Thursday, June 15

Cryptomidas Ltd – Midas in the digital age


Hello moneymaker,

You might have noticed that lately DavidNews.com monitor has been updated more frequently. Therefore, it’s time for another review. I would like to start this review with a fun fact - today’s HYIP is the third project in a row, which is built on Gold Coders script for HYIP’s. There is nothing good or bad about it. In fact, there can be long-term programs also built on readymade scripts. Today I’m reviewing a program called Cryptomidas Ltd, which joined Standard Listing on DavidNews.com 4 days ago. The project has been Online for 7 days total. I have reinvested $200 in the project, to track the performance of the program.

Have you ever heard word Midas? For those who haven’t heard it before, in classical mythology, Midas is a Phrygian king, son of Gordius, who was given by Dionysus the power of turning whatever he touched into gold. If the admin didn’t choose Cryptomidas Ltd for fun, then most likely the name of the project stands for the same Phrygian king but in the digital age. In other words, the king that has the power of turning whatever he touched into cryptocurrency. However, I didn’t find any reference to it on the company biography page. From the company homepage, we can learn that Cryptomidas Ltd is an online investment platform which was developed to capitalize on the Cryptocurrency market.

Yesterday Cryptomidas Ltd made an announcement on their news feed that there is a phishing website (cryptocashlimited.com). In fact, I have just checked it and the design looks the same as Cryptomidas Ltd, but with different investment plans and company registration details. It looks like someone has copied the whole website with the text and adapted only some element on the website. Not sure about the idea behind it. Probably, the latter website owner hopes that someone will get confused by the two websites.

Cryptomidas Ltd is offering three investment plans with different minimum deposit sums. Keep in mind that in all three investment plans your deposit is included in profit, which means that it will not be returned at the end of the investment term. The first plan called Startup Midas with 1.5% daily for 120 calendar days looks like the most affordable due to its minimum deposit of $10. The next plan has a minimum deposit of $350 with 2.5% daily for 60 calendar days. In such plans, you should calculate yourself when your deposit will reach its break-even point, in case you want to leave the project earlier due to any circumstances. For instance, a deposit of $200 will fit the first investment plan and with the 1.5% daily rate, the break-even point will be reached after the 67th day. So, the deposit in this plan will start making the revenue after the 68th day. As usually, there are two sides of the coin. First, investment plans where the deposit is included in the profit have less risk of collapse in case many guys pull out their deposits at the end of the investment plan. On the other side, we can never predict the next move the admin is going to make. He can make many moves even before the break-even point, which is only reached after two months.

So, what have we got here? Another cryptocurrency inspired HYIP, which is promising to make money based from cryptocurrencies. Cryptomidas Ltd has done a great job by achieving a “great” success on Twitter – only 5 posts and 1200 followers, which is obviously a short cut. Moreover, this project is offering only a long-term investment plans where your deposit is included in the profit. Even though there is another website, which has copied its design and functions, the HYIP currently looks fine. However, it’s hard for me to predict if there will be many potential investors willing to make deposits for such long investment terms in early days. If the project will prove that it will be long-runner than sure - the sky is the limit here. As always keep in mind that all HYIP’s are highly risky and you are the only person responsible for your investments. Therefore, if you ever decide to make any investments, don’t invest more than you can afford to lose!

- Project details -

DavidNews.com investment: $200

Investment plans: 1.5% up to 2.5% daily for 60 up to 120 calendar days, initial deposit included in the payments. 3.5% daily for 60 business days, initial deposit included in the payments.

Payment processors: Perfect Money, Bitcoin, Payeer, AdvCash

Investments starting from: $10

Cash-out: Instant

Technical status: SECURE

  • SSL: COMODO RSA Extended Validation;
  • Hosting: Ovh;
  • DDoS protection: Ovh;
  • Script: GoldCoders;

Support: Contact form, phone, e-mail

Affiliate reward: 3-2%

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Advertise here for $70/week or $210/month, check availability here.

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