Glory Assurance fails to supply possession or govt info on its web site.
Glory Assurance operates from two identified web site domains; gloryassurance.com (advertising and marketing) and hashkingdom.com (app).
Each of Glory Assurance’s web site domains have been privately registered on February 2nd, 2024.
If we take a look at the source-code of each of Glory Assurance’s web sites we discover Chinese language:
This means whoever is operating Glory Assurance has ties to China.
As at all times, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Glory Assurance’s Merchandise
Glory Assurance has no retailable services or products.
Associates are solely capable of market Glory Assurance affiliate membership itself.
Glory Assurance’s Compensation Plan
Glory Assurance associates make investments tether (USDT). That is finished on the promise of marketed returns:
Insurance coverage Package deal (previously Martingale Technique)
- make investments 635 USDT and obtain 10 USDT a day
- make investments 1270 USDT and obtain 20 USDT a day
- make investments 2520 USDT and obtain 40 USDT a day
- make investments 6300 USDT and obtain 100 USDT a day
- make investments 12,600 USDT and obtain 200 USDT a day
- make investments 25,200 USDT and obtain 400 USDT a day
Entrust Package deal
Make investments 100 to 25,200 USDT and obtain
- 0.2% a day for 30 days;
- 0.3% a day for 60 days;
- 0.4% a day for 90 days; or
- 0.5% a day for 180 days
Glory Assurance pays referral commissions on invested USDT. Particular particulars are hidden from the general public.
Becoming a member of Glory Assurance
Glory Assurance affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal 100 USDT funding.
Glory Assurance Conclusion
Glory Assurance is one more “click on a button” app Ponzi scheme.
Whereas Glory Assurance’s advertising and marketing web site is stuffed with baloney about insurance coverage, the precise funding scheme is a run-of-the-mill buying and selling alerts ruse.
The offered ruse is Glory Assurance associates log in and click on a button (the extra invested the extra the button must be clicked).
Clicking the button purportedly ties into executing supplied buying and selling alerts. A few of that is offloaded to Hash Kingdon, whereby traders are duped into pondering reputable buying and selling is happening.
For some purpose Glory Assurance can’t execute its purported trades by itself. They as an alternative go for the ruse of sharing buying and selling income with traders.
If that is unnecessary it’s as a result of it doesn’t. Why get randoms to click on a button in a dodgy app when you possibly can simply execute the trades your self?
In actuality clicking a button inside Glory Assurance’s app does nothing. All Glory Assurance does is recycle newly invested funds to pay earlier traders.
Glory Assurance is a part of a bunch of “click on a button” app Ponzis which have emerged since late 2021.
Examples of already collapsed “click on a button” Ponzis utilizing the identical buying and selling alerts ruse embody RainbowEx, Gxness and TRC Commerce.
Since 2021 BehindMLM has documented a whole bunch of “click on a button” app Ponzis. Most of them final a couple of 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 traders with a loss (inevitable Ponzi math).
Organized crime pursuits from China function rip-off factories behind “click on a button” Ponzis, usually 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 means 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.