EtherLend Review – ICO, Crypto, Login, Register, How it works, Shut down
“Elend” is a German word which means “wretched”.
EtherLend has no information on their website about who owns or runs it and the EtherLend website domain (“etherlend.org”) was privately registered on November 25th, 2017.
EtherLend has no retail-able products or services making affiliates only able to market EtherLend affiliate membership itself. EtherLend affiliates acquire ELEND points from EtherLend’s anonymous owners.
The points are sold to affiliates for 10 cents to 30 cents each.
$100 is the minimum amount of ELEND points that can be purchased in one transaction. $100,000 is the maximum.
ELEND points are then lent back to EtherLend on the promise of a 2% to 7% daily ROI for 30 days.
EtherLend pay referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under him or her.
EtherLend commissions are paid out as a percentage of funds invested as follows:
level 1 (personally recruited affiliates) – 8%
level 2 – 3%
levels 3 and 4 – 1%
level 5 – 0.5%
EtherLend affiliate membership costs a minimum of $100 investment. However, it is clear that new affiliate investment is the only verifiable source of revenue entering Etherland and using newly invested funds to pay existing affiliates a daily ROI makes EtherLend a Ponzi scheme.
Etherland.org is currently offline and many investors are panicking over this. We advice that you exercise patience and hope it comes back online. You can always access, register or try logging into your account by clicking the link below:
Use the Live Chat Box herein or the comment box to testify about the good and bad side of this platform. You can also send an email to [email protected] to report anything.
Update – There are no complaints about Etherland for now.