ECOS

ECOS is an investment company established based on the idea of creating a Free Economic Zone (FEZ) in Armenia to promote the development of IT projects. The company offers a range of services including cloud mining, cryptocurrency exchange, wallet creation, equipment sales, and hosting

According to the information on the website, the company has its own venture capital fund, which you can become a member of. So far, everything looks profitable and promising, but is it so? Let’s find out if the ECOS investment offer is a scam.

 

Terms of Investment with ECOS

The company offers to become a FEZ resident with the opportunity to participate in the venture fund and receive full support from the company’s specialists, ranging from research to administrative.

 

At the site ecos.am, you can choose an area to invest in, register your company to become a BMS resident or invest in a general venture capital fund.

 

Any company engaged in information technology can become a resident of the Free Economic Zone. If you do not have an office in the territory of Armenia, the company will help you rent an office in the territory of the Free Economic Zone. The minimum threshold for investing in a venture capital fund is 50 thousand dollars. One more investment opportunity, which is presented by ECOS, is mining and mining equipment.

 

The company’s clients can buy computing power, rent mining equipment, and earn a stable income. All you need is a stable Internet connection and your computer or mobile device.

 

Platform ecos.am

Platform ecos.am – qualitatively developed project, information-rich, made according to an individual project, graphically rich and a little confusing – the graphics is a little confusing. But it is not difficult to understand it, especially since the navigation platform is built so that one project contains several sites in different areas of the company and you can move from section to section, but some of the sections on the general platform of the project is not yet active, it is clear that the portal is still in development.

The platform has a large number of partners, both in information technology and other areas.

The ECOS platform gives the opportunity to earn income from mining up to 5 thousand euros, according to the information on the website. Benefits of the platform include:

• Minimum contract value from 0.001 VT (15$);
• Special software for generating extra income;
• You can pay for contracts not only in bitcoins, but also with your bank card;
• It is possible to withdraw funds from the platform from 0.001 BTC;
• Duration of contracts from 182-1095 days;
• Daily interest payments;
• The possibility of reinvestment;
• Large selection of plans.

Terms of interest accrual ECOS

In an exaggerated way, the algorithm of work on the company’s platform looks like this: you rent equipment for mining in one of the company’s data centers. The server and hosting work in accordance with the selected plans. ECOS takes a commission for equipment maintenance and electricity.

 

All you need to do to get started is register, choose a contract, pay for it, and keep track of how the funds are coming in. All of the company’s contracts are long-term, and they give a small but stable profit every day for a long period of time, at the end of which you can either withdraw funds or continue working. Interest can be withdrawn when it is convenient for you.

 

Minimum Investment Amount

The minimum contract price on the platform is $89.95

 

Deposit and Withdrawal

You can withdraw your earnings at any convenient time. There are rates that allow you to deposit and withdraw to bank cards, and there are those where you can withdraw and deposit only through cryptocurrency wallets. The income received, after you send a request for its withdrawal through a personal account will be credited to the account within 1-3 working days.

 

ECOS Bonuses

The company does not have a bonus system as such. From time to time, there are seasonal promotions, thanks to which you can, for example, buy a contract at a reduced price. But the service ECOS-mining has its own referral program, through which, after registration and receiving a referral link in your personal cabinet, you can receive up to 10% from each new contract purchased through your website or recommendations.

 

 

Complaints about ECOS

The company launched its investment projects not so long ago and there are few reviews about its work. About the project ECOS – Ecos-mining, reviews are both positive and negative, but judging by the general trend in the records, customers still refer to the project neutrally. The negative reviews note that the withdrawal of funds is carried out with delays, with operations there are technical difficulties.

Among the positive, they praise the profitable rates, and a convenient platform for mining.

 

For other services of the company there are also reviews, although, as we have already written, and very little, customers praise the speed through which they managed to register offices of their company in the FEZ with the help of ECOS.

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Regulation and Licenses

Before you choose your company, with whom to entrust your investment portfolio and with whom to work on projects, you need to carefully study the documents of the company, posted in the public domain, on the website and on the Internet. Certificates of registration, statutory documents, if the company has a physical office address, and so on, the more documents are placed on the site, the more confidence the company inspires.

ECOS license

There is no data about company registration and official documents on the website. According to the User Agreement, ECOS is governed in its activities by the laws of Armenia.

 

Ecos.am Customer Service

Customer Service ecos.am works around the clock. You can leave a message through the chat with the bot available on every page of the site, the feedback form, by phone (during working hours) and by sending an e-mail.

ECOS User Agreement

The user agreement itself and the privacy policy on the site are in English only.

Documents from ecos.am:

• “User Agreement”
• “Privacy Policy”

Please note that the user agreement is presented only on the Ecos-mining service portal. The user agreement line on the general ecos.am site is not yet active.

The minimum withdrawal amount – 0.001 BTC, and the maximum – 10 BTC.

The company warns that it does not insure against technical difficulties, and the client must be aware of all the risks associated with the investment.

The agreement specifies the fees that can be withdrawn from the client’s account. The company reserves the right to commission for withdrawal of funds and technical support of operations.

Please note that you can withdraw your investment no sooner than 30 days after you open an account. If you try to withdraw funds before the specified period, the client’s contract may be suspended.

 

 

Is ECOS a Scam?

The company ESOC – is a fairly large, complex project, providing services of various spectrums. You can become a FEZ resident in Armenia, you can become an investor, companies already existing in the project, or you can start your own. Another service ECOS offers is providing equipment for mining and cloud mining, a wide range of contracts allows you to have a stable income even with small initial investments.

We have studied what ECOS offers, its platform, services, and publicly available information. There are no signs that ECOS is 100% a scam. You can see from the company’s platform that the service is developing; some of the sections of the site are duplicated, while some are not yet active. The official translated documents of the company are not yet publicly available.

Almost all of the company’s contracts for operations with cryptocurrencies -are  long-term, the daily income will be small, and what service to choose – just mining, buying equipment, or renting a server + hosting and so on – it is up to you to decide. The feedback from ECOS clients is different, but most of them are positive or neutral. The company is still developing and implementing new services.

 

Conclusion

Based on the information that is presented on the company’s website, the plans for the ECOS – are more than ambitious. But at the moment, looking at the statistics of FEZ residents, and investors of the company, we can say that the main service is advisory – assistance in the registration of companies in FEZ and provision of cloud mining, equipment sales, server rentals and other services to organize the continuous operation of cryptocurrency movement. The company has partners among large IT companies, their logos can be found on the website.

The service platform is still being updated based on the fact that some of the sections are inactive and some are clearly made in a different design, as if several different sites were combined into one portal, which means that ECOS continues to work on its platform and, shortly, there may be updates.

It’s up to you to decide whether to invest in the investment proposals of ECOS. Y you should always be cautious about making large investments in a HYIP project, even if they offer long-term contracts.