Tether “trading bot” Ponzi scheme


iEarnBot fails to supply possession or govt data on its web site.

iEarnBot’s web site area (“iearnbot.com”), was first registered in December 2021. The non-public registration was final up to date on October sixth, 2022.

iEarnBot’s official FaceBook web page was created in 2019 as “Giảm Cân Bona – Hiệu Quả , An Toàn” (“Bona Weight Loss – Efficient, Secure”).

The web page was renamed to iEarn Bot on January 1st, 2022, which marks iEarn Bot’s launch across the identical time.

Regardless of solely present as of 2022, iEarnBot falsely claims to have been round since 2018.

When is iEarnBot based?

12 months finish of 2018.

iEarn Bot’s FaceBook web page is managed from Vietnam and Cambodia.

I’m conscious of Cambodia being hit laborious by Chinese language scammers this 12 months. There’s a chance iEarnBot is being run by Chinese language scammers:

In an try to look respectable, iEarnBot gives bogus incorporation particulars on its web site:

Our full title: iearnbot Good Quantitative Expertise Co., Ltd.,

Deal with: 1801 East sixth Avenue Suite 350 Austin, TX 78702 USA

This handle belongs to an unrelated software program firm.

iEarnBot additionally represents FINCEN and shell firm registration in Colorado as “monetary licenses”.

For the aim of MLM due-diligence, these certificates are meaningless.

SimilarWeb at present tracks prime sources of iEarnBot web site site visitors as Burkina Faso (39%), Venezuela (9%) and Bangladesh (9%).

As at all times, if an MLM firm is just not overtly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.

iEarnBot’s Merchandise

iEarnBot has no retailable services or products.

Associates are solely capable of market iEarnBot affiliate membership itself.

iEarnBot’s Compensation Plan

iEarnBot associates make investments tether (USDT) on the promise of an marketed 30 day ROI:

  • BOT S – make investments 10 USDT and obtain 0.3% to 0.5% a day (should put money into BOT 1 to BOT 2 to withdraw)
  • BOT 1 – make investments 31.99 USDT and obtain 0.3 to 0.36 USDT a day
  • BOT 2 – make investments 154.99 USDT and obtain 1.8 to 2.1 USDT a day
  • BOT 3 – make investments 509.99 USDT and obtain 6.5 to eight USDT a day
  • BOT 4 – make investments 2539.99 USDT and obtain 35 to 45 USDT a day
  • BOT 5 – make investments 10,099.99 USDT and obtain 150 to 200 USDT a day

iEarnBot pays referral commissions on invested tether.

Referral commissions are paid down three ranges of recruitment (unilevel), based mostly on how a lot an affiliate has invested:

  • BOT 1 tier associates earn 10% on degree 1, 5% on degree 2 and 1% on degree 3
  • BOT 2 tier associates earn 15% on degree 1, 8% on degree 2 and a couple of% on degree 3
  • BOT 3 tier associates earn 20% on degree 1, 10% on degree 2 and three% on degree 3
  • BOT 4 tier associates earn 25% on degree 1, 12% on degree 2 and 4% on degree 3
  • BOT 5 tier associates earn 30% on degree 1, 15% on degree 2 and 5% on degree 3

Becoming a member of iEarnBot

iEarnBot affiliate membership is free.

Full participation within the hooked up MLM alternative requires a minimal 31.99 USDT funding.

After thirty days reinvestment is required to proceed incomes.

iEarnBot Conclusion

iEarnBot is a Ponzi scheme hiding behind a typical buying and selling bot ruse.

What’s the working precept of AI clever quantitative buying and selling robotic?

Related to a sequence of exchanges, and choose the development of varied currencies by the algorithm of the robotic background system, monitor present advertising and marketing situations occasionally.

Purchase or promote associated currencies to make sure that your earnings are maximized.

There isn’t any bot and there’s no buying and selling. All iEarnBot are doing is shuffling newly invested funds to repay present buyers.

If the scammers behind iEarnBot really had a worthwhile buying and selling bot, they’d be quietly working it themselves.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

It will starve iEarnBot of ROI income, finally prompting a collapse.

The maths behind Ponzi schemes ensures that after they collapse, nearly all of members lose cash.