FiroCloud, aka FiroPOW, fails to offer possession or govt info on its web site.
FiroCloud’s web site area (“firopow.com”), was privately registered on October seventh, 2024.
If we take a look at the source-code of FiroCloud’s web site, we discover Chinese language:
This means whoever is operating FiroCloud has ties to China.
As at all times, if an MLM firm is just not brazenly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
FiroCloud’s Merchandise
FiroCloud has no retailable services or products.
Associates are solely in a position to market FiroCloud affiliate membership itself.
FiroCloud’s Compensation Plan
FiroCloud associates make investments tether (USDT). That is performed on the promise of marketed returns:
- FiroCloud HZ Professional 1 – make investments 10 USDT and obtain 1 USDT a day
- FiroCloud HZ Professional 2 – make investments 30 USDT and obtain 3 USDT a day
- FiroCloud HZ Professional 3 – make investments 60 USDT and obtain 6 USDT a day
- FiroCloud HZ Professional 4 – make investments 100 USDT and obtain 10 USDT a day
- FiroCloud HZ Professional 5 – make investments 150 USDT and obtain 15 USDT a day
- FiroCloud RS Final 2 – make investments 180 USDT and obtain 18 USDT a day
- FiroCloud IC Professional+2 – make investments 380 USDT and obtain 38 USDT a day
- FiroCloud GE Max1 – make investments 820 USDT and obtain 82 USDT a day
FiroCloud pays referral commissions down three ranges of recruitment (unilevel):
Particular referral fee charges usually are not publicly disclosed.
Becoming a member of FiroCloud
FiroCloud affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal 10 USDT funding.
Notice that FiroCloud is concentrating on the Philippines. To that finish FiroCloud additionally solicits funding in Philippine Pesos (PHP).
PHP investments into FiroCloud are made by GCash, an area cell fee service owned by Globe Fintech Improvements (dba Mynt).
FiroCloud Conclusion
FiroCloud is one more “click on a button” app Ponzi scheme.
FiroCloud’s “click on a button” Ponzi ruse is crypto mining:
The offered ruse is FiroCloud associates buy a digital mining machine. They then log in and click on a button to obtain mining income (the extra invested the extra buttons must be clicked).
FiroCloud’s cloud mining operations purportedly generate income, which is then shared with associates.
If that is not sensible it’s as a result of it doesn’t. If FiroCloud already has crypto mining operations arrange, what do they want your cash for?
In actuality clicking a button in FiroCloud’s app does nothing. All FiroCloud does is recycle newly invested funds to pay earlier buyers.
FiroCloud is a part of a bunch of “click on a button” app Ponzis that emerged in late 2021.
Examples of already collapsed “click on a button” app Ponzis utilizing the identical cloud mining ruse embody Sky TRX, ZokoCloud and TronCoin.
Since 2021 BehindMLM has documented a whole bunch of “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).
Organized crime pursuits from China function rip-off factories behind “click on a button” Ponzis from south-east Asian nations.
In September 2024, the US Division of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese language human trafficking rip-off factories.
By way of numerous firms he owns, Phat is alleged to shelter Chinese language scammers working out of Cambodia.
No matter which nation they function from, the identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.