[SCAM] iBid Ponzi Scheme - page 2. | Bitcointalksearch.org

aioc

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Quote from: sujonali1819 on July 21, 2020, 07:20:24 AM

I can not understand actually the business plan according to Op screenshots. Than means if anybody join the platform under me then I will get 40% (bronze pack) then how I get the bonus if my referral does not make any investment?

Again it seems to me that I will buy the pack, then refer someone and when the user will buy any pack I will get the bonus? It looks like pyramid schemes, does not it? That means they take money from me, then they take money from my referral and pay me. One day they will away with all the money from the investors. Very risky investment plan Imo. We should aware of it.

You cannot get referral rewards for just referring, your referrals should invest because that's how a Ponzi scheme works, there should be money coming in so those who are in the upper level can cash out if no money is coming in, then it's the end of the road for the program, everyone is obliged to refer and invest.

sujonali1819

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I can not understand actually the business plan according to Op screenshots. Than means if anybody join the platform under me then I will get 40% (bronze pack) then how I get the bonus if my referral does not make any investment?

Again it seems to me that I will buy the pack, then refer someone and when the user will buy any pack I will get the bonus? It looks like pyramid schemes, does not it? That means they take money from me, then they take money from my referral and pay me. One day they will away with all the money from the investors. Very risky investment plan Imo. We should aware of it.

Bthd

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Chancellor on Brink of Second Bailout for Banks

Quote from: examplens on July 21, 2020, 02:09:28 AM

Guaranteed revenue is for the referral program.

Referral programs and ponzi schemes has some similar properties. If you have to pay big budgets for a "referral" program and system pays backs with small percentages in a pyramid, it means this is not a referral program.

Quote

there is nothing strange here because almost all (high trusted) services use this method to motivate people to spread the story and find new users.

I'm not sure you understood the differences. (Referral campaigns / Ponzi systems)

Money machine with referral ? What is the connection with their job (auction) ?

examplens

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Quote from: cheezcarls on July 21, 2020, 01:41:34 AM

It is purely scam because of guaranteed revenues due to the "packages" offered and no team behind this scheme. Plus, it's an MLM scheme using crypto as "front". Definitely not worth participating in their bounty program.

Sad to say that bounty hunters are attracted to the reward pool of $30,000 USDT without even knowing what they promote is purely scammish. I would highly suggest to stay away from their project, as well as participating in their bounty program. To the bounty hunters who have participated, I'm sorry to say that you have wasted your time and effort in promoting this scam opportunity.

I'm not sure you understood well what this is about.
Guaranteed revenue is for the referral program. there is nothing strange here because almost all (high trusted) services use this method to motivate people to spread the story and find new users.
if I understood correctly, this is an auction website, I don't see a direct connection with any suspicious investment activity.
From some unknown reason, the website creator/owner predominantly stressed affiliate program, so the basic idea of business is unclear.

It's just mu opinion, and how I saw it.

User Exidous opened this bounty thread, anyone pointed them to this accusation? maybe he can give us some explanations.

cheezcarls

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Quote from: Bthd on July 16, 2020, 07:57:16 AM

What happened: Ponzi scheme (guaranteeing revenue, no team info, user levels ...)

Bounty: https://bitcointalksearch.org/topic/bounty-10000-usdtibidtowindecentralized-ascending-auctions-on-blockchain-5259948 (it is also self moderate)

Website: https://www.ibidtowin.co/ (Expires On 2021-06-14 https://who.is/whois/ibidtowin.co)
Archived: http://archive.is/7rwNk

Proofs:

It is purely scam because of guaranteed revenues due to the "packages" offered and no team behind this scheme. Plus, it's an MLM scheme using crypto as "front". Definitely not worth participating in their bounty program.

Sad to say that bounty hunters are attracted to the reward pool of $30,000 USDT without even knowing what they promote is purely scammish. I would highly suggest to stay away from their project, as well as participating in their bounty program. To the bounty hunters who have participated, I'm sorry to say that you have wasted your time and effort in promoting this scam opportunity.

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Quote from: Princejebs on July 18, 2020, 12:39:43 PM

I don't know much but I was going through their website where a link shows to get their App on Google play store but I was redirect to download the App directly on clicked Link, this may be harm to Device.
Link below==>
http://imgur.com/gallery/AgxxUZh
https://android.ibidtowin.com/
I also searched for the App on playstore / Google play store but its not available.

Its always risky to download apps from untrusted sources. Usually this kinda websites use playstore and IOS app icons on their frontend but actually it will not redirect you there. Its just a common trick by which they want to make their visitors believe that their app is listed on google playstore.

Don't click on something like this before searching the name on playstore.

Princejebs

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I don't know much but I was going through their website where a link shows to get their App on Google play store but I was redirect to download the App directly on clicked Link, this may be harm to Device.
Link below==>
http://imgur.com/gallery/AgxxUZh
https://android.ibidtowin.com/
I also searched for the App on playstore / Google play store but its not available.

Bthd

legendary

Activity: 2352

Merit: 2592

Chancellor on Brink of Second Bailout for Banks

What happened: Ponzi scheme (guaranteeing revenue, no team info, user levels ...)

Bounty: https://bitcointalksearch.org/topic/bounty-10000-usdtibidtowindecentralized-ascending-auctions-on-blockchain-5259948 (it is also self moderate)

Website: https://www.ibidtowin.co/ (Expires On 2021-06-14 https://who.is/whois/ibidtowin.co)
Archived: http://archive.is/7rwNk

Proofs:

Topic: [SCAM] iBid Ponzi Scheme - page 2. (Read 599 times)