Xnetit App Review: Stolen identity “click a button” Ponzi
Xnetit App fails to provide ownership or executive information on its website.
Xnetit App has two known website domains:
- xnetit-semwork.com – privately registered on May 1st, 2024
- xnetit-worksite.com – privately registered on May 1st, 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.
Xnetit App’s Products
Xnetit App has no retailable products or services.
Affiliates are only able to market Xnetit App affiliate membership itself.
Xnetit App’s Compensation Plan
Xnetit App sees affiliates invest tether on the promise of undisclosed passive returns.
“Click a button” app Ponzis typically pay referral commissions down three levels of recruitment.
Xnetit App does not disclose compensation details on its website.
What Xnetit App does disclose is affiliate investors are charged a 50% withdrawal fee on withdrawals “in excess of 30,000” USDT.
Joining Xnetit App
Xnetit App affiliate membership is free.
Full participation in the attached income opportunity requires an undisclosed minimum investment in USDT.
Xnetit App Conclusion
Xnetit App is yet another “click a button” app Ponzi scheme.
The scam misappropriates the name and branding of XnetIT, an Australian IT support company.
Needless to say Xnetit App has nothing to do with XnetIT.
Xnetit App doesn’t bother coming up with a ruse. This makes it a typical “task-based” Ponzi scheme.
This is from Xnetit App’s website Terms and Conditions;
Before applying for withdrawal the user must complete a series of tasks.
The user cannot cancel or skip tasks.
The assigned task in Xnetit App are “orders”. This sees Xnetit App affiliate investors log in daily to “click a button”.
Clicking the button daily qualifies Xnetit App investors to receive undisclosed daily returns.
Beyond that clicking a button inside Xnetit App does nothing, there is no external revenue. All Xnetit App 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 Xnetit App, 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.