Westland Storage is an ICO which is geared towards taking advantage of the reliability of the real estate market to make consistent stream of revenue. Their way of presentation is apt but the kind of profits they are guaranteeing the investors is making them go viral.
Many people are under the impression that it might be a ponzi scheme or might be a game of pump and dump which results in huge loses for the general public. Read our detailed review which will help you make a rational decision about them.
Company and Support
This company is said to have been around from 2001. The founders of this organisation are Brandon and Brain Williams. They apparently own commercial real estate throughout the United States. According to their platform blog they have more than 120,000 investors supporting their ICO.
The current CEO of this firm is a person called as Mathew Boyd. This firm is registered in the UK but do not take that as a guarantee that they are legitimate. There are plenty of ways to contact the support team if you happen to have any queries. Below we have listed the contact details put up on their website.
2. Calle de Raimundo Fernandez villaverde, 28003 Madrid, Spain
3. 875 3rd Ave New York, NY 10022, USA
4. 55 2nd St. San Francisco CA 94105, USA
5. T116 – 0002 Tokyo – to, Arakawa – ku, Arakawa, 7 chome 46 – 1
6. 1 kim Seng Promenade, Singapore 237994
What is Westland Storage and how does it work ?
The basic aspect of this ICO revolves around real estate. In today’s time unless you have enough capital to start with, buying and selling land is impossible. This firm has made investing easy for everyone by letting people get started with small amount.
They pool all the investment amount to buy or invest in real estate in the most economically attractive regions of the world. The diverse approach in buying the land in multiple places is said to give them an edge against the competitors.
Though in theory this idea sounds perfect, the execution is not that easy. The negotiation process for buying the land and later converting them into a fine place people would pay more to live in, spending on marketing these things are daunting to say the least.
This service guarantees the investors 1% ROI per day. Though we do not know how exactly the revenue is getting generated there are a lot of positive testimonials out there.
The amount of profits they are generating is impressive but naturally it raises a lot of concerns because most investment banks have never managed to reach those kind of returns in their life time.
As you can see from the image above according to the profit calculator embedded on their website if you invest $22,500 for 12 months then you will get $69,806.25. Doesn’t this kind of returns sound like a miracle ?
To reach the masses with their concept and to boost their adoption rate this ICO platform offers affiliate program. If you wish to become their affiliate all you have to do is sign up with them, grab your unique referral link and refer people by making them click on your unique link.
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Once your referrals deposit funds you will get a slice of the deposit amount, commission percentage ranges from 5% to 10%. They also assist you when it comes to the promotions.
Road Map and Accomplishment
This ICO has been around from 2017 and has managed to accomplish many milestones which can be found on their platform. Here are the future plans of this firm :-
4 Q 2018
New investment plans with increased profit
Launching of an internal exchange for the exchange of cryptocurrencies
Connection of large payment systems
Introduction of long term investment plans
Conference on the island of westland storage
WLS token entering to the exchange
Sponsorship of global blockchain conference
The beginning of the construction of our own WLS technological park
Westland storage platform entering to the public blockchain
Launching the WLS city system
2 Q 2019
WLS social programs
Implementation of technology at the government level
3 Q to 4 Q 2019
Creation of a single IT platform for investment in real estate
Is Westland Storage a Scam ?
The goals set by them as targets are a little far fetched when compared to other ICO’s. In fact many people have started to question whether they are a hyip. There is no clear answer about the completion of this project and it is something only time can tell.
A lot of testimonials are featured on their platform but their identity cannot be traced so it is definitely not transparent. They do have a huge community of users but again there are mixed impressions. Here is what users on Bitcointalk.org are saying-
For me it looks obvious ponzi scheme as no one can pay fixed daily profit in a legit and real business so be careful, for hyip lovers this may look likea mid term program but i think serious investors should stay away from such ponzi schemes and should discourage them in every way possible.
Westland Storage Review Conclusion
Westland Storage has covered only few major aspects of their plan and still has to go a long way in order to reach the place where they want to be. They claim to have bought properties across 39 countries but then exact details are not shared with the users which is a huge red flag.
According to the information on their website they already own 13.7 million ft and have made more then 50.2 million dollars. Since there isn’t any proof supporting these data we cannot trust them.