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hihash.io

Why is the trust score of hihash.io strongly low?

The website hihash.io claims to be a platform revolutionizing the cryptocurrency market through mnemotrading, a concept it says was developed by its team of experts. It promises an autonomous earning system and high monthly returns on investment (ROI) ranging from 20% to 80%. The platform also outlines a detailed roadmap for its development and expansion, including securing investments, launching a trading bot, and creating its own cryptocurrency.

However, several red flags and concerns can be identified:

1. Unrealistic ROI: Promising consistent monthly returns of 20% to 80% in the cryptocurrency market is highly unrealistic and not aligned with the volatile nature of cryptocurrencies. Such high and consistent returns are typically associated with Ponzi schemes or scams.

2. Lack of Transparency: The website does not provide clear information about the team behind the platform, their qualifications, or their experience in the cryptocurrency and financial sectors. Transparency is crucial in the cryptocurrency space, especially when it comes to investment platforms.

3. Vague Technology Claims: The use of terms like “mnemotrading” and “autonomous earning system” without clear explanations or verifiable technical details raises concerns. It’s important to critically assess the technological claims of any investment platform.

4. Token Creation and ICO: The plan to create a proprietary cryptocurrency for use within the hihash ecosystem and to list it on major exchanges is a common tactic seen in many cryptocurrency scams. It’s often used to attract investment without providing real value.

5. Overemphasis on Marketing and Partnerships: The roadmap includes a heavy focus on marketing, including partnerships with exchanges, news agencies, and financial institutions. While partnerships can be legitimate, they are often overemphasized in scams to create a facade of credibility.

6. Telegram and Social Media Presence: While having a presence on Telegram and other social media platforms is common for legitimate projects, it’s also a tactic used by many scams to create a sense of community and legitimacy.

7. Lack of Regulatory Compliance: The website does not mention compliance with any financial regulatory authorities, which is a significant concern for any platform dealing with investments.

8. Limited Information on Technology and AI: The website provides limited technical details about the AI model and technology it claims to use for trading. Without verifiable information, it’s difficult to assess the legitimacy of these claims.

9. Unrealistic Roadmap: The detailed roadmap, including the launch of a trading bot and expansion plans, may be overly ambitious for a relatively new platform, especially one that lacks a proven track record.

10. Official Registration in Dubai: While claiming to be officially registered in Dubai Silicon Oasis, it’s important to independently verify this registration and understand the implications, as registration alone does not guarantee legitimacy.

It’s important to approach platforms like hihash.io with extreme caution and conduct thorough due diligence before considering any investment. Given the numerous red flags and concerns outlined above, it’s advisable to seek advice from independent financial and cryptocurrency experts before engaging with this platform.”



the reasons behind this review :
Unrealistic ROI, Lack of Transparency, Vague Technology Claims, Token Creation and ICO, Overemphasis on Marketing and Partnerships, Telegram and Social Media Presence, Lack of Regulatory Compliance, Limited Information on Technology and AI, Unrealistic Roadmap, Official Registration in Dubai
Positive PointsNegative Points

  Website content is accessible

  No spelling or grammatical errors in site content

  No suspicious patterns detected

  negative reviews are more than Positive reviews

  Low review rate by AI

  Domain is new

  Archive is new

  Whois data is hidden

How much trust do people have in hihash.io?

1.0

Total 1 reviews

All reviews are from registered members


Reliable
0
Trustworthy
0
Neutral
0
Suspicious
0
Untrustworthy
1