HappyLook fails to supply possession or government data on its web site.
HappyLook’s web site area (“hglg.internet”), was privately registered on March 14th, 2023.
In an try to seem legit, HappyLook offers a Colorado incorporation certificates for “HappyLook Restricted”:
As a result of ease with which scammers are in a position to incorporate shell firms with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
If we have a look at HappyLook’s web site source-code we discover Chinese language:
This strongly suggests whoever is operating HappyLook has ties to China.
As at all times, if an MLM firm is just not overtly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
HappyLook’s Merchandise
HappyLook has no retailable services or products.
Associates are solely in a position to market HappyLook affiliate membership itself.
HappyLook’s Compensation Plan
HappyLook associates make investments tether (USDT).
That is completed on the promise of marketed returns:
- 1 Star – make investments 50 USDT and obtain as much as 1.5 USDT a day for 66 days
- 2 Stars – make investments 150 USDT and obtain as much as 4.5 USDT a day for 100 days
- 3 Stars – make investments 500 USDT and obtain as much as 15 USDT a day for 133 days
- 4 Stars – make investments 1500 USDT and obtain as much as 45 USDT a day for 166 days
HappyLook pays referral commissions down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 8% to 25%
- degree 2 – 4%
- degree 3 – 2%
Degree 1 referral commissions are variable topic to the next standards:
- make investments at 3 Stars or larger and recruit one affiliate to qualify for 8% (40 USDT bonus for qualifying)
- preserve a 3 Stars or larger funding and recruit two associates to qualify for 12% (60 USDT bonus for qualifying)
- preserve a 3 Stars or larger funding and recruit three associates to qualify for 16% (90 USDT bonus for qualifying)
- preserve a 3 Stars or larger funding and recruit 4 associates to qualify for 20% (100 USDT bonus for qualifying)
- preserve a 3 Stars or larger funding and recruit 5 associates to qualify for 25% (125 USDT bonus for qualifying)
HappyLook’s advertising and marketing materials suggests recruited associates should make investments at 3 Stars or larger to qualify.
Becoming a member of HappyLook
HappyLook affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal 50 USDT funding.
HappyLook Conclusion
HappyLook is yet one more “click on a button” app Ponzi scheme.
HappyLook’s “click on a button” Ponzi ruse is having traders carry out varied busybody duties:
Damaged down, HappyLook’s ruse sees associates log in, carry out arbitrary duties and click on a button after. The extra a HappyLook affiliate invests the extra they should click on the button.
This button clicking purportedly generates income for HappyLook.
If that is not sensible it’s as a result of it doesn’t. Randoms doing arbitrary duties and clicking a button doesn’t generate income.
In actuality clicking a button inside HappyLook does nothing. All HappyLook does is recycle newly invested funds to pay earlier traders.
HappyLook 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” app Ponzis utilizing related ruses embrace Movss, FocuStar and AOL918.
Together with HappyLook, BehindMLM has up to now documented eighty-nine “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 the vast majority of traders 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.