Boris CEO MLM crypto Ponzi

/ Frauds, MLM Reviews / By


TetherScan fails to offer verifiable possession or government data on its web site.

TetherScan is purportedly headed up by “Lu Shengli”, who options in TetherScan’s advertising movies:

Curiously, TetherScan’s advertising movies function Shengli as CEO of USDTScan.

TetherScan’s web site area (“tetherscan.org”), was privately registered on December thirty first, 2023.

USDTScan has its personal web site up at “usdtscan.com”, privately registered in October 2022.

Of further word is TetherScan’s web site being a clone of USDTScan:

Placing all of this collectively, we will confirm that USDTScan launched earlier than TetherScan. Whoever is operating each schemes is recycling USDTScan materials to market TetherScan.

Between each schemes, Lu Shengli doesn’t exist exterior of USDTScan’s or TetherScan’s advertising. This makes him a chief Boris CEO candidate.

Russians and/or Ukrainians are sometimes behind Boris CEO schemes. That’s actors used to characterize fictional executives.

Additional supporting that is Ukrainian in USDTScan’s web site source-code:

Though TetherScan is a clone of USDTScan’s web site, this Ukrainian phrase has been scrubbed from TetherScan’s web site source-code.

As all the time, if an MLM firm is just not brazenly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.

TetherScan’s Merchandise

TetherScan has no retailable services or products.

Associates are solely in a position to market TetherScan affiliate membership itself.

TetherScan’s Compensation Plan

TetherScan associates primarily make investments tether (USDT). That is accomplished on the promise of marketed passive returns:

  • make investments as much as 1000 USDT and obtain 0.04% 0.55% a day for 120 days
  • make investments 1000 TRX to 9999 USDT and obtain 0.08% to 0.75% a day for 90 days
  • make investments 10,000 TRX to 99,999 USDT and obtain 0.13% to 0.95% a day for 60 days
  • make investments 100,000 USDT or extra and obtain 0.2% to 1.15% a day for 30 days

TetherScan additionally affords passive returns funding alternatives in different cryptocurrencies:

  • ethereum versatile – make investments 0.1 ETH or extra and obtain 0.1% to 0.3% a day
  • ethereum mounted – make investments 0.05 ETH or extra and obtain 0.4% to 0.7% a day (ETH locked for 30 days)
  • bitcoin versatile – make investments 0.005 BTC or extra and obtain 0.15% to 0.25% a day
  • bitcoin mounted – make investments 0.0025 BTC or extra and obtain 0.45% to 0.65% a day (BTC locked for 30 days)
  • binance coin versatile – make investments 1 BNB or extra and obtain 0.15% to 0.25% a day
  • binance coin mounted – make investments 0.5 BNB or extra and obtain 0.3% to 0.6% a day (BNB locked for 30 days)
  • polygon versatile – make investments 250 MATIC or extra and obtain 0.1% to 0.3% a day
  • polygon mounted – make investments 100 MATIC or extra and obtain 0.25% to 0.65% a day (BNB locked for 30 days)

The MLM aspect of TetherScan pays on recruitment of affiliate buyers.

TetherScan Affiliate Ranks

There are fifteen affiliate ranks inside TetherScan’s compensation plan.

Together with their respective qualification standards, they’re as follows:

  1. Affiliate – join as a TetherScan affiliate and recruit a minimum of one affiliate investor
  2. 1 Star – make investments 45 USDT, recruit two Associates or larger and generate 250 USDT in downline funding quantity
  3. 2 Star – make investments 100 USDT, preserve two Associates or larger and generate 1000 USDT in downline funding quantity (a minimum of 500 USDT from personally recruited associates)
  4. 3 Star – make investments 250 USDT, recruit three Associates or larger and generate 5000 USDT in downline funding quantity (a minimum of 1000 USDT from personally recruited associates)
  5. 4 Star – make investments 500 USDT, recruit 4 Associates or larger and generate 10,000 USDT in downline funding quantity (a minimum of 2000 USDT from personally recruited associates)
  6. 5 Star – make investments 1000 USDT, recruit 5 Associates or larger and generate 25,000 USDT in downline funding quantity (a minimum of 4000 USDT from personally recruited associates)
  7. 6 Star – make investments 2000 USDT, recruit six Associates or larger and generate 50,000 USDT in downline funding quantity (a minimum of 6000 USDT from personally recruited associates)
  8. 7 Star – make investments 4000 USDT, recruit seven Associates or larger and generate 100,000 USDT in downline funding quantity (a minimum of 10,000 USDT from personally recruited associates)
  9. 8 Star – make investments 8000 USDT, recruit eight Associates or larger and generate 200,000 USDT in downline funding quantity (a minimum of 18,000 USDT from personally recruited associates)
  10. 9 Star – make investments 15,000 USDT, recruit 9 Associates or larger and generate 500,000 USDT in downline funding quantity (a minimum of 40,000 USDT from personally recruited associates)
  11. 10 Star – make investments 25,000 USDT, recruit ten Associates or larger and generate 1,000,000 USDT in downline funding quantity (a minimum of 70,000 USDT from personally recruited associates)
  12. Yellow Star – make investments 35,000 USDT, recruit twelve Associates or larger and generate 2,500,000 USDT in downline funding quantity (a minimum of 150,000 USDT from personally recruited associates)
  13. Silver Star – make investments 50,000 USDT, recruit fifteen Associates or larger and generate 5,000,000 USDT in downline funding quantity (a minimum of 250,000 USDT from personally recruited associates)
  14. Inexperienced Star – make investments 75,000 USDT, recruit eighteen Associates or larger and generate 7,500,000 USDT in downline funding quantity (a minimum of 300,000 USDT from personally recruited associates)
  15. Blue Star – make investments 100,000 USDT, recruit twenty Associates or larger and generate 15,000,000 USDT in downline funding quantity (a minimum of 450,000 USDT from personally recruited associates)

Referral Commissions

TetherScan pays referral commissions on invested USDT down three ranges of recruitment (unilevel):

  • Associates by way of 3 Stars earn 5% on stage 1 (personally recruited associates)
  • 4 Stars and 5 Stars earn 6% on stage 1 and a couple of% on stage 2
  • 6 Stars to eight Stars earn 7% on stage 1, 3% on stage 2 and 1% on stage 3
  • 9 Stars and 10 Stars earn 8% on stage 1, 4% on stage 2 and a couple of% on stage 3
  • Yellow Stars and Silver Stars earn 10% on stage 1, 5% on stage 2 and three% on stage 3
  • Inexperienced Stars earn 12% on stage 1, 8% on stage 2 and 4% on stage 3
  • Blue Stars earn 15% on stage 1, 8% on stage 2 and 5% on stage 3

ROI Increase

TetherScan provides a multiplier to each day returns paid to ranked associates.

  • 1 Stars obtain a 1.05x ROI price
  • 2 Stars obtain a 1.1x ROI price
  • 3 Stars obtain a 1.15x ROI price
  • 4 Stars obtain a 1.2x ROI price
  • 5 Stars obtain a 1.25x ROI price
  • 6 Stars obtain a 1.3x ROI price
  • 7 Stars obtain a 1.35x ROI price
  • 8 Stars obtain a 1.4x ROI price
  • 9 Stars obtain a 1.45x ROI price
  • 10 Stars obtain a 1.5x ROI price
  • Yellow Stars obtain a 1.6x ROI price
  • Silver Stars obtain a 1.7x ROI price
  • Inexperienced Stars obtain a 1.85x ROI price
  • Blue Stars obtain a 2x ROI price

Rank Achievement Bonus

TetherScan rewards associates for qualifying at 1 Star and better with the next one-time Rank Achievement Bonuses:

  • qualify at 1 Star and obtain 50 USDT
  • qualify at 2 Star and obtain 200 USDT
  • qualify at 3 Star and obtain 400 USDT
  • qualify at 4 Star and obtain 750 USDT
  • qualify at 5 Star and obtain 1500 USDT
  • qualify at 6 Star and obtain 2500 USDT
  • qualify at 7 Star and obtain 4000 USDT
  • qualify at 8 Star and obtain 9000 USDT
  • qualify at 9 Star and obtain 15,000 USDT
  • qualify at 10 Star and obtain 25,000 USDT
  • qualify at Yellow Star and obtain 50,000 USDT
  • qualify at Silver Star and obtain 75,000 USDT
  • qualify at Inexperienced Star and obtain 150,000 USDT plus an “emerald star”
  • qualify at Blue Star and obtain 250,000 UST plus a “diamond star”

TetherScan’s compensation documentation states “emerald star” and “diamond star” corresponds with a “shopping for alternative of 3ct Star Minimize Gem for a value of 1 USDT”.

Becoming a member of TetherScan

TetherScan affiliate membership is free.

Full participation within the connected revenue alternative requires a minimal

  • 1 USDT funding
  • 0.05 ETH funding
  • 0.005 BTC funding
  • 0.5 BNB funding or
  • 100 MATIC funding

TetherScan Conclusion

TetherScan runs a basic “staking” ruse Ponzi scheme.

The ruse behind TetherScan’s “staking” scheme is “liquidity swimming pools”. That is crypto jargon that doesn’t really clarify how exterior income is generated.

Because it stands, the one verifiable income coming into TetherScan is new funding.

Utilizing new funding to pay affiliate withdrawals would make TetherScan a Ponzi scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This may starve TetherScan of ROI income, ultimately prompting a collapse.

The maths behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.

Given TetherScan is a reboot of USDTScan, a collapse seems to have already occurred as soon as.