StateEarn is not properly licensed or registered by the government. Companies are required by law to disclose all of their financial information. This is, however, an issue with this firm. The operations, strategy, and revenue generation
StateEarn is one of the shadiest companies in the world. You should be able to spot the red flags even if you have zero background in internet investing. The ROI is supposed to be reasonable for this enterprise. However, once you get to the site, you’ll be rushed through the signup process without receiving the requisite information.
The market is rife with con artists. If you want to make money investing online, you need to be careful. Despite the drawbacks, there will still be reputable cryptocurrency organizations and trustworthy FX brokers where you may put your money. Those companies may point to proven sales records. They encourage people new to internet investing to work with them alongside field veterans. It’s also simple to get assistance whenever you need it.
This review will show why we think you shouldn’t invest with StateEarn: In the meantime, check out these legitimate crypto companies in the industry. These ventures have a solid trading history. Additionally, they work with professionals.
Some people can get hurt if they aren’t vigilant online. Cybercrime and online fraud are on the rise, but as a result, internet users have become more aware of the risks and better equipped to mitigate them. However, there is still more to do, as the current increase in Ponzi scams, phishing attempts, and virus outbreaks demonstrate.
We have compiled a list of red flags to watch if you are considering an online investment. Remember that it probably is if something seems too good to be true like a “get rich quick” scheme. If you have doubts about an investment opportunity, it’s best to err on the side of caution and seek counsel from an objective third party first.
The website is entirely silent on the company’s ownership or management. That’s crucial because customers need to know who’s in charge at any company. In light of its importance, hiding this information would be suspicious.
We also found out that the domain name for this company was registered on September 26th, 2022, and that it would expire on September 26th, 2023. Because of this, the company has no intention of being operational for the foreseeable future. That they won’t bother renewing the domain after a year suggests they won’t be around to update it. The owners of such sites frequently give up when they discover there is little traffic, and their investment has not paid off.
There’s a set of goods that any given business must handle. It seems, however, this firm it appears is an exception. It offers no goods or services that could be bought in a store. Affiliate membership is the only thing people can sell here.
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Earning Money on StateEarn. Members of StateEarn put up about Ksh. 450 with the expectation of making more money through:
This is one of the most commonly preferred methods of earning by scammers. This is the primary way of making money for the company. Once a person joins the agency, they get a referral link to invite other people under the promise of some compensation. Since they know they will get paid, they invite as many people as possible. The person is only paid the bonus once the recruited candidate has paid the requisite Ksh. 450.
Referral bonuses are paid in three levels:
- Level 1- Once you invite a person directly and they join using the link you sent them, you get Ksh. 450.
- Level 2- This is the bonus you receive through indirect referrals. Here, you get paid Ksh. 250 when the person you invited in level 1 refers another person.
- Level 3- Here, you get a bonus of Ksh. 50 if the person who joined in level 2 refers another person.
- Pay-per-Click- This is where the company pays its customers when they click on an ad.
- Trivia And Blogging-Here, users answer survey questions and trivia quizzes correctly and supposedly earn. Best blogs are paid every week.
- Watching Video-Watch YouTube videos and earn. Also, you can upload your YouTube videos to get more views.
Contact Details and Customer Support
StateEarn Lacks Legitimate Contact Information. The folks behind any investment offer you’re considering the need your trust as an investor. If the only information provided is a post office box or a generic email address, proceed cautiously. Do your homework to ensure the address and contact details you find are genuine before moving forward.
Unfortunately, no attempt has been made by the organization to provide enough contact information. As so, it gives insight into the values upheld by the organization. How come the company can’t afford to hire qualified individuals to handle client inquiries if it’s doing so well?
The company has only provided a WhatsApp number, +254797584756. Then it says you can email them but does not have any email address.
Regulation and Registration
StateEarn is not properly licensed or registered by the government. Companies are required by law to disclose all of their financial information. This is, however, an issue with this firm. The operations, strategy, and revenue generation of a reasonable investment opportunity will all be laid out in detail and readily available. On these counts, a lack of openness can serve as an early warning.
Why You Should Avoid StateEarn
Most company services are pointless filler that offers no value beyond “watch and earn” and trivial knowledge. StateEarn is also just an old-fashioned advertising scam. Buying or trading views is against the rules of every primary social networking site. Based on the data, StateEarn is more like a pyramid scheme. The company seems to be a fraud orchestrated by Africans with the specific goal of exploiting fellow Africans.
Is StateEarn Legit or Not?
This company is fake. Even on their website, there are so many typos and grammatical errors. This raises serious concerns about the legitimacy of the company. A reputable company should hire an editor to ensure their content is accurately presented. All of the warning signs point to a serious problem. The business model relies on attracting many new members to compensate for the initial investment.
There doesn’t seem to be any easy route out of the investment. Any worthwhile investment opportunity will require an exit strategy. If the exit strategy for the investment opportunity you’re considering is unclear or highly implausible, you should proceed with care.
The easiest way to avoid being a victim of a scam scheme is to ask yourself a few key questions. Is there a valid rationale for investing in this business? Do you have a sneaking suspicion these can’t be real? So, proceed with caution and watch for warning signs if that’s the case. It’s important to remember that there will always be new threats online. It is not unusual for old scammers to resurface, usually with a contemporary twist. Keep learning, keep your skepticism in check, and trust your gut when making decisions; these are the best defenses against the dangers of modern life.
The business model by StateEarn is classic for a pyramid scheme. You need merely subscribe to their services to start making money immediately. But after you finish, you’ll be requested to bring additional customers so they can make more money.
They are simply reinvesting the money to generate a profit. Many trustworthy crypto investment firms are currently available to the public. The demands and needs of their customers come first for these businesses. The funds of traders are entirely safe and sound. Before you put money into them, be sure they are trustworthy and honest.