Wetify fails to offer possession or govt info on its web site.
Wetify operates from two identified web site domains:
- wetify.internet (app) – privately registered on October 4th, 2023
- wetify.com (fintech template advertising web site) – privately registered on Might twenty second, 2023
If we click on on the help part of Wetify’s web site, we be taught it runs on the Meiqia platform.
Meiqia is a Chinese language software program firm based mostly out of Beijing. This means whoever is operating Wetify has ties to China.
As all the time, if an MLM firm will not be brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Wetify’s Merchandise
Wetify has no retailable services or products.
Associates are solely capable of market Wetify affiliate membership itself.
Wetify’s Compensation Plan
Wetify associates make investments 30 USDT or extra on the promise of a passive return.
Wetify pays referral commissions on invested USDT down three ranges of recruitment (unilevel):
Notice that Wetify doesn’t publicly disclose particular referral fee charges throughout the three ranges.
Becoming a member of Wetify
Wetify affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal 30 USDT funding.
Wetify Conclusion
Wetify is one more “click on a button” app Ponzi scheme.
Wetify’s “click on a button” Ponzi ruse is quantitative buying and selling:
The introduced ruse is Wetify associates log in and click on a button (the extra invested the extra the button must be clicked).
Clicking the button purportedly generates income through quantitative buying and selling, which for some motive Wetify shares a proportion of with affiliate buyers.
If that is not sensible it’s as a result of it doesn’t. Randoms clicking a button in an app doesn’t set off quantitative buying and selling.
In actuality clicking a button inside Wetify does nothing. All Wetify does is recycle newly invested funds to pay earlier buyers.
Wetify is a part of a gaggle of “click on a button” app Ponzis which have emerged since late 2021.
Examples of already collapsed “click on a button” app Ponzis utilizing the identical quantitative buying and selling ruse embrace GSTAIQ, Dusery and edX AI.
Together with Wetify, BehindMLM has to date documented over 100 “click on a button” app Ponzis. Most of them final just a few weeks to some months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving nearly all of buyers with a loss (inevitable Ponzi math).
The identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.