FOMO5K — SUPER SOPHISTICATED INVESTMENT FRAUD ON NEW BLOCKCHAIN TECHNOLOGY?
Investment fraud involves the illegal sale or purported sale of financial instruments. The typical investment fraud schemes are characterized by offers of low- or no-risk investments, guaranteed returns, overly-consistent returns, complex strategies, or unregistered securities. Examples of investment fraud include advance fee fraud, Ponzi schemes, pyramid schemes, and market manipulation fraud.
Note: To avoid investment fraud, don’t invest in anything you are not absolutely sure about. Do your research on the investment and the company to ensure that they are legitimate. You should also check out other websites regarding the project.
Fomo5k offers to break the stereotypical assumption that Smart Contract 2-branch models like it are investment fraud. Let’s go over why it is a good opportunity to consider.
Risk-free Investment?
You only need to invest a mere 0.1 ETH to buy level 1, while the next levels are purchased using your profits. Fomo5k’s 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.
The project uses a mechanism called Position Overflow for profit generation. It is a mechanism that ensures the structure of the system below you to have a maximum of 2 people on the 1st floor, 4 people on the 2nd floor, 8 people on the 3rd floor, and so on.
A person directly introduced by you will be placed in the nearest position according to the principle of filling from top to bottom and from left to right, resulting in your system having many cases. Though no one was introduced, partners below are created due to the above members flowing down.
Though the system is straightforward, you won’t just earn profits by doing nothing and spending no effort. You need to renew your Levels every 100 days. If you don’t do so (not buying the level that your partners buy from you), the payment will redirect up to the upline from which you should have bought the level. So, there are risks involved.
Overly Consistent Return?
Fomo5k gives you the potential to earn 5,000 ETH (which is 750,000 USD) after every 100 Days. But you need to work hard to earn this much. Otherwise, you will earn a small profit every time for your passive income.
It’s not just “press a button and forget”, users of the project need to carefully monitor the growth of their structure and pre-buy the level that their partners will buy from them so as not to miss their profits.
Fomo5k’s CashfloSmart 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
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Published at Thu, 06 Feb 2020 01:38:52 +0000
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