Watts USDT Review: Stolen identity “click a button” Ponzi
Watts USDT fails to provide ownership or executive information on its website.
Watts USDT’s website domain (“watts-usdt.com”), was privately registered on April 28th, 2024.
Of note is Watts USDT’s website domain being registered through the Chinese registrar Alibaba (Singapore).
On the regulatory front, the Central Bank of Russia issued a Watts USDT pyramid fraud warning on May 17th, 2024.
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.
Watts USDT’s Products
Watts USDT has no retailable products or services.
Affiliates are only able to market Watts USDT affiliate membership itself.
Watts USDT’s Compensation Plan
Watts USDT affiliates invest tether (USDT). This is done on the promise of advertised returns:
- invest 10 USDT and receive 2 USDT a day
- invest 70 USDT and receive 14.7 USDT a day
- invest 170 USDT and receive 37.4 USDT a day
- invest 370 USDT and receive 85.1 USDT a day
- invest 770 USDT and receive 184.8 USDT a day
- invest 1870 USDT and receive 467.5 USDT a day
- invest 4070 USDT and receive 1058.2 USDT a day
- invest 8870 USDT and receive 2359.42 USDT a day
- invest 20,000 USDT and receive 5400 USDT a day
Watts USDT pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 8%
- level 2 – 3%
- level 3 – 1%
Joining Watts USDT
Watts USDT affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 10 USDT investment.
Watts USDT Conclusion
Watts USDT is yet another “click a button” app Ponzi scheme.
The scam misappropriates the name and branding of Watts, a US-based plumbing supplier:
Watts is a US company that manufacturers plumbing supplies.
Needless to say the Watts USDT has nothing to do with Watts the plumbing company.
Watts USDT’s revenue ruse is a “trading algorithm”:
This doesn’t fit the Watts plumbing theme and appears to be copy and pasted from another scam.
Regardless, Watts USDT is a typical “task-based” Ponzi scheme.
The assigned task in Watts USDT is “orders”. This sees Watts USDT affiliate investors log in daily to “click a button”.
Clicking the button daily qualifies Watts USDT investors to receive undisclosed daily returns.
Beyond that clicking a button inside Watts USDT does nothing, there is no external revenue. All Watts USDT does is recycle newly invested funds to pay earlier investors.
Examples of already collapsed “click a button” app Ponzis using the same stolen identity ruse are Car USDT, TVG and JBL Mall.
Including Watts USDT, 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.