WBank Wallet Review:
WBank Wallet Review: WBank Wallet markets itself as an e-Wallet company that utilizes Blockchain technology to provide a digital wallet as its primary product. Additionally, the company promotes that the WBank wallet can be invested with money that is further invested in DApps ETHEREUM, games, and other services to generate stable revenue for the investors. However, the admission into the platform is through referrals or affiliates only, which makes it another MLM company trying to cash in on the growing technology fever.
Surprisingly enough, the company offers no products for its consumers. What it offers are just promises of getting good and steady returns on the investment. But an average person may consider this company as a portfolio management company that invests in digital commodities to earn revenue. However, that part hardly correlates with the truth. That’s because WBank accepts new affiliates only via existing associates, and the 1st investment package ranges from $100 to $300, to begin with. The money received via the investment is supposed to be invested in decentralized apps and get paid via returns. But that’s not the case.
WBank Wallet as a front for MLM: WBank Wallet Review
The company uses the investor’s money to pay commissions to other affiliates who are in the higher rank via a unilevel compensation structure. Unilevel compensation pushes the commissions until the top as long as the recruited affiliates keep recruiting more affiliates and bump their levels from level 1 to level to level 3 and so on. The compensation plan reeks of multilevel marketing strategies. Also, the promises of steady returns guarantee nothing. It is just a promise that gives customers nothing but an imaginary dream world.
Founders are not be found
The business hasn’t disclosed who the founders are on their website. One must be suspicious of the claims a company is making if they are not disclosing who are the leaders leading the organization. This leaves further doubts in the affiliates’ minds whether the claims and promises will be fulfilled. As per the investigation, the company is based out of Malaysia. The recruitment is being done through videos and webinars. However, the person from the promotional video is a freelancer model hired from Fiverr. This is really shocking because the marketing video looks as if a leader from the company is promoting WBank Wallet and its “technology.”
All things considered
All in all, it can be confidently concluded that WBank is yet another Ponzi scheme marketed as a breakthrough product company that is using the latest trends in the world. The technologies used to promote fictional services are nothing but jargon used to seduce customers into buying the world of dreams. And not to mention, several people have fallen for it and are left disappointed and with lesser money in their bank accounts.
Also, the currency they offer in exchange for money is of no use outside WBank Wallet, which is not profitable for average affiliates and customers in the first place. Therefore, we request the people not to fall for the technical jargon the company is using and lose their money to the shady founders of the company.