Unmasking the “Click-a-Button” Film Investment App Ponzi Scheme – Use
In the ever-evolving landscape of online investments, a new player has emerged, offering the enticing promise of lucrative returns through a simple “click-a-button” app.
Meet Use, an entity that has raised eyebrows due to its lack of transparency and potential ties to China.
This article delves into the intricacies of Use’s operations, its questionable business model, and the warning signs that should make potential investors think twice before participating.
The lack of Ownership and Registration Details of Use
One of the glaring red flags surrounding Use is its reluctance to provide any information regarding its ownership or executive team on its website.
A legitimate company usually has no reason to hide this crucial information.
Furthermore, a quick investigation reveals that Use’s website domain, “usegz.com,” was privately registered on June 14th, 2023.
This secrecy raises questions about the legitimacy of the operation.
An even more compelling piece of evidence is found within Use’s website source code, which includes Chinese elements.
This strongly suggests that the individuals or entities behind Use have connections to China.
While this doesn’t inherently imply wrongdoing, it adds to the cloud of suspicion surrounding the company.
Complete Lack of Tangible Products
Use fails to offer any retailable products or services to its affiliates. Instead, affiliates are solely tasked with promoting Use’s affiliate membership.
This lack of tangible products is often a characteristic of MLM schemes.
Use’s compensation plan revolves around affiliate investments in the form of tether (USDT), promising attractive returns based on different investment tiers.
While this might seem enticing, it’s essential to remember that MLM companies typically generate revenue primarily through recruitment, and not through legitimate business operations.
The Recruitment-Based Rewards
Use employs a recruitment-based model, offering referral commissions based on downline recruitment efforts.
This structure incentivizes affiliates to recruit more members, contributing to a pyramid-like system.
The heart of Use’s scheme revolves around a baffling concept – affiliates log in and click a button, with the promise of generating revenue through rights leasing.
Supposedly, Use shares a portion of this revenue with its investors. However, this narrative doesn’t hold up under scrutiny.
Clicking a button on an app is hardly a legitimate method for film investment or leasing rights.
In truth, the act of clicking does nothing more than recycle new investments to pay earlier participants.
A Familiar Pattern it this scheme
Use is not alone in this “click-a-button” app Ponzi arena.
It joins a roster of similar schemes that have emerged since late 2021, including Jawa Eye and Movss, all employing the same film investment facade.
History shows that most of these schemes collapse within a few weeks to months, leaving investors with losses when the websites and apps suddenly vanish.
Behind this wave of “click-a-button” app Ponzi schemes lies a group of Chinese actors suspected of orchestrating this widespread phenomenon.
Their modus operandi involves disabling websites and apps without warning, resulting in significant losses for unsuspecting investors.
Conclusion, should you join Use
In the realm of online investments, caution should always be exercised, especially when confronted with schemes as dubious as Use’s “click-a-button” app Ponzi.
The lack of transparency, a convoluted business model, and ties to previous schemes of this nature should serve as ample warnings.
Remember, if an opportunity sounds too good to be true, it probably is. Stay vigilant and avoid falling victim to such elaborate ruses.