iCenter, found online at iCenter.co, is a bitcoin investment platform that promises to pay you 1.2% interest per day, every day, for 120 days.
Right away, a daily interest rate that high should tell you that iCenter is a scam.
iCenter.co displays other red flags we’re dealing with a scam, including a pyramid scheme-style referral system. The website is also filled with pictures of American entrepreneurs Robert Kiyosaki and Jim Rohn – despite the fact that they have nothing to do with the company.
As far as we can tell, iCenter is a complete scam. However, let’s take a closer look at how it claims to work.
How Does iCenter Crypto Investing Work?
iCenter has a simple business model:
You deposit money into the platform in the form of bitcoin
You do nothing, and your bitcoin will magically grow at a rate of 1.2% per day, every day
You withdraw your profits and your principal after 120 days
The company promises “total peace of mind”. They claim that it’s impossible to take a loss and describe how affiliates have “a low risk of failure.”
Obviously, even the world’s best and most successful businesses don’t generate profits of 1.2% per day. So where is iCenter generating this money? How can iCenter offer such lucrative interest rates?
The company doesn’t claim to invest in anything, nor do they offer any products or services. The company doesn’t solve any major problems, nor does it offer any value. As far as we can tell, iCenter just wants investors to believe that they’ll magically turn your bitcoins into more bitcoins – all you need to do is give them money.
After you give iCenter money, you’ll earn 1.2% interest per day for 120 days. While you’re waiting for your money to grow, you can also refer people to the scheme. You get paid commissions like this:
Level 1: 10%
Level 2: 3%
Level 3: 1%
Ultimately, when someone is advertising an ROI of 1% per day or higher, but refuses to provide any transparency about their business model, it’s an almost certain sign that you’re participating in a scam. Based on what we can see online, iCenter is a Ponzi scheme or high yield investment program (HYIP).
goob
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