Hello Hive!
What is Mirror Trading International (MTI)?
Trading pool and marketing system
Funding explained
An active account with a zero balance
An active account (i.e. that was funded within the initial 7 day period after registration), will only be deleted if all BTC in the account is withdrawn and the member's position reflects as a zero balance. In other words, both the income wallet and trading pool balances are zero.An active account with a balance less that $50 in BTC
An active account (i.e. that was funded within the initial 7 day period after registration) but with a balance less than $50 in BTC, will not:
(a) share in trading profits (so your BTC will not be in trade at all)
and
(b) the member will not qualify for referral commission or binary income.An active account with a balance between $50 and $100 in BTC:
An active account with a balance between $50 and $100 in BTC:
(a) will share in trading profits (i.e. your BTC will be in trade)
(b) the member will qualify for referral commission, but on the basis that 50% of the commission goes into the member's trading pool and 50% into the income wallet.
and
(c) the member will not qualify for binary income.An active account with a balance between $100 and $200 in BTC:
An active account with a balance between $100 and $200 in BTC:
(a) will share in trading profits (i.e. your BTC will be in trade)
(b) the member will receive the full 10% referral commission into their income wallet.
and
(c) the member will not qualify for binary income.An active acount over $200 in BTC:
This account qualifies for trade income, commission and binary income
Until next time!
Animation by @thepeakstudio
Been seeing quite a few articles on news24 and coindesk with regulators saying they’re just another bitconnect Or onecoin! Hope you do get to take our your profits but I’ll hold off on this one!
Haha! Thanks ;)
Yes am aware of the articles, and I'm not surprised that the government regulators have a problem with companies that operate in the unregulated crypto environment - they can't own it. It's however equally troubling that the same regulators make statements about MTI that are factually incorrect. With crypto comes risk, equally so with banks and 'paper money' so I guess like most things, only time will tell 🤞
This is why I stay away from custodial services as far as possible, not your keys not your Bitcoin! I’m always willing to get less return for more security in the crypto space having been burned before
If it doesn’t have a block explorer and allow me to own the keys I stay away, will probably miss out on many opportunities because of it but I’m okay with that
I think regulators locally don’t actually care much about the crypto space, lol they too busy stealing somewhere else!
I personally work with a few local crypto companies! What I see is a lot of the community driving this and reporting it you can see online on google and Facebook, so I’m sure someone has pushed for this to be reviewed by regulators
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