Project Review wecauto.com
The website wecauto.com is part of an investment project from the WECCO ecosystem, based on blockchain technology. The main goal of the project is to provide participants with the opportunity to buy premium-class cars, motorcycles, and special equipment at a discount of 35% to 50% off the market price in the shortest possible time.
Project Information
The wecauto.com website is available in four languages, including Russian. Currently, information about the project administration, contact details, and other documentation is not available on the site.
Investment Opportunities
The wecauto.com project offers participants an unusual way to earn income – purchasing prestigious equipment at a reduced price instead of regular financial payments. Participants cover the missing amount with the help of other clients within the project’s internal structure. The average investment period is 12 months, after which each participant receives the full value of the selected vehicle.
To participate in the program, a 35% deposit of the vehicle’s cost is required. Funds are paid in a lump sum at the end of the investment period. There is an option to reduce the annual cycle to 4 months for an additional fee by purchasing internal currency called FST.
Deposits and Withdrawals
All operations in the wecauto.com project are carried out using the cryptocurrency WEC. The WEC currency operates exclusively within the project and is not widely recognized beyond its scope.
Funding the project is done by depositing real funds, which are converted into WEC cryptocurrency on the project’s internal platform. The exchange rate as of April 2021 is $7 USD for one internal unit. The conversion process between fiat money and local coins is carried out on the internal P2P exchange, where participants determine the current WEC rate.
Conclusion
The wecauto.com project exhibits signs of a hype with potential financial risks. The high entry threshold and lack of guarantees for receiving the automotive equipment make participation in the project unsafe. It is recommended to carefully weigh the risks and consult with an expert before participating in the project.