HashFinders Review – Don’t Find Any Income Here!
Welcome to my HashFinders review!
Ever wondered why cryptocurrency’s got such a bad reputation? It’s because of scams like these that promise X% of ROI for a minimum investment. In short, turn your $25 into thousands in a month.
Unfortunately, people who know their way around cryptocurrency or investments in general will know that these programs are 100% BS.
Today, we’re looking at one program called HashFinders, and we’re going to uncover the depths of this notorious scam.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with HashFinders in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal what this cryptocurrency investment MLM is all about...
HashFinders Review Summary
Product Name: HashFinders
Founder: Not disclosed
Product Type: Cryptocurrency MLM
Price: $100 minimum investment
Best For: No one
Summary: HashFinders is a MLM company that markets itself as a cryptocurrency investment program. However, it's nothing more than a pyramid scheme, and we found all of the red flags. There's no owner information, and their incentives for their income opportunity are all focused on recruitment.
What is HashFinders?
HashFinders is a MLM or multi-level marketing company that markets itself as a cryptocurrency investment program, specifically Bitcoin.
The company claims that they’re a group in Korea that specialized in Blockchain, cryptography, and mining. They also claim that they’ve been doing this since 2016. But a quick domain name research proves otherwise.
Here’s what we found out about their domain:
- Their domain has been registered in 2016, but was not used.
- It was only re-registered in 2019 under a new owner.
- The domain registration was private.
So right off the bat, the company lies outright in terms of how long they’ve been in business. This is not a good sign. We’ll move on to their products and services.
HashFinders Product Line
On this side, you won’t find anything useful being offered by HashFinders. In fact, they don’t have any products or services to offer.
What they offer here instead is membership into their investment program that will allow you to take part in their MLM operations.
There’s no retail activity here, so any profit generated comes from investment from new members.
But are they investing your money here or are they being traded?
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Does The Product Work?
All right, so the investment vehicle being used by HashFinders is dubbed as a Hash. This is what you’ll purchase on set amounts, which will determine how much money you’re going to make.
In reality, you’re just buying into these Hashes in order to pay for the investments made by those above you. If you’re a new recruit, you’re at the bottom tier. You’re not going to get any money unless you recruit people under you.
This in itself is a tell-tale sign of being a Ponzi scheme because all income generated comes from members’ new investments.
There’s no proof that trading or investments are being done to generate profit. They are also not registered with the SEC and other financial authorities so they can carry out these activities.
Once the recruitment stops, the income stops too. This will collapse the company and will force management to shut it down or rebrand into something. The latter often happens.
How To Make Money with HashFinders?
HashFinders only offers one way to make money from their program, and that is through recruitment.
How To Get Started with HashFinders?
A minimum investment of $100 in Bitcoin is needed to get started with HashFinders. However, there are different levels of Hash that you can select from.
Hash 1 – This level will require an investment of $100 to join.
Hash 2 – This level will require an investment of $300 to join.
Hash 3 – This level will require an investment of $500 to join.
Hash 4 – This level will require an investment of $1000 to join.
Hash 5 – This level will require an investment of $2500 to join.
Hash 6 – This level will require an investment of $5000 to join.
Hash 7 – This level will require an investment of $10,000 to join.
Hash 8 – This level will require an investment of $20,000 to join.
Hash 9 – This level will require an investment of $40,000 to join.
Hash 10 – This level will require an investment of $50,000 to join.
The Hash you purchase will determine how much ROI you make and how much % you make from your recruitments.
HashFinders Compensation Plan
They supposedly promise you a fixed ROI, depending on your Hash bought. The higher your Hash bought, the higher your ROI is. ROI is promised daily for 0.5% to 2.9%.
Not much information can be found about their referral commissions. But you can earn from building a team and forming your downline.
When you recruit a new member, you earn a 7% referral commission.
Their matching bonus follows a unilevel compensation structure, where your personal recruits are placed under you and marked as your first level. Their recruits are placed on your 2nd level below you, and goes on from there.
The matching bonus caps at seven unilevel team levels.
HashFinders Ugly Truths Revealed!
#1 Obvious Red Flags Of A Ponzi Scheme
Whether you want to believe it or not, these are all the red flags of a Ponzi scheme. But the most obvious one just so happens to be its keen focus on recruitment.
As you can see from their compensation plan, incentives are greatly focused on recruiting people into the program.
Because there’s no retail product or service to offer, there’s no other way for members to generate any income at all.
#2 No Owner Information
Another red flag here is that there’s no owner information. What this basically means is that they don’t want to be liable for anything.
OneCoin, a very notorious scam that got caught last year, was very public about who owned it and now the owners are currently either in jail or battling some lawsuit. Some of the members are also facing similar consequences.
It doesn’t surprise me at all as to why they hide the people behind this scam.
#3 Not Registered With Financial Regulatory Agencies
Technically, they guarantee an ROI as part of their income opportunity. Unfortunately, activities that require ROI to be generated need to be licensed and registered under various financial agencies such as the SEC.
If companies don’t get these necessary permissions, they run the risk of securities fraud. You can also run the risk of going to jail for promoting this program.
What I Like About HashFinders?
There’s nothing to like about HashFinders. It’s just a Ponzi scheme with nothing decent to offer.
Is HashFinders a Scam?
Without a doubt, there’s something going on with HashFinders and it’s got Ponzi scheme written all over it.
There’s a number of red flags that we caught while reviewing this program that further convince us it’s a Ponzi.
- There’s no owner information so they’re hiding the people behind this scam. This way, they won’t be sued for anything.
- There’s no other source of income other than to recruit and bring people into investing into the program. Once recruitment stops, the money stops coming in to.
- They are not registered with financial authorities to carry out investments.
Stay away from this program at all costs!
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