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How much trust do people have in cikao.com?

1.0

Total 1 reviews

All reviews are from registered members

Reliable
0
Trustworthy
0
Neutral
0
Suspicious
0
Untrustworthy
1
cikao.com

Why is the trust score of cikao.com Scam?

there are indeed several red flags that suggest it could be operating as a Ponzi scheme. Here are the key warning signs:
  1. Unrealistically High Returns: The promise of high and consistent daily returns with minimal risk is a classic indicator of a Ponzi scheme. The returns promised in the various contracts (K2 to K9) seem excessively high and unrealistic, especially when considering the general market conditions and economic principles.
  2. Use of New Investments to Pay Existing Investors: The description suggests that the company relies heavily on commissions from AliExpress traders. However, the high returns and the structure of the contracts indicate that it might be using money from new investors to pay earlier investors, which is a typical characteristic of a Ponzi scheme.
  3. Emphasis on Recruitment: The business model appears to incentivize the recruitment of new members into the system (A-Team and B-Team). A legitimate investment opportunity typically focuses on the product or service offered, not on recruiting more members.
  4. Lack of Clear Business Model: While there is a mention of working as an intermediary between traders and factories, the exact nature of the business and how it generates such high returns is not clearly explained. This lack of transparency is concerning.
  5. High Withdrawal Fees and Restrictive Withdrawal Policies: The high withdrawal fees (15%, reduced to 7% on specific days) and the conditions placed on when withdrawals can be made are tactics often used by fraudulent schemes to discourage withdrawing funds and to sustain the scheme longer.
  6. Use of Cryptocurrency for Transactions: The exclusive use of digital currencies like USDT for transactions adds a layer of anonymity and makes it harder to trace and recover funds, which is often attractive to fraudulent schemes.
  7. Reliance on Sharing Profits in Social Groups: Encouraging investors to share their earnings in a Telegram group could be a strategy to create a sense of community and legitimacy, which is often used in Ponzi schemes to build trust among members.
While the website might have legitimate aspects like a long history, SSL certificate, and association with reputable service providers, these factors alone do not guarantee its legitimacy. The business model and the promised returns are major red flags that suggest a high risk of it being a Ponzi scheme. It's crucial for investors to conduct thorough due diligence and exercise extreme caution with such investment opportunities.

the reasons behind this review :
Long history of the website, Use of a trusted SSL certificate, Association with reputable service providers
Positive PointsNegative Points

  Website content is accessible

  No spelling or grammatical errors in site content

  High review rate by AI

  Domain Age is quite old

  Archive Age is quite old

  negative reviews are more than Positive reviews

  We recieved multiple scam report for this site.

  Whois data is hidden

  Domain does not rank within the top 1M on the Tranco list.