Table of Contents
Introduction
A digital currency investment plan known as HyperOne operates on a multi-level marketing basis and offers investors the possibility of earning substantial returns on their initial capital. Sam Lee, a well-known player in the bitcoin business, was the one who introduced the program to the world in 2021 in Dubai. On the other hand, the system has come under fire for being compared to a Ponzi scheme, and Sam Lee has been accused of being engaged in fraudulent operations. In the following paragraphs, we will discuss the HyperOne plan as well as the debate that has surrounded it.
Background
Sam Lee is a well-known person in the digital currency business. Earlier in his career, he formed Bitcoin Group, an Australian-based bitcoin mining firm. Lee is also a well-known public speaker who has made appearances at several bitcoin conferences located all around the globe.
In the year 2021, Sam Lee introduced HyperOne, an investment plan in the form of a digital currency that used a multi-level marketing organizational structure and guaranteed substantial returns on investment. The initiative was promoted widely on social media, with Sam Lee and his colleagues using videos and webinars to spread awareness of the opportunity.
Dubai, which has been a hotbed for bitcoin and blockchain firms in recent years, was the location where the HyperOne concept was first introduced. Since the regulatory climate in Dubai is favorable for cryptocurrency enterprises, the emirate has become an appealing destination for the establishment of new businesses in this sector.
The HyperOne Scheme
A multi-level marketing system is at the core of the HyperOne plan, which guarantees substantial returns on investments. On their first investment, investors are guaranteed a return of up to 20% each month, with larger rates provided to those who invest more. Those who invest more will get bigger returns.
Investors are encouraged to attract other people to participate in the scheme using a multi-level marketing framework that the system runs on. Investors create a structure similar to a pyramid by recruiting new investors and earning commissions on those new investors’ investments.
Referral program
There is also a referral program available via the HyperOne scheme, through which existing investors have the opportunity to earn extra commissions by recruiting new investors for the plan. The referral program has a binary structure, and investors are urged to establish a network of investors beneath them so that they may earn more money from the program.
Controversy
Several people believe that the HyperOne program is a Ponzi scheme, in which rewards are paid out from the investments made by new participants rather than from real profits earned by the scheme. This theory has received much criticism. Ponzi schemes are considered unlawful in the majority of nations, and investors who take part in these schemes run the risk of facing legal repercussions.
Concern has been expressed over the HyperOne plan due to several factors, including the unrealistic returns that have been promised, the lack of openness surrounding the investing strategy, and the pyramid-like structure of the program.
Sam Lee has also been accused of being engaged in fraudulent operations, with some sources stating that he has a history of establishing investment plans that have turned out to be frauds. This accusation is based on the fact that he has been suspected of being involved in fraudulent activities. As a result of previous allegations of fraudulent behavior and a prohibition from working in the financial sector in Australia, Sam Lee is prohibited from doing so.
The authorities in Dubai have also voiced their worries over the HyperOne plan, and in the year 2021, the Dubai Financial Services Authority issued a warning on the HyperOne program. The investor was cautioned to use extreme caution while making investments in the plan, and before making any investments, they were urged to undertake exhaustive research.
Conclusion
The HyperOne program has been subjected to widespread criticism for allegedly being a Ponzi scam. Many warning signs have been highlighted about the structure of the system as well as the promised profits. The person who came up with the idea, Sam Lee, has been suspected of being engaged in fraudulent operations, and the authorities in Dubai are concerned about the scam.
Investors should exercise extreme caution before committing capital to high-risk investment schemes and should carry out exhaustive research and analysis before making any investments. It is essential to keep in mind that if a certain investment opportunity seems to be too good to be true, there is a strong possibility that it is.
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