Beware of Doubly.io scam site. Yes, Doubly.io is a scam because its business model is not legit. We don’t deny that sites like Doubly may pay few members at starting, but they will not pay the majority of members at the end. OK, let’s find out in detail why is Doubly.io a scam, what makes Doubly a scam and what is Doubly.io in real through our Doubly review here.
Doubly.io is a fraudulent website due to the following reasons:-
# Doubly.io is a Ponzi scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the general public to stay out of the Ponzi scheme due to its unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out some few people who promote and support some Ponzi schemes.
# We can say “Doubly” is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay up to 4.5% daily profit for 44 work days, means 200% return in 44 days by using the money of members in a stock market trading by using AI Trading Bot which captures the best investment opportunities in the cryptocurrency market. However, it says it is investing in stock market trading but at the same time, it says its AI Trading Bot is for cryptocurrency market. So, its own statements conflict with each other. On top of that, it fails to provide the proof to support its claim which proves it doesn’t have any real source of income and only can pay members by routing the money between the members which is not a sustainable business.
# Why any company will pay up to 4.5% daily for 44 days to collect the investment to invest in a stock market when they can simply take a loan from a bank around 1% monthly interest rate to invest in their project. So, like other Ponzi schemes, Doubly.io also doesn’t pass this logic test and prove itself to be a Ponzi scheme.
# All the Ponzi schemes like Doubly.io trick people by showing the real payment proofs because they pay few members selectively by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. However, it is practically not possible to pay all members in that way because when they pay one member, they need to use the money invested by at least other two members so that they can pay the principle and profit to that one member. But, whenever they pay members in that way, they will create a debt equal to the amount of profit that they use to pay the members. So, even Ponzi schemes like Doubly.io want to pay all members they can’t because day by day the debt will be kept on increasing and they will not have enough fund to pay all members. That’s why Ponzi schemes like “Doubly” are illegal schemes.
# Doubly.io has tried to trick people by showing the company’s registration document registered from the UK Companies House in the name of Doubly LTD. But, don’t fall for that trick. Lots of Ponzi schemes in the past had already turned into scams which were registered from the UK Companies House. Actually, it is very easy to register a company in the UK Companies House by providing the virtual address which you can rent from the virtual address provider services as well as by providing the third person identities. Even you can register a company in the UK Companies House without a big hassle. On top of that, such kind of registration is not the license to run an investment company like Doubly LTD, but just a registration for the tax purpose.
Now you know that Doubly is a Ponzi scheme. So, Doubly is a scam. That’s why we have listed Doubly within our “Scams” category.
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