FOMO5K: CROSS-BORDER SCAM PROJECT? – Fomo5k
Fomo5k is a Smart Contract built on Ethereum’s Blockchain platform to create a formula to build a community that can financially support each other fairly and voluntarily. Fomo5k.io is simply a web interface used to interact with Smart Contract in the most convenient way. The website is simple with straight-to-the-point numbers and graphs. But is it another cross-border scam that is designed to get money from participants?
As we already know, a lot of the Ponzi and pyramid schemes out there lie about where they are based out of. Lie about their CEO. Lies about their external revenue and lies about being registered with financial regulators. Investors should be wary when a company isn’t upfront about these types of information.
Fomo5k, on the other hand, shows us where the money will be stored and how it will be earned and distributed. Let’s take a look.
Fomo5k’s Products and Domain
Fomo5k offers no retail products or services. The only tradable commodity in the system is Levels and membership.
Fomo5k advertises as being a decentralized system using Smart Contract on Ethereum’s Blockchain platform. Its sale pitch is its ability to allow users to have a chance to get 5,000 ETH ($750,000) every 100 days only a single investment of 0.1ETH ($15).
The .io domain is administered by the Internet Computer Bureau, a domain name registry company based in the United Kingdom.
Fomo5k’s Compensation Plan
With Fomo5k, a mechanism called Position Overflow is used. It is a mechanism that ensures the structure of the system below users to have a maximum of 2 people in line 1, 4 people in line 2, 8 people in line 3, and so on.
To enter the system, users are required to purchase a 0.1 ETH subscription position in a 2-foot diagram scheme.
Fomo5k uses a unique formula to fill the position on the 2-branch diagram. Users can invite an unlimited number of F1 partners and they are automatically filled from top to bottom and from left to right to ensure users always have up to:
· 2 partners on the 1st floor
· 4 partners on the 2nd floor
· 8 partners on the 3rd floor
· 16 partners on the 4th floor
· 32 partners on the 5th floor
· ….
The number of partners on the floor below is always double that of the upper floor to infinity.
This excellent arrangement technology will sometimes help users own the system thanks to the top flowing down without introducing anyone else.
Users’ profits will be repeated every 100 days because when they renew the levels, the partners in their structures will do the same.
Fomo5k’s Cashflow
Smart Contract is designed not to store users’ ETH, but only a tool to distribute 100% of ETH to the final recipients only a few seconds after the level buyers transfer the ETH. Users’ profits will be transferred directly to users’ Ethereum wallet without any further actions.
Because this is a decentralized platform, users need to use wallets like Metamask or Trust Wallet to be able to trade. They can download the Metamask Wallet onto their Laptops or Trust Wallet on their Mobile Devices and only need 0.1 ETH in the wallet to register for Level 1.
👉Join our official international communities here :
➡️Ann Threat : https://bitcointalk.org/index.php?topic=5222482.new#new
➡️Telegram:
⁃ Group Official : https://t.me/Fomo5kofficial
⁃ Channel :https://t.me/fomo5k
➡️Facebook: https://www.facebook.com/fomo5k/
➡️Twitter: https://twitter.com/fomo5k
➡️Youtube : http://bit.ly/youtubefomo5k
➡️Medium: https://medium.com/@fomo5k
#fomo5k #fomo #ethereum #cryptocurrency #Bitcoin #blockchain #fomo5k
Published at Tue, 04 Feb 2020 02:25:59 +0000
{flickr|100|campaign}
