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LoopX LPX ICO: Advanced Loop-Algorithm Trading Software?

LoopX claims to be the most advanced loop trading software to date. Find out how it works today in our review.

What Is LoopX?

LoopX, found online at LoopX.io, is a trading platform built around a special algorithm called the Loop Algorithm. That algorithm was tested over a 6 month period. The company claims they earned profits “continuously every month” during that 6 month testing period.

For some mysterious reason, the LoopX team isn’t keeping this magical trading algorithm to itself. instead, they’re very nicely deciding to share it with the world. All you need to do is send the company a bunch of money, and they’ll magically turn it into more money.

Obviously, LoopX has all of the red flags we associate with a crypto investment scam. Let’s take a closer look at how it works.

How LoopX Advanced Loop-Algorithm Trading Software Works

LoopX doesn’t really have a business model, nor does it offer any publicly viewable products or services. Instead, the core product offered by LoopX is its mysterious “Loop Algorithm”.

That algorithm purportedly makes “great profits continuously every month.”

In fact, the algorithm will pay you “guaranteed profits every week” due to its “advanced trading software”.

Obviously, when someone starts promising “guaranteed profits” in an industry as volatile as cryptocurrency trading, it’s a 100% sign you’re dealing with a scam. Even today’s top hedge funds don’t guarantee profits to investors.

Furthermore, if the LoopX team did create a magical trading algorithm that earned profit on every trade, consistently, then they certainly wouldn’t be sharing it with the world.

It’s like LoopX isn’t even trying to be a good scam. It’s just a stupid, unbelievable scam marketed to the internet’s most gullible investors.

The trading algorithm is enough of a red flag to tell us that LoopX is a scam. However, LoopX also has other signs of a scam: like a complete lack of team information and a sleazy “lending program”. That lending program will pay you guaranteed returns of 48% per month with no risk required.

LoopX LPX ICO Details

The LoopX ICO began with a pre-sale in early January 2018. The main ICO, meanwhile, was scheduled for January 10 to 24, 2018.

The company issued a total supply of 10 million LPX tokens. 6 million tokens were sold during the ICO, with 1 million sold during the pre-ICO. The remaining tokens were reserved for a Christmas sale (1.2 million), bounties (600,000), advisors and developers (500,000), and a development reserve fund (700,000).

LoopX’s team claims the price of tokens will be $50 apiece by May 2018 – despite the fact that they sold for less than $1 during the ICO. They don’t provide any information to back up that claim.

Who’s Behind LoopX?

LoopX, like most online crypto scams, refuses to disclose the identities of anyone involved with the project. The company posts no contact information online aside from a single email address (support@loopx.io).

When someone advertises a great investment opportunity to you online, but refuses to disclose their identity or information, it’s a sign you’re probably being scammed.

LoopX Conclusion

LoopX is a blatant scam – and it’s not even a very smart scam. The company claims to have created a magical “Loop Algorithm” for cryptocurrency trading. That algorithm is so powerful that it generates consistent profits every day. In fact, LoopX guarantees weekly profits – so there’s no risk involved in the project whatsoever. LoopX also offers a lending system where you can earn 48% per month.

Obviously, all of these traits are associated with crypto scams. Other red flags include a complete lack of team information, as well as absurd token valuations: the company is telling investors that their token will be worth $45 by the end of May 2018, despite the fact that tokens were selling at $0.50 in January.

For all of these reasons and more, LoopX is one of the more obvious cryptocurrency scams we’ve encountered online.

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