- WHAT IS ELVENGOLD?
Elvengold is an online money earning site where users can play games to earn in-game points which can then be withdrawn to real life currency.
- WHAT DOES IT OFFER?
ElvenGold offers an online gaming platform where users can earn while playing a game. The main concept of the game revolves around buying a building from an in-game shop and then constructing it after which it will generate a certain amount of revenue for the user. That revenue can then be withdrawn to real life currencies. Repairing the building also costs available in-game resources. It offers a 5000 Gold as a registration bonus which can be used for buying a building from the in-game store.
- WHICH PAYMENT METHODS ARE SUPPORTED?
Elvengold mainly supports Payeer as their withdrawal method and payments are processed in Russian Ruble(RUB). There is currently no other payment processor supported except Payeer.
- IS THERE A REFERRAL PROGRAM?
ElvenGold offers a 3 tier Referral system with different bonuses available.
Bonuses are mentioned below:
- Level 1: 10-15% commission from tier 1 referrals
- Level 2: 5% commission from tier 2 referrals
- Level 3: 3% commission from tier 3 referrals
- INGAME CURRENCY AND ITS VALUE?
ElvenGold uses an in-game currency named Gold which can then be converted to real life cash. 100 Gold equals to 1 ruble. It also offers an in-game currency named Crystal which is required in order to purchase certain bigger buildings in the game.
- IS IT FREE TO PLAY?
The site is free to play and register but it requires real-life cash to make purchases for its available in-game currency. For free users only initial 1 Ruble withdraw can be processed after which the user will be required to either deposit at least 100 rubles or acquire an active referral.
- WHAT IS THE MINIMUM WITHDRAWAL?
The minimum withdrawal at ElvenGold is set at 1 Ruble with the similar minimum amount needed for depositing on the site.
- FINAL VERDICT?
To sum things up regarding ElvenGold and after observing the way how the site has been able to operate successfully for such a long time, the final verdict regarding it is that its a Ponzi Scheme. It is most definitely not a complete scam since there are payment proofs available online on the internet but the game requires you to invest before you can make anything substantial from it. A free user can only withdraw before he/she will be forced to invest in order to withdraw more. Most reviews online suggest investing users not being able to recover their deposits while in certain cases users are required to have a certain number of active referrals before they can try to withdraw. It is a pay to play scheme in the long run and as such definitely not recommended. You can invest in this site at your own risk as it may result in you losing all your invested funds.