King Finance gives no data on its web site about who owns or runs the corporate.
King Finance’s web site area (“kingfinance.commerce”) was privately registered on April seventeenth, 2021.
As at all times, if an MLM firm is just not overtly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
King Finance’s Merchandise
King Finance has no retailable services or products, with associates solely capable of market King Finance affiliate membership itself.
King Finance’s Compensation Plan
King Finance associates make investments funds on the promise of marketed returns:
- ETHash – make investments $10 or extra and obtain 2% a day for 3 months
- SHA-256 – make investments $100 or extra and obtain 2.2% a day for 3 months
- Scrypt – make investments $1000 or extra and obtain 2.4% a day for 3 months
- EquiHash make investments $2500 or extra and obtain 2.6% a day for 3 months
Referral Commissions
King Finance pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned straight underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
King Finance caps payable unilevel crew ranges at 4.
Referral commissions are paid out as a share of funds invested throughout these 4 ranges as follows:
- degree 1 (personally recruited associates) – 8%
- degree 2 – 6%
- degree 3 – 4%
- degree 4 – 2%
Becoming a member of King Finance
King Finance affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal $10 funding.
Conclusion
The rumor going round is that King Finance is a reboot of the just lately collapsed WaterMine Ponzi scheme.
I wasn’t capable of verify that isn’t the case. Right here’s what I discovered.
My first port of name was evaluating the HTML source-code behind WaterMine’s and King Finance’s web site.
They’re certainly just about an identical, which means they arrive from the identical supply.
While absent in WaterMine’s source-code, King-Finance’s code has a developer calling-card:
Distinctive HYIP Design sells Ponzi scripts and “HYIP Packages”.
“HYIP” stands for “excessive yield funding program”. That is code for “Ponzi scheme”.
Distinctive HYIP Design sells Ponzi web site templates for $26 to $50.
These have the identical fundamental structure as WaterMine’s and King Finance’s web sites, with some slight design tweaking (e.g. the crypto ticker on the prime).
These tweaks are utilized by means of “unique templates”, at a value of $150.
It’s also possible to purchase a “HYIP script” and run it by yourself server.
What do you get? Theme content material (.zip file).
The best way to set up? Obtain the template .zip file; Add it to your internet hosting/server; Then extract it.
Distinctive HYIP Design bundles its rip-off companies and merchandise as “HYIP Packages”, costing $250 for Normal and $460 for Unique.
These packages include rip-off web site internet hosting, UK incorporation and a UK, Chinese language or Russian verified Good Cash account.
UK incorporation being included is hardly stunning, seeing as UK regulation of incorporation fraud is a joke.
Based mostly on its web site area registration, Distinctive HYIP Design has been flogging rip-off scripts since late 2018.
On its Fb web page Distinctive HYIP Design represents it’s primarily based out of Dubai.
The WhatsApp help quantity offered on Distinctive HYIP Design’s web site nevertheless is a quantity from Bangladesh.
Alexa additionally ranks Bangladesh as the highest supply of site visitors to Distinctive HYIP Design’s web site.
Versus Dubai, whoever is operating Distinctive HYIP Design seems to be primarily based out of Bangladesh.
Of word is Distinctive HYIP Design’s Fb web page belonging to “Mijanur Rahman”.
Notice that given the extent of fraud right here, this might simply as simply be an alias because the individual operating Distinctive HYIP Design.
In any occasion Distinctive HYIP Design is being run by scammers from Bangladesh.
Aside from utilizing their Ponzi script and web site template, I wasn’t capable of set up a hyperlink between King Finance, WaterMine and Distinctive HYIP Design.
These could possibly be Ponzi schemes run by the corporate or simply shoppers. And if they’re shoppers, simply as simply the identical shopper recycling the Ponzi script or two completely different shoppers.
King Finance rising days after WaterMine collapsed suggests the identical scammer(s) is/are behind each.
As for the finer particulars of King Finance’s enterprise mannequin, it’s the same old “bitcoin mining” bullshit.
You hand over your cash, some individuals get payouts after which it’s gone.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.