The CryptoLux platform has been launched as a payment system for online transactions. It is supposedly based on Blockchain technology and uses decentralized ledger which means that it doesn’t involve any third parties such as banks or the government when transactions are made. All transactions are processed anonymously.
In addition, it offers different investment plans where people can invest their funds and generate returns without doing much work.
The opportunities they are presenting sounds attractive and lucrative, but the problem I am having is that I find it hard to believe that they are genuine.
There is something that doesn’t quite add up and to find out the truth, I decided to investigate their offering. Learn more about my findings my reading this full review. It seems that CryptoLux is a potential scam, one of those schemes that burned many people.
An Overview of CryptoLux
CryptoLux is not just a financial payment network, but it is also a trading software with a range of investment plans.
If you choose to join their network, you will allegedly be able to invest your funds and make withdrawals when you have generated returns. They offer an Initial Coin Offering named CLX which I don’t think is recognized in the online trading or cryptocurrency sphere at all. At the moment, their coin is not usable which means there is no way you can earn from it.
Review Verdict: CryptoLux Is Scam
They say that you can sell it when its price increases. But when no one is using it, how will its value increase. You will get stuck with your investment in hopes of achieving a positive outcome, but I highly doubt that day will ever come.
What Investment Plans are Available?
There are many and trust me you will have a hard time picking which one to choose because they all sound so appealing. They also have games on their website which pay you in cash or in CLX if you win. Sounds good, doesn’t it? But actually, it is ridiculous because no one will pay you real cash and coins for playing games.
They also claim to be having a trading system which is monitored by their team of experts. According to their claims, you can let their trading tool and experts make investment decisions on your behalf. Supposedly, you can trust them with your funds because they are reliable and guarantee returns of up to 45% per month.
Referring others will also allow you to earn from the deposits they make. Doesn’t this imply that CryptoLux is a pyramid scheme or probably a Ponzi scam that is only attracting depositors?
Yes, this could very well be true indicating that CryptoLux is nothing more than a dirty scam which is run by thieves and crooks.
Moreover, they have a staking program where you can earn just by holding your tokens. They say that the more tokens you hold, the more you will earn. Isn’t this plan contradictory to their trading plan where you can earn by selling the tokens back when its value goes up?
CryptoLux has been misleading the public right from its launch. I don’t see any genuineness in their investment plans or ICO. I find the entire scheme to be bogus and only intended for stealing from investors.
Point to note
A large number of people get carried away by fake claims and false promises. When they see a great looking website, they think it’s genuine. Instead of verifying their claims, they end up wasting their hard earned funds on useless trash. So, don’t be one of these people and join a genuine platform like the insanely popular Crypto CFD Trader instead.
CryptoLux: Scam Investigation
I have never come across a scam that is operating at this level. If you land on their website, you will only see opportunities. It appears that they understand the psychology of investors extremely well. They know that in case one opportunity doesn’t sound appealing to them, there will always be another that will. This is the reason they have integrated many features that can allegedly help investors earn considerably.
The worst one is perhaps their gaming portal. Here, you can play games to win cash or tokens. They have tried to make it look really simple that you can play and win, but such things don’t happen in the real trading world. These tricks will appeal to complete beginners but experienced investors know it is just a trap.
Plus, the people behind the CryptoLux scam haven’t provided any information on how they manage to keep the value of their altcoin stable. There are no facts or figures available which can highlight the direction in which their coin is moving. What if it crashes? What if the business closes down? In such cases, will there be anyone responsible to pay those people who have invested their funds in it hoping to generate returns by selling the coins back when its price goes up?
There is no guarantee that this cryptocurrency investment opportunity is here to stay. They haven’t shown any signs of authenticity and there is no reason why you should be trusting them and investing with them.
The Bottom Line
CryptoLux is a scam, a ridiculous scheme that has been launched to steal from you. My findings confirm for me that they operate an illegal pyramid scheme which is not going to last very long. Additionally, their coin has no value and investors don’t have any chance to earn anything out of it.
You will be saving yourself a great deal of stress if you choose to stay away from CryptoLux.
Review Verdict: CryptoLux Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.