Stronghold Digital Review: Unveiling a “Click a Button” Cloud Mining Ponzi Scheme
Stronghold Digital: A Mysterious Operation
Stronghold Digital’s website is conspicuously silent about its ownership and executive team, shrouding itself in anonymity.
Moreover, a red flag arises as we discover that the domain for Stronghold Digital’s website, “strongholddigital.net,” was privately registered on June 17th, 2023, making it challenging to trace the people behind it.
A Telltale Sign in the Source Code
Upon closer examination of Stronghold Digital’s website source code, we discern a notable detail – the localization settings are configured for Chinese users.
This intriguing revelation strongly implies a connection between the operators of Stronghold Digital and China.
Interestingly, while the operation has ties to China, its target audience is Europe.
Traffic Origins and Warning Signals
Analyzing the sources of traffic to Stronghold Digital’s website using SimilarWeb reveals a significant presence from Russia (44%), Romania (31%), and Bulgaria (12%).
This data underscores the need for caution, especially when an MLM company with shadowy ownership is drawing substantial interest from such regions.
The Importance of Transparency
As a general rule of thumb, it is imperative to exercise caution when dealing with MLM companies that are tight-lipped about their leadership and ownership.
Such opacity raises concerns and prompts individuals to carefully evaluate their decision before becoming involved or investing their hard-earned money.
Stronghold Digital’s Product Portfolio
Regrettably, Stronghold Digital offers no tangible retail products or services for its affiliates to market.
Instead, affiliates are left with the sole option of promoting Stronghold Digital’s affiliate memberships.
Decoding Stronghold Digital’s Compensation Plan
Stronghold Digital’s compensation plan revolves around investments made in tether (USDT) with the promise of enticing returns.
These returns are structured as follows:
– Mining-A01: Invest 10 USDT and receive 0.01667 USDT per hour.
– Mining-A02: Invest 50 USDT and receive 0.08333 USDT per hour.
– Mining-A03: Invest 100 USDT and receive 0.16667 USDT per hour.
– Mining-B04: Invest 200 USDT and receive 0.33333 USDT per hour.
– Mining-B05: Invest 500 USDT and receive 1.04167 USDT per hour.
– Mining-C06: Invest 1000 USDT and receive 2.08333 USDT per hour.
– Mining-C07: Invest 2000 USDT and receive 4.16667 USDT per hour.
Furthermore, Stronghold Digital offers referral commissions to its affiliates, with three levels of recruitment (unilevel) earning commissions as follows:
– Level 1 (personally recruited affiliates) – 10%
– Level 2 – 7%
– Level 3 – 5%
Joining Stronghold Digital
Becoming a Stronghold Digital affiliate is free of charge.
However, to fully participate in the income opportunity, a minimum investment of 10 USDT is required.
The Harsh Reality of Stronghold Digital
In essence, Stronghold Digital is yet another example of a “click a button” app-based Ponzi scheme.
The core of its scheme involves affiliates logging in and simply clicking a button to purportedly receive mining revenue.
However, this operation raises significant questions.
If Stronghold Digital indeed possesses crypto mining capabilities, why do they require investments from individuals?
The Truth Behind the Button
In reality, clicking a button within Stronghold Digital’s platform accomplishes nothing substantial.
The operation merely recycles newly invested funds to pay earlier investors, a classic characteristic of Ponzi schemes.
Stronghold Digital is part of a larger group of “click a button” app Ponzis that surfaced in late 2021, such as Dmining, T97 BestPlan, and GoodTRX.
A Troubling Trend
Most of these schemes follow a predictable pattern, collapsing within a few weeks to months.
Typically, these schemes disappear abruptly, disabling their websites and apps without prior notice, leaving a trail of financial losses for the majority of investors.
The Suspected Culprits
These “click a button” app Ponzi schemes are believed to be orchestrated by a group of Chinese scammers, exacerbating the prevalence of such deceptive operations.