Earnonsports .com Scam Or Genuine? Earnonsports Review
If you are searching for information on whether is an Earnonsports .com scam or a reliable company, then you have come to the right place. Our in-depth EarnOnSports review will furnish you with all the necessary facts to assist you in deciding whether or not the website is trustworthy.
Safety Index:
Safety Index for Earnonsports .com: 15/100 (illegal Ponzi Scheme)
Earnonsports .com Website Highlights:
- Domain Name: Earnonsports .com
- Website Name: EarnOnSports
- Website Claims: High rate of return and 3 levels affiliate program
- Schemes: 12% daily for 12 days
EarnOnSports Review – Pros and Cons To Identify Either Is Earnonsports .com Scam or Genuine:
Pros:
- Hypertext Transfer Protocol Secure (HTTPS) protocol can be found on its website.
- Its website name match with its domain name.
Cons (Drawbacks and Complaints):
- It is a Ponzi Scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the 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 it is a Ponzi scheme because it doesn’t have any real source of income to pay profit to its members. It claims to pay unrealistic rate of return on the investment amount of members such as, 12% daily for 12 days, but fails to provide the proof of its income source.
- All the Ponzi schemes like EarnOnSports trick people by showing the real payment proofs because they pay few members at starting by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. It is practically not possible to pay all members in a Ponzi Scheme.
- These kinds of Ponzi Schemes will try to trick people by showing the company’s registration document registered from the United Kingdom or Hong Kong. But, don’t fall on that trick. Such kind of registration is not the license to run an investment company like this one, but just a registration for the tax purpose. In the past, lots of businesses with such company registration had been already turned into scam.
- Its business strategy match with multiple scam sites such as Smartbitbulls, Rubinminer, Bafior, etc.
- It also operates another illegal scheme known as a Pyramid scheme because any company which pays the referral commission up to a multi-level downline without selling any real products or services is known as a Pyramid scheme. It is claiming to pay referral commission up to 3 levels downline but without selling any real products or services, just on the sales of its Ponzi ROI plans. So, this makes it a Pyramid scheme as well.
Our Final Verdict:
Based on the aforementioned facts, now it is clear that EarnOnSports is an illegal scheme. So, it is a fraudulent business.
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FAQs:
Is EarnOnSports a safe platform to invest in?
No, EarnOnSports is not a secure platform for investment. It is categorized as a Ponzi scheme scam, which poses a significant risk of financial loss. Authorities have issued warnings urging the public to avoid Ponzi schemes due to their unsustainable nature.
What is a Ponzi Scheme?
A Ponzi scheme is like a fancy trick where someone promises you big profits for investing your money. They say you'll get rich quick! But here's the catch: they don't actually make money through any real business. Instead, they use the money from new people joining the scheme to pay off the earlier investors. So, it keeps going as long as new people keep joining. But when no one new comes in, everything falls apart, and most people end up losing their money. If you want to find out in detail what is Ponzi Scheme and how is it operated, then you can click this link: https://de-reviews.com/ponzi-scheme/
What is a Pyramid Scheme?
Imagine a pyramid-shaped building, where the people at the top recruit more people below them, and those people recruit even more people below them. Each person has to pay money to the person who recruited them. The ones at the top make lots of money because they get a share from everyone below. But the problem is that there's no real product or service being sold. It's all about recruiting more people and getting their money. Eventually, the pyramid gets too big, and there aren't enough new recruits to sustain it. Then, the whole thing collapses, and most people end up losing their money.
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