EtherChain Review

Unsurprisingly, EtherChain tries its best to cover the name of its founder. Many such Ponzi schemes try this to avoid legal issues. However, I consequently found out that Andreas Kartrud is running EtherChain.io from Skane, Sweden. The organization outrightly lies about its origin as a well-established crypto trading and mining company.

Actually, EtherChain.io was recently created on 1st June 2020. In relation to the interface and structure of the web site itself, it's very poorly designed, to convey the least. At the start, the organization describes itself whilst the world's first decentralized support fund, without giving any proof. Moreover, it's an average page of Top 4 Sponsors, but when you enter it, it generally doesn't provide any further details. The organization starts raising red flags from the start of its inspection. Keep overlooking this review to find out whether EtherChain is legit or even a scam.

What is EtherChain?

EtherChain is surely an Ethereum-based crypto company. It claims to be the planet number 1 decentralized Ethereum network. Furthermore, EtherChain.io states that it has Ethereum smart contracts in the network marketing area. The organization states a great a great many other features as well, such as a tamper-proof and non-corruptible network.

EtherChain.io promises a regular 1% ROI of the investment for 310 days. It really means that the organization promises an entire ROI of 310%. Moreover, it says that you will be able to track a myriad of transactions through the Etherscan feature of the company.

EtherChain's Products

EtherChain has no retailable products or services, with affiliates only able to promote EtherChain affiliate membership itself.

EtherChain's Compensation Plan

As the name suggests, EtherChain claims to be an Ethereum-based crypto trading platform. It asks the users to invest Ethereum in the organization and get around 310% ROI. In accordance with the ROI plan of the organization, the members are will get 1% daily for 310 days. Even as we know that the owner behind this business is a serial scammer, so there's no guarantee that the organization will probably pay even just one penny to the members. Moreover, it's highly unlikely that the organization will survive for a lengthy time frame, which means users won't manage to recover their investments.

Joining EtherChain

EtherChain affiliate membership is free.

To take part in the attached income opportunity minimum 0.1 ETH investment is required.

Conclusion

Like many serial scammers before him, Andreas Kartrud has seen that running scams is more profitable than promoting them – whilst a high promoter.

And so we've EtherChain , a barebones Ponzi scheme running on the ethereum blockchain.

That Kartrud is running his scam on “the blockchain” is neither here nor there. EtherChain is a Ponzi scheme and illegal the planet over.

Exactly like all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.

This may starve EtherChain of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, many participants lose money.