Thursday, April 29, 2010

29 April 2010 - HydroFunds Review

Hi guys! The review today comes at a very appropriate timing, in my opinion because I've been watching HydroFunds for quite some time (since the first day of launch actually) and I am thoroughly impressed with the admin's work ethics and more importantly, the site's near flawless performance.

HydroFunds is a wild child in my opinion. And by that, I mean it's a different, one-of-a-kind HYIP that the industry definitely needs to see more of. The admin, Kevan, or more commonly known as Alzander in the industry, is a straightforward person who has nothing to hide. From the way he presents the site to the way he handles things, Alzander doesn't conceal anything from his investors. In fact, he openly admitted his identity on the front page of the program. What this means? I view this as his commitment and sincerity in running an honest game that provides the investors with a true opportunity to earn. I believe we've seen our shares of dishonest and downright disgraceful scams over the past few months, so Hydr0-Funds definitely comes at a timely fashion to restore our faith in having an honest admin.

If you take some time to browse through the FAQ page, you'll find that Alzander stated there the various outside income sources that will help to keep Hydro-Funds' cashflow as fluid as possible. Among others, funds from Alzander's own monitoring site, which you can see here, his online "casino" game, on-site advertisements and Pay-To-Click will go towards sustaining the program. One thing I like about this particular facet of Hydro-Funds is that if Alzander is truly honest, which I think he is, the program does have outside income sources that will prolong the site's longevity. The site doesn't have to rely entirely on fresh funds; instead, the admin can look to other income sources whenever the funds are low, and then he could change the payout percentage accordingly as well in order to give the site some time to recover. I think based on these 2 crucial points, Hydro-Funds is a potential HYIP winner already.

But wait, there's more to the site than just an upfront admin.

HydroFunds is on a dedicated server with a licensed script from Neversay, which is one of the most secure scripts in the market, site design by the all-loved Doris, and Ddos hosting by Koddos. Even though I know this might not be of much use for you, but I estimated the cost to make HydroFunds, and it should be something like this:

Script: $120
Template/Design: $150
Koddos: $140/month

Total = $410

HydroFunds offers 7% daily for 18 days, and this is the only plan on offer. This, essentially, nets you a profit of 26% in 18 days, which isn't too bad at all, considering the fact that you're not investing with someone whom you have no idea about and could scam anytime. The minimum to invest is only $3, whereas the maximum is set to $900 Per Account. Many members were confused when this policy was put in place, but the admin clarified that the maximum of $900 is set for each account. This means you can either invest the whole $900 from LibertyReserve or $500 from LibertyReserve, $200 from PerfectMoney and $200 from StrictPay. But the main point here is each account can only upgrade up until $900, and you cannot invest more than that at the moment. The admin is looking at increasing the maximum cap, but he admitted that things will slowly fall into place on their own. I think one thing that sets Alzander apart from other admins is the fact that he owns a monitoring site, and he has his bread and butter on the line here. If the program shuts down prematurely, investors will simply stop joining his monitoring site, and this would just lead to a heavier loss than he would've liked if he had chosen to keep the HYIP up. Thus far I've been getting almost instant (within 2 hours, an hour and a half at the most) payouts.

A good variety of payment processors is accepted as currently HydroFunds only accepts LibertyReserve, StrictPay and PerfectMoney. The admin's decision to not add AlertPay in the first place is a clear indication of his experience in the industry -- he knows AlertPay has been very strict with verified accounts, so Alzander could risk having all his funds frozen in there despite his not doing anything wrong. This is the HYIP world; sometimes you lose for not doing anything.

A regular 5% commission is offered here, but contrary to other sites out there, you would need to be an active member in order to earn referral commission.

That's it for today's review, and before I end this post, i would like to point out some important aspects of the site that you should pay attention to.

Pros:
  • Honest admin
  • Sustainable plan: 7% for 18 days
  • Outside income sources
  • Fast payment
  • Reasonable cap ($900) to prevent hit-n-runners

  • Cons:
    • Only 3 payment processors accepted
    • Could use a better hosting provider
    • Live Chat and SSL-encryption not provided
    • No phone support

    • That's it for today folks! I'll see you later with more news on my Wazzup™ section!

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