At a recent event in Dubai, Xera, a new AI trading bot platform, was unveiled. People are now concerned about Xera because the companies that had previously claimed to offer AI bots for trading had a bad track record.
We will examine Xera and its services in this post and inform you as to whether or not it is reliable.
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What is Xera?
According to Xera, they have an AI trading bot that will assist people in trading cryptocurrency using the AI’s projections. Since there is yet a short while until its launch, no additional information regarding its services has been made public.
Henk Diepbrink is the Managing Director of Xera and there is no information available about the headquarters of Xera.
Xera is going to debut with the domain Xera.pro in the market and it was registered on January 2024, as per WHOIS.
Read: Idealist Review
|AI Trading bot
|Domain registration date
|8 January 2024
After investigating the business profile and model of Xera on the internet, we found several red flags in it. Let’s take a look at it:
- Suspicious past of promoters
- Lack of clarity about business
- Possible money circulation scam
- Executives involved in previous Ponzi schemes
- Unrealistic returns on investment
The largest warning sign is Xera’s business plan, which suggests that a Ponzi scheme is likely to start in the following days and eventually collapse. Most participants will inevitably lose their money when it collapses.
In the past, Ponzi scheme operators have appeared as legitimate businesses by using the pretense of an AI trading bot, even when their primary services are wholly fraudulent.
Additionally, the fact that several of Xera’s promoters have participated in multiple Ponzi schemes before serves to further emphasize how suspicious the company’s services and business plan are.
Read: SKP Mine Review
Who is the operator of Xera?
Henk Diepbrink is the managing director of Xera.
From where Xera is operating?
There is no exact information available about the location of operation of Xera. However, it was unveiled in Dubai.
Is Xera legit?
No, Xera doesn’t appear to be a trustworthy organization.
Should I use the services of Xera?
Yes, you can use the services of Xera but at your own risk.