Newment.in is a recently launched investment platform based in Nigeria. It positions itself as an engineering firm engaged in significant contracts for various companies and governments globally. According to the platform, it requires funds to execute a diverse range of projects and aims to raise capital from the public. Newment.in promises investors a daily interest payout for three months when they invest in any of the projects.
In this blog post, we will delve into the details of Newment.in, exploring its features, investment plans, referral system, and examining whether it is a legitimate opportunity or potentially a scam.
How to Join Newment.in
Joining Newment.in is a straightforward process. To become a part of this platform, you can follow these steps:
- Visit the official website: You can access the platform through the provided website URL: https://newment.in.
- Registration: Click on the registration link https://www.newment.in/?spread=7uP90RRs to sign up. The registration process may involve providing basic information.
- Welcome Bonus: Upon joining, Newment.in offers a welcome bonus of 500 naira, providing an initial boost to your investment journey.
- Minimum Deposit and Withdrawal: The platform requires a minimum deposit of 1500 naira, and the minimum withdrawal is set at 1000 naira.
- Customer Support: Newment.in offers customer support through the provided Telegram link: https://t.me/NewmontCS.
How to Make Money on Newment.in
Newment.in offers various investment plans with different entry prices, cycles, and daily returns. Here are the investment plans available:
- Ahafo
- Price: ₦1,500
- Cycle: 180 Days
- Daily Return: ₦495
- Total: ₦89,100
- Akyem
- Price: ₦3,000
- Cycle: 180 Days
- Daily Return: ₦1,020
- Total: ₦183,600
- Boddington
- Price: ₦5,000
- Cycle: 180 Days
- Daily Return: ₦1,750
- Total: ₦315,000
… and so on, with varying investment levels and corresponding returns.
Investors are promised a daily commission of 33%, providing an opportunity for daily earnings.
Newment.in Investment Plans
Newment.in provides a range of investment plans with different pricing tiers and returns. These plans include:
- Ahafo
- Akyem
- Boddington
- Cadia
- Tanami
- Telfer
- Cerro Negro
- Merian
- Peñasquito
- Pueblo Viejo JV
- Yanacocha
- Lihir
All plans share a common cycle of 180 days, emphasizing a mid-term investment approach.
Make Money on Newment.in Through Referrals
Newment.in encourages users to boost their earnings through a referral system. The platform offers referral commissions at different rates:
- 1st Level: 30%
- 2nd Level: 2%
- 3rd Level: 1%
Referral commissions provide an additional avenue for users to increase their income by inviting others to join the platform.
Newment.in Red Flags
While Newment.in presents itself as an investment opportunity, several red flags raise concerns about its legitimacy:
- No Physical Office: The company lacks a physical operation or office space, existing solely as a website.
- Ponzi or Pyramid Scheme: There are suspicions that Newment.in operates a Ponzi or pyramid scheme, utilizing funds from new users to pay existing users.
- Website Issues: Grammatical errors and inconsistencies on the company’s website raise doubts about its professionalism and credibility.
- Compensation Plan: The compensation plan appears to heavily favor those at the top of the pyramid, potentially indicating an unsustainable structure.
Is Newment.in Legit or Scam?
After a thorough examination of Newment.in, it is evident that the platform exhibits several red flags commonly associated with scams or fraudulent schemes. The absence of a physical office, concerns about a Ponzi scheme, website issues, and an imbalanced compensation plan contribute to the skepticism surrounding the platform.
Investors should exercise caution and conduct thorough research before considering involvement with Newment.in. It is crucial to prioritize financial security and choose investment opportunities with a transparent and credible track record.