FutureAdPro Ponzi collapses, FuturoCoin exit-scam announced
To be fair, FutureNet’s FutureAdPro survived the typical two-year collapse window of most MLM Ponzi schemes.
When you’re paying out more than you’re taking in though ($50 in, $60 out), things are eventually going to fall apart.
And for FutureAdPro, following several announcements, that appears to be now.
Perhaps the biggest signal FutureAdPro is on the verge of collapse is the refusal to pay ROI withdrawals in bitcoin, ethereum or several other cryptocurrencies.
In changes recently announced to FutureAdNet investors, FutureNet advised it will only be paying ROI withdrawals in FuturoCoin.
FutureNet launched FuturoCoin earlier this year. Like every other MLM altcoin, outside of FutureNet FuturoCoin serves no purpose.
After debuting at a pumped ICO value of almost $18, FTO has since dumped to its current value of around $7.70.
FutureAdPro only paying in pre-generated FTO coins might pump the value a bit, but only for as long as desperate FutureAdPro investors are able to offload FTO to each other.
With respect to the FutureAdPro adcredit Ponzi scheme, FutureNet has access to millions of FTO and dispersing them to investors costs next to nothing.
This is key, because paying ROI withdrawals in bitcoin, ethereum and other cryptocurrencies comes at an actual cost.
So to recap, FutureNet expect FutureAdPro affiliates to invest with actual money, whilst only paying out through their worthless FTO altcoin.
Other changes announced mostly relate to FutureAdPro’s compensation plan.
Affiliates have to use their ad credits now, which for most will simply be regurgitating supplied FutureAdPro ads. Referral commissions on new investment is now also tied to recruitment.
Looking forward, with FTO dumped further and a lack of direct investment into the altcoin, it’s expected its value will fall further.
FutureNet will continue to pay FutureAdPro ROI withdrawals through FTO for as long as they can, even if investors aren’t happy about it.
And so the FutureAdPro exit-scam begins…
Update 26th January 2019 – FutureAdPro has collapsed again.
In the Ponzi scheme’s third incarnation, FutureNet has slashed ROI payments by up to 60%.
Good ol’ J Ryan Conley is still flying his FutureAdPro flag high, but he’s also pimping AlitheiaCoin.
It’s the first hedge fund built on blockchain or some similar happy horseshit.
Last summer the Winklevoss twins once again failed to get SEC approval for their bitcoin ETF but J Ryan knows what they did wrong and he tells us that AlitheiaCoin will do it the right way.
He didn’t seem to mention if they too are seeking SEC approval for their most recent can’t miss, once in a lifetime opportunity.
you must be mistaken………..that’s michael s. holmes…….er……johnson conley……..er……..
j ryan the scammer would never scam anyone…….just ask him.
Futurenet are currently testing the new Version 2, and have launched a ‘testing’ competition to see who can click the most ads. The winner gets a Bitcoin!
In the meantime, nobody is getting any withdrawals at all and they all think this is amazing. It never ceases to amaze me how gullible people are.
I don’t know where you get your informations but FutureAdPro is still paying in cryptos (not only Futuro) and in dollar.
Yes, one day, it will collapse. Yes, it’s a ponzi scheme. But to this point it’s still a paying ponzi scheme ! ;D
The source was FutureAdPro itself.
So either you’re lying or they’ve pumped FuturoCoin enough to start paying ROIs again (until the next collapse).
Edit: Yeerrrrp. FTO is up 18% so let’s go with the latter. Gullible investors must be piling onto their Banners App scam.
IT will collapse within 1-2 months. Exit scam is on finish way… People are being prepared by multiple system failures LOL.
Steve Lawson recently convinced his girlfriend to quit her job so they can live happily everafter on the money he’s scamming from others in FutureNet.
Steve Lawson just announced he’s probably leaving futurenet because they’ve allowed another affiliate to take away a large number of his affiliates whom offered them money to switch upline. Assume the money they got was FTO or ad packs rather than actual money.
Can’t see them being too happy living off his scam income now.
Futureadpro, they are cheating me since 6 months in confiscating my expired adpacks without compensation and ignore my complaints!
You paid 50 USD (per adpack) to buy advertising space of 800 views. The company advised you to click/view 10 ads per day and you would get 60 USD in 120 -150 days.
Did you get that? Or didn’t you click? Did you advertise?
Why do you expect the money you spent to be refunded? Are you really exppecting 60 usd plus the 50 you spent?
FAP has collapsed in a classical way. Normally it is done like that:
1. The scammers announce system upgrade and all activity comes to a halt “due to maintenance”. No revenues, no payouts – “transition period”. In the meantime they distract attention by BS Webinars and fake announcements.
2. Maintenancs lasts much longer than announced.
3. They announce they encountered technical difficulties – “those lousy guys in IT develompent”. They do not work properly for months.
4. They require additional verification and make that extremely hard and slow – time gained again.
5. They announce they never promised good revenue and all the users who promoted them like that are skunks who will be expelled – and not paid, of course. You can check their promotion materials, however – they are lying.
And what is still to come:
6. They disappear, you can never get any real reply from them. But the system is still open for a while to lure additional money to be simply stolen again.
I would be more than happy to see them all in jail, preferrably in USA, as they can issue sentences for 100-200 years.
I lost pennies only, but if they are simply get killed by some of really big and tough investors, my applauses.
To Hell with them. As soon as possible.
One more thing: I would be very cautios with CoinDeal too, as they seem to be heavily interrelated with this FAP scam. Most probably zhey are involved directly in laundering the stolen money.
Future Adpro is a big scam. They must go to hell.
I lost a quarter of my hard earned pension monies to futurenet. We are now fighting each other here in SA because of the lies futurenet fed us.
PLEASE PAY BACK MY MONEY FUTURE NET!