Virtapay - Is it a Scam?

Most, if not all, of you that have recently joined Virtapay have noticed the generous bonuses that are being offered by Virtapay. These bonuses are given for doing simple thing such as signing up and logging in to your account.

That is

• $100 for signing up
• $20 daily for signing in
• $25 for each referral

This would mean that if you signed up and logged in daily for one month(30 days) you would get

• $100 * 1 =  $100
• $20 * 30 =  $600
• Total = $700

$700 for doing nothing but signing up and logging in everyday. Now that sounds to good to be true. This would leave the company bankrupt if they were to pay everyone $700 for the first month of operation. This has led to people posting on their blogs and comment section of each and every forum about how Virtapay is a scam and how you should avoid this site at all cost. Well, most of these people did not even bother to join the site and understand how it works. The point they forgot to note is that ....

Virtapay is a virtual currency

Virtapay is a viryual currency and thus the said payments are not in US Dollars but are Virtapay Dollars (VP$).
So what is the value of a VP$?
According to the satoshi project (you can read about it here), VP$1 = 100 Satoshi

• VP$ 700 = 70,000 satoshi = 0.7 mBTC =  US$ 0.468132***

As you can see that is very managable amount of money to pay per person
The down side of this is that the members get a small amount of  money. However, I did not include the referral bonus that stands at VP$ 25 and there is no limit to the number of people you can reffer to the program.

You can see the proof of payment from the satoshi project here

VERDICT : Recomended
Virtapay is a legit site

* VP$ accumulated in your account will be available for withdrawal after the satoshi project is complete
*** 1 BTC = $668.76 (at th time of writing this article)