The MASG COIN cryptocurrency platform offers investors a rather big and fast profit. According to legend, the project is engaged in lending. However, the yield for this type of activity seems too high. Let’s check the reviews about this site and see if it’s a scam.
- MASG COIN General Information
- Registration and Client Portal Review
- MASG COIN Investment Products
- Investment Plans Review
- MASG COIN — Deposit and Withdrawal of Funds
- Additional Options
- Is MASG COIN a Scam?
- Legal Information and Licenses
- Masg-coin.biz Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
MASG COIN General Information
|Address||Cary Chambers 1, Palk Street, UK|
|Investment term||1-7 days|
Registration and Client Portal Review
MASG COIN has created an official site that is annoying because of its clumsiness. There are quite a lot of unnecessary elements, bright images, and strange drawings. The perception of content is complicated due to the color pictures in the background. The company discloses too little information about itself. Some legal information is in the footer. However, we can say that its presence looks rather strange since the project calls itself decentralized. Although some contact details are here, the easiest way to contact support is in the chat on the main page.
The registration form is impressive in its size. However, most of the fields in it you can skip. It’s enough to enter your last name, and first name, come up with a username, and enter a password and email. You will also need to come up with a secret question and answer. Besides, you can enter your payment details. Only fields with cryptocurrency wallets are presented here.
In the Client Portal, it turns out that MASG COIN does not issue loans. All available options are investing, inviting a friend and viewing referral payouts.
MASG COIN Investment Products
According to legend, this is a decentralized lending platform on the Ethereum network, which also supports Dai. In simple words, money goes in one direction. Only investors receive services here. How exactly MASG COIN issues loans to borrowers, if registration is not even provided for the latter, is a big question.
Investment Plans Review
The site presents only investment plans with a profit for investors. You can choose one of the following options:
- Investment for 7 days with a daily profit of 2.10%. The minimum deposit is from 20 to 50 thousand dollars.
- Investment for 1 day at 115%. The minimum deposit is $1,000. The upper limit is 50 thousand.
- Investments for 3 days with a profit of 130%.
- Investments for 5 days. From 250 dollars to 50 thousand. You can get 175%.
The main deposit is included in the payouts, but such profitability still seems huge. It is unlikely that any of the clients in their right mind will take a loan on such unfavorable terms. Even MFIs have lower interest rates.
MASG COIN — Deposit and Withdrawal of Funds
You can deposit your account or withdraw funds only with a crypto-currency wallet. In fairness, we should note that there are quite a lot of cryptocurrencies. You can choose the most popular BTC and ETH, or other altcoins.
MASG COIN has a four-level affiliate program. For each referral deposit, you can get 3, 5, 7, or 9%. It is not entirely clear why after the third level comes the first one again. But this is probably a question for the creators of the site, who filled it with content in a hurry. There are many mistakes and omissions here.
Is MASG COIN a Scam?
The legend of the project does not stand up to criticism. On the main page, the creators write that this is a credit platform. However, as we have already seen, they do not make any loan offers to anyone. Besides, this is not all the facts of deception.
Legal Information and Licenses
What is a decentralized platform? As a rule, this is an anonymous development team. A company that operates without government approval or regulation. MASG COIN’s decentralized nature is refuted on the main page. That’s because the registration number and legal address are published here.
In the UK register, there is indeed an entry for such a company. It’s called MASG LIMITED. It would be correct to say that it was called. The company was dissolved in 2015. Besides, it was busy not in the financial sector, but in construction. So MASG COIN gives out for its documents the data of a long-defunct company.
By the way, we decided to clarify this issue with technical support. The operator replied that MASG COIN and MASG Ltd are not the same thing. However, we wondered why the creators had posted the registration number for this organization on the site. The operator preferred to ignore it.
Masg-coin.biz Domain Info
It is impossible to rank the period of existence as an advantage of MASG COIN. Reviews about it appeared a month ago. A domain check shows that it was rented on June 14th. It turns out that the project has been working for only a couple of months. It doesn’t fit in with the statements on the front page that millions of dollars have already been invested here.
We have made sure that MASG COIN support doesn’t answer uncomfortable questions or simply ignore clients. It’s hardly worth expecting that they will pick up the phone or answer the email.
The rules spelled out the complete absence of guarantees. MASG COIN, like any HYIP, reserves the right to change the terms of the program, payout commissions, and so on. Of course, the platform will not bear any responsibility for the loss of the deposit.
Pros and Cons
- Affiliate program.
- Fake legend.
- No registration.
- Inflated profit.
- No license.
- Lack of reviews.
Frequently Asked Questions (FAQ)
This project offers only short-term investments.
No, it is a fake company without a license.
Yes, it has a four-level referral program. You can earn up to 9% on each referral.