NexusICO Review _ operators offer NICO Starter, NICO Pro, and NICO Premium packages, including an ICO, to affiliates, promising 20% monthly ROI.
Games, apps, and investing in new tokens form the bulk of backend investment run by the company. Execs claim that members could earn up to 1.915% per day, with an in-platform project underway.
For the record, high ROIs often indicate an HYIP project. Regardless, if only for the benefit of the doubt, one might wish to know whether NexusICO complies with the SEC regulation. Our NexusICO Review doesn’t find any proof of this on the official website, anyway. (More on this later)
Even the promised ROI is based on a shifty caveat, which would allow Nexus to easily sever ties with their subscribers. Read the disclaimer attached to the website.
Apparently, the ROI quoted flat on the more colorful homepage is contingent on the accuracy of a team that wouldn’t render its fiscal sheet to audition. In any case, the Disclaimer says that NexusICO isn’t culpable if it defaults on payment.
One phrase unmasks the scam ROI offered on the Homepage. It reads,
“The projected pro forma returns on investment are intended for the purpose of illustrative projections to facilitate analysis and are not guaranteed by NexusICO Capital, LLC. or its affiliates and subsidiaries.”
(Bold print is ours)
Pro Forma is a Latin phrase that means for the sake of form or for formality.
If anything, NexusICO literally severs itself from any ties to ROIs whether they appear on the site or any PRs moniker. Check here to access the Disclaimer.
But that isn’t all the problem with this company. Read on below for details.
NexusICO Review: Rebrands an Inexistent Company
To verify that the company is authentic, our NexusICO Review runs a quick background search of the company roadmap. Nothing short of damning turns up _ NexusICO is a sham.
When searched for the SEC index, the results show that the company had been dissolved in 2021. But here are the execs in a different jurisdiction garnering affiliate support and promising ROIs.
The SEC index in question is from the UK, where registration is remiss.
Scammers often get by because of these loopholes, sometimes brandishing a certificate of incorporation as a security license. NexusICO would be in its proper class to identify with the rogue bunch. Other scammers trod similar paths, but only a few of them dare use a dissolved company in a place where regulation is a priority.
It probably accounts for why there is no attached document on the official site. NexusICO attaching a “proof” to the site is akin to saying that Senegal is in the Caribbean.
Companies typically avoid tax compliance by rigging up an invalid SEC index for a pyramid scheme project. NexusICO is one such platform, and it offers a bogus HYIP program.
What is an HYIP, though? See the section of our NexusICO Review below for details.
NexusICO is another HYIP Scam
HYIP means High Yield Investment Program. It always offers something in the way of watered-down Letters of Credit, meaning that ROIs aren’t affected by contingencies.
It also assumes that the creditor is culpable for delayed ROIs.
Our NexusICO Review already sees a crypto token ICO and casino project looming on the NexusICO platform, with the operators promising the same flat quote of 20% ROI on the strength of these chancy stakes.
If a party undertakes to honor a contract despite the sheer skewed risks, it verges on a letter of credit business (sort of). However, a three-figure ROI per investment cycle is invariably a sign of an HYIP.
Not even a TSLA share would flog a 1.9% per day ROI on any shareholder, although Elon Musk is the world’s richest person. Why would a relatively obscure company hazard these rates while Tesla Inc., with a $670.52 billion Market Cap, doesn’t? You can be the judge.
Another part that this review looks into is the blockchain or token ICO aspect. See details below.
NICO Token _ Legit?
There are too many buzzwords flying around about Defi investment. Scammers have their favorite picks too.
Most of the time, these scammers run the pump and dump script through crypto tokens. The plan is to promise a three-figure ROI, promote the unrealistic peg online, raise a pile of profits off unsuspecting people (typically affiliates), then create a low-brow exit channel through an obscure cryptocurrency.
NexusICO already ticked the scammer boxes. Why would it deliver a crypto ICO in good faith?
There isn’t any proof of an ICO or any crypto token investment on the site, anyway.
Should you invest in the platform? See our NexusICO Review conclusion below for answers.
NexusICO Review Conclusion _ Is it Safe?
No, it isn’t safe to invest money in the company. And we have highlighted the red flags already.
Our NexusICO Review finds only a clutter of HYIP offer on the site. Until it registers a legit SEC license and attaches a fiscal report on the website, NexusICO is not safe for investment.