Golden Farm fails to offer possession or govt info on its web site.
Golden Farm’s web site area (“golden-farm.biz”), was first registered in December 2016. The non-public registration was final up to date on October 2nd, 2023.
As of November 2023, SimilarWeb tracked prime sources of visitors to Golden Farm’s web site as Venezuela (18%), Iraq (17%), Bulgaria (16%), Brazil (13%) and France (5%).
Of be aware is Golden Farm’s use of Yandex Cash and particular Russian bank card processors. This strongly suggests whoever is behind Golden Farm has ties to Russia.
As at all times, if an MLM firm is just not overtly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Golden Farm’s Merchandise
Golden Farm has no retailable services or products.
Associates are solely in a position to market Golden Farm affiliate membership itself.
Golden Farm’s Compensation Plan
Golden Farm associates make investments actual cash into “gold cash”.
Gold cash are then used to fund funding positions, which pay out “eggs” per hour:
- Beige – make investments 35 gold cash and obtain 1 egg per hour
- Inexperienced – make investments 150 gold cash and obtain 5 eggs per hour
- Yellow – make investments 1200 gold cash and obtain 55 eggs per hour
- Brown – make investments 7500 gold cash and obtain 277 eggs per hour
- Blue – make investments 37,500 gold cash and obtain 1430 eggs per hour
- Pink – make investments 150,000 gold cash and obtain 7230 eggs per hour
- King Chook – make investments 375,000 gold cash and obtain 21,925 eggs per hour
Eggs are transformed again to gold cash at a fee of 100 eggs to 1 gold coin. Gold cash are then transformed to gold bars, that are in flip withdrawn for actual cash.
- 30% of gold bar withdrawals is withdrawable
- 70% of gold bar withdrawals have to be reinvested (as gold cash)
Notice that Golden Farm doesn’t disclose gold bar to actual cash conversion charges on its web site. The identical is true for actual cash to gold cash when investing.
What’s disclosed is traders want to satisfy a minimal gold bar thresholds to withdraw.
There’s additionally a 7% withdrawal price. Some withdrawal strategies entice further charges.
The MLM facet of Golden Farm sees associates paid on invested funds down two ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 20%
- stage 2 – 5%
Notice that referral commissions are paid in “crystals”. How crystals are transformed into one thing withdrawable is unclear.
Becoming a member of Golden Farm
Golden Farm affiliate membership is free.
Full participation within the connected revenue alternative requires an undisclosed minimal funding.
Golden Farm solicits funding in numerous currencies and cryptocurrencies.
Golden Farm Conclusion
Golden Farm is a straightforward Ponzi scheme, dressed up as some lame “birds laying eggs” recreation.
On the store you should purchase completely different birds. Every hen lays particular eggs, which may be offered on the market and exchanged for gold cash which can be required for the actual cash withdrawal [sic].
The dearer the hen is, the extra eggs it lays. You should purchase a limiteless quantity of birds.
Behind Golden Farm’s convoluted ruse is the easy stream of cash from new traders to current traders.
When you obtained misplaced within the compensation part of this evaluate making an attempt to observe all of Golden Farm’s inside currencies, I don’t blame you.
We’ve got gold cash, eggs, gold bars and crystals. Every of those function a method for Gold Farm’s admin(s) to control the stream of cash inside the Ponzi.
Particularly this might be withdrawals, that are seemingly restricted by variable conversion charges in order to not collapse the scheme.
Regardless, math is math and ultimately all Ponzi schemes collapse. And when Golden Farm inevitably collapses, the vast majority of members will notice a loss.