Coinomia investment plan started in November 2016. However, the website was build two years back. Recently, there have been a lot of buzz about Coinomia as it claims to provide 150% return in small amount of period by investing in Bitcoin Mining.
If you are planning to make your fortune from Coinomia, you need to know what it is all about. Is it legit and not scam as many other investment platforms? Can it stay for long as most of them dies sooner? There are many other things that you need to verify before putting your money in this platform.
What I have found out through my research that it is not just an MLM company but a HYIP investment program as well. HYIP stands for high yield investment program are those program that promises for impossible returns in short span of time. Coinomia is also following the similar strategies. These programs do not last longer leaving many investors stuck in the middle of the program.
The company invested a lot in advertising with a hope to get maximum people to join the site. They claim that through their program, average people will be able to avail the bitcoin mining machine. Bitcoin Mining is a critical process and involves sophisticated technology. It also results in hefty electricity bill and many people cannot afford it. It requires a lot of energy an investment. Coinomia is using solar power to drive the cost of electricity.
Coinomia offers three investment plan. These plans have different prices that can be selected as per customer’s pocket. The minimum investment plan is of $100 which is known as Pool Contract. You need to pay $100 for this plan and will get shared space on Bitcoin Machine. You get 150% return and the term period is 15 months.
The second one is Machine Contract where you get the access to one bitcoin machine. You need to pay $1000 to start this plan and the maturity term is 15 months with 150% return.
The last one is Rack Contract. This plan gives you the access to rent an entire row of machines. This is the expensive one and very rare people have that kind of amount lying for investment. It also has the same maturity period of 15 months with 150% return.
All these look fancy when you look at first. However, digging ill help you understand the loop holes that can get you in trouble. Companies that promise high yields in smaller fraction of time, always have things to hide. Coinomia is no different. Although, we do not have proof regarding its crash in coming years, but the history says it all. All HYIP works in the same fashion and shut down without giving payouts.
These kinds of companies have no regulation and in case of Coinomia, the case is same. It is not governed by any regulating body that brings us to square 1. Their entire system looks fake. They claim that thousands have signed up for their plan and they have a large warehouse with bitcoin machine for renting. But, only to meet the requirements of Rack Market, they need to have access to few very important machines. Which is practically not possible for an investment firm as per the number it has given. This brings it to the zone of danger.
They also provide MLM programs and you need to have a large fan followings to get some good bonus. On top of that, you will have to fight with your conscience to ask others to invest in a dicey program for making profit. All in all, Coinomia is not worth spending