If you are trying to find out either is a Chainpals scam or genuine before you invest in this company, then you made the right decision. Even we don’t want to call Chainpal .World (Chainpals) a company since it is a Ponzi Scheme which is an illegal scheme.
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Why is Chainpal World a Ponzi Scheme?
It is crystal clear that Chainpal World is a Ponzi Scheme because it offers an unrealistic rate of return such as 5% in 24 hours. However, this claim is very unrealistic and bogus because none of the experts can guarantee such amount of returns daily by investing in the platform where Chainpal World is claiming to invest their money.
You should know that the legit companies always have an option to take a loan from a bank at the rate of less than 1% monthly instead of collecting money from several people by paying them 5% in 24 hours. So, these kinds of rates are only offered by Ponzi schemes like RichnetsFunds, CryptoSmartx, NomiCoins, Cryptovement, Climestock, Perfect-Fund, Arch-Tradings, TradewayInvestments, Multy-Pay, VertexFinancials, GoldFundsWealth, ExpressCryptoInvestment, UniversalBinaryCrypto, ExpertGlobalTrades, Hub-Investment, XtremBitExperts, Datafxminers, Ekulo-Traders, Vantpevox, CarFoxes, EarnXtraPay, BTCBoxCryptocurrency, Bitfoxultra, Vestinger, Brickstonevest, and so on.
These kinds of companies also try to trick people by providing the company’s registration document. But, you should not fall into that trap because such registration is not a license to run an investment company like Chainpal World. Mostly, Ponzi schemes used the company registration platforms like UK Companies House where anyone can easily register a company even by providing the third party identities and virtual address which can be rented from the virtual address providers. So, don’t fall into these traps.
It is clear that Chainpal World is a scam. If you still don’t believe us, then we suggest you contact the legal authorities in your county and ask them to check its business. Then you will know the reality by yourself. We would also like to make you aware of Ponzi Schemes like the one as above, which offer very attractive return schemes. So, always verify the legitimacy of any websites before doing any transaction with such sites.
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If you want to share this information with your friends and families to make them aware of this Chainpal World scam, then please feel free to do so.
We also recommend you to check other articles under our “Scams” or “Suspicious – Not Recommended” categories so that you will have more knowledge about various kinds of scams and suspicious websites and online activities.
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