Is SMICap net a Scam

Everybody can check the actual status of the tokens platform, whether you are a member or a non-member. You can see the value of the tokens and the tokens qty being traded respectively for the immediate past 10 trades. And, you can check whether there is an increase in the number of account IDs with the program.

See below a typical screen-shot of the last trade between account ID 266916 (buyer) and account ID 37259 (seller). The buyer bought 810 tokens at US$0.52 each from the seller on 29 July 2011 at GMT 3:44pm.

Money, in US$, changed hands, from the buyer to the seller, at that instant. SMICap takes 10% off the selling amount from the sellers only.

Is SMICap a scam

The second past trade was when 2313 tokens were sold at US$0.51 each.

The third past trade was when 987 tokens were traded at US$0.51 each.

SMICap takes 10% from every sellers of the tokens. This is one source which generates profit for the company. Suffice here to mention that there are external sources of profit to SMICap, too.

The value of the tokens are determined by the actual demand and supply situations among the participants, just like any legitimate business or market. When the demand is low, the value drops, but, will never drop below the base value of each growth cycle. You can see the current value 24/7/365.

Such a platform is similiar to any stock exchange except that SMICap operates a virtual tokens game platform. Such is the game plan - no dishonesty and no trick.

Let's analyse further ... .

2) Track Records of the Tokens Program

Next, let's look at the track record of the tokens program. The program was launched 6 May 2007, more than 4 years ago. Since 2009, many people joined the tokens platform because of its track records.

Do you know that there has never been any negative growth cycle since 6 May 2007 until now? No, never ever will there be any negative growth cycle.

By now, having a performance record for the past 4 years, the track record bears witness that this program is not a scam because no online scam program can last more than 3 years, historically!

Bernard Madoff's scam lasted 7 years but it was offline in nature ... . And, for Madoff's scam, even Madoff's sons didn't know where the money to pay the investors came from. For SMICap, I mentioned one source of SMICap's profits in paragraph 1. Everybody, whether participants or non-members, can check the financial health and progress of the tokens platform. It is online. Scams won't provide you a means to check their financial health and progress, right?

Maybe the tokens program will be the longest online scam? Let's analyse further ... .

3) Archived Account Reports

The tokens program of SMICap was launched on 6 May 2007. Between then and 15 Nov 2009, its IT system was managed by a third-party company. With effect from 15 Nov 2009, the revamped IT system has been managed by a subsidiary company of SMICap, in Malaysia, until now.

No scam company will provide archived account reports online for its members. For a scam company, it is easier to discard all historical data ... than to maintain all these archives. But, SMICap let its early participants have access to these archives at the click of a button (see below) even until now.

From the above, you could see that I joined on 29 July 2008.

My latest gains (July 2011) were as below.

By keeping all historical data intact since 6 May 2007 (the launch date), SMICap is able to show any authority where all the money have been collected from and/or withdrawn to.

Which company intending to scam its participants will spend resources to keep track of all the inflow and outflow of money?

And, every duly registered company needs to keep all its financial data intact for a certain period of time. In Singapore, for an example, every company has to keep all its financial records for a consecutive period of 7 years.

Let's continue to analyse.

4) Profit-Sharing Monthly Variable Amount

Every active account receives variable profit-sharing amount from SMICap com every month. See below screen-shot for the variable profit-sharing amounts for the months of May, June and July 2011 respectively.

SMICap variable monthly profit sharing amount

SMICap variable monthly profit sharing amount

Suppose you want to scam others, will you distribute to them variable profit-sharing amounts every month since 6 May 2007?

Suppose you want to scam others, won't you keep all the profits to yourself, rather than to share with them?

But, SMICap distributes variable profit-sharing amounts to every active account every month without fail, since 6 May 2007.

Conclusion

From the above analysis, I have shown you that SMICap is not a scam because:-

SMICap operates an online virtual game tokens platform similar to the platform of any stock exchange.
The value of the tokens and the status of the tokens program is visible to the world 24/7/365.
The value of the tokens is determined by actual demand and supply conditions, just like any legitimate business.
It has a track record of more than 4 years.
Accounts which were created before 15 Nov 2009 still have access to their respective archived account reports.
SMICap keeps track of all its financial records of inflow and outflow of money, financial statements, etc., just like any duly registered company.
Every active account continues to receive variable monthly profit-sharing amounts from the company.

Did I answer the question 'is SMICap a scam'?