Graham Body has dropped the “assured minimal worth” for his WESA tokens.
Seems manipulating the promote worth for Ponzi tokens solely works if there’s new funding rolling in.
What a shock.
WESA tokens are a part of Body’s We Share Abundance Ponzi scheme.
By means of WSA Body (proper) touts month-to-month returns of fifty%.
Returns had been paid in WESA tokens and cashed out by way of an inner change.
As per an electronic mail despatched out by Body to We Share Abundance traders;
Hello everybody,
I’ve been considering lengthy and exhausting and have determined that we should take away the Assured Minimal Worth (GMV) from the location and make all the pieces linked to Market Worth (MV).
The quantity of hypothesis now available in the market in WESA implies that the market worth is affected by too many individuals merely recycling WESA for income holding the value down and so making the sustainability of a GMV not viable.
It will imply that WESA is free to function as a real market worth token and really enable members to earn extra tokens every month; at the moment 3 occasions as many for a similar rewards.
What Body has successfully introduced is We Share Abundance’s public-exchange exit-scam.
The general public change exit-scam mannequin sees a rip-off shut its inner change or peg buying and selling worth to a public buying and selling worth (token/coin is dumped on a couple of dodgy exchanges).
Buyers are then ultimately compelled to come back to phrases with their being no real interest in their coin/token outdoors of the Ponzi scheme.
Those that settle for this primary money out what they’ll (sometimes early traders and high recruiters), leaving nearly all of associates bagholding one other nugatory Ponzi token.
Body pitching ‘members to earn extra tokens every month; at the moment 3 occasions as many for a similar rewards’, suggests he’s anticipating an preliminary 66% discount in WESA’s post-manipulated inner worth.
WESA token withdrawals will after all stay closely restricted:
Withdrawals from WSA will nonetheless function in the identical method, till better liquidity is constructed, to keep away from flooding the market prematurely.
Body initiating WSA’s public change exit-scam follows two failed makes an attempt to prop up We Share Abundance.
Again in January We Share Abundance launched a “new matrix plan“.
Below the plan WSA associates had been requested to pay $10 a month, $9 of which was used to pay pyramid recruitment commissions. Body stored $1 of each $10 paid in.
Final month Body launched “MultiplyWESA”, a 300% ROI Ponzi cycler (BehindMLM overview pending).
Evidently each of these flopped, and so now we’ve a WESA token withdrawal race to the underside.
Sadly for WSA affiliate traders, Body holds all of the playing cards with respect to who can withdraw what and when.
Replace nineteenth Might 2021 – We Share Abundance has collapsed. Graham Body has introduced a Wesa Coin reboot.