And hello again, all "green" hyippers, it's useful to read, and gurus ("brown" hyippers, from the word "Buried") can correct us as always in the comments. So, in addition to other notes, let's try to explain what deposit insurance in a hyip is.

In real life...

To avoid confusion, let's clarify right away - insurance in hyips is not the same as what we call it in everyday life. I believe many of you have cars and know that you've PAID for insurance. At the same time, an insurance event may not even occur, but if it does, it will partially or fully cover your loss, specifically the car repair in case of an accident. Here's how it works briefly: the insurance company has statistics on insurance cases and the average amount of damage in them. For example, out of 1000 car owners, 10 will get into an accident, and each will have to pay $500 :). That is, we multiply 10 by $500 - we get $5000. Therefore, for insurance, each of these 1000 car owners will have to pay a minimum of $5, so if they end up among those 10 unlucky ones, they will be paid $500. Well, it's not really $5, of course; you also need to add the insurer's profit, operational, overhead, and other expenses... In the end, insurance will cost $20, or maybe even $50 :). Why are we eliminating illiteracy, you might ask? To make you all forget about it when it comes to hyips :)

But in hyips, it's like this

Here, everything is different.

1. Insurance applies not to all hyips but only to those listed in the "UNDER INSURANCE" section here.

2. Investors do not pay for insurance. Insurance can be provided by the hyip admin. Or richmonkey.biz itself assigns it, sometimes even AFTER the insurance event, i.e., the scam. We suggest celebrating the insurance if it exists.

3. Insurance will not cover our ENTIRE loss (but such cases happen), only a part, depending on the available insurance amount. "How does it work? We assign the "scam" status to the hyip. On the same day or the next day, a publication with a link to the compensation form for losses is released. We allow 1-2 days for submission of applications. Then we perform a general calculation of how many percent of the losses we can pay to each of our referrals. We calculate, pay, and forget about the project :)."

Examples

Let's clarify that if you broke even or, even better, made a profit, there's nothing to insure. Insurance covers losses. Example: Vasya invested $50 in a hyip, received a $5 referral commission, the project paid $25, and then it smoothly went scam. Vasya got back only $30. His loss amounted to $20. There were 100 such Vasys on the monitor, i.e., they collectively lost (maa-maa!) $2000. Suppose there was insurance, let's say $1000. Clearly, if there were 50 Vasys, maybe everyone would get their losses covered, but in our example, there are twice as many, so insurance would cover 50%, i.e., $10 for Vasya.

If there were multiple deposits, one of which ended in profit, the loss is insured for all deposits. For example, one deposit earned +$10, and the second lost -$10 - there's nothing to insure. But if the second deposit lost -$20, then your loss eligible for insurance is -$10. Looking at the example above, the compensation would be $5 (50%).

But let's repeat. How to calculate the net loss?

Net funds deposited from the payment system (without reinvestments) — profit received from all deposits — all referral bonuses from our monitoring!

Example #1: deposited $100 — received $50 in profit — received a $5 bonus = $45 net loss.

Example (if one of the deposits is in profit) #2: deposited $100 and received a profit of $120 + received a $5 bonus from monitoring, then before the scam made a new deposit of $100 and received a profit of $30 + a bonus of $5 from monitoring.

Loss = $100 (last deposit) — $30 (profit from the last deposit) — $20 (profit from the first deposit) — $10 (2 bonuses of $5) = $40!

Example (if the tariff is daily) #3: deposited the first $100 — received $120 in profit — received a $2.5 bonus, deposited the second $100 — received $120 in profit — received a $2.5 bonus, deposited the third $100 — withdrew $0 from the deposit — received a $2.5 bonus

Loss = $100 (last deposit) — $20 (profit from the first deposit) — $20 (profit from the second deposit) — $7.5 (3 bonuses of $2.5) = $52.5!

Applications with significantly different loss amounts from the real ones will be ignored, and no compensation will be given. Thank you for your understanding.

We'll divide the insurance fairly!

When someone writes about $10 deposit and $10 loss, what does it even mean? We can do the math, but can't you? Where's the referral commission? What about the interest from the deposit? If you didn't withdraw the profit, we can't see that (for the most accurate compensation payouts, we decided to ask for the login and password from the personal account in the project after the scam), but you did get a referral commission anyway!

In general, we now delete applications that attempt to deceive. We understand minor discrepancies, but when what's described above happens, it's not cool! You're not deceiving us, but your colleagues in the industry - investors who will receive less than you! We also like readers who made a profit but still apply for compensation. We've written many times, reinvestments, playing for profit, how can that be considered a loss? Loss from profit? There's no such insurance!

Behave like pros!

Applications for compensation can be submitted through the " Order Insurance" form.