Jumbo Ticket fails to supply possession or govt info on its web site.
Jumbo Ticket’s web site area (“jumboticket.community”), was privately registered on February twenty seventh, 2021. Jumbo Ticket’s present web site seems to have gone reside someday in 2022.
In an try to look reliable, Jumbo Ticket offers a company tackle within the British Virgin Islands.
That is an instantaneous pink flag. BVI is a tax haven regularly utilized by scammers to arrange shell corporations in.
Of notice is Jumbo Ticket’s official FaceBook web page being managed from India:
Whereas not definitive, this means Jumbo Ticket is being run out of India.
As at all times, if an MLM firm just isn’t overtly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Jumbo Ticket’s Merchandise
Jumbo Ticket has no retailable services or products.
Associates are solely capable of market Jumbo Ticket affiliate membership itself.
Jumbo Ticket’s Compensation Plan
Jumbo Ticket associates buy lottery ticket packages. Word that though USD quantities are quoted, Jumbo Ticket operates in cryptocurrency solely.
- Newbie Package deal – $10 to $49 with a 20% bonus funding quantity
- Novice Package deal – $50 to $99 with a 30% bonus funding quantity
- Semi-Professional Package deal – $100 to $499 with a 40% bonus funding quantity
- Skilled Package deal – $500 to $999 with a 50% bonus funding quantity
- Veteran Package deal – $1000 to $2999 with a 60% bonus funding quantity
- Govt Package deal – $3000 to $4999 with a 70% bonus funding quantity
- Legendary Package deal – $5000 to $9999 with an 80% bonus funding quantity
- Ace Package deal – $10,000 to $24,999 with a 90% bonus funding quantity
- Champion’s Package deal – $25,000 or extra with a 100% bonus funding quantity
Bonus quantities have to be used to buy lottery tickets or fund ticket purchases for recruited associates.
Jumbo Ticket offers entry to a few inside lotteries:
Jumbo Ticket affiliate membership offers entry to a few unlicensed (unlawful) inside lotteries:
- Mega Jackpot – tickets price $10 and winner receives $100,000, second place pays $5000, third to fifth place pays $1000 and sixth to twentieth place pays $100
- Royal Jackpot – tickets price $50 and winner receives $500,000, second place pays $10,000, third to fifth place pays $25000 and sixth to twentieth place pays $300
- Jumbo Jackpot – tickets price $100 and winner receives $1,000,000, second place pays $20,000, third to fifth place pays $5000 and sixth to thirtieth place pays $500
Scheduling particulars about Jumbo Ticket’s inside lotteries aren’t disclosed.
The MLM facet of Jumbo Ticket pays on recruitment of affiliate traders.
Referral Commissions
Jumbo Ticket pays a ten% fee on cryptocurrency invested by personally recruited associates.
Residual Commissions
Jumbo Ticket pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary workforce, break up into two sides (left and proper):
The primary stage of the binary workforce homes two positions. The second stage of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary workforce are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary workforce are stuffed through direct and oblique recruitment of associates. Word there is no such thing as a restrict to how deep a binary workforce can develop.
On the finish of every day Jumbo Ticket tallies up new funding quantity on either side of the binary workforce.
Residual commissions are paid as 10% of recent funding on the weaker binary workforce facet.
As soon as paid out on, funding quantity is matched in opposition to the stronger binary workforce facet and flushed.
Leftover quantity on the stronger binary workforce facet carries over.
Becoming a member of Jumbo Ticket
Jumbo Ticket affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal $50 lottery ticket bundle buy.
Jumbo Ticket Conclusion
Jumbo Ticket presents itself as a “safe on-line lottery platform”. Jumbo Ticket claims it makes use of “safe RNG servers and a provably honest system”.
That is at odds with Jumbo Ticket’s staged draw occasions, which undoubtedly don’t use “RNG servers”.
I don’t have any names however the lead actors in these movies look like from South America.
Jumbo Ticket’s YouTube channel is stuffed with Fiverr type testimonials and inventory footage advertising movies.
Lotteries are closely regulated all over the world and, as you may need guessed, Jumbo Ticket isn’t registered anyplace.
This places a giant query mark on the legitimacy of Jumbo Ticket’s lotteries.
Exterior of Jumbo Ticket’s lotteries being unlicensed, Jumbo Ticket working via a BVI shell firm, promoting lottery tickets in cryptocurrency and being run by nameless people lends itself to the lotteries themselves being fraudulent.
In the meantime with nothing marketed or bought to retail clients, the MLM facet of Jumbo Ticket operates as a pyramid scheme.
At finest with Jumbo Ticket you might have scammers working an unlawful lottery that would disappear at any time.
At worst all the things about Jumbo Ticket is pretend and so they’re simply protecting all the things spent on fictional lottery tickets.
That buyers haven’t any means of verifying something to do with Jumbo Ticket’s purported lotteries is cause sufficient to remain clear.