Lower than two months in Sam Lee’s VidiLook Ponzi has slashed returns by 40%.
Via what’s being dubbed a “VDL Coin Doubling Plan”, VidiLook has locked current VDL Coin balances – successfully stopping associates from cashing out.
For these unfamiliar with VidiLook’s authentic Ponzi mannequin:
- associates make investments tether on the promise of a 3% a day ROI
- to qualify for every day returns, VidiLook associates should watch equipped advertisements
- returns are paid in VDL Coin, which is nugatory outdoors of VidiLook
As per VidiLook’s new VDL Coin Doubling Plan, solely 60% of beforehand out there every day returns shall be paid out as earlier than.
Step one in launching the VDL Coin Doubling Plan is doubling investor VDL Coin balances.
If you happen to at present maintain 10,000 VDL cash, you’ll instantly obtain 20,000 VDL cash.
To cease traders cashing out and inflicting VidiLook’s inevitable collapse sooner, all VDL Coin balances will then be locked in a “POS pool”.
VDL Cash locked within the POS pool pay out 2% a day for “at the least 52 occasions in 200 days”. This involves a 2% ROI paid out each 3.84 days on common.
VDL Cash locked within the POS pool and the two% a day ROI are auto-compounded for at the least 200 days.
Sans blockchain bro nonsense:
- every day “watch advertisements” process returns dropped by 40%
- current VDL Coin balances doubled
- after doubling, all VDL Cash held by traders locked in a brand new funding pool
- new funding pool pays out 2% a day each 3 to 4 days over a complete of 200 days
- VDL Cash despatched to the funding pool are locked for at the least 200 days
To additional prohibit affiliate withdrawals, VidiLook has additionally launched a VDL Promoter Safety Plan.
The VDL Promoter Safety Plan penalizes new affiliate traders who don’t recruit.
- if a brand new VidiLook affiliate indicators up and, inside their first 7 days, both doesn’t recruit or recruits one affiliate who invests lower than 150 USDT, their every day “watch advertisements” process ROI is slashed by an extra 50% (that is 50% off the already diminished 60% quantity)
- if a brand new VidiLook affiliate indicators up and, inside their first 21 days, has solely recruited two or much less associates who collectively have invested 150 USDT or much less, their every day “watch advertisements” process ROI is slashed by one other 50% (50% of the already diminished 50% of the already diminished 60% quantity)
- if a brand new VidiLook affiliate indicators up and, inside their first 28 days, has solely recruited three of much less associates who collectively have invested 450 USDT or much less, their every day “watch advertisements” process ROI is slashed by one other 50% (50% of the already diminished 50% of the already diminished 50% of the already diminished 60% quantity)
To summarize;
- every day returns are slashed and already accrued VDL Cash are locked as much as stop withdrawing;
- VidiLook traders should recruit at the least three associates who’ve collectively invested at the least 450 USDT; and
- new VidiLook traders who don’t recruit are screwed.
Via decreasing returns, locking up accrued VDL Cash and screwing over new traders, VidiLook claims it would “enable all members of the group to achieve wealth freedom extra rapidly.”
The take-away from a due-diligence perspective is, if VidiLook was funding VDL Coin withdrawals by way of promoting as claimed, it wouldn’t must lock up VDL Cash and penalize traders who don’t recruit.
As with all Ponzi schemes, VidiLook can solely pay out so long as new funding trickles in.
In its first month, SimilarWeb tracked ~116,000 visits to VidiLook’s web site. Granted we received’t have figures for April until subsequent month, VidiLook will want a ton extra traders to maintain 3% a day.
Even with the obligatory 200 day lock, what has been invested remains to be going to be drained by high recruiters in addition to VidiLook proprietor Sam Lee and pals.
VidiLook is a part of Sam Lee’s comparatively new StableDAO group of Ponzi schemes.
Lee runs VidiLook and StableDAO from Dubai, the MLM crime capital of the world.
SimilarWeb at present tracks nearly all of VidiLook web site visits from the US.
The majority of VidiLook traders are believed to be victims from Sam Lee’s earlier Hyper* Ponzi schemes; HyperCash, HyperCapital, HyperFund, Hyperverse, HyperOne and HyperNation.