There is no information about who owns or runs iearnbot.com. Organizational structures should be disclosed openly and honestly by businesses. Keeping something of this importance under wraps is unacceptable.
This is another bogus online retailer. Even if you’ve never made an internet investment, knowing what to look out for is crucial. This effort’s potential return on investment (ROI) is being discussed. When you get to the site, you won’t be asked any questions about who you are before being sent straight to the signup form.
Con artists abound in today’s markets. It would be best if you use extreme caution while investing money online. Despite this, there are legitimate cryptocurrency companies and reliable FX brokers. Each of those businesses has a track record of sales that can be independently verified. They are open and helpful to those who are just getting started in online investing. In addition, help is easy to find any time it’s needed.
This review details why we think you should steer away from the iearnbot.com website.
One must use extreme caution when interacting with the online world. New security measures have emerged in response to the proliferation of cybercrime and online fraud. However, the recent rise in Ponzi schemes, phishing attempts, and virus outbreaks shows that much more has to be done. We have created a list of warning signs to keep an eye out for to help prevent people from becoming victims of these crimes. If anything sounds too good to be true, it probably is. Don’t fall for “get rich quick” schemes. If you have doubts about an investment opportunity, you should first consult an impartial third party for advice.
There is no information about who owns or runs iearnbot.com. Organizational structures should be disclosed openly and honestly by businesses. Keeping something of this importance under wraps is unacceptable. For unknown reasons, the CEO’s identity has not been revealed. They are entirely aware of the reasons for this. If things went badly, maybe they wanted to avoid questioning the CEO.
There is a finite set of goods that every given business can handle. The company, however, stands out as an anomaly. Only affiliate memberships are for sale.
To begin using the website, one must register, deposit USDT and then select a mining robot. To create an account, you must provide a phone number and password. The money you earn daily will depend on the robot’s rank. This will also depend on the funds you have deposited.
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This is how their compensation plan works:
- S – deposit 10 USDT and get 0.3% to 0.5% daily.
- 1 – deposit 31.99 USDT and get 0.3 USDT to 0.36 USDT daily
- 2 – deposit 154.99 USDT and get 1.8 USDT to 2.1 USDT daily.
- 3 – deposit 509.99 USDT and get 6.5 USDT to 8 USDT daily.
- 4 – deposit 2539.99 USDT and get between 35 USDT and 45 USDT daily.
- 5 – deposit 10,099.99 USDT and get between 150 and 200 USDT daily.
Users can also earn money by sending friends a referral link. The more people join the website via a link, the more you get paid. The platform encourages users to invite as many people as possible.
Customers purportedly earn commissions when they invest tether. The referral commission payment depends on how much an affiliate has invested.
- 1 tier affiliates receive 10% on level 1, 5% on level 2, and 1% on level 3
- 2 tier affiliates receive 15% on level 1, 8% on level 2, and 2% on level 3
- 3 tier affiliates receive 20% on level 1, 10% on level 2, and 3% on level 3
- 4 tier affiliates receive 25% on level 1, 12% on level 2, and 4% on level 3
- 5 tier affiliates receive 30% on level 1, 15% on level 2, and 5% on level 3
Contact Details and Customer Support
The company website contains false information about its location, which it uses to fool users into thinking the service is legitimate. They allege that the company is located in Austin, Texas. The address, however, belongs to another unrelated company offering different services. According to whois.com, the company’s website domain was registered in 2021 and updated in 2022.
The company also has a Facebook page. However, after some background checks, we realized that the Facebook page was created in 2019 under a different name. iEarnBot only took an existing page and renamed it. The company claims to have been in existence since 2018. This is false as evidence suggests otherwise.
Regulation and Registration
There appears to be no valid registrations or permits for the company’s operations. Cons frequently set up shops as companies to bolster their legitimacy. Credible identification documents are required. An investment platform must meet some requirements before it can begin its operations.
Companies must disclose all of their financial data to the public. Detailed records of the company’s activities, strategy, and revenue generation indicate a legitimate investment opportunity. A lack of transparency can suggest that the company is not legit. This company however does not follow this protocol.
Why You Should Avoid iEarnBot
The nature of this business makes for heated discussions. Expert bankers have often cautioned against becoming involved with questionable enterprises. Red flags should immediately go up when someone has a poor online reputation. It’s a cause for alarm if, after extensive research on the firm and the investment offer, you find a lot of unfavorable feedback. Many have complained about the business, saying that depositing was easy, but the withdrawal was impossible. The company makes it easy for a person to deposit because they are after your money.
Is iEarnBot Legit or Not?
The business is a sham. You can’t ignore any of the red flags. To allegedly pay back the company’s initial investors, the founders had to bring in as many customers as possible. The corporation has, however, not paid many of those who joined later. As a result, there is very little room for doubt that it is not genuine.
There is a lack of defined pathways outside of the company. It would help if you had an exit strategy for any investment opportunity worth your time and money. If the investment opportunity you’re considering has no obvious exit route, you should proceed with care.
To prevent falling prey to a Ponzi scheme, one must ask a few basic questions: Is it worth putting money into this company? Are you getting the impression that everything is too good to be true? If that is the case, you should exercise caution. You should always assume the worst when navigating the internet. It is not uncommon for failed Ponzi schemes to reappear, usually with a slight modification. Essential self-defense methods in the modern world include keeping oneself well-informed, maintaining a healthy dose of skepticism, and trusting one’s instincts.
Both the bot and the trading promises are nonexistent. What iEarnBot is doing is just redistributing the money of new investors to those who have already put money in. The creators wouldn’t be committing fraud in the open if they had a legitimate trading bot that could generate consistent profits.
When interest in becoming an affiliate wanes, new money stops flowing into the Ponzi scheme. This will cause iEarnBot to collapse due to a lack of return on investment. Invest with genuine cryptocurrency companies to avoid losing funds. There are many transparent and verified platforms in the market.