Is HPX Crypto reliable? Be sure to read before investing

Crypto Hpx said it was a platform that brought together cryptocurrency enthusiasts. The company appeared on the market with an audacious goal to gather 100 thousand investors for the company's new cryptocurrency: E-Bull Coins. 

hpx Ccrypto offered investment plans to its clients invest dividends and whoever started to invite more members would have company bonuses. The idea was to create a network of multipliers or sponsors to reach 100 investors. 

Presentation da empresa

A hpx Ccrypto introduced the world of cryptocurrencies to investors, explained how to make a profit from operations and did it in a concise.

They had 5 steps to explain the ways to earn with cryptocurrencies. Look: 

1st step: was to explain what cryptocurrencies are and how technology blockchain it worked. In the presentation, you can see how they emphasized the appreciation bitcoin. At that time the bitcoin it was worth 36 thousand reais.  

Investors were told that with the bitcoin they would start invest in Crypto Hpx. The initial investment was R $ 105 at the time or 0,003 bitcoins. Currently, this value corresponds to 237,80.

The excuse to use the bitcoin in transfers was: “You need to become familiar with cryptocurrencies, so we chose the bitcoin to save your income and make transfers ”.

That is, the person would have to buy bitcoin and send it to the bitcoin wallet of Hpx Cryptocurrency Brazil. 

2st step: explained how income and profit would happen. There were 3 ways to earn from hpx Crypto. The first did not include any type of investment, only referrals, every user registered on the platform would earn from the referral. Basically an affiliation system.

The other way is by depositing bitcoin in the hpx Cryptocurrency for the company to make daily commissions of 4,24% per day.

The promise to investors was to increase 140% in 33 days for those who hire plans of Hpx Crypto. Withdrawal would happen automatically every 11 days.  The last form of gain was the global profit division.

3st step: a hpx Cryptocurrency explained about investment risks. THE hpx Cryptocurrency was one of the only companies that talked about the risks of operating in the financial market. But the explanation did not apply to the company, but to the risks of the financial market in general.  

These steps were posted on the largest advertising portals in Brazil. They all pointed to the site: hpxcryptobrasil.com.br. Currently the site is down.

What is hpx Ccrypto? 

A company Crypto Hpx was an investment group in the cryptocurrency market, they talked a lot about cryptocurrencies and said they would launch the E-Bull Coin.

E-Bull Coin was the cryptocurrency the hpx Ccrypto, that digital currency is supposed to be ready for launch and launch in 2020.  

In the presentation of E-Bull Coin they said that currency was the improvement do bitcoin. They would also have a more advanced and improved model of instant sharing, apparently the developers would be Asian.

This whole speech was accompanied by explanations of how the bitcoin has appreciated in recent years. That is, they used the bitcoin as a valuable example to explain about the potential for currency appreciation.  

However, the main focus was on attracting investors so that E-Bull Coin launched on the market and people could mine it.

Company goal

The goal was to reach 100 investors by December 2019. But the company was confused, because they first said that the cryptocurrency E-Bull Coin was ready to launch and later talked about the operational impediment. Yeah, E-Bull Coin would need third party capital for mining to happen. 

On the website of the company that is currently offline, there was a complete table on earnings, the so-called compound interest. These earnings were pre established for each portfolio and would come automatically. That is, it was just the person depositing bitcoin on Hpx Crypto. 

Bitcoin Gpx crypto 

Bitcoin deposits would yield 4,24% per day and withdrawals would be made automatically. Multipliers or disseminators on the platform would gain 2,02%.

There were, therefore, 2 investment plans. The first is the investor and the second is the promoter. The promoter did not need to invest only in recruiting new members for the company. But the person could also be both: investor and promoter.

There was material available for dissemination and for anyone wishing to learn more about cryptocurrencies. This material was in Portuguese.

A Hpx Crypto Investor seemed to have an innovative idea, this initially attracted many investors. Their cryptocurrency also promised high profitability, but it had a condition for the E-Bull Coin be launched, the company should first reach 100 thousand investors. 

Is it a pyramid?  

Yes to hpx Cryptocurrency it was a financial pyramid and broke. THE hpx Cryptocurrency tried to justify closing the company and limiting withdrawals.

A statement was issued on the official website in English. They said they suffered cyber attacks on the platform, so the user would need a validation of the documents to turn back the loot. That is, they imposed a series of bureaucracies on their investors to recover the capital, but they did not succeed. 

We are not sure what happened on the platform, we are relying on reports from users who were on hpx. But what we do know is that hpx it is similar to other cases of financial pyramid involving cryptocurrency.

It is common to see the withdrawal being blocked first, then the company puts the blame on hackers or technology, later complaints about the company appear on social networks and finally it closes. 

hpx Ccrypto news 

There is a lot of content in youtube  on hpx Cryptocurrency, they hired portals for advertising and youtubers to influence new customers. The company did not have a valid CNPJ to operate in Brazil. However, it managed to attract several investors through digital influencers.  

The company stopped paying customers and disappeared without a trace. THE hpx Cryptocurrency it is yet another case of a financial pyramid involving cryptocurrencies in Brazil.

One of the victims of hpx transferred 4 bitcoins to the platform and released a video on youtube  explaining about income. That victim said the yield would be 40% in a few days.  

The same person who applied 4 bitcoin on Hpx, later appeared in a TV report record about pyramids. This victim said he lost all the invested capital, about 160 at the time. And today after 1 years the 4 bitcoins lost is equivalent to 318 thousand. 

The Federal Police in Brazil investigated more than 50 companies in 2019. All such as the hpx, the biggest one was nick Forex . nick it also closed due to financial fraud, debt avoidance and money laundering.   

Complain Here Hpx Crypto

A hpx Ccrypto is more of a financial pyramid or scheme Ponzi in Brazil. The scheme ponzi consists of the promise of high returns on your investment.

However, the company has no real profit on its operations, it pays the returns with the money of the incoming investors. That is, the hpx it did not do market operations, it was a fraud. And left several complaints.

Conclusions 

Be wary of any investment promise with expressive and quick gains. The income of more than 4% per day for a company, is considered a high income, always be wary.  

We know that it is possible to monetize money with trades and operations, so it is easy to convey the idea that 4% a day is possible in the financial market, but this is done individually. A company and a platform have operational costs and it would be little likely a yield of 4% per day. 

So if you want to invest in bitcoin look for platforms that have credibility in the market, be wary of any intermediary that promises fixed monthly earnings. To hire people to manage your investment, look for companies accredited by CVM in Brazil.