facebookHas anyone heard of this: EXXA's Social Wealth Creation Wallet? - Seedly

Anonymous

01 Oct 2019

General Investing

Has anyone heard of this: EXXA's Social Wealth Creation Wallet?

Any advice on this investment?
There's a kick-off event this Sunday at Sentosa Cove

Discussion (3)

What are your thoughts?

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Thanks for bringing the information up. I just sent them a message. I've been burnt before in crypto investments, just cause there's so little information on these managed crypto funds. This platform looks like a scam. Let's take a look at what they offer.

1) daily returns from ai algorithm cryptocurrency trading

  • Only BTC is alive and well right now is alive, so there can be no other profitable predictable algorithm other than trading BTC

2) anonymous accounts?

  • why would you target Singaporeans for anonymous accounts, we don't pay capital gains tax nor personal income tax from crypto

3) they never state what currency you receive your daily returns.

  • no clarity on this part makes it a little fishy

My 2 cents, stay away. This looks like a Ponzi. Instead, study and look at nodes; how you can earn daily legitimately and know for sure its not a scam. Managed funds are only good if they are regulated.
Running nodes is not easy, but once you understand and get a hang of it, it can be a source of income.

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