King Finance Trade Review | Watermine SHA 256 Clone, Legit or Scam?

King Finance Trade Review

King Finance Trade Review: barely a few days after Watermine’s surreptitious closure, the anonymous owners offer King Finance Trade. Is there any proof that both companies are the same? 

We piece the missing links in the chain of multi-level marketing fronts of Watermine in this article. Once online sleuths pieced the shreds together, the Ponzi shroud falls off King Finance Trade, revealing its Watermine core.

Just like the previous Watermine Company, King Finance Trade offers earning options in SHA 256 crypto coins and through other Hash-rated mining rigs. The SHA 256 mining package might’ve gone above public radar but King Finance Trade offers a 99% Watermine website copy-cat.

Read more in this King Finance Trade Review.

King Finance Trade Review: Overview

King Finance Trade Review: as in Watermine, the platform offers several hash processors for cloud mining. In its cached investment plans, clients can earn through 20% ROIs on different referral commissions.

King Finance Trade About Us page impresses with a vague reference to improve global trade through bitcoin technology. It does not include any material of significance about its Admin. Also, you will not see any information about the Company CEO on the website.

Our King Finance Trade Review learns that the website reads 99% like the Ponzi Watermine.io.

Its threadbare Admin Info apart, the King Finance Trade website lists that you can transact on the platform using LITECOIN, Bitcoin, and Etherium. The fiat 9142USD is the entry price.

Upon registration, you can buy a membership package on the King Finance Trade platform. Subsequently, the company pays you monthly profit deriving from cloud mining facilities in an offshore rig. How true is it?

By all indications, King Finance Trade Review posts online agree on one point: the website is a refurbished Watermine front. Recall that Watermine announced a hack issue recently. And then, the company closed down.

What’s the Membership Package like?

Also Read:

Watermine Owner | CEO, Watermine Hacked, an Exit Cue?

MunFinance Review | Forex/Crypto Broker, Trading Home Scam

King Finance Trade Review: Investment Plans

King Finance Trade Review: below are the available packages on the website:

ETHASH (2% daily profit) _ available for three (3) months at a minimum price of $10. It pays at least $3 promptly, deducts a maintenance fee, and offers a 400GH/s minimum hash rate.

SHA 256 (2.2% daily profit) _ available for three (3) months at a minimum price of $100. It pays at least $3 promptly, deducts a maintenance fee, and offers a 400GH/s minimum hash rate. The quarterly caps is $198.00

SCRYPT (2.4% daily profit) _ available for three (3) months at a minimum price of $1000. It pays at least $3 promptly, deducts a maintenance fee, and offers a 20000GH/s minimum hash rate. The quarterly cap is $2160.00.

EQUIHASH (2.6% daily profit) _ available for three (3) months at a minimum price of $2500. It pays at least $3 promptly, deducts a maintenance fee, and offers a 40000GH/s minimum hash rate. The quarterly caps is $5850.00

Moreover, the website undercuts the investment plans with the following amateurish mission description.

“The popularity of crypto-currency and the increasing difficulties in obtaining it increase the popularity and demand for crypto-currencies in the markets and in general.”

A shrewd crypto trader can see through the façade of bitcoin cloud mining and P-2-P network spin from King Finance Trade. Despite offering zilch for a platform description webpage, the King Finance Trade news section provides no updates on crypto trades.

Regulation

King Finance Trade Review: the platform is likely another recruitment item from the same attaché as Watermine. For one, it does not publish any trade license.

Also, its owners are anonymous. Moreover, all efforts to get a trade section of the site end up on a register/login display.

There is no evidence of SEC regulation on the platform. It offers publicly traded crypto assets without any insurance. If anything, lack of trade license is a fitness test for the MLM Ponzi scheme. 

Affiliate Commission

 King Finance Trade Review: bearing every semblance to the Ponzi Watermine platform, King Finance Trade offers the same percentage affiliate commissions as Watermine.

Below are the affiliate commissions available on the King Finance Trade website:

8% for membership recruitments by affiliates/partners on Level 1

6% for affiliate Level 2

4% for Level 3, and then

2% for the last tier Level 4.

Credibility

King Finance Trade Review: besides the copy-cat exterior of the platform, other points detract from its credibility as a company.

As we hinted at previously, the website does not state its Admin Info. Also, all the categories end with an “invest now” refrain. Instead of a real-time crypto trade chart, the King Finance Trade news section summarizes its crypto mining farms and their unequaled performance.

None of its supposedly unrivaled tech services have been independently confirmed. King Finance Trade services pivot around securing funds, while it offers no investment blueprints.

King Finance Trade Review: its news section contains a brief reference to its flagship crypto coin, Galaxy Coin

Likely, the ICO project is only a ruse. King Finance Trade is copiously so much like Watermine that they can’t be different.

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