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Hyperfund Review (MLM or Pyramid Scheme Scam?)

Ryan Xu has made a name for himself as an early believer of the little blockchain that could. In a few of the short biographies I’ve seen, he has invested a lot of his net worth into 10 of the top 20 cryptocurrencies and even founded a capital venture firm meant for the blockchain. At least that’s how he was represented to be. He has also founded a lot of crypto-related companies that didn’t seem to hit it off with people that are into crypto. Sometime in 2021, the HyperTech group of companies, of which Ryan is involved in, launched Hyperfund. But what exactly does it do?

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From what I’ve gleaned on, Hyperfund is a platform where you invest money and you will supposedly earn at least twice the amount after a certain period of time. The process takes a few steps. You will first invest at least 300 USDT. In order to get that type of cryptocurrency, you have to exchange it through a legitimate cryptocurrency exchange site. The exchange value from fiat money to a stablecoin like USDT is similar to how foreign exchange works. After you’ve invested the minimum amount, it will then converted to the platform’s own unit of currency called Hyper Unit or HU for short. They really like to use the word “hyper” a lot in the branding for some reason. Though I guess I’ve got to give it up for them for being consistent.

I’m not really sure how exactly your investment will triple its value over a certain amount of time. They don’t really specify it in any of the marketing material they put out before. It just somehow happens in the blockchain? Sure? If that’s how they want to explain it. Every day, you will receive a minimum of 0.5% a day based on how much you’ve invested. So if you invested 300 USDT through Hyperfund, which then gets exchanged for HU, you will receive 1.5 HU a day for 600 days. By the end of those 600 days, you will have earned 900 HUs. There’s still that middle part that I don’t really get.

The process of withdrawing your earnings in the platform is as complicated as investing in it. You will need at least 50 HU in order to exchange it for a specified currency in the platform, you then convert that into other cryptocurrency which you then have to transfer to established cryptocurrency exchange platform where you can withdraw it through your crypto wallet or a bank.

There’s actually a way to earn more HU aside from the 1.5 a day you get through your investment. And that is through commissions. You will get a percentage of your affiliate’s rewards based on a uni-level compensation structure. Imagine a pyramid of some sort with you at the top. Every affiliate that you personally recruited on a level below you. Somehow that level is referred to Level 1. You get 20% from the people you personally recruited. So if friend invested 300 HU like you did, you will get 120 HU. But that reward is counted towards the 300% ROI cap. They refer to it as “Accelerated Rewards.” The next levels will earn you smaller percentages but they still count towards that cap. So if you thought you were going to receive a total of 1,080 HU by then of those of 600 days, you were wrong.

With these investment schemes, they are bound to bottom out. Or, in the case of Hyperfund, be inundated with securities fraud warnings from multiple countries. Even before Hyperfund fully opened up its “membership program,” the Financial Conduct Authority in the U.K. put out a notice against the company. They weren’t registered with the governing body and you have to be registered with them in order to provide financial services in the country. Other countries including Germany and India have put out investigations against the company.

Since then the company has gone through a few leadership changes, with Ryan Xu and Sam Lee seemingly been MIA since late last year. It has also shifted into the metaverse because that’s a thing that’s popular now. Or at least a thing that some people are super into. During this shift, the withdrawals in Hyperfund were disabled and accounts were being frozen due to the investigations regarding securities fraud. The hype for the Hyperverse has died down and it doesn’t seem like anybody is paying attention to it. But seemingly, two new Hyper-branded schemes have popped up in the past few weeks.

Getting into crypto is a difficult thing to do because you do have to put out some money into it. And it doesn’t really seem like places like Hyperfund/Hyperverse are the place you should put your money into. It’s always a problem when services, if we were to consider what they’re doing as such, don’t really provide any transparency in how exactly they work. Especially if it’s something in the vein of what Hyperfund does. I still don’t know how exactly the process of earning HU happens. And I don’t even want to bother with it anymore. The Hyperverse didn’t seem to take off like they were hoping it would. I guess when you don’t let people withdraw, they probably wouldn’t be that supportive of your next venture.

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