USI Tech review – is it Legit or Just Another Ponzi Scheme?

what is usi technology?

usi tech (united software intelligence technology) is a technology company that claims to have built the world’s first automated trading platform for bitcoin. Since May 2017, the company has focused on providing bitcoin packages that allow customers to automate bitcoin mining and trading. this approach has proven particularly popular with cryptocurrency newcomers.

USI Tech Google Trends

Reading: Usi tech bitcoin review

It goes without saying that usi tech has recently received a great deal of attention online, as evidenced by the increase in google searches for “usi tech” in mid to late 2017.

many people believe that usi tech is a ponzi scheme at best. however, others say that they have made a lot of money from it and that it is a legitimate business. So who are you to believe?

To fully understand whether or not usi technology is legitimate, we’ll have to take a closer look.

who is behind usi technology?

You would think that usi tech’s website would shed some light on who is behind the company. Unfortunately, there is little to no information about the company or its team members. this lack of transparency is enough to set off alarm bells. there is also a lack of information about the products they offer, and the information is hidden behind the free registration.

also joao severino and ralf gold founded usi tech, and both have a history of being involved in some very questionable projects. Joao Severino was reportedly banned from financial activity in Portugal due to his involvement in a scam called AMC Invest. Ralf Gold has reportedly been involved in various Ponzi schemes, including AdsProfitReward, MX Fast Money, World Consumer Alliance, HourlyRevShare, AdsProfitWiz, Apr Clicks, and Upper Game.

USI Tech Company Registration

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Currently, the company’s COO is Horst Jicha, and its Vice President of Marketing is Mike Kiefer. USI Tech’s website states that the company’s headquarters are in Dubai. however, the registration number (icc20160282) actually shows that they are registered in ras al khaimah (a popular place for offshore companies to register in the united arab emirates).

There seems to be a general lack of transparency around the usi tech team, and the track record of its founders is certainly cause for concern.

how can you make money with usi tech?

usi tech offers a way for people to get involved with bitcoin regardless of their experience level. Creating an account is free and users can choose if they want to buy a bitcoin bundle (or multiple bundles) at a fee of €50 each. naturally, the more packages purchased, the higher the potential return.

usi tech’s automated software mines cryptocurrencies and performs daily bitcoin arbitrage transactions. this generates passive income with little hands-on involvement required from users. the company claims to offer a daily payout of 1% on average (for 5 days a week) with a return of 140% over the 140-day life of the package, 5 days a week. Some clients have reportedly enjoyed profits of up to 150%, although no evidence has been provided for such claims.

another way to earn money with usi tech is through the referral program. Users simply sign up and then encourage their friends and family to purchase packs as well as promote USI Tech by leaving their referral links on social media, online forums, and article comment sections. this mlm (multi-level marketing) referral system allows users to earn up to 10% commission from anyone they refer to usi tech. as such, it is possible to earn with usi tech without personally purchasing any bitcoin packages.

usi tech claims to offer an average daily payout of 1%. While there certainly seems to be a lot of evidence online of users making a profit, it is not unfair to question how an automated trading platform can produce such results. Of course, USI Tech benefited from the rise in the price of Bitcoin in 2017. However, the returns seem too good to be true, especially when you consider how volatile a Bitcoin investment is. that is, nothing goes up forever.

usi tech closed in the united states and canada

Following a cease and desist order from the Texas State Securities Board in December 2017, USI Tech closed its operations in the United States and Canada in January 2018. This order was issued after an internal investigation, that found evidence of securities fraud. The Texas State Securities Board claimed that USI Tech had not disclosed details about its operations.

USI Tech Cease and Desist Order

usi tech has since blamed its own affiliates, asking them to remove any evidence that they promoted the company on websites and social media. Since USI Tech closed its operations in the United States and Canada, many users have been unable to access and withdraw their funds. this debacle is certainly a great reminder that if it sounds too good to be true, it probably is.

public opinion/online reviews

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It’s fair to say that opinion on usi technology is highly divided. one thing that is clear is that online reviews should be taken with a grain of salt. After all, some people who give USI Tech a lot of praise are its affiliates, so they have something to gain. Similarly, some of the most critical reviews dismantle USI technology and then promote their own money-making schemes. in all honesty, it’s hard to know who to trust.

This is what cannot be denied: Many users have made a lot of money buying bitcoin packs from usi tech. In fact, there is a lot of information online about the company’s earnings test. and it is also clear that very few people know how they produce the profits they provide to customers.

use techcoin

It seems that usi tech is following the trail of bitconnect and is now creating its own techcoin. reading a white paper on this situation, it doesn’t seem like techcoin brings anything new to the table.

In fact, techcoin appears to be very similar to the bitcoinconnect coin, which generated a lot of buzz until it crashed and burned in January 2018. Within a week, it fell from $431 to $25. (Today, it trades at around $3).

conclusion: would you invest in usi tech?

while usi technology has generated profits for many users, there is plenty of evidence that it is essentially a ponzi scheme. usi tech has told us how they earn bitcoins for customers, but they have provided no evidence to support their claim. USI Tech’s stated strategies (mining and arbitrage trading) are highly unlikely to generate enough income to pay returns. In addition, the complete reference of the downline of new registrations must be taken into account.

so while it’s all very well when people are making money, there are those who can get burned, as long as everything falls apart. the case of bitconnect certainly provided an obvious example. And if you’re ever in doubt about the legitimacy of a project like usi tech, you can always use our bitcoin scam testing tool.

Personally, I wouldn’t risk my money on a business that generates so many questions.

do you have experience with usi tech? Do you think it’s legit or is it just a scam? let us know in the comments below.

See also: What is Bitcoin Cash? And how does BCH work? (2022 edition)


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