SunSolar fails to offer firm possession or government info on its web site.
SunSolar’s web site area (“sunsolar.one”), was privately registered on April twentieth, 2022.
Of observe is SimilarWeb monitoring over 4 million SunSolar web site visits in August 2022:
The vast majority of these visits originate out of Nigeria (75%). Neighbouring Benin is the one different vital supply of SunSolar visitors (23%).
As at all times, if an MLM firm isn’t overtly upfront about who’s working or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
SunSolar’s Merchandise
SunSolar has no retailable services or products.
Associates are solely in a position to market SunSolar affiliate membership itself.
SunSolar’s Compensation Plan
SunSolar associates make investments Nigerian Naira on the promise of hourly returns:
- Cheetah HC 60M – make investments ₦4000 and obtain ₦11.5 an hour
- Cheetah HC 72M – make investments ₦10,000 and obtain ₦12.3 an hour
- Tiger Bifacial – make investments ₦30,000 and obtain ₦36.8 an hour
- Tiger Monofacial – make investments ₦90,000 and obtain ₦117 an hour
- Tiger Professional 72HC Bifacial – make investments ₦200,000 and obtain ₦285 an hour
- Tiger Professional 72HC Monofacial – make investments ₦500,000 and obtain ₦772 an hour
- Tiger Neo 60HC – make investments ₦800,000 and obtain ₦1350 an hour
Observe that regardless of the funding tiers having photo voltaic tools names, SunSolar funding has nothing to do with photo voltaic tools.
Observe that SunSolar costs a 20% charge on all withdrawals.
The MLM aspect of SunSolar pays on recruitment of affiliate traders.
Referral Commissions
SunSolar pays referral commissions on invested naira down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 5%
- stage 2 – 2%
- stage 3 – 1%
Recruitment Fee
SunSolar associates obtain a ₦30 fee per affiliate they recruit who invests.
Recruitment Bonuses
SunSolar associates obtain a bonus in the event that they meet the next recruitment standards:
- recruit 1 affiliate and obtain ₦200
- recruit 3 associates and obtain ₦600
- recruit 10 associates and obtain ₦2000
- recruit 50 associates and obtain ₦15,000
- recruit 100 associates and obtain ₦30,000
- recruit 200 associates and obtain ₦80,000
- recruit 500 associates and obtain ₦200,000
- recruit 1000 associates and obtain ₦500,000
- recruit 2000 associates and obtain ₦1,000,000
- recruit 5000 associates and obtain ₦5,000,000
Becoming a member of SunSolar
SunSolar affiliate membership is free.
Full participation within the connected revenue alternative requires funding in Nigerian naira.
SunSolar solicits funding in naira via OnePay.
Conclusion
SunSolar is one more “click on a button” app Ponzi scheme.
SunSolar differs from common “click on a button” Ponzis for 2 distinct causes:
Firstly as an alternative of providing a direct obtain, SunSolar has gotten an app on Google Play Retailer underneath “sunsloar”:
To this point Google Play Retailer has recorded over 50,000 downloads of SunSolar’s Ponzi app.
Second is the photo voltaic themed ruse. That is the primary time I’ve seen a photo voltaic themed “click on a button” Ponzi.
The ruse behind SunSolar is producing solar energy equates to an hourly return.
To that finish I consider affiliate investor must “click on a button” each hour to qualify for returns.
This is similar “click on a button” enterprise mannequin all these rip-off apps use.
Clicking a button doesn’t generate income. All SunSolar are doing is shuffling round newly invested funds to pay present traders.
SunSolar is a part of a bunch of “click on a button” app Ponzis which have emerged since late 2021.
Together with SunSolar, BehindMLM has so far documented thirty-nine “click on a button” app Ponzis. Most of them final just a few weeks to a couple months earlier than collapsing.
The identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.