Hey there. Welcome to my FULL HomeBlockCoin Review!
HomeBlockCoin is a new cryptocurrency that works similarly to the well-known Bitcoins.
This year we have witnessed an explosive growth in the cryptocurrency market with the market cap now surpassing $190 billion.
As you would expect, new companies are now making their way into the cryptocurrency market to try to maximize on this great opportunity.
HomeBlockCoin is one of the new entrants in the market that advertises itself as a decentralized and self regulating financial network that works differently from banks.
If you are new to cryptocurrency, it is easy to think that HomeBlockCoin is a good investment opportunity.
However, before you join any business that promises you will earn good money, it is important you do your research.
When I first heard about HomeBlockCoin, I became suspicious considering the many scams I have witnessed in the cryptocurrency market in the recent past.
To find out if HomeBlockCoin is different from others I have seen, I decided to carry out an in depth research about this business.
My review of HomeBlockCoin will take a look at what exactly it is, how it works, and the compensation plan, so that you can know whether to join it or not.
Let’s get to the full review…
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HomeBlockCoin : What exactly is it?
HomeBlockCoin is a decentralized financial system that deals with cryptocurrency mining and bitcoin lending.
The website of this company is registered using the domain name HomeBlockCoin.com.
On their website, this cryptocurrency company says that you can make decentralized payment without the need to go to a third party financial institution such as a bank.
Hence, they claim that transactions can be completed in a few seconds without incurring any fee.
HomeBlock Coin launched its ICO on November 4, 2017, and they are saying they will have sold 5 million HBC in just 20 days.
The crypt coins are currently selling at $1 but the company says the value could rise to $375 come the end of 2018.
You might be wondering why this company is called HomeBlockCoin.
Well, the reason is that they claim to use an automated trading software that allows members to easily mine their coins from home.
This sounds too familiar to another crypto lending scam called Bitconnect.
HomeBlockCoin : How it works
This company says that you can use any device connected to the internet to mine HBC from home.
However, when you look clearly on how their system works, you will find that it is similar to previous scam programs like Bitconnect.
HomeBlockCoin says that they use an automated trading software that helps members mine cryptoins.
This is the same system that Bitconnect use only that it doesn’t earn you large ROIs as they claim it will.
HomeBlockCoin claims that the automated system can help you earn ROIs of 0.15% to 0.30% every day.
With no evidence to show how the system works, it only makes HomeBlockCoin look suspicious like other scams that have used the same lending program.
HomeBlockCoin compensation plan
HomeBlockCoin doesn’t have a compensation plan like other MLM companies.
Instead, they are using lending plans to reward their members.
HomeBlockCoin promises people that they will earn a daily return on investment of 1% to 1.6% if they invest in the business.
However, because HomeBlockCoin is still in the initial coin offering stage, don’t expect to make money if you invest now.
Once they officially launch their coin in the market that is when you will start to earn an income.
Anyway, for you to make money through this plan, you are required to invest a minimum of $100.
You can qualify for additional bonus if you make a higher investment.
Members who invest over $1000 qualify to get an extra bonus interest of 0.15% to 0.30%.
This is how the HomeBlockCoin investment plan looks like:
· Invest between $100 to $1000 and earn a volatility interest of about 1% daily, and get your capital after 239 days.
· Invest between $1001 to $5000 and earn the volatility interest plus an additional interest of 0.15%, and get your capital after 179 days.
· Invest between $5001 to $10000 and earn the volatility interest plus an additional interest of 0.25%, and get your capital after 120 days.
· Invest between $10000 to $100000 and earn the volatility interest plus an additional interest of 0.3%, and get your capital after 99 days.
HomeBlockCoin also gives their members an opportunity to earn a referral bonus every time they refer a new investor to this business.
Depending on your level, you will receive a referral commission of between 1% to 8% on every loan your referrals make in the first level.
You will also get an additional fixed bonus of 5% on the interest received by your referrals.
HomeBlockCoin Review : Pros and cons
· You could make big profits if you invest now since the value of HBC is estimated to be $1000 per coin come 2020.
· They have a well crafted and educative marketing video.
· The future value of this cryptocoin is hard to predict.
· Risky investment decision since there is no immediate earnings.
· Uses the same business system to previous scams.
HomeBlockCoin : The verdict
HomeBlockCoin has similar business system to previous scam companies like Bitconnect and Hextra.
I have never come across any legitimate cryptocurrency business estimating the future value of their coin on a white paper.
The fact that they are predicting the value of their cryptocoin on a white paper is a desperate attempt to mislead people to invest in them.
Yes, it could be tempting to buy a cryptocoin that sells at $1 when someone tells you its value will rise to $375 in one year.
However, that someone should not be the same company you are buying from, especially if they have no track record in the industry.
It is too early to predict whether HomeBlockCoin will be a success or not.
However, based on the similarities between HomeBlockCoin and previous scams like Bitconnect, I don’t think this is a company you can trust with your money.
My verdict is that you think hard before you put your money into this business.
I hope that you found the HomeBlockCoin Review helpful.
If you have any questions, feel free to leave them in the comment section below.
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(Founder) How To Stay Safe On The Net
My name is Jason.
I am an Internet Marketer and more than that, I help, guide and inform people to ensure they are making the right choice when it comes to choosing how to make money online.
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