Description

They operate on a promise of riches based on an investment. You can join for free using a phone number, but you need a referral code from someone else who already has an account. It functions much like a pyramid scheme. Once joined, you are asked to watch social media videos, like on tiktok, and "share" those videos. You receive 10 of these videos a day and after sharing all 10 videos you receive 5 dollars worth of crypto in the sites wallet. The site says you need a minimum of 200 dollars worth of crypto in order to make a withdrawal out of the site and into a private wallet, but here begins the lies and deception. As a basic member it appears as though it isn't an option to make withdrawals at all. After you hit that 200 dollar mark the site will no longer allow you to log in and will prompt you with a banner demanding you send them 50 dollars within 3 days or your account will be deactivated. The prompt also states that the 50 dollar crypto deposit will be returned after one week and that the user will be given one withdrawal, which sweetens the deal since you have 200+ dollars of crypto waiting in the sites wallet for you to withdraw. But in order to make that withdrawal you will also need to supply the site with far too much personal information such as a photo of your drivers license, social security number, and personal identifying information. I have people using this platform, so I have a vested interest in determining of this platform is a scam, so I was cautious about what info i shared (nothing,) but I did send 60 dollars in crypto out of curiosity of what would happen next. After two days the site no longer loads in my browser at all. My IP has seemingly been blocked from accessing the site. Since I didn't provide the information they demanded, I was unable to make a withdrawal. I can't know whether or not the 60 dollars I sent will return but I'm doubtful. Now that I can't access the site I have 0 ways of contacting them for any reason. That was my experience, now I'm going to talk about other aspects of the platform that are highly problematic. If you have any questions about the platform or need any assistance you are given the contact information of some random person on whatsapp and are only allowed to communicate there. There is a business license that exists online which describes them as an investment company, Youth Surge Dir, with 100 million in assets, but they don't seem to have a real physical location. Any address associated with this company is just a random unrelated building. Fake business license maybe, just to save face online? They have a VIP system which is very pyramid scheme-y. There are 10 levels of VIP. The first level costs a couple hundred dollars and with that you get the benefit of 12 dollars a day in rewards for watching and sharing more videos. You also seem to get more withdrawal privileges but I cant confirm this personally. Having a VIP level also benefits the person who referred you to the site with extra daily cash rewards when you complete the daily tasks, so there is an increased incentive to recruit new people and have them pay for VIP. Paying for VIP requires you to make a personal crypto deposit to the site and share your personal information. The highest VIP level is 10 which costs 199,000 dollars in crypto. the daily reward here is the same as level 7 at ~754 dollars. Simply put, the higher your VIP level, the more you and the person who referred you are rewarded. Because I haven't paid into VIP myself I cant confirm, but I'm told over time they will make demands for progressively greater deposits at the threat of account deactivation. Over time the people who participate are sustained just enough until a final rug pull at their moment of greatest resistance, resulting in massive net losses with their account deactivation. Scam may be too gentle of a word.