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Today our subject will be a brand new financial investment company called Triplicane Hybrid. This company lets you invest using Bitcoin (BTC) in order to get a high return on investment… or at least that is what it promises to do. If you want to find out whether to trust this company or not, we have the answer for you.
Triplicane Hybrid is a company based in Thailand and it can be described as a High Yield Investment Program (HYIP), which is a kind of investment that can offer a huge return on investment but it is also very risky (and most of them are scams).
How Does Triplicane Hybrid Work?
The whole is very straightforward. You have to invest at least $29 USD using Bitcoin and you will get a daily profit for doing it. The type of plan that you choose determines how much your daily return on investment will be. Another option is to become an affiliate and start referring people in order to get a cut. You also get money from the people recruited by the people you recruited yourself.
Triplicane Hybrid claims to offer 24/7 customer support and to be a company officially registered in Thailand. It also boasts instant deposits and withdrawals from the company. Other features are a passive pool income, direct sponsor bonuses and “unilevel income”, according to the site.
The site of the company does not show the people who run the business, though, which is often a red flag, as people who do not want to show their faces are generally afraid of being linked to their companies.
Is Triplicane Hybrid A Scam?
Our best guess would be that, yes, this is a scam. Triplicane Hybrid combines two of the most notorious types of scams: Ponzi schemes and High Yield Investment Programs. The company is basically an HYIP with unreal expectations of return on investment.
In order to attract even more people, the company offers money for you in return for your help. You can actually make some money while you are recruiting, but as soon as the recruitment dies out, so will your profit and then the business will vanish.
As of today, the company existed for only two days, so there is no reason to believe that it will exist for more than a couple of months.
The Triplicane Hybrid Verdict
You should avoid investing your money in Triplicane Hybrid. There are far more secure investments for you out there. Remember to always check before investing and good luck.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.