Review and feedback on EtherBee. Lucrative investment or just another scam?

• Categories: HYIP projects

Company EtherBee: Investment Platform Review

In the conditions of widespread financial scams, there is a high probability of falling victim to fraudsters. How to avoid mistakes when choosing investments, especially when a project lacks reviews and feedback? Let’s analyze the example of EtherBee – an ill-conceived savings project. This online platform has many contradictions in its self-presentation and signs of falsehood. Let’s take a closer look at the marketing moves on the site etherbee.io and judge whether this project is worth trusting.

Review of EtherBee

What is remarkable about the company EtherBee? In order to attract clients, the creators of EtherBee launched an exclusive offer. It is assumed that investors will be able to profit from staking in the ETH pool with an increasing rate from 8.3% to 15% for an indefinite deposit.

Let’s start the review by checking the information about the company. What is the ETH staking pool? Where is the company registered and on what basis does it operate?

The project’s authors opted for a low-risk approach, as the crypto industry is not burdened with strict regulations yet. They decided that registering the company was not necessary. The stated address (606, Dragonara Business Centre, Dragonara Road, St Julians) on the website is fictitious. This indicates that we are dealing with another online scam. The EtherBee project has all the hallmarks of a kitchen business, as confirmed by reviews on the internet.

According to our review, the creators of the hype did not seek to obtain a license for their activities. They realized that the project would not last long. The average lifespan of such projects is only a couple of months.

Registration on EtherBee

The tricksters from the company EtherBee are interested in participants joining the project and making a deposit more quickly. They have simplified the registration process to make your life easier. However, this is not done for your benefit but for the enrichment of the scammers.

Creating an account on the online platform EtherBee involves the following process:

• Click the “Register” button in the top right corner of the main page of the EtherBee website.
• Fill out the online form, provide your email address, password, the name of the partner who invited you to the project.
• Confirm your intention to register on the platform by clicking on the link that will be sent to your email.

According to user reviews, activation emails may be delayed. However, our main concern is the terms contained in legal documents regulating the rights and obligations of the parties. EtherBee disclaims responsibility for possible financial losses.

Marketing and Terms of EtherBee

The offer from EtherBee lacks logic. Users are invited to invest money, and ether mining will be carried out using these funds. According to the claim, funds can be withdrawn at any time, but the interest rate will depend on the duration of participation in the project.

Fraudsters deliberately target inexperienced participants because professionals know that mining requires payment for capacities, while EtherBee promises payment for cryptocurrency mining. Furthermore, requests for donations are a sign of fraud. No serious investment company would ask clients for charity.

As part of the marketing strategy, there is only one investment plan with different conditions depending on the duration of participation:

• 1/8 Validator chunk. Period from 1 to 30 days, minimum investment – $4, yield 8.3%.
• 1/4 Validator chunk. Period from 31 to 60 days, yield 9.5%.
• 1/2 Validator chunk. Participation from 61 to 90 days, net profit 10.7%.
• Validator chunk. Investment from 91 to 120 days, yield 11.9%.
• Minipool. Period 121-150 days, yield 13.4%.
• Node Operator. Access to this tariff is possible 150 days after registration with a monthly return of 15%.

It is hard to understand what might attract users to this hype, as the interest rate is not significantly higher than that in banks. However, financial institutions have legal protection and ensure payouts, whereas EtherBee plays on the risk of capital contributors.

It is worth noting that depositing and withdrawing funds is only available in Ethereum. According to reviews, scammers charge an additional 0.005 ETH for profit withdrawal.

Reviews of EtherBee

Given that the EtherBee project is new, it was difficult to find reviews. However, thanks to active advertising, opinions of investors caught by EtherBee have already appeared on many forums. A summary of opinions will help you understand the essence of this platform.

Some users have already understood the essence of the scam, as evidenced by their reviews:

However, there are many naive investors who have trusted scammers and are willing to invest in this “unique” project:

Deception Methods in EtherBee

If EtherBee paid attention to an original concept, the deception methods are predictable. Thanks to active advertising and the attraction of new participants through referral programs (up to 7% of the deposit of new participants), scammers manage to find new victims.

Newcomers are attracted with at least $4. These are only minor losses for the project. However, scammers do not stop there and strive to extract the maximum from investors. The trouble is that it is impossible to escape losses, as scammers hide their identities, and they have no actual documents, contacts, or real offices.

In addition, fraudsters may request data to access your cryptocurrency wallet (under the guise of verification). The consequences can be catastrophic, as you risk losing not only the deposit but also your entire accumulated sum.

Conclusions on EtherBee Review

Behind the promises of unique investment opportunities, EtherBee hides deceit. Based on the analysis results, we have confirmed that this platform is nothing more than a financial scam. Some users have already exposed the lies and warn about the scam in their reviews. However, as long as the project exists, any of us can become its victim.