Incufi fails to offer possession or govt data on its web site.
Incufi’s web site area (“holdonfordearlife.io”), was privately registered on Might 4th, 2024.
There are references on Incufi’s web site to “NaN”, “AKITA” and NFTs. This corresponds to Akita Rider.
Akita Rider operates on the area (“akitarider.com”), privately registered on April 14th, 2024.
Like Incufi, Akita Rider fails to offer possession or govt data on its web site.
As all the time, if an MLM firm is just not brazenly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Incufi’s Merchandise
Incufi has no retailable services or products.
Associates are solely capable of market Incufi affiliate membership itself.
Incufi’s Compensation Plan
Incufi gives staking of acquired AKITA tokens (probably NaN additionally), that are tied to funding in Akita Rider NFTs.
Akita Rider NFT funding seems to start out at 100 USDT ($100).
Funding in Akita Rider NFTs is solicited on the promise of marketed passive returns:
- 1 yr funding contract (invested tokens locked for 3 months) = 6% a month
- 2 yr funding contract (invested funds locked for 4 months) = 13% a month
- 3 yr funding contract (invested funds locked for six months) = 20% a month
The MLM aspect of Incufi pays a share of staked AKITA down two ranges of recruitment (unilevel):
- 10% on stage 1
- 5% on stage 2
Though not clarified, I consider staking commissions are paid out in AKITA (doable NaN).
Becoming a member of Incufi
Incufi affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal 100 USDT funding.
Incufi
Maybe essentially the most disturbing side of Incufi and Akita Rider are the folks selling it. In researching this text, the one folks I discovered selling had been middle-aged European males dwelling in south-east Asia.
This alone isn’t an issue however mentioned middle-aged males had been fawning over… *checks notes* AI-generated slop that includes half-naked kids hugging puppies.
I uh, yeah. Look by all means get hyped in regards to the prospect of getting in early and stealing a bunch of cash from braindead morons in yet one more MLM crypto Ponzi – however grown males “loving the standard” of AI-generated half-naked kids is all the time going to be elevate eyebrows.
Additionally what’s the AI immediate path right here? Rip-off Native American tradition with some generic caricature and throw in some puppies?
I suppose it doesn’t matter, the driving the drive behind Incufi is its “staking” Ponzi scheme. Incufi associates are recruited and thru Akita Rider NFTs put money into AKITA tokens.
These tokens are then parked with Incufi on the promise of passive returns, by means of which present buyers hope to money out earlier invested funds.
Akita Rider’s web site additionally references “yield farming” and “lending”. Yield farming is a variation of the staking Ponzi mannequin. The lending ruse goes again to the BitConnect days circa 2017.
In a nutshell, the ruse sees returns generated by lending invested funds to fictional debtors who pay curiosity.
Curiously, all the things aside from investing in NFTs on Akita Rider’s web site is “coming quickly”.
This most likely ties into an exit-scam “referral loophole” uncovered by X-explore final month.
Yesterday, @Phalcon_xyz reported that an unknown contract (0x80df) on BSC drained ~$60K by means of interplay with a contract known as ‘INcufi’.
Our staff carried out a fast analysis and found that the attacker gained revenue by exploiting a loophole within the INcufi contract. Our staff believes that INcufi is expounded to this venture.
The attacker cleverly makes use of the operate: register(deal with referrer). Register is a operate that permits customers to affix given a referrer. The attacker cleverly manipulates this operate by creating a number of contracts which refer to 1 one other.
Therefore, the attacker can refer himself and earn the fee charges from staking.
In INcufi, you may have a most of two referrers who will earn the fee charges. To maximise the revenue, the attacker made the FirstLevel and SecondLevel referrers himself.
The primary referrer will earn 10% of the stake quantity, and the second referrer (the referrer who referred the primary referrer) will earn 5% of the fee charges. Due to this fact, anybody can constantly stake and unstake and get 15% of the reward each single time!
In non-crypto MLM that is known as “stacking”. It’s one thing firm homeowners can rapidly deal with and treatment by means of account termination.
In MLM crypto stacking ends in draining of invested funds, an entire meltdown and public safety bulletin being printed.
Be it a referral exit-scam loophole or inevitable Ponzi math collapsing, investing in Incufi and Akita Riders performs out the identical;
To ensure that a number of folks to make off with invested funds, nearly all of buyers should lose mentioned funds.