TetherScan fails to provide verifiable ownership or executive information on its website.

TetherScan is purportedly headed up by “Lu Shengli”, who features in TetherScan’s marketing videos:

Curiously, TetherScan’s marketing videos feature Shengli as CEO of USDTScan.

TetherScan’s website domain (“tetherscan.org”), was privately registered on December 31st, 2023.

USDTScan has its own website up at “usdtscan.com”, privately registered in October 2022.

Of additional note is TetherScan’s website being a clone of USDTScan:

Putting all of this together, we can ascertain that USDTScan launched before TetherScan. Whoever is running both schemes is recycling USDTScan material to market TetherScan.

Between both schemes, Lu Shengli doesn’t exist outside of USDTScan’s or TetherScan’s marketing. This makes him a prime Boris CEO candidate.

Russians and/or Ukrainians are typically behind Boris CEO schemes. That is actors used to represent fictional executives.

Further supporting this is Ukrainian in USDTScan’s website source-code:

Although TetherScan is a clone of USDTScan’s website, this Ukrainian word has been scrubbed from TetherScan’s website source-code.

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.

TetherScan’s Products

TetherScan has no retailable products or services.

Affiliates are only able to market TetherScan affiliate membership itself.

TetherScan’s Compensation Plan

TetherScan affiliates primarily invest tether (USDT). This is done on the promise of advertised passive returns:

  • invest up to 1000 USDT and receive 0.04% 0.55% a day for 120 days
  • invest 1000 TRX to 9999 USDT and receive 0.08% to 0.75% a day for 90 days
  • invest 10,000 TRX to 99,999 USDT and receive 0.13% to 0.95% a day for 60 days
  • invest 100,000 USDT or more and receive 0.2% to 1.15% a day for 30 days

TetherScan also offers passive returns investment opportunities in other cryptocurrencies:

  • ethereum flexible – invest 0.1 ETH or more and receive 0.1% to 0.3% a day
  • ethereum fixed – invest 0.05 ETH or more and receive 0.4% to 0.7% a day (ETH locked for 30 days)
  • bitcoin flexible – invest 0.005 BTC or more and receive 0.15% to 0.25% a day
  • bitcoin fixed – invest 0.0025 BTC or more and receive 0.45% to 0.65% a day (BTC locked for 30 days)
  • binance coin flexible – invest 1 BNB or more and receive 0.15% to 0.25% a day
  • binance coin fixed – invest 0.5 BNB or more and receive 0.3% to 0.6% a day (BNB locked for 30 days)
  • polygon flexible – invest 250 MATIC or more and receive 0.1% to 0.3% a day
  • polygon fixed – invest 100 MATIC or more and receive 0.25% to 0.65% a day (BNB locked for 30 days)

The MLM side of TetherScan pays on recruitment of affiliate investors.

TetherScan Affiliate Ranks

There are fifteen affiliate ranks within TetherScan’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  1. Affiliate – sign up as a TetherScan affiliate and recruit at least one affiliate investor
  2. 1 Star – invest 45 USDT, recruit two Affiliates or higher and generate 250 USDT in downline investment volume
  3. 2 Star – invest 100 USDT, maintain two Affiliates or higher and generate 1000 USDT in downline investment volume (at least 500 USDT from personally recruited affiliates)
  4. 3 Star – invest 250 USDT, recruit three Affiliates or higher and generate 5000 USDT in downline investment volume (at least 1000 USDT from personally recruited affiliates)
  5. 4 Star – invest 500 USDT, recruit four Affiliates or higher and generate 10,000 USDT in downline investment volume (at least 2000 USDT from personally recruited affiliates)
  6. 5 Star – invest 1000 USDT, recruit five Affiliates or higher and generate 25,000 USDT in downline investment volume (at least 4000 USDT from personally recruited affiliates)
  7. 6 Star – invest 2000 USDT, recruit six Affiliates or higher and generate 50,000 USDT in downline investment volume (at least 6000 USDT from personally recruited affiliates)
  8. 7 Star – invest 4000 USDT, recruit seven Affiliates or higher and generate 100,000 USDT in downline investment volume (at least 10,000 USDT from personally recruited affiliates)
  9. 8 Star – invest 8000 USDT, recruit eight Affiliates or higher and generate 200,000 USDT in downline investment volume (at least 18,000 USDT from personally recruited affiliates)
  10. 9 Star – invest 15,000 USDT, recruit nine Affiliates or higher and generate 500,000 USDT in downline investment volume (at least 40,000 USDT from personally recruited affiliates)
  11. 10 Star – invest 25,000 USDT, recruit ten Affiliates or higher and generate 1,000,000 USDT in downline investment volume (at least 70,000 USDT from personally recruited affiliates)
  12. Yellow Star – invest 35,000 USDT, recruit twelve Affiliates or higher and generate 2,500,000 USDT in downline investment volume (at least 150,000 USDT from personally recruited affiliates)
  13. Silver Star – invest 50,000 USDT, recruit fifteen Affiliates or higher and generate 5,000,000 USDT in downline investment volume (at least 250,000 USDT from personally recruited affiliates)
  14. Green Star – invest 75,000 USDT, recruit eighteen Affiliates or higher and generate 7,500,000 USDT in downline investment volume (at least 300,000 USDT from personally recruited affiliates)
  15. Blue Star – invest 100,000 USDT, recruit twenty Affiliates or higher and generate 15,000,000 USDT in downline investment volume (at least 450,000 USDT from personally recruited affiliates)

Referral Commissions

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

  • Affiliates through 3 Stars earn 5% on level 1 (personally recruited affiliates)
  • 4 Stars and 5 Stars earn 6% on level 1 and 2% on level 2
  • 6 Stars to 8 Stars earn 7% on level 1, 3% on level 2 and 1% on level 3
  • 9 Stars and 10 Stars earn 8% on level 1, 4% on level 2 and 2% on level 3
  • Yellow Stars and Silver Stars earn 10% on level 1, 5% on level 2 and 3% on level 3
  • Green Stars earn 12% on level 1, 8% on level 2 and 4% on level 3
  • Blue Stars earn 15% on level 1, 8% on level 2 and 5% on level 3

ROI Boost

TetherScan adds a multiplier to daily returns paid to ranked affiliates.

  • 1 Stars receive a 1.05x ROI rate
  • 2 Stars receive a 1.1x ROI rate
  • 3 Stars receive a 1.15x ROI rate
  • 4 Stars receive a 1.2x ROI rate
  • 5 Stars receive a 1.25x ROI rate
  • 6 Stars receive a 1.3x ROI rate
  • 7 Stars receive a 1.35x ROI rate
  • 8 Stars receive a 1.4x ROI rate
  • 9 Stars receive a 1.45x ROI rate
  • 10 Stars receive a 1.5x ROI rate
  • Yellow Stars receive a 1.6x ROI rate
  • Silver Stars receive a 1.7x ROI rate
  • Green Stars receive a 1.85x ROI rate
  • Blue Stars receive a 2x ROI rate

Rank Achievement Bonus

TetherScan rewards affiliates for qualifying at 1 Star and higher with the following one-time Rank Achievement Bonuses:

  • qualify at 1 Star and receive 50 USDT
  • qualify at 2 Star and receive 200 USDT
  • qualify at 3 Star and receive 400 USDT
  • qualify at 4 Star and receive 750 USDT
  • qualify at 5 Star and receive 1500 USDT
  • qualify at 6 Star and receive 2500 USDT
  • qualify at 7 Star and receive 4000 USDT
  • qualify at 8 Star and receive 9000 USDT
  • qualify at 9 Star and receive 15,000 USDT
  • qualify at 10 Star and receive 25,000 USDT
  • qualify at Yellow Star and receive 50,000 USDT
  • qualify at Silver Star and receive 75,000 USDT
  • qualify at Green Star and receive 150,000 USDT plus an “emerald star”
  • qualify at Blue Star and receive 250,000 UST plus a “diamond star”

TetherScan’s compensation documentation states “emerald star” and “diamond star” corresponds with a “buying opportunity of 3ct Star Cut Gem for a price of 1 USDT”.

Joining TetherScan

TetherScan affiliate membership is free.

Full participation in the attached income opportunity requires a minimum

  • 1 USDT investment
  • 0.05 ETH investment
  • 0.005 BTC investment
  • 0.5 BNB investment or
  • 100 MATIC investment

TetherScan Conclusion

TetherScan runs a classic “staking” ruse Ponzi scheme.

The ruse behind TetherScan’s “staking” scheme is “liquidity pools”. This is crypto jargon that doesn’t actually explain how external revenue is generated.

As it stands, the only verifiable source of revenue entering TetherScan is new investment.

Using new investment to pay affiliate withdrawals would make TetherScan a Ponzi scheme.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve TetherScan of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.

Given TetherScan is a reboot of USDTScan, a collapse appears to have already happened once.