't get reimbursed for the items you purchase. The only downside is that you need to travel to the client's site to perform a mystery shopping task. You need to factor in the cost of travel into your pay. Otherwise, it will be difficult to make a decent amount of money doing these tasks. However, if you can travel for your tasks, they may be worth your time.
It is legit
Is Cashmine legit? First of all, it looks like an investment platform, but it's not. CashMining is actually a HYIP, a type of ponzi scheme that offers extremely high returns. Those who sign up are only paid once new investors sign up. In fact, the high returns are used as bait to lure people into signing up. However, before investing, be sure to understand what you are getting yourself into.
The Cashmine website features a profit calculator. Investing $3,000 for 90 days at 7% returns will earn you $31,506.3. Moreover, the Cashmine platform also has a referral bonus program, which gives affiliates 10% of all deposits made by a client. Once a client joins the cashmine affiliate program, they will get a 10% replenishment of their GH/S balance. As long as they meet the minimum requirements, Cashmine seems to be legit. However, if you're not aware of these requirements, you should avoid investing any money on the site.
The Cashmine website features a profit calculator. Investing $3,000 for 90 days at 7% returns will earn you $31,506.3. Moreover, the Cashmine platform also has a referral bonus program, which gives affiliates 10% of all deposits made by a client. Once a client joins the cashmine affiliate program, they will get a 10% replenishment of their GH/S balance. As long as they meet the minimum requirements, Cashmine seems to be legit. However, if you're not aware of these requirements, you should avoid investing any money on the site.
