Soar Mining fails to supply verifiable possession or government info on its web site.
Whereas Soar Mining does present a listing of executives, they’re represented by pretend names and stolen profile photographs.
Soar Mining’s web site area (“jumpmining.com”), was privately registered on March sixth, 2024.
Soar Mining has already attracted the eye of monetary regulators. The Philippine SEC issued a Soar Mining securities fraud warning on June thirteenth, 2024.
As at all times, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Soar Mining’s Merchandise
Soar Mining has no retailable services or products.
Associates are solely in a position to market Soar Mining affiliate membership itself.
Soar Mining’s Compensation Plan
Soar Mining associates make investments tether (USDT). That is accomplished on the promise of marketed returns:
- BTC Micro Computing – make investments 7 USDT and obtain 0.7 USDT a day for 20 days
- LTC Mini Computing – make investments 29 USDT and obtain 1.20 USDT a day for 60 days
- DOGE Professional Computing – make investments 49 USDT and obtain 2.50 USDT a day for 50 days
- ETH ASIC V1 Computing – make investments 89 USDT and obtain 3.70 USDT a day for 60 days
- DOGE AI Computing – make investments 456 USDT and obtain 7 USDT a day for three hundred and sixty five days
- LINK AI Computing – make investments 636 USDT and obtain 8 USDT a day for three hundred and sixty five days
- ETH AI Computing – make investments 902.5 USDT and obtain 10.5 USDT a day for three hundred and sixty five days
- BTC AI Computing – make investments 1615 USDT and obtain 18.50 USDT a day for three hundred and sixty five days
Soar Mining pays referral commissions on invested USDT down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 10%
- degree 2 – 4%
- degree 3 – 2%
Becoming a member of Soar Mining
Soar Mining affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal 7 USDT funding.
Soar Mining Conclusion
Soar Mining is yet one more “click on a button” app Ponzi scheme.
Soar Mining’s “click on a button” Ponzi ruse is crypto mining:
The offered ruse is Soar Mining 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).
Soar Mining’s cloud mining operations purportedly generate income, which is then shared with associates.
If that is mindless it’s as a result of it doesn’t. If Soar Mining already has crypto mining operations arrange, what do they want your cash for?
In actuality clicking a button inside Soar Mining does nothing. All Soar Mining does is recycle newly invested funds to pay earlier buyers.
Soar Mining is a part of a gaggle 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 SKP Mine, Stronghold Digital and Dmatrx.
Since 2021 BehindMLM has documented a whole lot of “click on a button” app Ponzis. Most of them final a number 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 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.