We Share Abundance bans new investors from cashing out
We Share Abundance has announced newly invested in WESA tokens will be locked for six months.
The new policy effectively prohibits new investors from cashing out for half a year.
WSA owner Graham Frame’s last attempt to prevent WESA token withdrawals saw him limit withdrawals to recruiters.
The reason behind this was no new recruits = no new invested funds for WSA to pay withdrawal requests with.
Existing WSA affiliates revolted, having been sold on the idea of passive returns. Consequently Frame reversed his decision within twenty-fours.
This new arrangement lets existing WSA affiliate investors cash out, at the direct expense of new investors.
Existing WSA affiliates who invest new money will also have their new tokens locked. Given everyone seems to be trying to withdraw though, I don’t think this is an issue.
To encourage new affiliate investors to hand over money, Frame (right) is flogging WESA tokens ‘at a tiny fraction of their value’.
The current internal WESA token price is $110 for ten tokens. The internal WESA token withdrawal rate is not made public.
Frame arbitrarily sets the internal WESA token withdrawal rate, allowing existing affiliate investors to cash out.
Alexa traffic rankings for We Share Abundance’s website shows a flatline throughout November. December has thus far seen traffic go into decline.
For a Ponzi scheme like We Share Abundance, either scenario prolonged long enough will lead to a collapse.
Update 19th May 2021 – We Share Abundance has collapsed. Graham Frame has announced a Wesa Coin reboot.
In my opinion the verdict is still out on We Share Abundance.
I believe you are wrong in stating that it is an investment. It is my understanding that they are paying those who have smaller tokens owing first and increasing the amount throughout the month. This would be the reverse of those getting paid at the top.
Those who are coming in last are being paid first. If you read transparent information everybody is made aware of what has been and what is happening, at WSA.
I may be wrong, I have been in the past but I applaud Mr Framme on his willingness to keep membership aware of the probabilities and possibilities.
It may collapse but it is the most open online opportunity that I have seen in over 12 years.
Hoping you are wrong, especially for the many low income people who apparently have membership. Those who want to make a quick buck may be complaining because it is not possible at WSA and I know some of them.
Merry Christmas to you and your readers.. I have saved a lot of money by following your blog.
@Steve
WSA is a simple token Ponzi scheme. There are no unknowns.
WSA just banned new investors from cashing out for six months. Also you can’t prove whose withdrawal requests are being honored without an audited financial report, which doesn’t exist.
If Frame was truly honest he’d just state WSA primarily benefits him and most investors will lose money. That’s Ponzi math.
An “open” Ponzi scheme is still a scam in which the majority of investors are guaranteed to lose money in.
Well, you are wrong, and in regard to this statement of yours, and I quote:
you haven’t seen many programs and have no clue how to do real due diligence.
Frame is a liar and a crook, and you are one of his accomplices.
Thanks for your reply.. It is appreciated.
Will keep in touch. Merry Christmas.
Your totally wrong about w.s.a. When the price of wesa was at $100 they offered a nest egg buy of wesa at like $2 each. Everyone knew that it would go into your back office and you could not touch it for 6 months.
W.S.A. Is still in bata mode. It hasn’t fully launched yet. That’s supposed to happen in or around July.
I’ve already received my initial money back like 8 months ago. Any money I make now is gravy.
If you joined GoFounders and showed proof, W.S.A. Will give you back the $97 dollars you paid. So please tell me how is this a Ponzi? I would really like to know.
They just opened another opportunity that cost $165 total to join. I’ve already in 6 weeks received over $200 dollars back and I only have like 3 referrals.
So how is that a Ponzi? Please tell me.
Oh W.S.A has no affiliation with GoFounders.
This website is or could be preventing good people that need a few extra bucks a month to make life a bit easier. Today is May 13, 2021 10:45 Pm.
Oh I forgot to tell you. When your Nest Egg comes to the 6 months mark. They offered you a choice to get you Nest Egg wesa stat to your exchange or keep it in your wesa account instead your back office and they will reward you x amount of wesa as a bonus.
I had 75 wesa and they offered me 35 wesa if I kept them in my back office. I took their offer.
I believe in this opportunity. It’s not a get rich quick scam. It’s a long term plan. Long term is like 2 years from now.
Why not work with them to make this happen. It will benefit so many people that would not have a chance otherwise.
The price of WESA tokens is whatever Graham Frame is selling it to you gullible morons for.
The price is not $100 if you can buy them for $2.
If anyone can sign up as a bagholder and purchase WESA tokens from Frame then We Share Abundance has launched.
Congratulations on being a Ponzi scammer.
You’re getting your scams mixed up, intentionally or otherwise.
GoFounders/OnPassive is a pyramid scheme. Frame paying you back what you spent for joining up under him in GoFounders/OnPassive isn’t a Ponzi scheme. It’s a pyramid scheme.
We Share Abundance is the Ponzi scheme.
Math guarantees the majority of participants in Ponzi schemes lose money. Losing money isn’t making anyone’s life easier except Graham Frame and net-winner scammers such as yourself.
Zero fucks given. WESA tokens stated value = monopoly money that never existed.
Because you are an uneducated idiot with a basic math problem. A Ponzi scam is not of benefit to anybody except those that get in early enough to get paid by late joiners,and the late joiners lose everything.
Don’t be that guy that calls theft an Opportunity – it’s not.
First there is no reason to call anyone names. Second I’m starting to change my mind about wsa.
We share abundance is a scam. Not even a Ponzi it is just a scam.
I was one of the first people who invested there, I never asked to do any withdraw, I always logged in daily, I always looked at all messages, I have lots of wesas and the result, I am unable to withdraw.
There is a stupid claim on their website:
What kind of stupid claim is this. I didn’t vote to suspend any withdrawal. Who the hell wants to suspend withdrawals?
Simple Frame’s system collapsed, he doesn’t have any money, In fact, he has all the money from people who invested, and now he stole them all.
Fortunately, I never purchased these scam Egg Nests at least and I suggest to not purchase any Egg Nest, you will never take your money out. But it seems no one is taking any money out, regardless if you purchase these Egg Nests or not.
We share Ambulance turn to we share scam now.
All of these Gad and Christianity things are bullshits to convince you to register and put your money in, but in fact, Frame is the biggest sinner, he steals money in the name of GOD.
Do not even register, do not even look at the page, stay away from this scam.
May english leanguage is no full strong /but we r rejister recived withdraw 7.5 Pakistani Rs 1200 it’s scam.