Mining conglomerates usually elicit confidence because everyone knows that mining of natural resources such as gold and copper is a lucrative business.
Bluehill foundation is one company that has taken advantage of this profitability to create an investment opportunity it hopes that many investors will take advantage of to make gains.
Bluehill Foundation recently announced that it would soon commence the sale of a security token in a bid to tokenize its mining operations.
With the offering, we are sure that there are many investors that may be impressed enough to want to invest in this sale, if you’re one of them, it would be appropriate to read through this post before parting with your funds.
What is BlueHill Foundation?
This is a company that claims to control 30 percent of some mining operations in Asia. Located somewhere in Mongolia, the firm is believed to be in control of large copper deposits with some being mined while exploration is ongoing in other sites.
According to the site, the company derives its name from the area where its major mining operation takes place in that the hills have bluish coloration due to the presence of copper oxide.
Valued at more than $900 million, the company through its security token now wants to open its doors to investors to participate in the endless profit that could accrue from its operational successes.
Should You Trust This STO?
The company is depending on a Swiss regulated security token offering and under normal circumstance this should give the investor a level of confidence but with the crypto industry, nothing is really that secured. That is why the general rule is that you conduct proper investigation before parting with any digital assets that you own.
There are evidences that this is not a trustworthy project and we shall highlight just a few to help you make appropriate decisions.
Someone said that if the idea is yours, you should be able to explain it to an 8 year old. What we have noticed with many projects are just avenues through which scammers and other dishonest entities try to steal funds from investors.
The Bluehill Foundation whitepaper was effectively plagiarized from other sources. Not even the lightpaper which is a summary of the whitepaper was an original document. This could be seen from the section which stated:
“The Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. Information held on a Blockchain exists as a shared and continually reconciled database. The Blockchain database is not stored in any single location, meaning the records it keeps are truly public and easily verifiable, staying on the Blockchain permanently. Blue Hill Foundation will bring more efficiency and transparency using Blockchain technology in the below mentioned 5 ways, revolutionizing the mining industry that is still ineffective and opaque in the traditional way.”
Running a check on this on plagiarism software shows that this was copied from Blockgeeks. No reputable organization would plagiarize a document. It shows that what we have with BlueHill Foundation are some individuals that are not trustworthy.
Unknown Team Members
Bluehill Foundation listed 9 mining team members but none of them has a social profile linked to their identities. This is quite suspicious for a company hoping to raise funds from investors. Big companies do not hesitate in letting the public know the executives managing affairs of the company.
The only reason why a company would expect investors to send money to strangers is if they have something to hide. The fact that they have already proven to be unreliable should make every investor avoid the Bluehill Mining security token.
Who else knows that it is impossible for even the best managers to give assurances of quick wealth such as 100 percent in 2 months and promise that consistently? One of the strategies employed by scammers is offering mega profits to investors knowing that many would be tempted to take it.
According to the Bluehill Mining website,
“The target return of investment is up to 3,340% for the Blue Hill Mining project. By investing into the BHF one can double the ROI as the BHF tokens can be purchased for a discounted price (although BHF token prices will increase during this offering).”
Analyzing that statement, we were left in no doubt that this is a project that has am objective to entice people to buy a token that may be worthless. How could anyone promise thousands of percent to investors especially in the unpredictable crypto market? It is absolutely ridiculous.
There are enough proofs to show that this project is a no-no for me. Every investor should learn to read in-between the line and especially conduct background research before buying any tokens.
With hundreds of millions of dollars lots to ICO scams, many investors are wiser but scammers are still in business. For the best investment I recommend, check here.
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