U-Farm Review: Farming “click a button” app Ponzi
U-Farm fails to provide ownership or executive information on its website.
U-Farm’s website domain (“co-ufarm.com”), was privately registered on February 20th, 2023.
If we look at the source-code of U-Farm’s website, we find Chinese:
This strongly suggests whoever is running U-Farm 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.
U-Farm has no retailable products or services.
Affiliates are only able to market U-Farm affiliate membership itself.
U-Farm’s Compensation Plan
U-Farm affiliates invest tether (USDT). This is done on the promise of advertised returns, paid out daily for 365 days:
- Potato – invest 30 USDT and receive 0.75 USDT a day
- Wheat – invest 100 USDT and receive 2.5 USDT a day
- Corn – invest 300 USDT and receive 7.5 USDT a day
- Coffee – invest 900 USDT and receive 23 USDT a day
U-Farm pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- level 3 – 1%
The same unilevel team is used to pay a match on daily returns paid out:
- level 1 – 3%
- level 2 – 2%
- level 3 – 1%
U-Farm affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 30 USDT investment.
U-Farm is yet another “click a button” Ponzi scheme.
U-Farm’s “click a button” Ponzi ruse is farming:
Broken down, U-Farm’s ruse sees affiliates log in and click a button once a day. U-Farm represents clicking the button corresponds with harvesting seeds.
The harvest is then sold to fictitious buyers, completing the ROI payout.
This is of course nonsense. There are no seeds, there is no harvesting and no crops are sold.
All U-Farm is doing is recycling newly invested funds to pay earlier investors.
U-Farm is part of a group of “click a button” app Ponzis that have emerged since late 2021.
Including U-Farm, BehindMLM has thus far documented sixty-eight “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.