bhnnn.cc is a website that claims to be paying users up to 30% on whatever product they purchase or activate on a daily basis. Yes, you heard right — the earning platform claims to be paying users on a daily basis with up to 30% interest or better put returns on whatever they deposit and use in buying one of their products.
The so called products are categorized based on VIP levels starting from VIP 1 to VIP 9 with the minimum amount needed to activate one of the levels being 4,000 naira. Regardless of the plan purchased, you get to earn 30% interest every 24 hours after you have activated one of them. The platform also goes by the name, Berkshire Hathaway but they are more popularly known by their website URL.
Regardless of what they claim to be paying users, there is need to bear in mind that sites like this come with significant level of risk and some participants either fail to take cognizance of these risks or they fell to the testimonies on social media. So in this article, we will be having a detailed analysis of bhnnn.cc, the earning methods and finally, the reasons why you should probably be wary before you proceed to fund and buy one of the products.
About bhnnn.cc
bhnnn.cc is the website link for a platform that claims to be paying users up to 30% interest on a daily basis. According to the earning structure, users upon sign up can deposit and buy one of the plans and then sit back and receive interest payments on a daily basis with an option to withdraw immediately they reach the threshold.
The platform goes by the name Berkshire Hathaway, though most people know them with the website link. But it’s still pertinent to understand that, it’s a Nigerian-owned website. Like all investment based website, the individual(s) behind the earning platform intentionally named it, “Berkshire Hathaway” but they have nothing in common with the multinational company that goes by same name.
Berkshire Hathaway is actually a foreign multinational company and it has no link with any earning platform let alone; one that operates in Nigeria. It’s usually very common for investment sites like this to impersonate popular companies and brands. However, it’s important to state that, users who are not convinced to participate shouldn’t join because of this impersonation.
Earning Methods
There are two main ways of earning money on bhnnn.cc, then there is another less important or less significant earning method that you should also know about regardless;
1. Investing on a Product :- when you buy a product, you get to earn extra money daily. Like I said earlier, there are VIP plans you need to activate or buy with your initial deposit to earn extra rewards daily. You can access these products by clicking on Products on the dashboard, then tap on anyone that pleases you. The minimum amount needed to be on a VIP plan is 4,000 naira and the highest amount is 2 million.
In order to activate a plan, you need to deposit or fund your wallet first and to do this, simply click on Recharge and follow the instructions. After buying one of the products, your account will be credited with extra interest every 24 hours and can be withdrawn daily judging from the minimum withdrawal amount.
2. Referring :- if you can refer people, you can also earn extra money. This is actually a very rewarding way to earn money on the platform as they give out as much as 35% commission for referring others. This percentage is split into three — you get 30% of whatever your first level referrals spend on the platform, 3% from the second level and 2% from the third level.
However, referring is never an easy task since in this case, you would have to convince people to deposit their hard earned money into a website they know little to nothing about. To access your referral link, click on Team, there you will see your referral link and details about the commission rate.
3. Daily Check-in:- users who sign-in daily are given 50 naira for doing so and this bonus though insignificant, adds up to your overall balance and can be withdrawn when you purchase a product and reach the threshold set for withdrawal.
You can earn the daily check-in bonus by clicking on the Daily rewards on your dashboard and then claim the bonus. But this is dependent on whether or not you have activated a product as users will only be allowed to earn this check-in bonus after they have invested“.
Final Verdict — What bhnnn.cc Truly Is!
bhnnn.cc is a ponzi scheme and by virtue of being one, it is a SCAM! You may want to doubt my stance, well before you do that, bear in mind that ponzi schemes are certified fraudulent schemes and they always pay at first before they crash and the so called investors end up losing money.
The platform being reviewed was recently launched so people are getting paid daily and spreading the so called positive messages therefore helping the administrator of the site grow his or her platform and the more platform grows, the more money they get and when the pressure gets too high, they simply close down the site.
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The worst aspect is, there is no one to hold accountable when things go south(wrong). Therefore, it’s important for you to not deposit money unless you perfectly understand the risk and the undisputed fact that, it will crash as time goes on.
Away from the fact that it’s a ponzi scheme, bhnnn.cc is designed in a Hit-and-run manner, meaning that it’s highly unsustainable and could end up crashing earlier than many think. In order to understand what hit-and-run means better, just have a look at what they claim to be paying out;
- 30% interest on a daily basis — something even banks and established financial institutions can’t pay users.
- High referral commission — the referral commissions and program generally are also unrealistic and too high to be sustainable. What this means, the platform will soon be unable to pay users i.e. the pressure I talked about earlier will certainly come earlier thus forcing the fraudulent administrators to close down the site.
Therefore, be cautious, think it through well and if you must join, do so to participate with money you can afford to lose and even when you join, resist the urge to promote or speak good of it to others unless they perfectly understand the risk they are about to take.
Conclusion
bhnnn.cc is not legit. It’s a fraudulent scheme launched with the end goal of scamming users at the end i.e. when they hit their target and number of deposits from users. Therefore, you ought to be wary, don’t participate with money that’s important to you and never refer people who don’t know the risks associated with joining ponzi schemes.
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