Wetify fails to provide ownership or executive information on its website.

Wetify operates from two known website domains:

  • wetify.net (app) – privately registered on October 4th, 2023
  • wetify.com (fintech template marketing site) – privately registered on May 22nd, 2023

If we click on the support section of Wetify’s website, we learn it runs on the Meiqia platform.

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running Wetify has ties to China.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Wetify’s Products

Wetify has no retailable products or services.

Affiliates are only able to market Wetify affiliate membership itself.

Wetify’s Compensation Plan

Wetify affiliates invest 30 USDT or more on the promise of a passive return.

Wetify pays referral commissions on invested USDT down three levels of recruitment (unilevel):

Note that Wetify does not publicly disclose specific referral commission rates across the three levels.

Joining Wetify

Wetify affiliate membership is free.

Full participation in the attached income opportunity requires a minimum 30 USDT investment.

Wetify Conclusion

Wetify is yet another “click a button” app Ponzi scheme.

Wetify’s “click a button” Ponzi ruse is quantitative trading:

The presented ruse is Wetify affiliates log in and click a button (the more invested the more the button needs to be clicked).

Clicking the button purportedly generates revenue via quantitative trading, which for some reason Wetify shares a percentage of with affiliate investors.

If that makes no sense it’s because it doesn’t. Randoms clicking a button in an app doesn’t trigger quantitative trading.

In reality clicking a button inside Wetify does nothing. All Wetify does is recycle newly invested funds to pay earlier investors.

Wetify is part of a group of “click a button” app Ponzis that have emerged since late 2021.

Examples of already collapsed “click a button” app Ponzis using the same quantitative trading ruse include GSTAIQ, Dusery and edX AI.

Including Wetify, BehindMLM has thus far documented over a hundred “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.

“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).

The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.

 

Update 18th October 2024 – Wetify has collapsed. As at the time of this update neither of Wetify’s websites are available.