EDIT: ISSUE IS RESOLVED, SEE STATEMENT FROM THE TEAM IN DISCORD, PROPS TO THE TEAM FOR FAST PACED REACTION!:Crypto Invest Fees - Our intention is (and remains) to “make money only when you make money.” Our fees description in the T&Cs did not convey that and we have adjusted them to reflect the “high-water principle” that is, we will charge success-based fees only when your portfolio is performing better than its peak performance. These changes are live now.
Hi all, let me introduce myself first. I've been a long time follower of MCO, roughly from around ICO time. Although mostly staying in the shadows, I've followed the project and the community with a lot of attention throughout the past year and half.
I don't need to tell all of you it have been some interesting times, with a lot of exciting things, but also with (a lot of) waiting. I won't go into some other issues I sometimes have with the way the team is communicating (usually keep that for myself), but there is a serious issue here that will probably be underrated and addressed as FUD, which is why I make this anonymous blogpost, as nobody would be able to ban this.Is it really smart?
Of course it is, but not in a good way. See USP number 3 in the picture? "No management, entry or exit fees." Sounds good right? Usually in investment funds like these you get slapped with a lot of fees, expense ratios (between 0,5-1% yearly), investment management fees (around 1-2%), exit fees (depending on when you exit 5%-1%), and so on. So it almost sounds too good to be true from the first sight.
Looking a bit further down, there is a mention that while not charging fees listed above, they do say they take a fee from your profit. Without any further explanation.
Still, if you don't get charged excessive fees otherwise, and they only want part of your profit, that's kinda okay right? Still seems like a good deal to me. Digging further in...