Could you trust FantomWorld ROI project ?

 

FantomWorld launched in 12 March and has more than 500 invested in less than 12 hours, obtained more than 135k FTM.

As usual with ROI projects, the web site (UI) has some imperfection;

• 14% locked plan investment not shown on the web.  They will add a section to show (I guess most probably below the 7% plan)
• earned return is withdrawable once every 24 hours but the withdraw & reinvest buttons are clickable before that, which causes confusion.  They are adding a timer to it now.
• web refresh will disconnect wallet and you may not see your invested amount anymore causing confusion to newbies.
•  . . .

The community head is very genuine, fast respond and attend to these immediately.  Above issues are expected to be resolved by Monday.

For those who still have doubt, crypto's world ROI project is like pyramid scheme in real world.  The difference is if a ROI project is designed and coded well, it "might" sustain "long term".  In this particular one, the risk is 100%, return is ~420% and the period is 30 days.

First you should check the Contract.  All the codes are published inside the smart contract.  The mechanism of how it works is fix once started.  A proper smart contract like this differentiates from those online scams immediately.  This is a real smart contract project!

Ofcouse most people don't read codes like this, so you should check the Audit instead.  This is where a reputable 3rd party helped you check their codes and summarized in human language what the codes are about.  You should verify this 3rd party too ofcourse, Haze Crypto is an ok audit, not super huge but so far genuine.  A few of us checked the codes ourselves and find only minor info mismatch on their web site which FantomWorld fix right away.

Then you should check their whitepaper, this is where founders themselves described what they do and intend to do moving forward.  Don't get too carry away with this, most ROI projects need to achieve proven sustainability else all futures are just dreams.

So yes FantomWorld is a genuine smart contract project.  It pays 7% daily for 30 days.  When you withdraw, 25% is reinvested so you only get 75%.  So your nett return is 57.5% in 30 days.

If you lock for 30 days (withdraw-able after 30 days) then they calculate daily 14% for you and your nett return is 3.15x after 30days.

This ROI mechanism has a hidden gem, you invest once and you actually get return for the next 10-12 months so above nett return is only for the first 30 days.  This is why some veterans have high confidence this project will be sustainable.

A bigger secret inside is if it works as planned, you may even get a perpetual passive income out of this!

(19 March 2022: This doesn't work anymore, the profit from the 14% plan is reinvested into the 7% actually so if you do nothing eventually the passive compounding interest will goes down to 0 in a few months time) 

The rest of the details are not that important to me, you should go through all above process and details and draw your own conclusion.  Back to the risk, you will lose all your money when

1. the Contract balance goes to 0
2. you mistakenly transfer the money (wrong chain, wrong protocol etc.)
3. this project is sabotage by the community itself

FTM is also in a downtrend so your nett return may also be affected.  Likewise, if FTM goes up 30 days later your return will multiply as well.

So far for the past 12 hours, we only observe some minor concerns we might want to pay attention to;

• some small whales are in (those who invested huge money now, when they withdraw the balance will go down)
• almost all of the 1st 200 investors exploited the referral bonus all the way up to 5 levels but it is slowing down now
• the balance will go down too when less than 100 participants join in last 12 hours