The Shared989 “click on a button” app Ponzi scheme has collapsed.
At time of publication Shared989’s web site is offline.
From what I’ve been capable of piece collectively, Shared989 collapsed someday prior to now few days.
It was one other “click on a button” app Ponzi, which I hadn’t obtained round to reviewing but.
Shared989 Associates invested tether (USDT) throughout 5 VIP tiers:
- VIP0 – join and obtain 3 USDT a day, capped at 20 USDT
- VIP1 – make investments 100 USDT and obtain 3.6 USDT a day, capped at 108 USDT a month
- VIP2 – make investments 300 USDT and obtain 11.2 USDT a day, capped at 336 USDT a month
- VIP3 – make investments 600 USDT and obtain 23.8 USDT a day, capped at 714 USDT a month
- VIP4 – make investments 1000 USDT and obtain 41.8 USDT a day, capped at 1254 USDT a month
- VIP5 – make investments 3000 USDT and obtain 132 USDT a day, capped at 3960 USDT a month
To qualify for returns, Shared989 associates needed to a click on a button every day. The extra an affiliate invests, the extra instances they needed to click on a button every day.
Shared989 represented clicking a button generated a YouTube like:
The Ponzi ruse being this magically transformed into exterior income to pay returns with.
Clearly that was baloney. All Shared989 was doing was recycling invested funds.
The MLM aspect of Shared989 paid commissions on funding, through a unilevel compensation construction:
- degree 1 (personally recruited associates) – 15%
- degree 2 – 5%
Funding was required to earn MLM commissions. VIP0 tier associates didn’t qualify.
SimilarWeb estimates the vast majority of visitors to Shared989’s web site originated out of Iran (35%), Sweden (29%), Iraq (21%) and the Netherlands (6%).
It seems Shared989’s admins exit-scammed on the peak of investor recruitment:
Shared989 is a part of a gaggle of “click on a button” app Ponzis launched over the previous few months.
To date BehindMLM has documented:
- COTP – pretended associates clicking a button generated buying and selling exercise, collapsed Could 2022
- EthTRX is an analogous app-based Ponzi, with the every day activity element disabled
- Yu Klik – pretends clicking a button generates buying and selling exercise, concentrating on Indonesia
- KKBT – pretended clicking a button generates crypto mining income, focused South Africa and India & collapsed early June 2022
- EasyTask 888 – pretends clicking a button was tied to social media manipulation (YouTube likes and so forth.), targets Colombia
- DF Finance – pretended clicking a button generated “buy knowledge” which was offered to ecommerce platforms, collapsed June 2022
There are extra of those scams round that I haven’t obtained to but.
All of the current app-based activity Ponzis seem like launched by the identical group of scammers.
Based mostly on using simplified Chinese language, I believe the group are working out of China or Singapore.