Is HyperVerse a pyramid scheme?

This was a pyramid scheme as the only way members could make money was by recruiting new participants. If no new members were recruited, no money was made. Three people that promoted the scheme were convicted, fined and ordered to pay reparation to their victims.

Is HyperVerse legitimate?

Financial Advisors where asked if HyperVerse was a legitimate company, not one of them have said it's a good thing or a good investment opportunity, in addition over 50 financial authorities around the globe say HyperVerse or HyperFund “maybe” operating a scam.

Who runs HyperVerse?

Details. Hyperverse is a New York-based company that offers a virtual reality experience distribution platform. It was founded by Roman Mikailov and Arsen Avdalyan in January 2016.

Can you make money with HyperVerse?

Basically you are loaning your money to HyperVerse to pay your own rewards. You also receive 20% commission and many other rewards from people that you recruit and this goes on to your HyperVerse account that you can never withdraw, you can only collect rewards.

What is the HyperVerse Blockchain?

The HyperVerse is a virtual metaverse comprising of millions of planets. In the HyperVerse, players, also known as voyagers, can connect with friends, experience different cultures and lifestyles, create tokenized items, start businesses, and explore the universe.

Hyperfund IS a ponzi scheme (aka Hyperverse now)

Is HyperVerse a cryptocurrency?

Some cryptocurrencies are harder to obtain than others. HyperVerse is one of them. It's not available on the Coinbase app or Coinbase Wallet.

How is HyperVerse?

However, promising as it sounds, reports have branded the platform a scam, warning netizens to stay far away from it. Guests Ajeet Khurana and Rohas Nagpal deliberate on the legitimacy of the HyperVerse, and whether a platform promising 400% rewards is really too good to be true.

What is Hyperverse investment?

The Hyperverse Crypto ecosystem offers a decentralized financial infrastructure for digital currency users. The project is based on time travel that comes from the Metaverse effort. It is reported that investors of the project can explore the cosmos within its metaverse. They can also create things and sell them.

Is it good to invest in Hyperfund?

Hyperfund is can be classified as a Ponzi or MLM scheme, otherwise known as a Pyramid scheme. The company generates revenue from affiliates or members selling its services and products.

How does Hyper fund work?

Hyper Fund provides seed funding for startups. Seed funding is the earliest stage of venture funding. Hyper Fund manages investments in firms leveraging blockchain technology, looks for tokens that have high community demand and innovations to digital currency technology across the globe.

Should I trust HyperVerse?

Hyperverse is the best. They have some withdrawal delays now, but they are still paying even during this difficult crypto season. I'd suggest guys should join and earn money. If you are ready to join this amazing platform, you can contact me .

Is HyperVerse an MLM?

No, there are a number of multi-level marketing schemes operating in New Zealand which are not pyramid selling schemes.

What is HyperVerse and how it works?

A Hyperverse is a collection of Xenoverses, randomly scattered around, except if the Xenoverse is unable to assume a random position in space and is dependant upon another Xenoverse or else.

What coin does HyperVerse use?

supply of 10,000,000,000 HVT coins. If you would like to know where to buy HyperVerse at the current rate, the top cryptocurrency exchanges for trading in HyperVerse stock are currently BKEX, and PancakeSwap (V2).

How much is a HyperVerse unit worth?

The current price is $0.021894 per HVT. HyperVerse is 99.72% below the all time high of $7.74. The current circulating supply is 0 HVT.

Is Hyper fund legal?

The Finance Ministry has clarified that Virtual currencies are also not legal tender. Hence, VCs are not currencies. The RBI has also clarified that it has not given any licence/ authorization to any entity/ company to operate or deal with Bitcoin or any virtual currency.

Who owns Hyper fund?

Ryan Xu, founder of Hyperfund and his partner Sam Lee are on the run. Previous they have founded the collapsed opportunities: Blockchain Global. Hypertech.

Is Hyper fund regulated?

On 10 December the FCA warned the public for investments in Hyperfund and Hyperverse. Earlier Business For Home warned for Hyperfund and Hyperverse and their top scammer Kalpesh Patel. The same type of warnings for Hyperfund / Hyperverse are from financial regulators in: India.

Is Hyperfund FCA approved?

This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.

Is Hyperfund a registered company?

hyperfund is a registered trademark and DBA of of hyperfund, Inc., a Washington State C Corporation.

Who is behind Hyperfund global?

Hyper Fund was announced in mid-2020. As per the company website it is led by Ryan Xu, however, with the Multi-Level Marketing (MLM) model Hyper Fund has been luring investors with higher returns and such offerings, a common practice under Ponzi Schemes, that got the authorities alerted in the first place.

Where is HyperFund based?

HyperFund is a venture capital firm based in San Francisco, California. The firm is based on the multi-manager hedge fund model.

How do I know if an investment company is legitimate?

All you have to do is look it up on the Financial Conduct Authority (FCA) register. This is a database which holds details of every financial company that's registered and regulated by the FCA. You can search for a company by entering its name and/or postcode.