GoldenWarehouse fails to provide ownership or executive information on its website.
GoldenWarehouse’s website domain (“goldenwarehouse888.com”), was privately registered on March 22nd, 2024.
If we look at GoldenWarehouse’s website source-code, we find the local language is set to Chinese:
This suggests whoever is running GoldenWarehouse has ties to China.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
GoldenWarehouse’s Products
GoldenWarehouse has no retailable products or services.
Affiliates are only able to market GoldenWarehouse affiliate membership itself.
GoldenWarehouse’s Compensation Plan
GoldenWarehouse affiliates invest tether (USDT). This is done on the promise of advertised returns:
- L1 – invest 10 to 49 USDT and receive 2.5% a day
- L2 – invest 50 to 199 USDT and receive 3.5% a day
- L3 – invest 200 to 999 USDT and receive 4% a day
- L4 – invest 1000 USDT or more and receive 5% a day
Note that GoldenWarehouse also offers what they call “fixed investment”, starting from 10 USDT:
- don’t withdraw for 7 days and receive a 40% ROI
- don’t withdraw for 15 days and receive a 100% ROI
- don’t withdraw for 30 days and receive a 250% ROI
GoldenWarehouse pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 10%
- level 2 – 5%
- level 3 – 2%
Reinvestment by personally recruited affiliates is paid as 5% of the reinvested amount (min 50 USDT).
Joining GoldenWarehouse
GoldenWarehouse affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 50 USDT investment.
GoldenWarehouse Conclusion
GoldenWarehouse is yet another “click a button” app Ponzi scheme.
GoldenWarehouse’s “click a button” Ponzi ruse is placing fictional orders with online retailers.
Broken down, GoldenWarehouse’s ruse sees affiliates log in and click a button once a day to qualify for the daily ROI.
This button clicking purportedly generates revenue via orders placed with online retailers. GoldenWarehouse receives a commission from the orders, which it then shares with affiliates.
If that makes no sense it’s because it doesn’t. Randoms clicking a button in an app doesn’t equate to genuine customer orders placed with online retailers.
In reality clicking a button inside GoldenWarehouse does nothing. All GoldenWarehouse does is recycle newly invested funds to pay earlier investors.
Examples of already collapsed “click a button” app Ponzis using the same ecommerce ruse are DurexVIP, JBL Mall and PEC.
Including GoldenWarehouse, BehindMLM has thus far documented over a hundred “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.
“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).
The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.