UKFarm fails to offer possession or government data on its web site.
UKFarm’s web site area (“ukfarm.vip”), was privately registered on June 2nd, 2024.
In an try to look reliable, UKFarm cites a clothes retailer and the “Purple Tractor Assurance Scheme” as regulatory authorities:
That is false on each counts.
UKFarm has already attracted the eye of economic regulators. The Central Financial institution of Russia issued a UKFarm pyramid fraud warning on June 14th, 2024.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
UKFarm’s Merchandise
UKFarm has no retailable services or products.
Associates are solely in a position to market UKFarm affiliate membership itself.
UKFarm’s Compensation Plan
UKFarm associates make investments tether (USDT). That is achieved on the promise of marketed returns:
- Stage 1 – make investments 9 USDT and obtain 1.8 USDT a day
- Stage 2 – make investments 50 USDT and obtain 11 USDT a day
- Stage 3 – make investments 150 USDT and obtain 33 USDT a day
- Stage 4 – make investments 460 USDT and obtain 110 USDT a day
UKFarm pays referral commissions on invested USDT down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 12%
- degree 2 – 3%
- degree 3 – 1%
Becoming a member of UKFarm
UKFarm affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal 9 USDT funding.
UKFarm Conclusion
MK-Life is yet one more “click on a button” app Ponzi scheme.
MK-Life misappropriates the branding of Farm Collectively, a online game launched in 2018.
Evidently UKFarm has nothing to do with Farm Collectively.
UKFarm doesn’t hassle developing with a ruse. This makes it a typical “task-based” Ponzi scheme.
The assigned activity in UKFarm is “orders”. This sees UKFarm affiliate traders log in each day to “click on a button”.
Clicking the button each day qualifies UKFarm traders to obtain each day returns.
Past that clicking a button inside UKFarm does nothing, there isn’t a exterior income. All UKFarm does is recycle newly invested funds to pay earlier traders.
Examples of already collapsed “click on a button” app Ponzis utilizing the identical stolen id ruse are Ecard Bot, Laptop USDT and Tesla Supercharger.
Since 2021 BehindMLM has documented tons of of “click on a button” app Ponzis. Most of them final a couple of weeks to a couple 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.
