For the past few months, unless you’ve been hiding under a rock, then you must’ve heard of CherryShares, arguably one of the biggest, and most well established in the HYIP industry today. Over 400+ days old (that’s longer than a year!), the giant is moving on strong, and with the welfare of the members in mind, plans to introduce a few new features for the coming year. I foresee a great future with the latest news, which comes at a very opportune time.
There will be essentially 2 major changes, or should I say improvements, to the current system that will contribute indefinitely towards the program’s longevity. The changes will only be effective after January 2011, so there’s still 2 months left.
The updates will be:
- Changes to referral commission
- Lower interests in short-term plan
Current:
First of all, CherryShares currently has 4 plans, namely: Short-term plan that pays 5.8% weekly with principal available for withdrawal after 3 weeks, Mid-term plan that pays upon expiry a rate of 8.7% per week for 50 weeks (total of 435%, with compounding available), Long-term plan that pays upon expiry a rate of 9.9% weekly compounded for 75 weeks, and the recently-introduced Daily plan that pays 1.54% daily (compounding available) for 315 calendar days (45 weeks). Short-term plan has been, by far, the most popular plan among members because of the high interest and flexibility of being able to withdraw your principal after only 3 weeks. In comparison, the daily plan, albeit offering the higher interest of the two, retains your principal for a longer period of time.
Referral commission is offered to all members, whether they invest in the plans or not. The interests range from 3% to a whopping 25%, and the interest is dependent on how many referrals you attract. Only top referrers who attract over 36 members have the privilege of earning such high interests.
Changes (After January 2011):
The highly popular Short-term plan will be revised, offering only 5% interest per week for the 1st 3 weeks, and the same old 5.9% weekly after 3 weeks. This will not adversely affect anyone who has already invested in the plan. Only new deposits will be affected by this new rule. Since you’re only losing technically a total of 2.7% interests, I think it’s a reasonable and justifiable call on the admin’s part.
I would rather have a strong, lasting program than one that suffocates itself by offering overly high interest rates.
The Daily-plan will be revised as well, offering only 1.52% daily (a total of 7.6% weekly), as compared to the current plan that pays 1.54% daily (a total of 7.7% weekly). Yes, you heard it right, a mere adjustment of 0.1% weekly, and I doubt anyone would, or should, be concerned with such a minor adjustment. I, for one, know that I won’t be! ☺
The Long-term plan, which is currently open to investments upwards of $20,000, has long been reserved to the privileged investors. CherryShares has decided that it has reached the maximum number of investors needed for the plan to sustain the whole program. Therefore, starting from December 25th, the plan will be closed and no new deposits will be accepted.
CherryShares has also decided that their organization has reached a very comfortable point where they would like to cut down the amount of work by restricting registration of new members. This will only be in effect after January 2011, and the only way to register then would be through a referrer who has over $5,000 in deposits.
Last, but definitely not least, as referral links will only be active for referrers who have active deposits of over $5,000, referral commission will not be offered to anyone else who has under $5,000. Effectively, this means if you wish to earn referral commission, you either have to have $5,000 in CherryShares, or you have to have $5,000 in CherryShares. There are no 2 ways around it! In addition, deposits into Short-term plan (5.9% weekly) will not count as referral commission – something you should keep in mind when you refer someone.
As you can see, most of the changes are geared towards reshaping CherryShares to prepare it for the future. We’re living in tough economic times, and tough times call for tough measures. I think this will, eventually, reflect positively on the program’s longevity. Hopefully the program, one of my favorites right now, will see some support from the members.
I, for one, am a big supporter! ☺
That’s all for today folks! I’ll see you tomorrow with more news and updates from the industry!
CherryShares has also decided that their organization has reached a very comfortable point where they would like to cut down the amount of work by restricting registration of new members. This will only be in effect after January 2011, and the only way to register then would be through a referrer who has over $5,000 in deposits.
Last, but definitely not least, as referral links will only be active for referrers who have active deposits of over $5,000, referral commission will not be offered to anyone else who has under $5,000. Effectively, this means if you wish to earn referral commission, you either have to have $5,000 in CherryShares, or you have to have $5,000 in CherryShares. There are no 2 ways around it! In addition, deposits into Short-term plan (5.9% weekly) will not count as referral commission – something you should keep in mind when you refer someone.
As you can see, most of the changes are geared towards reshaping CherryShares to prepare it for the future. We’re living in tough economic times, and tough times call for tough measures. I think this will, eventually, reflect positively on the program’s longevity. Hopefully the program, one of my favorites right now, will see some support from the members.
I, for one, am a big supporter! ☺
That’s all for today folks! I’ll see you tomorrow with more news and updates from the industry!
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