How can you run a financial service like this with no Ts & Cs? You're putting up the kind of ROI figures that you usually hear from pyramid schemes. I'm not saying you're a scam, however you should surely have a "investments can go down as well as up" statement.
What if the price of Steem crashes to $0.05; will you still guarantee a 45% return on my $1000? The fact that you only have 5k SP also bothers me, I just can't see how you can deliver on these promises.
Even without the Steem price crashing, how can you promise a whopping 45% return? What are you doing with that money?
I've gone back through your posts and I haven't seen one single one on how this works. If this is legitimate, you should put up a transparent post explaining how the service generates funds, and you should link to it in all future posts.
Usually with a pyramid scheme, the people who come later get stiffed, because those people pay the dividends of the early investors. Please explain how this is different, how are you generating profits with people's SBD?
I await your explanations ...
Hello, First off it is 45% APR.
The price of steem does not matter because you invested steem not usd. If you invest 500 Steem you get back 500 Steem plus your 45% APR
Also @bellyrub has close to 500K steempower not 5k, The 5k is for bellyrubbank depositors, that is a bonus on your posts.
Profits are being generated by @bellyrub.
OK, so you're saying that the returns come from the voting pool?
APR stands for Annual Percentage Rates, so 45% APR is saying that you will return $450 for every $1000 invested.
On the chart you put above, you have put the top investor as investing 1000 SBD, ergo you are saying that you will pay that person 1450 SBD after 12 months.
How are you going to do that? How can you possibly guarantee that? Voting does not pay back 45% does it? Or have I seriously underestimated how much you can make by voting?
You are still being opaque, so for clarity's sake I will ask the following questions.
What happens to investors money after they deposit?
Where are the profits generated from?
How can you guarantee a 45% return
What are the risks associated with loss; is it possible to lose some or all of your investment?
I look forward to your answers to these reasonable questions.
Cg
The term is only 3 months as stated in the chart above effective RIO is 11.25%.
@bellyrub is a bidbot much like booster, again that is how the profits are made.
What happens to investors money after they deposit? -It Gets used for more SP
Where are the profits generated from? -@bellyrub (Bidbot)
How can you guarantee a 45% return -(again 45% APR for only three month term)
What are the risks associated with loss; is it possible to lose some or all of your investment?
-There is no possible way to lose any investment.
@bellyrub does not make the profits from curation if that is what you are asking, It is a bidbot users send in SBD as a form of a bid to get a % of @bellyrub's vote.
@bellyrubbank is an extension of @bellyrub.
@bellyrubbank is being advertised to @bellyrub users, hence they have the same name (besides the bank part) because they know what @bellyrub is.
"What happens to investors money after they deposit? -It Gets used for more SP" Is the steem/sbd used to lease sp or power up? @zeartul. I think that would be helpful to @cryptogee and I.
Now u know the answer right?
Guess so. RIP haha. I should have been more careful. You live you learn I guess.