EthConnect Scam exposed - Another Ponzi Scheme! | don’t invest
ethconnect provide no information on their website about who owns or runs the business.
The ethconnect website domain (“ethconnect.com”) was registered on 23-june-2017.
“ethconnect” is listed with no owner details , with no address.
they dont have a corporate address .
Whether ethconnect has a physical presence is thus unclear.
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.
ethconnect has no retailable products or services, with affiliates only able to market ethconnect affiliate membership itself.
The ethconnect Compensation Plan
ethconnect affiliates pay whoever is running ethconnect real money in exchange for ethconnect points.
when u get interest in your wallet u cannot withdrawal ur earning amount … it shows (we have received ur request of withdrawal and after that they say try again later)
ethconnect pay referral commissions via a unilevel compensation structure.
ethconnect affiliate membership is free, however affiliates must invest a least $100 to participate in the attached income opportunity.
ethconnect utilizes the “cryptocurrency lending” Ponzi business model.
Under this model affiliate investors invest real money in exchange for worthless points, which hold no value outside of the income opportunity.
ethconnect points are issued by whoever is running ethconnect in exchange for real money.
ethconnect has no real world application or purpose, with its value determined only by the rate of new affiliates investing in ethconnect.
Nonsense. Now matter how scarce a useless resource might be, it’s still useless.
The second point brings us to ethconnect’s fraudulent business model.
ethconnect’s “company valuation” is tied to affiliate investment, which is the only verifiable source of revenue entering the company.
This is basically another way of saying “the more people invest, the more money we have to pay out”.
End result being unless you get in early and are fine with stealing money from people who join after you, as a ethconnect affiliate investor you’re going to lose money.